Page 8 - Reliance Group

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

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.

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 Retail plans to launch sports format to compete with Decathlon

Reliance is in talks to lease 8,000-10,000 sq ft space across malls and high streets in top cities for the new venture. The name of the new brand has not been disclosed yet

Chinese smartphone giants seek Indian partnerships amid govt push

Vivo, Oppo, and Xiaomi are in discussions to collaborate with Indian companies for manufacturing and distributing their products in India, however, major conglomerates seem hesitant

Mcap of 9 of top-10 most valued firms jumps Rs 2.89 trn, Reliance shines

Nine of the top-10 most valued firms together added Rs 2,89,699.42 crore in market valuation last week, with Reliance Industries emerging as the biggest gainer, in line with a rally in equities. Last week, the BSE benchmark jumped 1,822.83 points or 2.36 per cent. The BSE Sensex recorded the best monthly gain in June by climbing 7.14 per cent. The Sensex breached the historic 79,000 mark on Thursday. While Reliance Industries, Tata Consultancy Services (TCS), HDFC Bank, ICICI Bank, Bharti Airtel, State Bank of India, Infosys, Hindustan Unilever and ITC were the gainers, Life Insurance Corporation of India (LIC) emerged as the laggard. The market capitalisation (mcap) of Reliance Industries jumped Rs 1,52,264.63 crore to Rs 21,18,951.20 crore. TCS added Rs 34,733.64 crore taking its valuation to Rs 14,12,845.09 crore. The mcap of ICICI Bank soared Rs 30,286.99 crore to Rs 8,44,201.88 crore and that of Bharti Airtel surged Rs 18,267.7 crore to Rs 8,22,530.35 crore. The market valu

16% RIL shareholders oppose reappointment of Aramco chairman as director

Reliance Industries' shareholders have approved the reappointment of Saudi Aramco Chairman Yasir Othman H Al-Rumayyan as an independent director on the company's board for five years but over 16 per cent voted against the proposal. In a stock exchange filing, Reliance said its shareholders through a postal ballot approved the reappointment of Al Rumayyan as well as appointment of Haigreve Khaitan as independent directors on the board. They also approved reappointment of long-time company executive P M S Prasad as a director for another 5 years. The resolution for reappointment of Al Rumayyan was carried with 83.97 per cent voting in favour of the resolution. As many as 16.02 per cent voted against it , the filing showed. Al-Rumayyan, who also heads Saudi Arabia's Public Investment Fund - among the largest sovereign wealth funds in the world, was first appointed on Reliance board in 2021 for a three-year term. His first term ends on July 18, 2024. And now he has been reappointed till

Star India-Viacom18 merger may take more time as CCI looks into details

The merger comes at a time when a FICCI-EY report revealed that the Indian media and entertainment sector grew by 8 per cent in calendar 2023, reaching Rs 2.3 trillion

Jio Financial Services launches 'JioFinance' app in beta version

Key features of the application include instant digital account opening and streamlined bank management with the "Jio Payments Bank Account" feature

Govt asks state-run oil refiners, RIL to jointly negotiate Russia oil deal

Reliance is unlikely to share sensitive information with the state oil refiners given they're competitors in the domestic fuel market

Reliance Retail Ventures plans expanding in diagnostic healthcare: Report

Company said to be considering acquiring majority stake in dedicated diagnostic services firm

Reliance Industries starts trading US oil setting Brent benchmark

LONDON (Reuters) - India's Reliance has made its first foray into trading a type of U.S. crude oil that underpins the global Brent benchmark in a process run by oil-index publisher S&P Global Commodity Insights, the publisher said.

RIL gets S&P, Fitch thumbs-up as strong earnings keep leverage in check

Reliance Industries Ltd has won a vote of confidence from global rating agencies S&P and Fitch after its robust earnings in the fiscal year ended March 31, 2024, supported its growth aspirations and kept leverage under check. S&P Global Ratings and Fitch Ratings in separate notes spoke of its EBITDA (loosely known as pre-tax profit) rising in the current fiscal year and next on rising revenue and past investments. "Reliance Industries Ltd's (RIL) strong earnings will keep leverage in check as the company continues to pursue growth ambitions. We expect the company's debt-to-EBITDA ratio to remain commensurate with the rating (BBB+/Stable/--)," S&P said in a note. The oil-to-telecom-and-retail conglomerate's growth aspirations remain intact, it said, adding the company has ramped up investments in the media business in recent months. In 2024, it entered into binding definitive agreements with The Walt Disney Co for a media joint venture in which RIL will invest Rs 11,500 ...

Ambani's Jamnagar pre-wedding bash: IAF helped manage 600+ jets in 5 days

The airfield in Jamnagar was designated an international airport for the five-day event celebrating Anant Ambani's engagement with Radhika Merchant

Tesla & Reliance may join hands for EV manufacturing plant in India: Report

Tesla has earmarked $2 billion for its forthcoming endeavours in India and has been scouting various locations, including Gujarat and Maharashtra, as potential sites for the plant

SC sets aside Rs 8,000 cr arbitral award to Anil Ambani's Reliance Infra

The Supreme Court upheld the Delhi High Court's division bench decision, citing patent illegality in the arbitral award

Reliance picks up 26% stake in Adani's Mahan Energen power project

First instance of the two biz houses collaborating

Reliance Consumer to bring Sri Lankan beverage Elephant House to India

With this tie-up, RCP adds another brand to its beverage portfolio. It already has brands such as Campa, Sosyo and Raskik

Anant Ambani's pre-wedding: 2,500 dishes, concert by Rihanna, and more

With 2,500 dishes over four meals a day, a private concert by Rihanna and Diljit Dosanjh, who's who of Bollywood, among others, the pre-wedding bash is expected to be nothing short of a spectacle

Reliance Consumer to acquire Ravalgaon Sugar confectionery brands

Reliance Consumer will acquire Ravalgaon Sugar confectionery's brands, including Coffee Break and Paan Pasand, in a Rs 27 crore deal. Ravalgaon Sugar Farm, which owns brands such as Mango Mood, Coffee Break, Tutty Fruity, Paan Pasand, Choco Cream and Supreme, has sold its trademarks, recipes, all intellectual property rights to Reliance Consumer Products Ltd (RCPL), as per a regulatory filing. In the filing, Ravalgaon Sugar Farm said its board "approved the sale, transfer and assignment of the trademarks, recipes, all intellectual property rights, including all rights, interests, and protections associated therewith, relating to the company's sugar boiled confectionery business to RCPL for a consideration of Rs 27 crore". A deed of assignment by its promoters Harshavardhan Bharat Doshi, Nihal Harshavardhan Doshi, and Lalan Ajay Kapadi has also been executed, it added. RCPL is a subsidiary of Reliance Retail Ventures Ltd (RRVL), which is the retail arm of Mukesh Ambani-led Reliance