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.
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.
The 30-share index ended 185.51 points, or 0.46 per cent, higher at 40,469.70. It hit an intra-day high of 40,544.13 and a low of 40,290.21. As many as 11 of 30 Sensex stocks ended in green.
Reliance Industries Limited (RIL) with a market valuation of Rs 7,95,179.62 crore at close of trade on Friday stood at the top of the domestic m-cap ranking.
In the biggest single-day drop posted by US stocks this year, the world's richest man, Amazon founder Jeff Bezos saw the steepest decline of $3.43 billion.
HDFC's valuation took a beating of Rs 1,501.96 crore to reach Rs 3,38,933.58 crore and that of ITC fell by Rs 1,469.63 crore to Rs 3,43,832.17 crore.
Mukesh Ambani now the 11th richest man in world, the increase in Ambani's total wealth is primarily due to the superb performance of Reliance Industries' shares.
Shares of RIL surged 2.75 per cent to Rs 1,181.35 on Tuesday, while the shares of TCS fell by 0.79 per cent to Rs 1,929.55.
Ambani said that the ultra-high speed fixed line broadband services will be launched for homes and enterprises.
Reports suggest Ambani might announce the commercial launch of wired broadband service JioFiber and its price plans.
Ambani said it is because of Dhirubhai Ambani that Reliance had grown from one employee to over 250,000 and from a Rs 1,000 company to over Rs 6 lakh crore.
Reliance Industries Ltd (RIL) owes "additional surcharge" of more than Rs 1,900 crore to state- run agency MMRDA for delay in development of plots in Mumbai.
Chennai: Creating a history in Indian business, Information Technology company - Tata Consultancy Services (TCS) has emerged as the highest net profit-earner in the quarter ended December.It is for the first time that this position
New Delhi: The Indian government Wednesday deferred by three months a decision on raising the price of locally produced gas, saying a comprehensive discussion was required on the issue.The Cabinet Committee on Economic Affairs (CCEA),
New Delhi: Reliance Industries will repair a third of the wells shut at its main gas field in the eastern offshore KG-D6 block to boost output in the first quarter of 2014.RIL closed half of
New Delhi: The Planning Commission has warned that imposing a second penalty on Reliance Industries for producing less-than-projected natural gas from its KG-D6 fields could impact investment climate in the same manner as retrospective tax
New Delhi: CBI today registered eight more preliminary enquiries (PEs) in connection with issues related to intercepted phone calls of lobbyist Niira Radia against former Jharkhand Chief Minister Madhu Koda, Reliance Industries Limited (RIL) and
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