Reliance Family Day 2022: Mukesh Ambani identified the businesses that his elder son Akash, his twin sister Isha and younger son Anant would lead and groom in future.
Reliance-bp is currently producing about 20 per cent of India's total domestic production and MJ would help increase this to up to 30 per cent.
Detailing its pandemic response, the report said over 8.5 crore free meals were distributed to frontline workers and vulnerable communities. Reliance produced 1,000 tonne of oxygen every day during the second wave and provided it free to states for over 1 lakh patients.
Noting that both Jio and Retail are at the beginning of their journey, Mukesh Ambani said that both have an embedded culture of continuous value creation.
Saudi Aramco chairman and head of Kingdom's cash-rich wealth fund PIF, Yasir Othman Al-Rumayyan will be on the board of Reliance Industries. He will be an independent director.
Amid a surging second wave of COVID-19 in the country, Reliance Industries (RIL) has ramped up production of medical oxygen to 1000 metric tons per day, making it India's largest producer of medical-grade liquid oxygen from a single location.
In a letter to RIL employees, the Chairman and Managing Director RIL Mukesh Ambani and Chairperson Reliance Foundation Nita Ambani said that the COVID-19 vaccine is a key weapon again the coronavirus and the company has continued to bear the vaccination cost for all the eligible members.
Mukesh Ambani's wealth increased 24 per cent on a year-on-year basis on the back of a surge in the value of energy-to-telecom giant RIL.
Reliance Industries Ltd (RIL) has received Rs 5,550 crore from global investment firm KKR, which has picked up 1.28 per cent stake in its retail arm, the Mukesh Ambani-led company said today.
Shares 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).
Billionaire Mukesh Ambani's Reliance Industries Ltd (RIL) on Saturday said it has received Rs 7,500 crore from US private equity firm Silver Lake Partners, which has picked up 1.75 per cent stake in its retail arm.
Shares of Reliance Industries were in the limelight last week amid media reports that it has offered a 40 per cent stake in its retail arm worth about USD 20 billion to Amazon.com, which the company said was speculative.
Four 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.
According to a research report by BofA Securities, in the last 4 years, with Jio, RIL has been able to build a "digital layer" on top of the existing "physical layer" of retail shops across electronics, grocery and apparels.
Shares of Reliance Industries on Monday rose nearly 3 per cent after it announced the acquisition of Future Group’s retail, wholesale, logistics and warehousing businesses for Rs 24,713 crore.
Former 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.
The combined market valuation of six of the top ten most valued companies rose by Rs 74,240 crore during the last week, with Reliance Industries leading the pack. Six firms, namely Reliance Industries Ltd (RIL), Tata Consultancy Services (TCS), HDFC Bank, Bharti Airtel, ITC and ICICI Bank logged gains in their market valuation for the trading week closed on Friday.
Reliance Industries Limited has been unstoppable in recent weeks as the corporate behemoth has attracted huge investments from world-over. On Wednesday, RIL shares declined by 4 per cent after eight-day rally.
Reliance Industries’ market valuation crossed Rs 14 lakh crore-mark on Friday as its stock rallied over 4 per cent to scale its fresh peak.
With this investment, Jio Platforms has raised Rs 117,588.45 crore from leading technology investors including Facebook, which bought a 9.99 percent stake for Rs 43,574 crore on April 22, Silver Lake Partners (two investments), Vista Equity Partners, General Atlantic, KKR, Mubadala, ADIA, TPG, L Catterton, PIF and Intel.
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