Reliance
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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.
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Jio Platforms sell 1.32% stake to TPG, L Catterton; raises Rs 1.04 lakh cr from global investments
Business | Jun 14, 2020, 12:51 AM 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
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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RIL stock hits all-time high of Rs 1,624 defying naysayers
Business | Jun 08, 2020, 07:59 PM 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 | Jun 07, 2020, 09:01 PM 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 | Jun 05, 2020, 01:41 PM 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 | Jun 05, 2020, 11:09 AM 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 | Jun 04, 2020, 10:58 AM 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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RIL rights issue oversubscribed 1.1 times with 2 more days to go
Brand Content | Jun 02, 2020, 08:25 PM 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 PM 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, 04:49 PM 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 | Apr 30, 2020, 08:58 PM 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 | Apr 30, 2020, 07:48 PM 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 | Apr 29, 2020, 10:20 AM 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 | Apr 22, 2020, 11:32 AM 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 | Apr 22, 2020, 10:21 AM 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 | Apr 20, 2020, 10:39 PM 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 | Apr 13, 2020, 04:45 PM 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 | Apr 03, 2020, 02:52 PM 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 | Mar 30, 2020, 08:17 PM 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.