Reliance Jio Q3 net profit rises 15.5 per cent to Rs 3,489 crore
Business | January 22, 2021 20:58 ISTJio Platforms, which provides digital and telecom services, had posted a net profit of Rs 3,020 crore in the previous quarter.
Jio Platforms, which provides digital and telecom services, had posted a net profit of Rs 3,020 crore in the previous quarter.
Amazon had written several letters to the SEBI and other regulatory agencies to suspend their review of the deal and not grant it a no objection certification on ground that its challenge to the agreement was before the Delhi High Court.
Mukesh Ambani-led Reliance Industries leads among the local enterprises with a 20.5 per cent jump in valuation to USD 168.8 billion as of December 1 and is ranked 54th globally, as per the list.
RIL had formed an equal joint venture with IMG Worldwide, an international sports marketing and management company, in 2010 to develop, market and manage sports and entertainment in India.
Kishore Biyani-led Future Retail Ltd (FRL) on Monday said it is “reviewing” the Delhi High Court order that has rejected its plea to restrain Amazon from writing to regulatory authorities about the SIAC arbitral order against its asset sale under a Rs 24,713 crore deal with Reliance.
Shares of Reliance Industries Limited on Tuesday rose nearly 2 per cent after Mukesh Ambani hinted at rolling out 5G telecom services in the second half of 2021.
The National Company Law Tribunal on Thursday approved a resolution plan of Reliance Infratel following which lenders may get around Rs 4,400 crore and Reliance Jio may pick up the assets of the debt-ridden telecom infrastructure company, according to sources.
Reliance Industries has invested USD 50 million in Breakthrough Energy Ventures, a climate change company owned by Microsoft co-founder Bill Gates.
The Competition Commission of India (CCI) on Wednesday said it has approved internet major Google's proposed purchase of 7.73 per cent stake in Jio Platforms.
Reliance Digital has stepped forward this Diwali in order to offer deals on a wide range of electronics. Here's all you need to know.
Billionaire Mukesh Ambani-run Reliance Industries Ltd's retail arm on Thursday raised Rs 9,555 crore from Public Investment Fund (PIF) of Saudi Arabia, taking total fundraise in the last two months to Rs 47,265 crore.
Billionaire Mukesh Ambani's Reliance Industries Ltd on Friday reported a 15 per cent drop in second quarter net profit after the pandemic-hit oil demand dragged down continued good showing in consumer-facing businesses such as telecom.
Kishore Biyani-led Future Retail on Monday hinted at challenging an arbitration order that put a temporary hold on its Rs 24,713 crore deal to sell assets to Reliance Industries.
Amazon on Sunday won an interim award against its partner Future group selling retail business to Reliance Industries Ltd for Rs 24,713 crore after a Singapore-based single judge arbitration panel put the deal on hold.
The firm is also offering an advance 30 per cent of the variable pay from the next year's salary to its lakh-plus employees as a goodwill gesture for working during the pandemic, two persons familiar with the matter said.
Amid the Covid-19 pandemic which hit India hard and led to a sharp economic contraction, half of the nation's 100 richest on the 2020 Forbes India Rich List saw gains. Their collective net worth rose 14 per cent to $517.5 billion from a year earlier, even as the benchmark BSE Sensex stock index remained flat from a year ago.
Shares of Reliance Industries Ltd on Wednesday gained over 4 per cent after Reliance Retail Ventures Ltd raised Rs 5,512.50 crore from Abu Dhabi Investment Authority (ADIA).
Reliance Retail Ventures Ltd, run by India's richest man Mukesh Ambani, on Tuesday raised Rs 5,512.50 crore from Abu Dhabi Investment Authority (ADIA), taking the total fundraise to Rs 37,710 crore in less than four weeks.
Tata Consultancy Services (TCS) has become the second Indian firm to attain a market valuation of over Rs 10 lakh crore.
Singapore investment company GIC will invest ₹5512.5 crore in Reliance Retail Ventures Limited (RRVL). The sixth and the latest investment in recent weeks comes -- in exchange for 1.22 percent stake values Reliance Retail Ventures at a pre-money equity value of ₹4.285 lakh crore.
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