AMBANI TO PARTNER WITH FACEBOOK AND GOOGLE

HIGHLIGHTS

• Mukesh Ambani is going to forge a partnership with Facebook and Google.
• Three partners seek to obtain a license to enter India’s digital payments business.

Reliance Industries Ltd., led by Asia’s richest man Mu...

RELIANCE COMPLETES SPIN-OFF OF O2C UNIT

HIGHLIGHTS

• Reliance has begun the enhancement of its O2C unit.
• Mukesh Ambani has many strategic partnership on the cards.
• Reliance reported the integrated earnings of the O2C business in its third quarter financial results.

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 ...

HIGH HOPES ON RELIANCE RETAIL-FUTURE GROUP DEAL LIKELY TOMORROW

Highlights

• According to the reports, it is going to be an all cash deal that will see Reliance Retail taking over all the debts and liabilities of Future Group along with a minority stake I. Future Enterprises

• The estimated value of this transaction will be aroun...

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...

RELIANCE INDUSTRIES LIMITED LIKELY TO ACQUIRE MILKBASKET AND URBAN LADDER

Highlights

• As per the reports, Reliance will take over Urban Ladder for a sum of $30 million

• Reportedly Urban Ladder was previously in talks with Flipkart and FabIndia for a potential sale

• Reliance is looking to strengthen its JioMart by taking o...

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 INVESTMENT LIKELY IN TikTok; TALKS IN PROGRESS

Highlights

• TikTok was in the list of 59 apps blocked by the Government of India citing security concerns 

• Microsoft is also having discussion with ByteDance to acquire TikTok's US operations

• ByteDance wants Reliance Industries Limited to...

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...

MUKESH AMBANI: THE NEW 4TH RICHEST MAN IN THE WORLD

Highlights

• Mukesh Ambani displaced France's Bernard Arnault, the Chairman, Chief Executive of LVMH Moet Hennesy-Louis Vuitton SE

• As per the Bloomberg Billionaires Index, the net worth of Mukesh Ambani is $80.6 billion

• The net worth of Mukesh ...

SEBI GOES SESSION COURT AGAINST RELIANCE FOR ALLEGED VIOLATION OF COMPANIES ACT

Highlights

• According to Reliance Industries Limited (RIL), this matter is related to the debentures issued with convertible warrants two decades ago

• RIL co-operated with the Sebi and has produced ample evidence that establishes it has not violated Section 77 of t...

RELIANCE INDUSTRIES LIMITED: SECOND BIGGEST BRAND IN THE WORLD AFTER APPLE

India’s most valuable company Reliance Industries Limited led Asia’s richest man Mukesh Dhirubhai Ambani has been ranked second biggest brand after Apple on the FutureBrand Index 2020.
While releasing its 2020 Index, FutureBrand said this year’s highest entrant at number ...

AFTER TELECOM AND ONLINE RETAIL, RIL PLANS TO TAKE OVER NETMEDS

Highlights

• Reliance Industries Limited (RIL) is likely to acquire Netmeds for around $120 million 

• Chennai-based Netmeds was founded in the year 2015 by Pradeep Dadha

• Until now, Netmeds has announced three rounds of funding worth $100 millio...

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 ...

RELIANCE: WORLD’S NEW SECOND MOST VALUABLE ENERGY COMPANY

After jumping to the 46th spot in the list of world’s most valuable companies thanks to its market capitalisation of more than Rs 14 lakh crore, Reliance Industries Limited has now displaced ExxonMobil to become the world’s second most valuable energy company. 
Few days ba...

AMAZON PLANNING TO BUY 9.9% STAKE IN RELIANCE JioMart: REPORT

Highlights

• JioMart, the newest e-commerce venture of RIL will definitely give strong competition to Amazon.in and Salary’s Flipkart claim market experts

• As per the reports, Amazon intends to own a preferred, strategic stake for JioMart

• Reli...