TELECOM MINISTRY APPROVES Brookfield’s $3.4 BILLION PURCHASE OF RELIANCE TELECOM TOWER ASSETS

Highlights

• The Union Finance Ministry, Union Home Ministry and the Reserve Bank of India (RBI) had previously given their approval in the month of July

• According to the statement given by Mukesh Ambani in July, 2019, the proceedings of this deal will be utilized ...

‘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...

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

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...

WITH JioMart, RELIANCE SET TO BATTLE DIRECTLY WITH AMAZON AND WALMART

After witnessing some historic investments and making it to the list of world's top 10 richest people, Asia’s richest man is now looking forward to rule the e-commerce sector across the globe. With JioMart, Reliance is directly battling with Jeff Bezos’ Amazon and the biggest reta...

HERE IS HOW FACEBOOK HELPED RELIANCE TO REMOVE THE TAG OF OIL CONGLOMERATE

Highlights

• Facebook invested $5.7 billion in Reliance Jio Platforms Ltd. for the stake of 9.9 % 

• Following Facebook, total 12 companies decided to invest millions in Jio Platforms and helped Reliance Industries Limited become net-debt free

• R...

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...

QUALCOMM INC: RELIANCE JIO PLATFORMS’ THIRTEENTH INVESTOR

Highlights

• Qualcomm Inc will invest Rs 730 crore in Jio Platforms for the stake of 0.15 percent

• Reliance Industries Limited has now sold 25.34 stake in Jio Platforms for Rs 118,318.45 crore

• Qualcomm is the third strategic investor after Facbook a...

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...

AFTER JIO PLATFORMS, ABU DHABI-BASED ADIA PLANS TO INVEST $1 BILLION IN RIL'S InvIT-JIO DIGITAL FIBRE

Highlights

• ADIA is planning to invest nearly Rs 75,000 crore in InvIT for the stake of around 25 percent

• ADIA, the investment company that holds assets estimated worth $700 billion had previously invested Rs 5,683.50 crore in Jio Platforms

• In the...

MUKESH AMBANI'S RIL MARKET VALUATION RACES PAST RS 11.5 LAKH CRORE MARK

Highlights

• The stocks of Reliance Industries Limited went up by 2.55 percent to a record high of Rs 1,833.10

• The market valuation of Reliance Industries Limited is Rs 11,59,318.60 crore

• Intel Capital became 11th company to invest funds in Relianc...

INTEL CAPITAL: RELIANCE JIO PLATFORMS' 11TH INVESTOR

Highlights

• Intel Capital will invest Rs 1,894.50 crore in Jio Platforms for an equity stake of 0.39 percent

• Jio Platforms has managed to raise capital worth Rs 117,588.45 crore by selling 25.09 percent stake

• The Chairman and Managing Director of ...

SENSEX SURPASSES 36,000-MARK, NIFTY AT 10,600

Highlights

• The S&P BSE Sensex is trading at 35,993 points, while the benchmark Nifty50 index is at 10,599.35 points

• Bajaj Auto and Bharti Airtel were top Sensex gainers with growth of 2 percent each

• Global investment firm KKR is all set to pu...

RELIANCE GOES DIGITAL, FIRST VIRTUAL AGM ON JULY 15

Highlights

• In its regulatory filing, RIL stated that its 43rd annual general meeting is scheduled on Wednesday, July 15 2020 at 2:00 p.m.

• The Ministry of Corporate Affairs (MCA) has allowed AGMs through video conferencing only

• Previously, Tata Co...

MUKESH AMBANI'S RIL IS THE FIRST INDIAN COMPANY TO HAVE MARKET VALUATION OF $150 BILLION

Highlights

• In Indian currency, the valuation of Reliance is more than Rs 11 lakh crore

• The stocks of RIL have been heavily boosted by the announcement of RIL becoming net-debt free and Mukesh Ambani jumping to the ninth spot in the list of World’s top 10 ri...

ASIA’S RICHEST MAN MUKESH AMBANI IN THE LIST OF WORLD’S 10 RICHEST

Highlights

• Mukesh Ambani went past Oracle Corporation's Larry Ellison and France’s Francoise Bettencourt Meyer to claim the No. 9 spot

• At present, Mukesh Ambani's net worth stands at $64.5 billion

• The investment spree witnessed by R...

‘RELIANCE IS NOW NET DEBT-FREE’ SAYS MUKESH AMBANI

Highlights

• Reliance Industries Limited has raised funds worth Rs 1.69 lakh crore in just eight weeks

• Mukesh Ambani said the target of making Reliance net debt-free is achieved before time and is even more remarkable as it has been achieved during the pandemic

SAUDI ARABIA’S PIF TO INVEST $1.5 BILLION IN RELIANCE JIO PLATFORMS?

Highlights

• Jio Platforms has already raised funds worth Rs 1.04 lakh crore in the time span of just eight weeks

• According to the sources, Saudi Arabia’s PIF will invest $1.5 billion for the stake of 2.33 percent

• After this deal, Reliance Ji...

TPG CAPITAL TO INVEST RS 4,546.80 CRORE IN RELIANCE JIO

Highlights

• TPG Capital will be investing Rs 4,546.80 crore for the stake of 0.93 percent on the lines of Salt Lake Partners and General Atlantic

• L Catterton announced investment of Rs 1,894.50 crore for the stake of 0.39 percent

• Reliance Jio Plat...