Reliance
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Forensic audit finds no fraud, fund diversion at Reliance Home Finance
Business | Jan 12, 2020, 11:58 PM ISTReliance Home Finance on Sunday said an independent forensic audit, mandated by lenders, has found no fraud, embezzlement or diversion and siphoning of funds in the company that is seeking debt resolution.
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Forensic audit finds no fraud, fund diversion at Anil Ambani-led Reliance Home Finance
Business | Jan 12, 2020, 08:06 PM ISTIn a statement, the company said the audit made "no adverse findings" on the quantum and end-use of lending.
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Reliance Jio launches Rs. 251 prepaid plans: Here's what it has on offer
Technology | Jan 06, 2020, 05:46 PM ISTReliance Jio has added another affordable prepaid plan to its portfolio. Here's how it competes against Airtel, Vodafone and BSNL.
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Reliance Communications creditors may seek more time to complete asset sale process
Business | Jan 01, 2020, 10:17 PM ISTReliance Communications' committee of creditors is likely to seek extension of debt sale process beyond January 10 till February-end from the National Company Law Tribunal, according to sources.
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Reliance launches its online grocery platform JioMart: Here's everything you need to know
Technology | Jan 01, 2020, 07:46 PM ISTReliance launches JioMart online grocery platform in India to compete against Amazon, Grofers and Flipkart. Here's what you need to know
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IRDAI restores Reliance Capital's 100 percent shareholding in Reliance General Insurance
Business | Dec 29, 2019, 05:22 PM ISTReliance Capital on Sunday said the Insurance Regulatory and Development Authority of India has cancelled pledge enforcement of Reliance General Insurance Company Ltd's (RGICL) shares by Credit Suisse and Nippon India MF.
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Reliance Infra receives Rs 94 cr from Goa, to urge state to pay rest 75 per cent
Business | Dec 27, 2019, 04:49 PM ISTReliance Infrastructure on Friday said it has received Rs 94 crore from the Goa government against the arbitration award of Rs 350 crore. The company will request the Government of Goa to pay the balance of 75 per cent of the arbitral award against bank guarantee immediately as per a recent Niti Aayog circular, RInfra said in a statement.
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Mukesh Ambani's Reliance Retail valued at USD 34 billion in new share-swap scheme
Business | Dec 26, 2019, 06:23 PM ISTRichest Indian Mukesh Ambani's Reliance Retail, which runs the country's largest chain of neighbourhood supermarket stores and consumer electronics outlets, has been valued at USD 34 billion (Rs 2.4 lakh crore) in a proposed share-swap scheme for shareholders.
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Anil Ambani Group's Rel Home Fin seeks lenders nod to pay bondholders
Business | Dec 18, 2019, 09:22 PM ISTThe company owes Rs 91.78 crore, includes both principal and the interest, to 19,964 retail bondholders but is unable to pay because of a restraint placed by the lenders as it is undergoing is a bank-led resolution process
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Equity flows slip 78 pc in November
Business | Dec 10, 2019, 09:08 AM ISTNet inflows into equities stood at Rs 933 crore last month, a three-year low and a drop of nearly 85 per cent month-on-month, according to data released by the Association of Mutual Funds in India (AMFI).
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How to check Jio your number, data balance, special vouchers and more
Technology | Dec 03, 2019, 11:11 AM ISTReliance Jio's MyJio app: A complete guide to check your data balance, special offers and more
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Reliance denies selling news media biz to Times Group, says reports false, baseless
Business | Nov 28, 2019, 03:59 PM ISTBillionaire Mukesh Ambani's Reliance Industries on Thursday denied reports of selling its news media business to Times Group. Bloomberg early on Thursday reported that Ambani "is in talks to sell his news media assets to India's Times Group, as Asia's richest man plans to unload a business that's been losing money".
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RCom shares rally 6 per cent to hit upper circuit on asset sale buzz
Business | Nov 25, 2019, 10:48 AM ISTBharti Airtel, RIL and three others are likely to bid for the assets of debt-ridden Reliance Communications on Monday, according to sources close to the development.
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Reliance becomes first Indian firm to hit ₹ 9.5 lakh crore market valuation
Business | Nov 19, 2019, 04:28 PM ISTReliance Industries Limited on Tuesday achieved another milestone becoming the first Indian firm to hit a market valuation of Rs 9.5 lakh crore, helped by a rally in its stock price.
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Reliance cuts base price for new gas from KG-D6 after customer protests
Business | Nov 10, 2019, 12:32 PM ISTReliance and its partner BP Plc of the UK is in the market seeking bids from potential users for the 5 million standard cubic metres per day of natural gas they plan to produce from the R-Cluster Field in KG-D6 block from mid-2020.
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Reliance again puts off gas bid to Nov 15 on bidders request
Business | Nov 06, 2019, 03:50 PM ISTReliance Industries has for the second time in a month put off bidding to sell natural gas it plans to produce from newer fields in the flagging eastern offshore KG-D6 block, sources said. The sources said potential bidders sought more time to evaluate the terms of the offer and so the bidding deadline was pushed back to November 15.
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Jio opposes govt's planned move to bailout telephone cos
Business | Nov 03, 2019, 07:16 PM ISTReliance Jio has written to Telecom Minister Ravi Shankar Prasad stating in unequivocal terms that the proposed telcos bailout would be contempt of the Supreme Court judgment and an illegal trigger to widespread precedent.
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Reliance General Insurance scraps IPO plan; withdraw offer documents
Business | Oct 30, 2019, 02:54 PM ISTEarlier in October 2017, Reliance General Insurance approached Sebi with its IPO papers for which it received the the regulator's approval in November 2017.
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RIL may be aiming listing of Jio post debt free status
Business | Oct 27, 2019, 06:25 PM ISTRIL's CMD Mukesh Ambani has said that consolidation of liabilities in the company creates an efficient structure to manage debt and cash.
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At ₹11,262 cr, Mukesh Ambani's RIL puts highest quarterly profit ever
Business | Oct 18, 2019, 08:04 PM ISTReliance Industries on Friday reported an 18.6 per cent rise in consolidated net profit to a record Rs 11,262 crore for the second quarter of the current fiscal on the back of a turnaround in refining margins and continued rise in consumer businesses of retail and telecom.