Reliance
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Reliance launches 5G network - blazing fast internet speed
Technology | July 16, 2020 22:40 ISTReliance is all set to tranform lives with consumer application of 5G stack that they claim would connect everything - digitise ecosystem, upscaling workforce - once spectrum is available in India.
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Reliance launches its latest innovation Jio Glass
Technology | July 15, 2020 21:20 ISTJio Glass supports more than 25 applications that enable a virtual meetings. With Jio Glass, one can have an immersive, high-class visual experience with holographic view.
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Reliance's 43rd AGM today:Where to watch Mukesh Ambani’s speech
Business | July 15, 2020 9:29 ISTReliance Industries, India's most valuable company, will hold its first online AGM today and it promises to be a much bigger affair with a brand-new virtual platform that can log more than 1 lakh shareholders from 500 locations simultaneously.
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BP, Reliance to retail fuel under 'Jio-bp' brand
Business | July 09, 2020 23:20 ISTGlobal energy supermajor BP plc and Reliance Industries Ltd on Thursday announced the start of their fuel retailing joint venture under the brand 'Jio-bp'.
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Sensex soars 466 points; RIL, HDFC Bank drive rally
July 06, 2020 16:27 ISTAfter touching a high of 36,661.66 during the day, the 30-share index settled 465.86 points, or 1.29 per cent, higher at 36,487.28; while the NSE Nifty soared 156.30 points, or 1.47 per cent, to 10,763.65.
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Intel-Jio Deal: US semiconductor giant invests Rs 1,894.5 crore in Jio Platforms for 0.39% stake
Business | July 03, 2020 9:06 ISTWith this investment, Jio Platforms has raised Rs 117,588.45 crore from leading technology investors including Facebook, which bought a 9.99 percent stake for Rs 43,574 crore on April 22, Silver Lake Partners (two investments), Vista Equity Partners, General Atlantic, KKR, Mubadala, ADIA, TPG, L Catterton, PIF and Intel.
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Fitch upgrades Reliance Industries' rating
Business | June 25, 2020 19:50 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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Mike Pompeo calls Mukesh Ambani's Reliance Jio 'clean telco', says Chinese Huawei deals evaporating
Business | June 25, 2020 9:39 ISTCalling Orange in France, Jio in India and Telstra in Australia as 'clean telcos' for refusing to do business with firms from China, US Secretary of State Mike Pompeo has claimed that Chinese tech giant Huawei’s deals with telecommunications operators around the world are “evaporating”.
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RCom loans: Anil Ambani claims no personal guarantee given to three Chinese banks
Business | June 23, 2020 22:36 ISTBusinessman Anil Ambani on Tuesday claimed he had not given any personal guarantee for a borrowing made by Reliance Communications (RCom) from three Chinese banks against the backdrop of a UK court directing him to pay USD 717 million to the three lenders.
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Reliance to hold virtual AGM on July 15
Business | June 22, 2020 20:43 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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Equity indices up 1.5 pc led by gains in Reliance, Bajaj twins
News | June 19, 2020 19:32 ISTEquity benchmark indices advanced by 1.5 per cent on Friday led by gains in Reliance Industries which become net debt-free ahead of its March 2021 target.
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Reliance Industries market valuation crosses Rs 11 lakh crore
Business | June 19, 2020 18:56 ISTThe market valuation of Reliance Industries Ltd crossed Rs 11 lakh crore on Friday as shares rallied over 6 per cent after chairman Mukesh Ambani announced that his oil-to-telecom conglomerate had become net debt-free.
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Reliance rally lifts markets; Sensex soars 524 points, Nifty tops 10,200
Business | June 19, 2020 16:07 ISTEquity benchmark Sensex rallied 524 points on Friday, propelled by stellar gains in index-heavyweight Reliance Industries amid positive sentiment in global markets and fresh foreign fund inflows.
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Jio Platforms sell 1.32% stake to TPG, L Catterton; raises Rs 1.04 lakh cr from global investments
Business | June 14, 2020 0:51 ISTGlobal alternative asset firm TPG and consumer focused private equity firms L Catterton on Saturday bought 0.93 per cent and 0.39 per cent stake in Jio Platforms, investing a total of Rs 6,441 crore.
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Reliance Industries shares jump over 3 percent
June 12, 2020 19:41 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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RIL stock hits all-time high of Rs 1,624 defying naysayers
Business | June 08, 2020 19:59 ISTAs the stock price of Reliance Industries Limited (RIL) hit an all-time high of Rs 1,624 on the BSE, the RIL story has defied experts and naysayers who cast doubts on the share's instrinsic value and commented that the price will fall post rights issue that closed on June 3.
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Reliance raises Rs 5,683.50 cr from ADIA; 8th deal for Jio Platforms in less than seven weeks
Business | June 07, 2020 21:01 ISTReliance Industries on Sunday said it sold 1.16 per cent stake in its digital unit to Abu Dhabi Investment Authority (ADIA) for Rs 5,683.50 crore, taking the cumulative fund raising to Rs 97,885.65 crore that will help pare debt at the oil-to-telecom conglomerate.
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Equity indices on upswing, Reliance hits new high
News | June 05, 2020 13:41 ISTEquity benchmark indices edged higher during early hours on Friday due to gains in index heavyweight Reliance Industries and metal stocks.
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A timeline of Reliance Jio's Rs 87,655 crore investment in 6 weeks
Business | June 05, 2020 11:09 ISTMukesh Ambani's Reliance Jio has received an investment worth whooping Rs 87,655 crore in the last 6 weeks. The most recent of the lot came in face of Rs 9,093 crore invested by Abu Dhabi based Mubadala investment company. Mubadala's investment in Reliance Jio will translate into 1.85 per cent equity state.
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Reliance's mega right issue world's biggest by a non-financial issuer in 10 years
Business | June 04, 2020 10:58 ISTReliance Industries mega Rs 53,124 crore rights issue is the largest in the world by a non-financial issuer in the last 10 years, an analyst said. Oil-to-telecom conglomerate Reliance Industries Ltd's rights issue opened for the subscription of shareholders on May 20 and will close on Wednesday.
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