Reliance Industries

Timelines
Amazon moves Supreme Court over $3.4B Future Group-Reliance deal

11 Feb 2021

Amazon moves Supreme Court over $3.4B Future Group-Reliance deal

Amazon has moved India's Supreme Court to stop a $3.4 billion assets sale by its partner, Future Group, to Reliance Industries.

History created: Sensex breaches 50,000-mark for the first time ever

21 Jan 2021

History created: Sensex breaches 50,000-mark for the first time ever

In a development that is sure to make investors, market watchers, and companies happy, S&P BSE Sensex crossed the 50,000-mark for the first time ever on Thursday.

Elon Musk surpasses Jeff Bezos to become world's richest person

07 Jan 2021

Elon Musk surpasses Jeff Bezos to become world's richest person

Tesla Inc. and SpaceX CEO Elon Musk has surpassed Amazon boss Jeff Bezos to become the world's richest person, Bloomberg reported on Thursday.

China's Zhong Shanshan replaces Mukesh Ambani as Asia's richest person

31 Dec 2020

China's Zhong Shanshan replaces Mukesh Ambani as Asia's richest person

Reliance Industries (RIL) Chairperson and Managing Director Mukesh Ambani is no longer the richest person in Asia. That title now belongs to China's Zhong Shanshan, a vaccine magnate and the founder of the bottled water company Nongfu Spring.

Reliance Retail raises Rs. 47,265cr from sale of 10% stake

20 Nov 2020

Reliance Retail raises Rs. 47,265cr from sale of 10% stake

Billionaire Mukesh Ambani-led Reliance Industries announced that it has completed the sale of Rs. 47,265cr worth of stake in its retail arm, Reliance Retail Ventures Limited (RRVL), to a group of foreign investors.

RIL to invest $50mn in Bill Gates-owned Breakthrough Energy Ventures

13 Nov 2020

RIL to invest $50mn in Bill Gates-owned Breakthrough Energy Ventures

Reliance Industries will be investing $50 million (approximately Rs. 373 crore) in Breakthrough Energy Ventures, a firm established by billionaire philanthropist Bill Gates in 2015 to battle climate change.

Future Group, Reliance ignore ruling to hold $3.4bn deal

26 Oct 2020

Future Group, Reliance ignore ruling to hold $3.4bn deal

The Future Group on Monday said that it was examining an order to stall a Rs. 24,713 crore (approximately $3.4 billion) asset sale to Reliance Industries Limited (RIL).

NewsBytes Briefing: Apple launching iPhone 12 on October-13, and more

07 Oct 2020

NewsBytes Briefing: Apple launching iPhone 12 on October-13, and more

Last night, Apple sent out invites for a 'Hi, Speed' event.

Reliance Retail scores Rs. 3,675cr from General Atlantic: Details here

30 Sep 2020

Reliance Retail scores Rs. 3,675cr from General Atlantic: Details here

The retail venture of Mukesh Ambani's Reliance Industries is going all guns blazing to take on Amazon and Walmart in India.

PUBG ban not likely to be revoked anytime soon: Report

27 Sep 2020

PUBG ban not likely to be revoked anytime soon: Report

The ban on PUBG came as a big blow for PUBG Corporation, the creator of the title, and Tencent Games, the Chinese company behind its mobile version.

What does Reliance and Future Group deal mean for India

30 Aug 2020

What does Reliance and Future Group deal mean for India

In a major move, Mukesh Ambani's Reliance Industries has announced the decision to buy businesses of Kishore Biyani-promoted Future Group for Rs. 24,713 crore.

NewsBytes Briefing: Epic's Unreal Engine gets legal protection, and more

25 Aug 2020

NewsBytes Briefing: Epic's Unreal Engine gets legal protection, and more

Since last night, the case between Apple and Epic Games has progressed.

Chemist body opposes Reliance's acquisition of Netmeds: Here's why

20 Aug 2020

Chemist body opposes Reliance's acquisition of Netmeds: Here's why

Yesterday, Mukesh Ambani's Reliance Industries had announced the acquisition of online pharmacy Netmeds, along with its subsidiaries and parent company, to scale up its e-commerce play.

NewsBytes Briefing: Reliance buys Netmeds, SpaceX's biggest fund-raise, and more

19 Aug 2020

NewsBytes Briefing: Reliance buys Netmeds, SpaceX's biggest fund-raise, and more

In the last few hours, renowned tech giants took major strides.

Reliance could buy Milkbasket, Urban Ladder in e-commerce push

17 Aug 2020

Reliance could buy Milkbasket, Urban Ladder in e-commerce push

As Amazon and Flipkart continue to take long strides in the Indian e-commerce segment, Mukesh Ambani's Reliance Industries is also looking to grow its online footprint.

#WeeklyRecap: Trump's 90-day deadline for TikTok, Fortnite row, and more

16 Aug 2020

#WeeklyRecap: Trump's 90-day deadline for TikTok, Fortnite row, and more

This week, several big players made headlines in the world of technology.

NewsBytes Briefing: Reliance could back TikTok's business, and more

13 Aug 2020

NewsBytes Briefing: Reliance could back TikTok's business, and more

In the updates since last night, TikTok's parent company ByteDance was reported to have approached Mukesh Ambani's Reliance Industries for a potential investment in the video service's India business.

Google likely to invest $4 billion in Reliance's Jio Platforms

14 Jul 2020

Google likely to invest $4 billion in Reliance's Jio Platforms

After several major conglomerates and foreign funds, technology giant Google is mulling an investment in Reliance Industries' Jio Platforms.

Mukesh Ambani becomes 6th richest person in the world

14 Jul 2020

Mukesh Ambani becomes 6th richest person in the world

After a massive fund-raising spree of Jio Platforms, Indian business magnate Mukesh Ambani has become the sixth-richest person in the world.

BJP blocks Parliament panel review of PM-CARES Fund

11 Jul 2020

BJP blocks Parliament panel review of PM-CARES Fund

The Centre's response to the coronavirus pandemic and the PM-CARES Fund will most likely not be scrutinized by the Public Accounts Committee (PAC) as Bharatiya Janata Party (BJP) blocked a move regarding the same on Friday.

Mukesh Ambani's Jio blatantly copied WhatsApp for JioChat

10 Jul 2020

Mukesh Ambani's Jio blatantly copied WhatsApp for JioChat

A week ago, Jio Platforms, the telecom-to-digital entity of Mukesh Ambani's Reliance Industries, launched JioMeet, a video conference service that looked more like a rip-off of its prime competitor 'Zoom'.

Jio Platforms scores another investment: $1.5bn from Saudi Arabia's PIF

18 Jun 2020

Jio Platforms scores another investment: $1.5bn from Saudi Arabia's PIF

Mukesh Ambani's Jio Platforms has scored yet another multi-billion-dollar investment.

Ambani's Jio Platforms scores another investment: $1.2 billion from Mubadala

05 Jun 2020

Ambani's Jio Platforms scores another investment: $1.2 billion from Mubadala

In another multi-billion-dollar deal, Jio Platforms, the company holding the telecom and digital businesses of Reliance Industries Limited (RIL), has agreed to raise Rs. 9,093.6 crore from Mubadala, an Abu Dhabi-based sovereign investor.

COVID-19 outbreak: Reliance starts manufacturing 'affordable PPE' for frontline workers

01 Jun 2020

COVID-19 outbreak: Reliance starts manufacturing 'affordable PPE' for frontline workers

As the number of COVID-19 cases continues to spike in India, Reliance Industries is racing to manufacture protective gear for workers on the frontline.

#WeeklyRecap: Trump targets Twitter, SpaceX-NASA historic mission, JioMart, and more

31 May 2020

#WeeklyRecap: Trump targets Twitter, SpaceX-NASA historic mission, JioMart, and more

This week, we saw plenty of developments in the tech world.

Jio Platforms raises Rs. 11,367 crore from KKR: Details here

22 May 2020

Jio Platforms raises Rs. 11,367 crore from KKR: Details here

Jio Platforms, the company holding the telecom and digital businesses of Reliance Industries Limited (RIL), has raised Rs. 11,367 crore ($1.5 billion) from US-based equity firm KKR.

Jio Platforms raises Rs. 6,598 crore from General Atlantic

17 May 2020

Jio Platforms raises Rs. 6,598 crore from General Atlantic

Jio Platforms, the entity holding telecom and digital businesses of Reliance Industries Limited (RIL), has raised Rs. 6,598 crore ($869.8 million) from US-based private equity firm General Atlantic.

Now, JioPhone users can use Aarogya Setu: Details here

14 May 2020

Now, JioPhone users can use Aarogya Setu: Details here

India's COVID-19 contact-tracer, Aarogya Setu, is now being rolled-out on JioPhones, the low-cost 4G-enabled feature phones sold by Reliance Industries.

Jio Platforms raises Rs. 11,367 crore from Vista Equity

08 May 2020

Jio Platforms raises Rs. 11,367 crore from Vista Equity

Jio Platforms, the entity holding telecom and digital businesses of Reliance Industries Limited (RIL), has raised Rs. 11,367 crore from US-based private equity firm Vista Equity Partners.

Coronavirus wiped nearly a quarter of Indian billionaires' wealth: Forbes

06 May 2020

Coronavirus wiped nearly a quarter of Indian billionaires' wealth: Forbes

The outbreak of COVID-19, which has claimed over 2.5 lakh lives and put a third of the world's population under lockdown, has wrecked economies completely.

Jio Platforms gets Rs. 5,655 crore investment from Silver Lake

04 May 2020

Jio Platforms gets Rs. 5,655 crore investment from Silver Lake

Jio Platforms, the entity housing telecom and digital businesses of Mukesh Ambani-led Reliance Industries, has picked up Rs. 5,655 crore ($747 million) in investment from US-based private equity firm Silver Lake.

#WeeklyRecap: Free Google Meet, bugs in Chrome, Microsoft Teams, more

03 May 2020

#WeeklyRecap: Free Google Meet, bugs in Chrome, Microsoft Teams, more

The last week of April was all about bugs, glitches, and leaks.

Jio is also bringing a video-conferencing app: Details here

01 May 2020

Jio is also bringing a video-conferencing app: Details here

As more than a third of the world's population remains under some kind of lockdown, video-conferencing has become the go-to option to connect and interact, be it with colleagues or friends.

Facebook invests $5.7 billion (Rs. 43,574 crore) in Jio

22 Apr 2020

Facebook invests $5.7 billion (Rs. 43,574 crore) in Jio

Finally, Facebook has confirmed the long-rumored plan of teaming up with Mukesh Ambani-led Reliance Industries.

#WeeklyRecap: OnePlus 8, iPhone SE launched, Cognizant hacked, and more

19 Apr 2020

#WeeklyRecap: OnePlus 8, iPhone SE launched, Cognizant hacked, and more

This week, despite the evolving COVID-19 crisis, notable developments were made in the world of tech.

Coronavirus outbreak: Sundar Pichai donates Rs. 5 crore to GiveIndia

13 Apr 2020

Coronavirus outbreak: Sundar Pichai donates Rs. 5 crore to GiveIndia

Sundar Pichai, the CEO of Alphabet and Google, has donated Rs. 5 crore to support COVID-19 relief efforts in India.

Maruti Suzuki producing ventilators, masks to tackle coronavirus pandemic

28 Mar 2020

Maruti Suzuki producing ventilators, masks to tackle coronavirus pandemic

As coronavirus cases continue to increase, Maruti Suzuki, India's largest automaker, is planning to tackle one of the most concerning problems associated with the pandemic - ventilator shortage.

Mukesh Ambani to Anand Mahindra, corporates join fight against coronavirus

27 Mar 2020

Mukesh Ambani to Anand Mahindra, corporates join fight against coronavirus

As the coronavirus pandemic continues to sweep across countries, the Government of India is doing everything possible to control the spread of the disease, while combating the wide-range of problems stemming from it.

India's five most influential and successful women in finance

05 Mar 2020

India's five most influential and successful women in finance

The world of finance used to be seen as an industry only for men for the longest time. However, that has changed in the last few years.

'Namaste' replaces 'Kem Cho': Centre renames Donald Trump's Gujarat event

16 Feb 2020

'Namaste' replaces 'Kem Cho': Centre renames Donald Trump's Gujarat event

The Union government has decided to rename the event in Gujarat where US President Donald Trump will be the chief guest later this month.