Reliance Industries mega Rs 53,124 crore rights issue is the largest in the world by a non-financial issuer in the last 10 years, an analyst said. Oil-to-telecom conglomerate Reliance Industries Ltd's rights issue opened for the subscription of shareholders on May 20 and will close on Wednesday.
The Mukesh Ambani-led Reliance Industries has received a resounding response to its Rs 53,124 crore RIL rights issue. The country's largest-ever fundraising initiative got oversubscribed 1.1 times on June 1, 2020, with two more days to go.
Mukesh Ambani’s Reliance Industries Ltd has launched an online grocery service, JioMart across India, after running pilot programme in Maharashtra’s Navi Mumbai, Thane, and Kalyan. Reliance's JioMart is expected to challenge its rivalling Amazon.com's local unit and Walmart Inc's Flipkart in the huge Indian market.
Billionaire Mukesh Ambani has accelerated the timeframe for wiping out Rs 1.61 lakh crore of net debt at his Reliance Industries by bringing in strategic investors in key businesses as well as committing more equity.
Billionaire Mukesh Ambani's Reliance Industries Ltd (RIL) on Thursday announced fund raising of Rs 53,125 crore by way of a 1:15 rights issue, the first such issue in nearly three decades, as it steps up efforts to pare debt.
Reliance Jio on Thursday reported a 177 percent jump in fourth quarter net profit to Rs 2,331 crore. The telecom venture of billionaire Mukesh Ambani had logged a net profit of Rs 840 crore in the same quarter a year back.
Mukesh Ambani's Reliance Industries will announce its financials for the March quarter on April 30. As per reports, RIL is considering issuing equity shares to existing shareholders on a rights basis.
Mukesh Ambani's Reliance Industries Ltd and Mark Zuckerberg-founded Facebook on Wednesday announced that the US tech giant will buy a 9.99 per cent stake for $5.7 billion (Rs 43,574 crore) in India's oil-retail-telecom conglomerate Reliance Industries Limited (RIL) led Jio Platforms.
Reliance Industries (RIL) share price has zoomed in the early trade today on the back of Facebook's mega-investment worth Rs 43,574 in Jio Platforms for a 9.99 per cent stake. Jio Platforms is a wholly-owned subsidiary of Reliance Industries.
Reliance Foundation has scaled up its meal distribution programme under Mission Anna Seva to provide over 3 crore meals to marginalised and under-resourced communities across India.
Corona Striker is a new online game created to create awareness about COVID-19. Read on to know more
Bharti Airtel and Reliance Jio will continue to gain market share at the cost of Vodafone Idea''s "worsened" financial health that may deteriorate further in the wake of the AGR judgment, Axis Capital said in a note on Friday.
Reliance Industries' chief Mukesh Ambani on Monday committed a further Rs 500 crore to the Prime Minister's COVID-19 fund, topping up over the multi-crore initiative of India's first coronavirus hospital, meals to the needy, and fuel to emergency vehicles.
Reliance Jio now lets you recharge Jio number through ATM. Here is how you can conduct one
Reliance has decided to ramp up production capacity to 1 lakh masks per day, free fuel to emergency vehicles carrying Covid-19 patients and free meals in various cities to support the livelihood of those impacted by the coronavirus outbreak.
The world's biggest oil exporter Saudi Aramco has said it is focusing its downstream investments in high-growth nations such as India as it negotiates a deal to buy up to 20 per cent stake in Reliance Industries' USD 75 billion oil-to-chemical business. In its latest annual report, Aramco said it is looking at investment opportunities in high-growth markets as well as nations that rely on importing crude oil.
Reliance Jio introduces double 4G data on select prepaid plans. Here's everything you need to know.
The Anil Ambani-controlled Reliance Capital group firm Reliance Home Finance has defaulted on loan repayment of Rs 40.08 crore in February, it said in a regulatory filing on Tuesday.
Six of the 10 most valued domestic companies suffered a combined erosion of Rs 95,432.26 crore in market valuation last week, dragged down by Reliance Industries Limited (RIL) and HDFC Bank amid a bearish trend in the broader market.
The ten most valued domestic firms together lost a massive Rs 3.35 lakh crore from their market capitalization last week, as the equity markets witnessed massive sell-off amid fears of coronavirus outbreak turning into a pandemic.
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