Reliance
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Amazon gets interim relief; Future-Reliance deal put on hold
Business | Oct 25, 2020, 10:08 PM ISTAmazon on Sunday won an interim award against its partner Future group selling retail business to Reliance Industries Ltd for Rs 24,713 crore after a Singapore-based single judge arbitration panel put the deal on hold.
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Reliance rolls back salary cuts, offers bonus
Business | Oct 25, 2020, 08:53 PM ISTThe firm is also offering an advance 30 per cent of the variable pay from the next year's salary to its lakh-plus employees as a goodwill gesture for working during the pandemic, two persons familiar with the matter said.
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Forbes India Rich List 2020 | Mukesh Ambani remains richest Indian for 13th year
Business | Oct 08, 2020, 01:43 PM ISTAmid the Covid-19 pandemic which hit India hard and led to a sharp economic contraction, half of the nation's 100 richest on the 2020 Forbes India Rich List saw gains. Their collective net worth rose 14 per cent to $517.5 billion from a year earlier, even as the benchmark BSE Sensex stock index remained flat from a year ago.
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RIL shares jump over 4% after ADIA invests Rs 5,512.5 crore in Reliance Retail
Business | Oct 07, 2020, 11:54 AM ISTShares of Reliance Industries Ltd on Wednesday gained over 4 per cent after Reliance Retail Ventures Ltd raised Rs 5,512.50 crore from Abu Dhabi Investment Authority (ADIA).
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Abu Dhabi Investment Authority invests Rs 5,512.5 crore in Reliance Retail for 1.2 per cent stake
Business | Oct 06, 2020, 11:06 PM ISTReliance Retail Ventures Ltd, run by India's richest man Mukesh Ambani, on Tuesday raised Rs 5,512.50 crore from Abu Dhabi Investment Authority (ADIA), taking the total fundraise to Rs 37,710 crore in less than four weeks.
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TCS m-cap surpasses ₹10-lakh-crore mark, becomes 2nd Indian firm to do so after Reliance
Business | Oct 05, 2020, 01:30 PM ISTTata Consultancy Services (TCS) has become the second Indian firm to attain a market valuation of over Rs 10 lakh crore.
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GIC to invest ₹5512.5 crore in Reliance Retail: 5 things to know
Business | Oct 03, 2020, 08:49 AM ISTSingapore investment company GIC will invest ₹5512.5 crore in Reliance Retail Ventures Limited (RRVL). The sixth and the latest investment in recent weeks comes -- in exchange for 1.22 percent stake values Reliance Retail Ventures at a pre-money equity value of ₹4.285 lakh crore.
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Reliance develops RT-PCR kit that can give coronavirus results in 2 hrs
Business | Oct 02, 2020, 04:09 PM ISTThe Reliance Life Sciences has developed an RT-PCR kit that promises diagnosis of the deadly coronavirus infection in about 2 hours, company sources said on Friday.
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Reliance Industries shares close nearly 1 per cent higher after KKR deal
Market | Sep 23, 2020, 05:10 PM ISTShares of Reliance Industries on Wednesday closed with nearly 1 per cent gains after the company said global investment firm KKR will invest Rs 5,550 crore in its subsidiary Reliance Retail Ventures Ltd (RRVL) to pick 1.28 per cent equity stake.
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Powered by RIL, valuation of four of top 10 firms soars by Rs 3 lakh crore
Business | Sep 13, 2020, 10:16 AM ISTFour of the 10 most valued Indian firms added Rs 3,01,847.99 crore to their market capitalisation last week, led by Reliance Industries which surpassed the Rs 15 lakh crore mark in valuation.
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Reliance terms reports of stake sale to Amazon speculative
Business | Sep 10, 2020, 11:17 PM ISTReliance Industries Ltd reportedly has offered a 40 per cent stake in its retail arm worth about USD 20 billion to Amazon.com, Inc, a report the company said was speculative.
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Mukesh Ambani's Reliance offers Amazon $20 billion stakes in retail arm: What we know
Fyi | Sep 10, 2020, 03:10 PM ISTReliance Industries is offering to sell about $20 Billion in its retail business to Amazon. The e-commerce retailer held discussions about investing in Mukesh Ambani's company and has expressed interest in negotiating a potential transaction.
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Reliance Industries shares extend rally, jump nearly 3%
Business | Sep 10, 2020, 11:32 AM ISTShares of Reliance Industries continued to rally on Thursday, gaining nearly 3 per cent, on US private equity firm Silver Lake Partners’ 1.75 per cent stake-buying plan in the firm’s retail arm for Rs 7,500 crore.
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Silver Lake picks 1.75 per cent stake in Reliance Retail for Rs 7,500 cr
Business | Sep 09, 2020, 10:23 AM ISTUS private equity firm Silver Lake Partners has picked 1.75 per cent stake in Reliance Retail for Rs 7,500 crore, the Indian firm said in a statement on Wednesday. The investment values Reliance Retail at Rs 4.21 lakh crore.
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Reliance Industries buys Future Group business for Rs 24,713 crore
Business | Aug 29, 2020, 10:15 PM ISTIndustrialist Mukesh Ambani's Reliance Industries Ltd on Saturday announced the acquisition of Future Group businesses for Rs 24,713 crore to add to its fast-expanding retail business and bolster e-commerce to take on the competition from Amazon.com.
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Meet Sanjiv Singh, Former IOC Chairman who joined Reliance as Group President
Business | Aug 26, 2020, 08:04 PM ISTFormer Indian Oil Corp (IOC) chairman Sanjiv Singh has joined Reliance Industries Ltd as Group President for billionaire Mukesh Ambani-run firm's oil-to-chemicals business.
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Battle of billionaires: Mukesh Ambani's Reliance and Jeff Bezos's Amazon set to clash on e-pharma
Business | Aug 17, 2020, 09:26 AM ISTThe next big battle of billionaires Mukesh Ambani and Jeff Bezos is set to be on the e-pharma front. According to a report in the Live Mint, both the companies are looking to diversify into the e-pharma segment.
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ByteDance in talks with Mukesh Ambani's Reliance for investment in TikTok
Business | Aug 13, 2020, 11:07 AM ISTChina's ByteDance is in early talks with Mukesh Ambani's Reliance Industries Ltd for investment in its video-based app TikTok's business in India, according to TechCrunch. The report said the two companies began conversations late last month. However, they have not reached a deal yet.
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Reliance is now among top 100 global companies
India | Aug 11, 2020, 04:24 PM ISTReliance had broken into the top 100 in 2012 ranking when it was ranked 99th but slipped in subsequent years to rank 215th in 2016. Since then it has risen steadily, according to Fortune List.
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Reliance Industries' asset monetisation to boost credit quality: S&P
Business | Aug 10, 2020, 03:02 PM ISTS&P Global Ratings on Monday said that Reliance Industries Ltd's sizable proceeds from asset monetisation over the past four months should significantly improve its credit quality.