Billionaire Mukesh Ambani's Reliance Industries is India's answer to US giants Exxon, AT&T and Amazon - all rolled into one, Bernstein Research said on Tuesday.
Reliance Jio has reported a staggering profit of Rs 16,517 (USD 2.6 billion). Reliance Industries Limited has released its financial report of Quarter 3 ending at 31 December, 2019.
Mukesh Ambani's Reliance Retail Ltd (the retail arm of Reliance Industries Ltd) has begun sending invites for launch of JioMart, its new commerce venture. With JioMart, billionaire Mukesh Ambani aims to take on e-commerce giants Amazon and Flipkart.
From Mukesh Ambani’s Reliance Industries Ltd (RIL) creating history by becoming the first Indian company to breach the Rs 10-trillion valuation mark to Wipro founder Azim Premji stepping down from his post of executive chairman of Wipro, top business tycoon leaders made headlines in 2019.
Richest 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.
Mukesh Ambani, Chairman and Managing Director of Reliance Industries and Asia’s richest man just added almost $17 billion to his wealth as of December 23, the most in Asia, taking his net worth to about $60 billion, according to the Bloomberg Billionaires Index. According to Forbes magazine, Mukesh Ambani is the 10th richest man in the world as of December 2019.
Mukesh Ambani's growth comes as RIL's new ventures are expected to contribute 50 per cent of Reliance's earnings over the next few years. Another factor that has helped Reliance's rapid climb on the stock market is Ambani's plan to bring the company's net debt to zero.
The Delhi High Court has asked Reliance Industries (RIL) and British Gas (BG) to disclose their assets on the central government's plea for directions to both companies not to dispose of their assets.
After a gap of 7 years, Reliance Industries has once again emerged the biggest wealth creator over 2014-19. A total of Rs 5.6 lakh crore wealth created by Reliance is the highest-ever so far by a huge margin
On Thursday, RIL shares hit the 52-week high of Rs 1,581.25 on the BSE, rising 0.64 per cent. While RIL gained nearly 40 per cent during the last year, the Nifty50 index advanced over 13 per cent.
Last month, Mukesh Ambani's Reliance Industries Limited had added another feather to its cap by becoming the first Indian firm to hit the Rs 9 lakh crore market valuation mark in intra-day trade.
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Billionaire Mukesh Ambani on Tuesday said the slowdown in the Indian economy is temporary and the recent measures taken by the government will help reverse the trend in the coming quarters.
RIL's CMD Mukesh Ambani has said that consolidation of liabilities in the company creates an efficient structure to manage debt and cash.
Reliance Industries CMD Mukesh Ambani Saturday offered prayers at famous Himalayan shrines of Badrinath and Kedarnath in Uttarakhand. Accompanied by his son Akash, Ambani arrived by helicopter in Badrinath at around 8.30 am, Badrinath-Kedarnath Mandir Samiti spokesman Harish Gaud told PTI.
Reliance Industries (RIL) in August announced partnership of its subsidiary Reliance Jio Infocomm with Microsoft in the technology space, including creation on cloud solutions.
Reliance 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.
Billionaire Mukesh Ambani's Reliance Industries (RIL) on Friday added another feather to its cap and became the first Indian firm to hit the Rs 9 lakh crore market valuation mark. During late morning trade on BSE, the company's market capitalisation (m-cap) was Rs 9,01,490.09 crore.
Mukesh Ambani continues to be the richest Indian for 12th consecutive year according to the Forbes list. Mukesh Ambani, the Chairman of Reliance Industries has managed to add a handsome USD 4 billion in a year that made headlines for slump in economic growth and lessened demand in the automobile sector.
Reliance and its partner BP Plc of the UK, last month had put out Notice Inviting Offer (NIO) seeking bids from potential users for the 5 million standard cubic meters per day of natural gas they plan to produce from the R-Cluster Field in KG-D6 bloc
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