Page 5 - Reliance Group

Reliance Consumer's Campa partners with JioStar as co-sponsor of IPL 2025

Reliance Consumer Products said this partnership will help expand Campa's brand presence across Star Sports Network

Reliance Consumer Products acquires Velvette, strengthens FMCG portfolio

This strategic acquisition, which entails acquiring the perpetual licence of Velvette, aligns with Reliance's ongoing commitment to building a futuristic business with a solid foundation

Reliance acquires Velvette, the FMCG brand behind the sachet revolution

This acquisition aligns with Reliance's approach of combining tradition with new opportunities to ensure Indian brands grow in the market

Nita Ambani to address Annual India Conference 2025 at Harvard University

On February 15 and 16, Nita Ambani will deliver the keynote presentation at Harvard University's Annual India Conference. She will discuss India's customs and economic impact in her speech

Surrey confirms deal with Reliance, keeps 51% stake in Oval Invincibles

Surrey County Cricket Club (SCCC) has confirmed its deal with Reliance but said it will continue to retain majority stake of 51 percent in the Oval Invincibles. Reliance Industries Limited (RIL) owners of Mumbai Indians (MI) through its subsidiary, RISE Worldwide, bought 49 per cent stake in The Hundred team for 60m. "R1SE will have a 49 per cent share of the Hundred team, with Surrey retaining the majority 51 per cent," SCCC said in a statement. "The Club hopes to benefit from Mumbai Indians' vast experience and proven success, fresh off lifting yet another league title in South Africa over the weekend, to further strengthen and maintain the team's position as the leading franchise in the competition." The Oval Invincibles have established themselves as a dominant force in The Hundred, securing four titles in as many years. The women's team achieved back-to-back championships in the first two seasons, and the men's team mirrored that success by claiming titles in 2023 and ...

Ambani's Reliance Retail brings Shein back to India after 2020 app ban

Shein India Fast Fashion app represents a departure from Reliance's strategy of adding brands to its flagship fashion app Ajio - whose offering includes Superdry and Gap

4 most valued firms lose Rs 1.25 trn in mcap, Reliance biggest laggard

The combined market valuation of four of the top 10 valued firms declined by Rs 1,25,397.45 crore last week, with Reliance Industries taking the biggest hit, in line with weak investors' sentiment at Dalal Street. Last week, the BSE benchmark index declined by 428.87 points or 0.55 per cent, and the Nifty dipped 111 points or 0.47 per cent. "It was another tough week for the Bulls, as the Nifty ended in the red for the third consecutive week. Despite favourable conditions for a comeback, the bulls failed to capitalize on them," Santosh Meena, Head of Research, Swastika Investmart Ltd, said. The market valuation of Reliance Industries slumped by Rs 74,969.35 crore to Rs 16,85,998.34 crore. The valuation of Life Insurance Corporation of India (LICI) eroded by Rs 21,251.99 crore to Rs 5,19,472.06 crore. State Bank of India's valuation diminished by Rs 17,626.13 crore to Rs 6,64,304.09 crore and that of ICICI Bank tumbled Rs 11,549.98 crore to Rs 8,53,945.19 crore. On the other hand,

UBS Group buys shares of 29 firms including Reliance for Rs 1,938 cr

Swiss investment bank UBS Group on Friday bought shares of 29 companies, including Fortis Healthcare, Max Financial Services, Reliance Industries, Blue Star and Hyundai Motor India, for Rs 1,938 crore through open market transactions. According to the block deal data available on the National Stock Exchange (NSE), UBS AG purchased shares of Fortis Healthcare worth Rs 164 crore, bought shares of Max Financial Services for Rs 144 crore, and of Reliance Industries for Rs 138 crore. Additionally, UBS also picked up shares of Blue Star for Rs 120 crore and acquired shares of Hyundai Motor India for Rs 103 crore. The Swiss multinational also picked up shares in companies including One97 Communications, Zomato, Tata Consultancy Services and others. The shares were acquired at a combined transaction value of Rs 1,937.71 crore. Meanwhile, UBS Group's affiliate UBS Principal Capital Asia Ltd offloaded the same number of shares of 29 companies at the same price. Shares of Fortis Healthcare

India's AI push: Reliance to build world's largest data centre in Jamnagar

Reliance Industries, in partnership with Nvidia, plans to build the world's largest AI data centre in Gujarat, marking a milestone in India's AI journey and digital infrastructure growth

Reliance Consumer Products acquires SIL brand to revitalise heritage foods

SIL Foods is expected to benefit from RCPL's infrastructure and pan-India presence

Reliance Consumer acquires SIL, gears up to challenge HUL, Tata in FMCG

Reliance Consumer Products is acquiring SIL's brands from Food Service India to strengthen its presence and directly compete with industry giants like HUL and Cremica

Reliance Industries signs MoU to invest Rs 645 cr in Vadhvan port project

The MoU was signed in the presence of the Union Minister of Ports, Shipping, and Waterways, Sarbananda Sonowal

Reliance Industries focuses on cost control in O2C segment in Q3FY25

Fuel discounts, ditching low-margin products underway, says company

Reliance Jio Q3FY25 results: Net profit jumps 24% to Rs 6,477 crore

Reliance Jio, India's largest telecom operator, on Thursday reported a 24 per cent jump in its October-December quarter net profit as average per-user revenue rose largely due to tariff hike. Its standalone net profit of Rs 6,477 crore in October-December 2024 compared to Rs 5,208 crore in the same period a year back and Rs 6,231 crore in the preceding July-September 2024 quarter, according to a stock exchange filing by the company. Jio's revenue from operations was up at Rs 29,307 crore from Rs 25,368 crore in October-December 2023.

Reliance takes Campa Cola to Gulf markets, sets sights on Africa next

Reliance launches Campa Cola in the Middle East, challenging Coke and Pepsi with competitive pricing, local partnerships, and plans for further expansion into Asia and Africa

Reliance's first-ever refinery at Jamnagar completes 25 yrs of operations

When Reliance founder chairman Dhirubhai Ambani wanted to pursue his long-cherished dream of setting up a refinery, he was offered land in the barren and desolate region off Jamnagar

RIL acquires healthcare startup Karkinos for Rs 375 cr in all-cash deal

Billionaire Mukesh Ambani's Reliance Industries has acquired technology-driven and oncology-focused healthcare platform Karkinos for Rs 375 crore, the firm said on Saturday. Reliance Strategic Business Ventures (RSBVL), a wholly-owned subsidiary of Mumbai-listed India's most valuable company, completed the acquisition of Karkinos Healthcare Pvt Ltd with allotment of requisite shares, the firm said in a stock exchange filing. Karkinos was incorporated in India on July 24, 2020, and is in the business of providing technology-driven innovative solutions for the early detection, diagnosis, and management of cancer. It had a turnover of about Rs 22 crore in the 2022-23 fiscal. "Reliance Strategic Business Ventures Ltd has on December 27, 2024, subscribed to and has been allotted 1 crore equity shares of Rs 10 each, for cash, aggregating Rs 10 crore and 36.5 crore optionally fully convertible debentures of Rs 10 each, for cash, aggregating Rs 365 crore of Karkinos," according to the ...

Reliance Nippon Life in talks with IndusInd Bank on bancassurance tie up

Reliance Nippon Life Insurance, a subsidiary of debt-ridden Reliance Capital (RCAP), has initiated talks with IndusInd Bank for bancassurance partnership as the IIHL and RCAP deal has reached the final lap. Mauritius-based IndusInd International Holdings Ltd (IIHL), the parent entity of IndusInd Bank, won the bid to acquire RCAP and entities under it. "IIHL and Japan-based Nippon Life have struck a good understanding and they are absolutely clear about promoting the insurance business. This augurs very well for the business and policyholders as IIHL has a very strong capital base and a solid global aspiration in BFSI space," Reliance Nippon Life Insurance CEO Ashish Vohra told PTI. Hinduja Group company IIHL is expecting to complete the acquisition of RCAP by next month nearly a year after the National Company Law Tribunal (NCLT) approved its rescue plan. "Bancassurance was a missing link in our structure and we have started exploring the possibility with IndusInd Bank and we are .

Mukesh Ambani names Ira Bindra as Group President for RIL human resources

Mukesh Ambani, the richest Asian, has announced the appointment of Ira Bindra as the new Group President of entire people, leadership and talent piece at Reliance Industries Ltd as he looks to pivot people policies at the oil-to-telecom conglomerate. Normally, its functional heads who make announcements on talent hiring at senior level and Bindra is the first in recent times whose appointment has been announced by Ambani, chairman and managing director of Reliance, himself. She has been hired to drive transformation across the entire organisation. With her appointment, HR transformation at an unprecedented level is expected at Reliance. "Bindra joins us from Medtronic, USA, where she was the Head of Human Resources & Vice President - Global Regions," Ambani said in an internal organisation announcement. Bindra, 47, will be the first non-family woman and the youngest to be on the all-powerful Executive Committee of the group. As Group President - People and Talent at Reliance, she

Reliance, ReNew, others submit bids under green hydrogen transition scheme

As many as 14 firms, including Reliance Green Hydrogen and Green Chemicals, ReNew E-Fuels, Waaree Clean Energy Solution, and Avaada Green H2 have submitted bids under the green hydrogen transition scheme. The maximum benefits available under the Strategic Interventions for Green Hydrogen Transition (SIGHT) Scheme (Mode-1-Tranche-II) is Rs 5,400 crore. According to a statement by the bid coordinator, Solar Energy Corporation of India (SECI), the technical bids for incentives for green hydrogen production capacity of about 4,50,000 tonnes under the second tranche of the scheme was opened on Monday. The scheme provides for maximum benefit of Rs 50 per kg in the first year, Rs 40 per kg in the second year, and Rs 30 per kg in third year. Thus, the maximum benefit available under the Tranche II is about Rs 5,400 crore. Under the bucket I, the SECI received bids for 6,20,000 tones against the available capacity of 4,50,000 tonnes. Similarly, under the bucket II, bids for 6,500 tonnes we