Reliance Industries
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Mukesh Ambani, 4th richest person in the world, lesser known facts
Fyi | Aug 11, 2020, 11:06 PM ISTBillionaire Indian industrialist Mukesh Ambani has become the 4th richest person in the world. Above him, the top 3 positions are currently dominated by Jeff Bezos, Bill Gates, and Mark Zuckerberg. Here are some interesting facts about Mukesh Ambani.
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FutureBrand Index 2020: Reliance Industries ranked No 2 globally after Apple
Business | Aug 05, 2020, 07:31 PM ISTFutureBrand, which is a global brand transformation company, said part of Reliance's success could be attributed to Mukesh Ambani's recasting of the firm as a one-stop-shop for Indians.
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Steps should be taken to scrap 2G: Mukesh Ambani
News | Jul 31, 2020, 09:46 PM ISTReliance Industries Ltd Chairman Mukesh Ambani on July 31 extended his congratulations to Department of Telecommunications and Cellular Operators Association of India for commemorating the silver jubilee of mobility in India.
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Reliance Industries posts Rs 13,248 crore net profit for June quarter
Business | Jul 30, 2020, 08:09 PM ISTReliance Industries Ltd on Thursday reported a better-than-expected net profit of Rs 13,248 crore in the June quarter on the back of exceptional income. Net profit was Rs 10,141 crore in the same period a year back, the company said in a regulatory filing.
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Mukesh Ambani's Reliance Industries market valuation crosses Rs 14 lakh cr-mark
Business | Jul 24, 2020, 03:29 PM ISTReliance Industries’ market valuation crossed Rs 14 lakh crore-mark on Friday as its stock rallied over 4 per cent to scale its fresh peak.
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Sensex surges 269 points; Reliance Industries hits lifetime high
Business | Jul 23, 2020, 04:10 PM ISTEquity benchmark Sensex jumped 269 points on Thursday, led by gains in index heavyweight Reliance Industries, ICICI Bank and Kotak Bank amid hopes of fresh government stimulus to support the economy.
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Reliance unveils 'Jio Glass' for mixed reality experience
Technology | Jul 15, 2020, 09:00 PM ISTReliance Industries during their 43rd Annual General Meeting unveiled 'Jio Glass' on July 15.
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Jio developed 5G from scratch, can be ready for field deployment next year: Mukesh Ambani
Technology | Jul 15, 2020, 07:00 PM ISTReliance Industries Chairman Mukesh Ambani said that Jio has developed a complete 5G solution from scratch.
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World's leading wireless technology Qualcomm to invest Rs 750 cr in Reliance Jio
Business | Jul 12, 2020, 10:18 PM ISTReliance Industries Limited and Jio Platforms Ltd. announced that world's leading wireless technology innovator Qualcomm is committed to invest up to Rs 730 crore in Jio Platforms to bolster Jio's initiatives towards building an advanced digital platform for Indian consumers.
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Fitch upgrades Reliance Industries' rating
Business | Jun 25, 2020, 07:50 PM ISTFitch Ratings on Thursday said it has upgraded Reliance Industries Ltd's rating to 'BBB+' from 'BBB' as the company's financial profile has improved following sale of nearly 25 per cent stake in Jio and Rs 53,124 crore equity raise.
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Reliance to hold virtual AGM on July 15
Business | Jun 22, 2020, 08:43 PM ISTAfter Tata Consultancy Services (TCS), Reliance Industries will hold its first virtual annual general meeting of shareholders on July 15 as public gatherings are not possible in view of the coronavirus pandemic.
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Mukesh Ambani's Reliance Industries becomes first Indian firm to hit USD 150 bn m-cap
Business | Jun 22, 2020, 11:29 AM ISTReliance Industries raised Rs 1.15 lakh crore from global tech investors by selling a little less than a quarter of the firm's digital arm, Jio Platforms, and another Rs 53,124.20 crore through a rights issue in the past 58 days.
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Next leg of RIL debt-reduction to be driven by strong cashflow from energy business: Report
Business | Jun 16, 2020, 12:21 PM ISTAmbani's oil-to-telecom conglomerate has announced the sale of about USD 14 billion of assets, completed a USD 7 billion rights issue, and slowed the run rate of new investment by a quarter.
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Reliance Industries shares jump over 3 percent
Market | Jun 12, 2020, 07:41 PM ISTShares of Reliance Industries on Friday reversed early losses and closed over 3 per cent higher, helping the benchmark indices to finish with gains.
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Mukesh Ambani gets 5.52 lakh shares in Reliance rights issue
Business | Jun 11, 2020, 12:38 PM ISTBillionaire Mukesh Ambani has got 5.52 lakh shares of his flagship firm Reliance Industries (RIL) in the just-concluded Rs 53,124 crore rights issue, according to the company's regulatory filing on Thursday.
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Reliance Industries shares hit 52-week high after Abu Dhabi's Mubadala deal
Business | Jun 05, 2020, 12:12 PM ISTShares of Reliance Industries on Friday gained over 2 per cent to hit their one-year high level after the company announced sale of 1.85 per cent stake in its digital unit, Jio Platforms, to Abu Dhabi-based sovereign investor Mubadala. On BSE, the heavyweight stock jumped 2.38 per cent to Rs 1,617.70 -- its 52-week high.
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Abu Dhabi's Mubadala to invest Rs 9,000 cr in Mukesh Ambani's Reliance Jio Platforms
Business | Jun 05, 2020, 08:58 AM ISTWith this investment, Mukesh Ambani's Jio Platforms has raised Rs 87,655.35 crore from leading global technology and growth investors, including Facebook, Silver Lake, Vista Equity Partners, General Atlantic, KKR and Mubadala, in less than six weeks.
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Mukesh Ambani's Reliance Industries on track to achieve zero net debt: Report
Business | May 31, 2020, 12:27 PM ISTRiding on the Rs 1.3 lakh crore in aggregate fund raising in the last few weeks, Reliance Industries is expected to repay its entire reported net debt even if the Saudi Aramco deal is delayed, a brokerage report said.
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Mukesh Ambani’s youngest son Anant joins Jio Platforms as director, says 'Reliance meri jaan hai'
Business | May 27, 2020, 02:57 PM ISTAnant Ambani, the youngest son of Mukesh Ambani, has formally joined the Reliance Industries's digital venture Jio Platforms as an additional director. RIL's Jio Platforms has been in the news for the past few weeks as it received billions of dollars of investment from Facebook, KKR, Vista and others.
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Reliance Industries rights issue ends in a week: 5 reasons why you should subscribe to it
Business | May 26, 2020, 03:04 PM ISTReliance Industries' Rs 53,125 crore mega rights issue opened for subscription by shareholders on Wednesday. It became the first issue where eligible shareholders got the rights entitlements (REs) in demat, which could be traded on stock exchanges.