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Reliance Industries Ltd said on Wednesday Saudi Aramco chairman Yasir Al-Rumayyan met all regulatory criteria for his appointment as an independent director, pending a shareholder approval on the decision.

The market valuation of Reliance Industries Limited went past the Rs 16 lakh crore mark at close of trade on Monday. The market heavyweight gained 1.70 per cent to close at Rs 2,525.20 on the BSE. During the day, it jumped 1.85 per cent to its record high of Rs 2,529.

Tata Consultancy Services (TCS), the second-most valued company in India and the largest within the Tata Group, on Wednesday became the second domestic company to cross the $200-billion market capitalisation mark. Exactly a year ago, Reliance Industries (RIL) was the first Indian company to cross that milestone and is currently at $215 billion.

Reliance Industries delayed the launch of a low-cost smartphone it is developing with Google to November, citing an industry-wide semiconductor shortage. Both the companies have begun testing JioPhone Next with a limited set of users for further refinement and are actively working to make it available more widely in time for the Diwali festive season.

The market valuation of Reliance Industries Ltd jumped to a record Rs 15 lakh crore on Friday, becoming the first domestic company to attain this historic feat. Helped by gain in its share price, Reliance Industries market capitalisation (m-cap) reached Rs 15,14,017.50 crore at close of trade on the BSE.

The Supreme Court on Friday said Singapore’s Emergency Arbitrator (EA) award, restraining Future Retail from going ahead with its merger deal with Reliance Retail, falls within the ambit of Arbitration and Concilliation Act. The verdict comes as a big win for e-commerce giant Amazon in the battle for the large Indian market. The US-based company … Continue reading SC restrains Future Retail from going ahead with RIL merger

Reliance Industries chairman Mukesh Ambani on Thursday unveiled ambitious plans for his digital and telecom empire, deepening his company’s ties with tech behemoths Google, Facebook and Microsoft.

Richest Indian Mukesh Ambani drew no salary from his flagship firm Reliance Industries Ltd in the fiscal year ended March 31 as he voluntarily gave up remuneration in light of the pandemic hitting the business and the economy. In its latest annual report, Reliance said Ambani’s remuneration for financial year 2020-21 was “nil.” In previous … Continue reading RIL chief Mukesh Ambani draws nil salary

After record fund raising, Reliance Industries Ltd now has a strong balance sheet with high liquidity that will support growth plans for its three hyper-growth engines, Jio, Retail and Oil-to-Chemicals, according to the firm’s chairman and managing director Mukesh Ambani.

India’s largest company in terms of market value, Reliance Industries (RIL), will bear the Covid-19 vaccination cost for its employees and their immediate family members, it said on Friday. RIL joins the growing list of companies covering vaccination costs for its people and their dependents. RIL has 1.95 lakh employees in India.

Billionaire Mukesh Ambani’s Reliance Industries Ltd will bear the cost of vaccinating its employees and their immediate family, totaling an estimated 12.2 lakh, as the oil-to-telecom conglomerate looks to safeguard them against the Covid-19 virus.

Reliance Industries Ltd expects to get the necessary approvals to hive off its oil-to-chemicals (O2C) business into a separate unit by the second quarter of the next fiscal year, the company said in a presentation to investors on Monday.

Amazon had asked for $40 million (around Rs 290.41 crore) in compensation from Future Group for the deal with Reliance Industries, and Amazon’s claim of not being informed of the deal is incorrect, documents submitted to the emergency arbitrator of SIAC by the Kishore Biyani-led firm said.

Kishore Biyani-led Future Retail Ltd (FRL) moved the Delhi high court on Wednesday against its single judge order directing the company to maintain status quo on its Rs 24,713 crore deal with Reliance Retail, which has been objected to by US-based e-commerce giant Amazon.

Billionaire Mukesh Ambani’s Reliance Industries Ltd has sourced the world’s first consignment of ‘carbon-neutral oil’ from the US as it looks to become a net zero-carbon company by 2035. Reliance, which operates the world’s largest single location oil refining complex at Jamnagar in Gujarat with capacity of 68.2 million tonnes a year, got 2 million … Continue reading RIL gets world’s first ‘carbon-neutral’ oil from US

Indian billionaire Mukesh Ambani doubled down on his promise to offer 5G services on his wireless network as early as this year, as his conglomerate Reliance Industries Ltd. reported a record profit aided by its consumer businesses.

On the back of Reliance’s fund-raising spree, private equity (PE) and venture capital (VC) investments in 2020 beat the pandemic blues and recorded the highest level in the last five years at $39.2 billion across 814 deals. This was 6.6% higher than 2019, which had seen 1,012 deals.

Markets regulator Sebi on Friday fined Reliance Industries, Mukesh Ambani and two other entities a total of Rs 70 crore for alleged manipulative trading in the shares of Reliance Petroleum — which was merged with RIL in 2009— in a case that dates back to 2007. Sebi, in its 95-page order, said in November 2007, … Continue reading RIL, Mukesh Ambani fined for ‘manipulative trades’