Shares of Reliance Industries on Wednesday closed with nearly 1 per cent gains after the company said global investment firm KKR will invest Rs 5,550 crore in its subsidiary Reliance Retail Ventures Ltd (RRVL) to pick 1.28 per cent equity stake.
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.
Industrialist Mukesh Ambani's Reliance Industries Limited (RIL) has become India's first company to cross $210 billion market cap, entering the top 40 of worlds most valuable firms. At this market valuation, Reliance Industries is now worlds 40th most valuable firm ahead of the likes of Exxon Mobil, PepsiCo, SAP, Oracle, Pfizer and Novartis.
Billionaire Mukesh Ambani-led Reliance Industries Limited (RIL) has entered top 40 of the world's most valuable firms league as it became the first Indian company to cross USD 210 billion in market capitalisation intra-day.
With Future Retail takeover Reliance Retail now consolidated its position in Retail Space. Now Reliance Retail has entered into Upmarket, Metro and Malls. Future Retail has a good presence in these areas.
Reliance Industries (RIL) may buy online furniture brand Urban Ladder and milk delivery platform Milkbasket. The company is in talks to acquire both, according to a TOI report.
Billionaire Indian industrialist Mukesh Ambani has become the 4th richest person in the world. Above him, the top 3 positions are currently dominated by Jeff Bezos, Bill Gates, and Mark Zuckerberg. Here are some interesting facts about Mukesh Ambani.
FutureBrand, which is a global brand transformation company, said part of Reliance's success could be attributed to Mukesh Ambani's recasting of the firm as a one-stop-shop for Indians.
Reliance Industries Ltd Chairman Mukesh Ambani on July 31 extended his congratulations to Department of Telecommunications and Cellular Operators Association of India for commemorating the silver jubilee of mobility in India.
Reliance Industries Ltd on Thursday reported a better-than-expected net profit of Rs 13,248 crore in the June quarter on the back of exceptional income. Net profit was Rs 10,141 crore in the same period a year back, the company said in a regulatory filing.
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.
Equity benchmark Sensex jumped 269 points on Thursday, led by gains in index heavyweight Reliance Industries, ICICI Bank and Kotak Bank amid hopes of fresh government stimulus to support the economy.
Reliance Industries during their 43rd Annual General Meeting unveiled 'Jio Glass' on July 15.
Reliance Industries Chairman Mukesh Ambani said that Jio has developed a complete 5G solution from scratch.
Reliance Industries Limited and Jio Platforms Ltd. announced that world's leading wireless technology innovator Qualcomm is committed to invest up to Rs 730 crore in Jio Platforms to bolster Jio's initiatives towards building an advanced digital platform for Indian consumers.
Fitch Ratings on Thursday said it has upgraded Reliance Industries Ltd's rating to 'BBB+' from 'BBB' as the company's financial profile has improved following sale of nearly 25 per cent stake in Jio and Rs 53,124 crore equity raise.
After Tata Consultancy Services (TCS), Reliance Industries will hold its first virtual annual general meeting of shareholders on July 15 as public gatherings are not possible in view of the coronavirus pandemic.
Reliance Industries raised Rs 1.15 lakh crore from global tech investors by selling a little less than a quarter of the firm's digital arm, Jio Platforms, and another Rs 53,124.20 crore through a rights issue in the past 58 days.
Ambani's oil-to-telecom conglomerate has announced the sale of about USD 14 billion of assets, completed a USD 7 billion rights issue, and slowed the run rate of new investment by a quarter.
Shares of Reliance Industries on Friday reversed early losses and closed over 3 per cent higher, helping the benchmark indices to finish with gains.
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