Page 8 - Reliance Group
Anil Ambani's co partners DHI to set up 1.2 GW solar, hydro power in Bhutan
Partnership marks the group's maiden foreign venture
 "Anil Ambani's co partners DHI to set up 1.2 GW solar, hydro power in Bhutan")
Rel Infra to consider raising long-term capital; board meeting on Sept 19
The company had previously raised Rs 550 crore by issuing shares on a preferential basis in July 2021
 "Rel Infra to consider raising long-term capital; board meeting on Sept 19")
Corporate India's big six boost profits, struggle with flat job growth
India's top six corporate firms saw their employee headcount growth stagnate at -0.2 per cent, with numbers dropping from 1.74 million in FY23 to 1.73 million in FY24
 "Corporate India's big six boost profits, struggle with flat job growth")
Indian cos raise $6 bn from private credit in first-half 2024: EY report
Real estate, healthcare firms push private credit deals to record high
 "Indian cos raise $6 bn from private credit in first-half 2024: EY report")
Reliance partners with Israeli firm Delta Galil, to rival Page in innerwear
Delta Galil, renowned globally for its premium innerwear brands, will introduce its international portfolio to India, collaborating with Reliance to design and manufacture lingerie products
 "Reliance partners with Israeli firm Delta Galil, to rival Page in innerwear")
Reliance to invest Rs 3,900 crore in FMCG arm to boost market position
Reliance plans to invest Rs 3,900 crore in its fast-moving consumer goods division, aiming to capture a larger share of the Indian FMCG sector, projected to exceed $1.4 trillion by 2027
 "Reliance to invest Rs 3,900 crore in FMCG arm to boost market position")
Reliance Industries wins bid for govt incentives to make EV batteries
The oil-to-telecom conglomerate beat six other competitors, which included units of battery maker Amara Raja Energy and Mobility and power producer JSW Energy
 "Reliance Industries wins bid for govt incentives to make EV batteries")
Newly merged Star India-Viacom18 to boast cash reserves of over Rs 19K cr
The newly merged Star India-Viacom18 will have over Rs 19,000 crore in cash reserves, enabling the company to invest in its digital and sports sectors, which may face short-term losses
 "Newly merged Star India-Viacom18 to boast cash reserves of over Rs 19K cr")
Reliance announces green energy-powered data centres for AI in Jamnagar
During the Reliance AGM, Mukesh Ambani said that under Reliance Jio's 'AI everywhere for everyone' vision is aimed offering AI and related services to Indians at affordable rates
 "Reliance announces green energy-powered data centres for AI in Jamnagar")
'Not in the business of hoarding wealth': Mukesh Ambani addresses 47th AGM
Reliance Industries Chairman Mukesh Ambani addressed the 47th Annual General Meeting, in which he reiterated the company's commitment to the nation's growth
 "'Not in the business of hoarding wealth': Mukesh Ambani addresses 47th AGM")
Sebi ban on Anil Ambani, and his Reliance Group's many troubles: A timeline
Once ranked sixth-richest person in the world in 2008, Anil Ambani has faced numerous legal and financial hurdles, leading him to announce bankruptcy in a UK court in 2020
 "Sebi ban on Anil Ambani, and his Reliance Group's many troubles: A timeline")
Anil Ambani reviewing securities market ban, to take appropriate steps
No action against us, clarify Rel Infra, Rel Power
 "Anil Ambani reviewing securities market ban, to take appropriate steps")
Disney-Reliance offer concessions for merger, but no cricket rights sale
Reliance-Disney are aiming to create India's biggest entertainment player which will compete with Sony, Netflix and Amazon
 "Disney-Reliance offer concessions for merger, but no cricket rights sale")
Cricket likely to play spoilsport in Walt Disney-Reliance merger
Will the creation of India's largest media firm help fight the tech-media majors or simply birth a new monopoly?
 "Cricket likely to play spoilsport in Walt Disney-Reliance merger")
Disney-Reliance may need to dilute cricket dominance to seal merger deal
According to seven antitrust lawyers, to keep the deal alive the companies will now have to come up with structural changes to their arrangement or so-called behavioural remedies
Retail sector slashes 26,000 jobs due to falling demand, expansion halt
The reduction was primarily driven due to Reliance, Titan, Raymond, Page, and Spencers, which cut 52,000 jobs, or 17% of their workforce
 "Retail sector slashes 26,000 jobs due to falling demand, expansion halt")
Reliance, Disney to offer concessions to win antitrust nod for merger
Antitrust experts have warned that the Reliance-Disney merger, announced in February, could face intense scrutiny as it will create India's biggest entertainment player
 "Reliance, Disney to offer concessions to win antitrust nod for merger")
Over half of Reliance employees under 30, women make up 21% of workforce
Reliance's total employee count stands at 347,362, of which 74,317 are women. Among the new joinees during FY24, a total of 41,092 were women
 "Over half of Reliance employees under 30, women make up 21% of workforce")
This Reliance group stock has rallied 52% in 9 days; zoomed 120% in 5 weeks
Shares of Lotus Chocolate Company were locked in the upper circuit for the eight straight trading day, up 5 per cent at Rs 1,035 on the BSE as of 12:14 pm on Monday.
 "This Reliance group stock has rallied 52% in 9 days; zoomed 120% in 5 weeks")
Reliance Jio prepares for IPO in 2025 at $112 billion valuation: Jefferies
Jefferies said Jio might debut with a valuation around $112 billion, potentially contributing a 7%-15% increase in the share price of Reliance Industries
 "Reliance Jio prepares for IPO in 2025 at $112 billion valuation: Jefferies")