Page 115 - Reliance Industries

The next online tonic: E-majors, corporate giants eye e-pharmacy business

Amazon, Reliance recently announced their foray into e-pharma sector

RIL raises $1.4 bn in overseas debt to prepay Reliance Holding's loans

14 banks signed up for a deal last week that will give RIL the distinction of raising the highest debt from international lenders by an Indian firm

RIL's multi-billion-dollar deals help Morgan Stanley top M&A league table

The US-based bank has advised 25 transactions with values touching as much as $28 bn; BoFA is second in the chart

NCLT Mumbai approves RIL arm's resolution plan for Reliance Infratel

The National Company Law Tribunal (NCLT) has approved a resolution plan for Reliance Infratel submitted by a group entity of Reliance Industries, according to a regulatory filing. "... the resolution plan submitted by Infrastructure Projects - a division of Reliance Projects & Property Management Services Limited, a wholly owned subsidiary of Reliance Industries Limited, for the resolution of Reliance Infratel Limited, under the corporate insolvency resolution process of the Insolvency and Bankruptcy Code 2016, has been approved by the Hon'ble National Company Law Tribunal... Mumbai bench vide its Order dated December 3, 2020," RIL said in a late evening filing on Friday. Reliance Communications' telecom infrastructure arm Reliance Infratel has around 43,000 towers and 1,72,000 route kilometres of fiber. Lenders are expected to get around Rs 4,400 crore from the resolution process, sources had earlier said. The resolution plan was approved by 100 per cent votes of the committee of

Future-Reliance deal: Regulator Sebi awaits clarification before go-ahead

In August, Reliance Industries announced acquisition of Future Group for Rs 24,713 crore to bolster its fast growing retail business.

Is Reliance Industries' stock consolidating ahead of its next big up move?

The next positive catalyst may be a sharp refining margin recovery, which is more of a H2CY21 story, says JP Morgan

Reliance Industries tops Fortune India-500 list second year in a row

Accounts for 7 per cent of cumulative revenues, 11 per cent of profits; ICICI Bank, L&T make it to top 10

Top headlines: Govt bans local lockdowns, HDFC Bank m-cap hits Rs 8-trn

HDFC Bank became the first bank in the Indian history to cross the Rs 8-trillion, Union Cabinet nod to LVB merger with DBS, and more top headlines of the day

How the RIL-Amazon arbitration battle could take a toll on the govt too

Questions thrown up by the case are salient to decide what sort of money India gets from world markets

Reliance Industries seeks LNG cargo for December delivery: Report

The company is seeking the cargo for delivery into Hazira terminal

Buying jewel in the crown: BPCL a revenue churner, not a drain on finances

Unlike Air India, the winning bidder for BPCL can easily bank on this revenue churner to recover the cost of acquisition

Future group shares, RIL gain after CCI nod for Reliance Retail deal

Future Retail and Future Lifestyle Fashions were locked in 10 per cent upper circuit at Rs 79 and Rs 90.30, respectively, on the BSE

Five of top-10 firms lose Rs 1,07,160 crore in m-cap; RIL top laggard

Reliance Industries (RIL) emerged as the biggest loser

Keep 'East India Company' rhetoric aside, Amazon invested $6.5 bn: Lawyer

The legal counsel of Amazon told the court that it had introduced Samara, an investor to Future and the term sheet was offered to solve its problems

CCI gives nod to Reliance-Future deal amid legal battle with Amazon

The two players have said that they will go ahead with the regulatory process despite Amazon's objections

Do I have to ask Amazon sitting in US for deal with RIL, asks Future Retail

Future Retail which was represented by senior advocate Harish Salve told the court Future Retail does not need to seek permission from Amazon for any investments as it does not have any rights

Telecom to oil firms: Q2 results give no clear sign of broad revival

The economy is on the mend but sustained recovery will take time: that's the picture you get by studying the July-September quarter results of 1,286 listed companies. Devangshu Datta reads the numbers

Covid-19 blues, funding crunch, made Urban Ladder do a fire sale to RIL

Urban Ladder was valued at around Rs 1,200 crore in 2019 and this dropped to about Rs 750 crore in 2019

Indices end at yet another peak, Sensex up 315 pts; BSE Midcap outperforms

All that happened in the markets today

BPCL disinvestment gets going with multiple EOIs, Reliance stays away

Aramco also not in fray; actual number bids not revealed but sources say three of four have been received