Reliance
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Reliance's 15-year-plan to build into new energy company
Business | Aug 09, 2020, 01:38 PM ISTBillionaire Mukesh Ambani's Reliance Industries Ltd has a 15-year vision to build itself as a new energy company that aims to recycle CO2, create value from plastic waste and has an optimal mix of clean and affordable energy, analysts said.
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Six of top-10 most valued companies add Rs 74,240 crore in market cap; RIL leads
Business | Aug 09, 2020, 10:54 AM ISTThe combined market valuation of six of the top ten most valued companies rose by Rs 74,240 crore during the last week, with Reliance Industries leading the pack. Six firms, namely Reliance Industries Ltd (RIL), Tata Consultancy Services (TCS), HDFC Bank, Bharti Airtel, ITC and ICICI Bank logged gains in their market valuation for the trading week closed on Friday.
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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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RIL shares decline by nearly 4 per cent due to profit booking
Business | Jul 29, 2020, 06:39 PM ISTReliance Industries Limited has been unstoppable in recent weeks as the corporate behemoth has attracted huge investments from world-over. On Wednesday, RIL shares declined by 4 per cent after eight-day rally.
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Equity indices close in the red, Reliance falters by 4 pc
News | Jul 29, 2020, 06:37 PM ISTEquities came under heavy selling pressure in the afternoon session on July 29 with benchmark indices slipping by 1 per cent amid mixed cues in global markets.The BSE SandP Sensex closed 422 points or 1.1 per cent lower at 38,071 while the Nifty 50 l
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Reliance overtakes Exxon to become world's 2nd most valuable energy firm
Business | Jul 24, 2020, 07:37 PM ISTReliance Industries has overtaken ExxonMobil to become the world's second most valuable energy company after its market capitalisation scaled to a record high of over Rs 14 lakh crore.
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Mukesh Ambani now world's 5th RICHEST! Here's the Top 10 List, and their net worth
Business | Jul 22, 2020, 09:01 PM ISTBillionaire Mukesh Ambani is now the world's fifth-richest man. The Real-Time Billionaires List by Forbes Magazine shows Ambani, the chairman of oil-to-conglomerate Reliance Industries, at the fifth position, just below Facebook's Mark Zuckerberg.
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Reliance launches 5G network - blazing fast internet speed
Technology | Jul 16, 2020, 10:40 PM 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 | Jul 15, 2020, 09:20 PM 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 | Jul 15, 2020, 09:29 AM 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 | Jul 09, 2020, 11:20 PM 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
Market | Jul 06, 2020, 04:27 PM 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 | Jul 03, 2020, 09:06 AM 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 | 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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Mike Pompeo calls Mukesh Ambani's Reliance Jio 'clean telco', says Chinese Huawei deals evaporating
Business | Jun 25, 2020, 09:39 AM 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 | Jun 23, 2020, 10:36 PM 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 | 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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Equity indices up 1.5 pc led by gains in Reliance, Bajaj twins
News | Jun 19, 2020, 07:32 PM 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 | Jun 19, 2020, 06:56 PM 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 | Jun 19, 2020, 04:07 PM 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.