Reliance Industries Limited (RIL) has approved a 1:1 bonus share issue, its first in seven years. Shareholders will receive one bonus share for each share held, with the record date to be announced separately.
The deal was announced six months ago and has been cleared by the Competition Commission of India with certain modifications proposed by the two parties.
This joint venture will become one of the leading TV and digital streaming platforms for entertainment and sports content in India by bringing together iconic media assets. The merger is valued at Rs 70, 352 crore and would be controlled by Reliance once completed.
'Hanooman' boasted speech-to-text capabilities, enhancing accessibility and usability across various domains. Jio's strategic initiative included developing tailored AI solutions and leveraging Jio Brain, a platform envisioned to integrate AI across its vast network, serving over 450 million.
Mukesh Ambani as Reliance head: After the demise of Dhirubhai, Mukesh and his younger brother Anil Ambani jointly took over the reins of Reliance. Anil was appointed vice chairman and joint managing director while his elder brother assumed the roles of chairman and managing director.
The metaverse is a virtual space that is built with the idea to immerse users within the online experience, mainly via virtual reality and augmented reality (VR, AR) while enabling them to interact with each other virtually.
Reliance Industries Limited and SenseHawk's deal value is worth USD 32 million.
The market heavyweight stock has jumped 14.53 per cent in seven trading sessions to hit a high of Rs 2,250 on Thursday.
Reliance Industries Limited (RIL) will be setting up the world's largest zoo in Gujarat's Jamnagar district.
The Reliance Industries Limited made an offering of Rs 1.01 crore at the famous hill shrine of Lord Venkateswara at Tirumala near here on the New Year eve on Thursday, an official said.
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.
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.
Mukesh Ambani rolled out a series of big-bang announcements, including Google’s investment into Jio Platforms unit and development of an affordable smart phone in partnership with the search engine giant.
Reliance Industries Ltd (RIL) net-debt was ₹ 161,035 crore, as on 31st March 2020. The company has raised ₹115,693.95 crore from 10 tech investors and ₹ 53,124.20 crore from RIL's rights issue.
Seven of the top 10 most-valued Indian companies together added Rs 1,23,039.72 crore in market valuation last week, led by Infosys and Reliance Industries Limited (RIL). While Tata Consultancy Services (TCS), RIL, HDFC Bank, HUL, HDFC, Infosys and Kotak Mahindra Bank witnessed addition in their market capitalisation for the week ended on Friday,
Tracking gains in the share price, the RIL's market valuation also rose to Rs 6,49,838.31 crore. With this, the company surpassed Tata Consultancy Services (TCS) to become the most valued domestic firm by market capitalisation.
Mukesh Ambani, Reliance Industries MD and Indian energy tycoon, is no longer Asia’s richest man after he lost $5.6 billion on the back of a severe decline in RIL's share price. Mukesh Ambani lost his Aisa's riches man crown to Jack Ma, the co-founder of Alibaba Group.
Seven of the 10 most valued companies suffered a combined loss of Rs 1.89 lakh crore in market valuation last week, led by Reliance Industries which alone took a hit of Rs 87,732.8 crore.
Reliance Industrial Infrastructure Ltd (RIIL) on Wednesday reported a rise of 12.6 per cent in its consolidated net profit for the third quarter (Q3) of financial year 2019-20. The company's net profit during the quarter under review increased to Rs 2.46 crore from Rs 2.18 crore in the corresponding period of the previous fiscal.
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