NOT ONE BUT NINE FAKE JioMart WEBSITES: RELIANCE ASKS CUSTOMERS TO STAY ALERT

In order to capitalize on the present day situation, oil-to-telecom conglomerate Reliance Industries Limited (RIL) came up with its own e-commerce platform called JioMart. Ever since its launch, JioMart is witnessing continuous rise in its popularity and has been giving tough competition to Amazo...

RELIANCE APPOINTS FORMER IOC CHAIRMAN SANJIV SINGH AS GROUP PRESIDENT

Highlights

• According to RIL Executive Director Hital R Meswani, Sanjiv Singh will be a member of the O2C business leadership team

• Majority of RIL's future activities are dependant on its $15 billion deal with Saudi Aramco

• RIL had previously a...

SAUDI ARABIA'S PIF LIKELY TO INVEST AROUND $1 BILLION IN JIO'S FIBRE ASSETS

Highlights

• Public Investment Fund (PIF)’s rival ADIA is also holding discussions with Jio in order to invest nearly $1 billion in its pan-India fibre assets

• Both PIF and ADIA have invested a total sum of $2.2 billion in Reliance Jio Platforms

Acco...

MUKESH AMBANI'S SUCCESION PLAN REPORT NOT TRUE: RELIANCE INDUSTRIES

Highlights

• Recently there were reports that RIL Chairman Mukesh Ambani is setting up a family council 

• This decision to setup a family council is part of Reliance's succession plan stated a report

• According to a Reliance spokesperson, th...

RELIANCE: THE ONLY INDIAN NAME IN THE LIST OF TOP 100 GLOBAL COMPANIES

According to the 2020 Fortune Global 500 list that was released on August 11, India’s most valuable company led by Asia’s richest man Mukesh Ambani has made it to the list of top 100 companies in the world. Riding high on some serious investments in its telecom arm Jio Platforms, Reli...

‘THE WORK IS STILL ON' SAYS ARAMCO CEO ON RIL DEAL WORTH $15 BILLION

Highlights

• The company is still in discussions with Reliance said Aramco CEO Amir Nasser

• Reliance is planning to sell 20 percent stake in its oil-to-chemical business to Saudi Aramco

• Reliance will the NCLT and complete this deal by early 2021 sai...

SENSEX JUMPS 450 POINTS, NIFTY RECLAIMS 11,000

Highlights

• The S&P BSE Sensex is trading at 37,488.77 points, while the benchmark Nifty50 is at 11,042.25 levels

• Reliance Industries Limited, ITC, ONGC, Maruti Suzuki and Asian Paints were the top Sensex gainers in the first trading session on Tuesday

SCRAP 2G TELECOM SERVICES SAYS MUKESH AMBANI

Highlights

• Reliance Jio has already started working towards development of its 5G network services

• These statement was given by Mukesh Ambani while speaking at the Desh Ki Digital Udaan

• Reliance is the only Indian telecom operator which doesn&rsq...

RIL POSTS PROFIT OF RS 13,233 CRORE IN Q1: WITNESSES JUMP OF 31% YoY

Highlights

• In the Q1 of FY20, Reliance Industries Limited managed to bring down the total expenditure by 42 percent YoY

• According to the statement given by RIL Chairman, MD Mukesh Ambani, the COVID-19 lockdown has impacted company’s hydrocarbon business

QATAR INVESTMENT AUTHORITY (QIA) LIKELY TO INVEST $1.5 BILLION IN JioFiber

Highlights

• As per the reports, RIL is planning to make Jio become an asset-light company and save significantly on all the costs

• Qatar Investment Authority may invest $1.5 to 2 billion in RIL's Jio Fiber business

• Reliance has hired Citigroup ...

DOMESTIC STOCKS VOLATILE: SENSEX AT 38,450, NIFTY BELOW 11,300

Highlights

• The S&P BSE Sensex is trading at 38,395.92, while the benchmark NSE Nifty50 is at 11,282.30 points

• IndusInd Bank was trading 7 percent higher riding high on its approval to raise Rs 3,288 crore through preferential issue of the fully paid-up shares...

RIL PLANNING TO ACQUIRE FUTURE GROUP’S RETAIL BIZ FOR RS 27,000 CRORE

Highlights

• According to the reports, five listed entities that will be merged into Future Enterprises Ltd (FEL) are Future Retail Ltd, Future Consumer, Future Lifestyle Fashions, Future Supply Chain and Future Market Networks

• Reliance Industries Limited will be a...

WITH M-CAP OF $173 BILLION, MUKESH AMBANI'S RIL IN THE LIST OF 50 MOST VALUED COMPANIES

Highlights

• Reliance Industries Limited managed to displace Oracle Corporation, that has m-cap of $171.9 billion

• On Thursday’s trading shares of RIL went up by 2.3 percent to hit an intra-day high of Rs 2,050

• Reliance has been immensely bene...

JIO GLASS: A RIL PRODUCT DEVELOPED BY AN IIT-KOZHIKODE STARTUP

Highlights

• Jio Glass is developed by Tesseract, a starup founded by Kshitij Marwah that was acquired by RIL in 2019

• Reliance's announcement of its own 5G will immensely help Jio Glass and Tesseract

• Jio Glass was launched by Isha Ambani Pirama...

RELIANCE WILL ENSURE COVID-19 VACCINE REACHES EVERY PART OF THE COUNTRY: NITA AMBANI

Highlights

• Reliance Foundation will soon join hands with the government to conduct rapid mass-scale testing for COVID-19 said Nita Ambani

• Nita Ambani said the Reliance Foundation has changed lives of 30 million people in last 10 years

• Reliance Fo...

INDICES TACKLE VOLATILE TRADING: SENSEX JUMPS 200 POINTS, NIFTY AT 10,700

Highlights

• The S&P BSE Sensex is trading at 36,296.41 and the benchmark Nifty50 was at 10,675.40 levels

• Infosys, HCL, Tech Mahindra and TCS were the top Sensex gainers in the morning session

• Total 22 companies including Cyient and Bajaj Consu...

SENSEX JUMPS 600 POINTS, NIFTY RECLAIMS 10,800

Highlights

• The S&P BSE Sensex is trading at 36,758.29, while the benchmark Nifty50 is at 10,816.30 levels

• Wipro gained 15 percent after posting better than expected numbers and its decision of not laying-off any of its employees

• Total 53 comp...

NOT LARRY PAGE BUT MUKESH AMBANI IS THE 6TH RICHEST MAN IN THE WORLD

Highlights

• According to the Bloomberg Billionaires Index, the real-time net worth of Mukesh Ambani is $72.4 billion.

• The flurry of investments witnessed by Reliance Jio Platforms has immensely benefited the wealth of Mukesh Ambani as owns stake of 42 percent in R...

SENSEX JUMPS 350 POINTS: RIL, TECH MAHINDRA TOP GAINERS

Highlights

• The S&P BSE Sensex is trading at 36,870.31 points, while the benchmark Nifty50 index was at 10,844.70 points

• Reliance Industries Limited (RIL), Tata Steel and Tech Mahindra were the top Sensex gainers in the morning session with growth of 3 percent...

ASIA’S RICHEST MAN MUKESH AMBANI IS NOW OFFICIALLY RICHER THAN WARREN BUFFETT

Highlights

• According to the latest Bloomberg Billionaires Index, the head honcho of Reliance Industries Limited is now worth $68.3 billion, while the 89-year old Warren Buffett is worth $67.9 billion

• Warren Buffett, the man also known as the Oracle of Omaha had r...