Reliance
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RIL rights issue oversubscribed 1.1 times with 2 more days to go
Brand Content | June 02, 2020 20:25 ISTThe Mukesh Ambani-led Reliance Industries has received a resounding response to its Rs 53,124 crore RIL rights issue. The country's largest-ever fundraising initiative got oversubscribed 1.1 times on June 1, 2020, with two more days to go.
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Mukesh Ambani's JioMart now live across India: All about Reliance's JioMart online grocery service
Business | May 25, 2020 12:49 ISTMukesh Ambani’s Reliance Industries Ltd has launched an online grocery service, JioMart across India, after running pilot programme in Maharashtra’s Navi Mumbai, Thane, and Kalyan. Reliance's JioMart is expected to challenge its rivalling Amazon.com's local unit and Walmart Inc's Flipkart in the huge Indian market.
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Mukesh Ambani aims to turn Reliance into zero net debt firm by Dec, ahead of target
Business | May 01, 2020 16:49 ISTBillionaire Mukesh Ambani has accelerated the timeframe for wiping out Rs 1.61 lakh crore of net debt at his Reliance Industries by bringing in strategic investors in key businesses as well as committing more equity.
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Reliance to raise Rs 53,125 crore via 1:15 rights issue at Rs 1,257 per share
Business | April 30, 2020 20:58 ISTBillionaire Mukesh Ambani's Reliance Industries Ltd (RIL) on Thursday announced fund raising of Rs 53,125 crore by way of a 1:15 rights issue, the first such issue in nearly three decades, as it steps up efforts to pare debt.
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Reliance Jio Q4 net zooms 177% to Rs 2,331 crore
Business | April 30, 2020 19:48 ISTReliance Jio on Thursday reported a 177 percent jump in fourth quarter net profit to Rs 2,331 crore. The telecom venture of billionaire Mukesh Ambani had logged a net profit of Rs 840 crore in the same quarter a year back.
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Mukesh Ambani's RIL mulls rights issue. What we know
Business | April 29, 2020 10:20 ISTMukesh Ambani's Reliance Industries will announce its financials for the March quarter on April 30. As per reports, RIL is considering issuing equity shares to existing shareholders on a rights basis.
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Mukesh Ambani on Facebook-Jio deal: WhatsApp, JioMart plan to bring local kirana store online
Business | April 22, 2020 11:32 ISTMukesh Ambani's Reliance Industries Ltd and Mark Zuckerberg-founded Facebook on Wednesday announced that the US tech giant will buy a 9.99 per cent stake for $5.7 billion (Rs 43,574 crore) in India's oil-retail-telecom conglomerate Reliance Industries Limited (RIL) led Jio Platforms.
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Reliance Industries stock price up 7% on Facebook's mega investment
Business | April 22, 2020 10:21 ISTReliance Industries (RIL) share price has zoomed in the early trade today on the back of Facebook's mega-investment worth Rs 43,574 in Jio Platforms for a 9.99 per cent stake. Jio Platforms is a wholly-owned subsidiary of Reliance Industries.
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Reliance to provide meals for 3 crore Indians
News | April 20, 2020 22:39 ISTReliance Foundation has scaled up its meal distribution programme under Mission Anna Seva to provide over 3 crore meals to marginalised and under-resourced communities across India.
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Reliance-backed Fynd launches 'Corona Striker' game: Know what it is
Technology | April 13, 2020 16:45 ISTCorona Striker is a new online game created to create awareness about COVID-19. Read on to know more
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Airtel, Jio to continue gaining market share due to Vodafone Idea's worsened financial health
Business | April 03, 2020 14:52 ISTBharti Airtel and Reliance Jio will continue to gain market share at the cost of Vodafone Idea''s "worsened" financial health that may deteriorate further in the wake of the AGR judgment, Axis Capital said in a note on Friday.
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Reliance Industries announces Rs 500 crore contribution to PM CARES Fund
Business | March 30, 2020 20:17 ISTReliance Industries' chief Mukesh Ambani on Monday committed a further Rs 500 crore to the Prime Minister's COVID-19 fund, topping up over the multi-crore initiative of India's first coronavirus hospital, meals to the needy, and fuel to emergency vehicles.
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Reliance Jio number can now be recharged via ATM: Know how to conduct the recharge
Technology | March 30, 2020 19:49 ISTReliance Jio now lets you recharge Jio number through ATM. Here is how you can conduct one
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Coronavirus: Reliance to make 1 lakh masks per day, provide free meals across country
India | March 23, 2020 17:31 ISTReliance has decided to ramp up production capacity to 1 lakh masks per day, free fuel to emergency vehicles carrying Covid-19 patients and free meals in various cities to support the livelihood of those impacted by the coronavirus outbreak.
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Amid talks with Reliance, Saudi Aramco says focusing investments in high-growth India mkt
Business | March 22, 2020 12:03 ISTThe world's biggest oil exporter Saudi Aramco has said it is focusing its downstream investments in high-growth nations such as India as it negotiates a deal to buy up to 20 per cent stake in Reliance Industries' USD 75 billion oil-to-chemical business. In its latest annual report, Aramco said it is looking at investment opportunities in high-growth markets as well as nations that rely on importing crude oil.
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Reliance Jio revises Rs. 11, Rs 21, Rs 51 and Rs 101 vouchers to offer double data
Technology | March 21, 2020 14:42 ISTReliance Jio introduces double 4G data on select prepaid plans. Here's everything you need to know.
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Reliance Home Finance defaulted on loan repayment of Rs 40 crore in Feb: Regulatory filing
Business | March 10, 2020 23:36 ISTThe Anil Ambani-controlled Reliance Capital group firm Reliance Home Finance has defaulted on loan repayment of Rs 40.08 crore in February, it said in a regulatory filing on Tuesday.
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Six of top-10 firms lose Rs 95,432 cr in m-cap; Reliance takes biggest hit
Business | March 08, 2020 10:29 ISTSix of the 10 most valued domestic companies suffered a combined erosion of Rs 95,432.26 crore in market valuation last week, dragged down by Reliance Industries Limited (RIL) and HDFC Bank amid a bearish trend in the broader market.
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Ten most valued firms lose Rs 3.35 lakh cr in m-cap as markets plummet
Business | March 01, 2020 17:58 ISTThe ten most valued domestic firms together lost a massive Rs 3.35 lakh crore from their market capitalization last week, as the equity markets witnessed massive sell-off amid fears of coronavirus outbreak turning into a pandemic.
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Mukesh Ambani meets AP CM, discusses industrial devlopment
Business | February 29, 2020 22:34 ISTReliance Industries Chairman Mukesh Ambani had a two-hour-long meeting with Andhra Pradesh Chief Minister YS Jagan Mohan Reddy at the latter's residence here on Saturday, where industrial development in the state and investments were discussed.
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