Reliance Retail buys 16.31% in Genesis Colors, acquires stake in 5 more cos
Business | September 09, 2018 16:19 ISTReliance Retail Ventures Ltd (RRVL) is a subsidiary of Mukesh Ambani-led Reliance Industries.
Reliance Retail Ventures Ltd (RRVL) is a subsidiary of Mukesh Ambani-led Reliance Industries.
Following the gain in the counter, the company's market valuation soared to Rs 8,04,247.76 crore in the afternoon trade.
The company's consolidated revenue stood at Rs 141,699 crore, which rose 9.7 per cent sequentially and 56.5 per cent from the previous quarter last year.
In a written reply in Rajya Sabha, Pradhan said that based on the Final Partial Award (FPA) dated October 12, 2016, the Directorate General of Hydrocarbons (DGH) had on May 25, 2017, raised demand for USD 3.8 billion on ONGC, RIL and Shell towards government of India share of profit petroleum and royalty.
Today's gains increased Ambani’s wealth to more than $42 billion. India’s richest man owns close to 47 per cent in RIL—the owner of the world’s largest oil refining complex.
The Akshay Kumar-Bhumi Pednekar starrer will now be screened as ‘Toilet Hero’ in more than 4000 screens in China
Anand Piramal proposes to Isha Ambani in true Bollywood style. See Pictures Here: The two got engaged recently after the Piramal scion proposed to Isha at a temple in Mahabaleshwar. The couple celebrated the occasion with their family and close ones.
Akash, 27, is Mukesh Ambani's elder son and twin of sister Isha. Shloka is the daughter of Russell Mehta, head of Rosy Blue Diamonds, formerly known as B.
In smartphones, Xiaomi emerged as the market leader with 25 per cent market share, followed by Samsung with 23 per cent market share.
Global ratings agency Moody's has lowered the credit outlook on Reliance Industries to 'stable' from 'positive' but retained the Baa2 ratings its long-term debt.
"With artificial intelligence (AR), virtual reality (VR), visual graphics, natural language processing and natural language thinking, the way we are doing business will surely change in months to come."
Speaking at the India Mobile Congress, Reliance Industries Ltd Chairman Mukesh Ambani said data is the new oil and India does not need to import it.
Reliance Capital already offers health insurance products and the move to have a standalone offering is to increase retail presence in the already cluttered mediclaim segment.
There were a number of fake stories doing rounds on internet about the price of phone used by Mukesh Ambani’s wife Nita Ambani.
Acknowledging that free services of telecom service “Jio” changed the lives of millions in India, popular American magazine Forbes placed Reliance Industries Chairman Mukesh Ambani on the top spot in the Forbes “Global Game Changers” list.
Reliance Communications (RCOM) has received 99.99 per cent shareholders approval for merger of its wireless business with Aircel, a company statement said here on Monday.
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