Reliance Strategic Investments, of which he is the non-executive chairman, will be renamed Jio Financial Services Ltd, and will be listed on the bourses pursuant to a demerger scheme
Stocks to Watch today: Reliance Strategic Business Ventures Ltd (RSBVL), a wholly owned subsidiary of Reliance Industries Ltd (RIL), has acquired an additional stake in skyTran Inc for Rs 123.4 crore
The windfall taxes were imposed in July and will only be removed if the price of oil falls below $70-75 per barrel
Rishi Sunak is set to become Britain's next prime minister as his rivals quit the race, which analysts said, relieved some of the nervousness around the outlook for the UK economy
Shareholders of RIL will receive one equity share of JFS of face value Rs 10 for one fully paid-up equity share of Rs 10 held in RIL.
Bottomline misses estimates, net revenue jumps 37.3 per cent YoY to Rs 2.3 trillion; to list financial services arm
The demerged undertaking, together with the existing EPC team of RIL, will create a focused EPC undertaking to cater to the needs of the group
Reliance's revenue has jumped 34 per cent to Rs 2.33 trillion
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Thus far in the month of September, RIL's stock has shed 12 per cent, as compared to 2.7 per cent decline in the Sensex
Nowhere in sight two years ago, the energy vertical now accounts for over a fourth of RIL's $6.4 bn war chest while telecom's share in dipping and retail has clearly become a laggard
Stocks to Watch Today: NDTV open offer to start from October 17. IndiGo's co-promoter Rakesh Gangwal likely to sell up to 2.8 per cent stake in open market.
Stocks to Watch on Tuesday: DreamFloks Services to debut on Tuesday; Reliance Industries acquires majority stake in SenseHawk for $32 mn; Delta Corp in F&O ban.
Ruby, a floating production storage and offloading vessel destined for Reliance Industries Ltd's MJ deep-water oil and gas development project in KG-D6 block, has set sail from South Korea, partner BP plc's CEO Bernard Looney said. MJ is the third and last of a set of discoveries that Reliance and its partner BP of UK are developing in the eastern offshore block. The two will use a floating production system at high-sea in the Bay of Bengal to bring to production the deepest gas discovery in the KG-D6 block. "'Ruby' has just set sail for the 5000-km journey from South Korea to Kakinada, India where she'll help ramp up domestic gas production. "I've been in this industry for many (many) years but the sheer size and engineering genius of vessels like this still amazes me. A big thanks to the teams at bp and Reliance Industries Limited, for making this happen safely and efficiently," Looney wrote in a LinkedIn post. The MJ-1 gas find is located about 2,000 metres directly below the ..
Adani, TCG among key rivals in the sector
Analysts at Jefferies said Jio's approach to 5G has striking similarities to its approach to 4G with the company investing aggressively-potentially ahead of time-to create a state of art network
Experts say the partnership will give JioMart access to over 487 million WhatsApp users in India. Experts say that the total annualised active e-commerce users in the country are only 200 million.
45th Reliance AGM Meeting 2022: Reliance(RIL) will partner with Meta, Microsoft, Google and Intel for the next-generation technology. 5G will roll out in India by Diwali 2022. Read to know everything
5G, new energy, O2C, retail, FMCG among growth engines for company, says Ambani
With diverse revenue streams RIL is less impacted, while oil marketing companies have seen earnings downgrades amidst volatility in oil prices