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...

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

SENSEX TRADES OVER 31,000, NIFTY NEARS 9,150

Highlights

• Reliance Industries' Reliance Industries Limited- Rights Entitlement saw a decline of 5.89 percent after making successful debut yesterday 

• After overnight rally of global equities and crude oil, Asian markets made moderate amount of gains

JIO PLATFORM - FACEBOOK DEAL: FB GETS 9.99% STAKE IN JIO PLATFORM

Highlights:

• Jio platforms and Facebook enters a binding agreement
• Facebook invests $5.7 million in Jio Platform
• FB gains a 9.99% stake in Jio platform

Social media mogul Mark Zuckerberg's Facebook has decided to invest in Jio platforms...