Page 57 - Mukesh Ambani

RIL fixes May 14 as record date for rights issue. Should you subscribe?

Most brokerages expect the company to do well over the coming quarters and peg the target price for the stock higher than its current market price. Subscribing to the issue makes sense, they say

Reliance fixes May 14 as record date for rights issue of Rs 53,125 crore

Mukesh Ambani's firm had on April 30 announced fundraising of Rs 53,125 crore by way of a 1:15 rights issue, the first such issue by RIL in nearly three decades

Saudi, US companies also eyeing stakes in Reliance's Jio Platforms

The deal could be completed as soon as this month, though no agreement has been finalised and plans may change

Reliance Industries considers sale of $989-million Asian Paints stake

The company controlled by Mukesh Ambani, is in discussions with banks for a potential sale of its 4.9 per cent stake in Asian Paints through a series of block trades

Silver Lake checks into Jio Platforms, snaps up 1.15% for over Rs 5,600 cr

Investment will help RIL pare debt, improve valuation

RIL bonds advance after Mukesh Ambani hastens debt-reduction plan

The conglomerate's 3.667% bonds due 2027 rose 0.4 cents on the dollar to 100.28 as of 9:10 am IST, the highest level since March 13

India business most affected due to Covid-19 outbreak, says Amazon

"The current crisis is demonstrating the adaptability and durability of Amazon's business as never before, but it's also the hardest time we have ever faced," said Jeff Bezos, Amazon founder and CEO.

RIL aims to raise Rs 53,125 crore through India's biggest rights issue

The Rs 53,125 crore issue to cut net debt by a third; along with Facebook and BP deals, company to raise Rs 1.04 trillion

After Facebook, RIL in talks with other global investors for similar deal

Earlier, there have been reports of Reliance talking to Google

Reliance Jio reports 127% jump in profit before tax to Rs 2,931 crore in Q4

At the net profit level, aided by lower interest costs, the company recorded a growth of 73 per cent on a sequential basis and nearly trebled over the year-ago period.

TCS snatches most-profitable tag from Reliance Industries after 6 years

The Mukesh Ambani-controlled conglomerate, however, remains miles ahead of TCS in other financial parameters such as total revenue, operating profit, net worth, assets, and m-cap.

RIL oil unit staff face big pay cuts; Ambani to forgo entire year's salary

His company will cut 10 per cent from hydrocarbons segment employees who earn above Rs 15 lakh per annum.

Reliance Retail posts 33% rise in Ebitda, revenue grows at 4.2% in Q4 FY20

Its revenues for FY20 grew by 24.8 per cent on a yearly basis to Rs 62,936 crore. Ebitda for FY20 grew by 56 per cent y-o-y to Rs 9,654 crore.

The Reliance game plan

The Facebook investment is a high-stakes gambit with dual possibilities

Mukesh Ambani needs to balance the ship; rights issue not very attractive

Mukesh Ambani needs to balance the ship now; RIL rights issue unattractive

RIL announces salary cuts; Mukesh Ambani to forgo entire compensation

These pay cuts would apply only to the employees in Reliance's hydrocarbon division and earning more than Rs 15 lakh a year; those earning less would not be impacted

Target zero net debt? RIL board to consider rights issue on April 30

Results, dividend, issue of shares to existing shareholders on Thursday meeting's agenda

Reliance begins using WhatsApp for grocery deliveries through JioMart

The Facebook deal will help Ambani set up a digital platform to take on Amazon and Walmart's Flipkart in an e-commerce market

Reliance Jio connects with Facebook for $5.7-billion equity deal

Investment values Jio Platforms at Rs 4.36 trn; US giant gets 9.99% stake, board seat; collaboration is non-exclusive

Best of BS Opinion: War with the virus, Jio-Facebook deal, and more

Here's a selection of Business Standard opinion pieces of the day