Reliance Industries: News

22 Dec 2017

Mumbai

Reliance Infra's power-business sold to Adani Transmission for Rs. 18,800cr

In a bid to become debt-free, Anil Ambani-owned Reliance Infrastructure has reportedly entered into a Definitive Binding Agreement with Adani Transmission to sell its Mumbai power business for Rs. 18,800cr.

27 Nov 2017

Flipkart

Complaint against Flipkart founders for cheating supplier of Rs. 10cr

The Bansals of Flipkart fame are in trouble, along with three of its employees. A businessman has filed a complaint against these five people alleging they had cheated him to the tune of Rs. 10cr.

25 Nov 2017

India

Where do Ambani brothers stand 11 years after split?

Mukesh Ambani's Reliance Industries recently raised $800-million (Rs. 51.66-billion) -to reduce its massive debt of Rs. 2.14-trillion to some extent- through the sale of 10-year bonds overseas at the cheapest rate for a non-financial Indian issuer.

28 Oct 2017

India

Reliance Industries, first Indian company to hit Rs. 6-trillion market-valuation

Mukesh Ambani-led Reliance Industries Limited has reached yet another milestone by becoming the first Indian company ever to cross a market capitalization of Rs. 6-trillion.

27 Oct 2017

Reliance Jio

7 tricks to make the best of your JioPhone

Reliance says it sold 6mn JioPhones within days when it opened bookings.

22 Oct 2017

India

Micromax Bharat 1 and Reliance JioPhone comparison

Reliance's VoLTE supported JioPhone is going to face some competition now with Micromax's Bharat 1 in the market.

26 Sep 2017

South Korea

Mukesh Ambani's Reliance Industries is world's 3rd largest energy firm

This year, in Platts Top 250 Global Energy Company Rankings, Reliance Industries climbed up five places on the chart and became the world's third-biggest energy firm after Russia's Gazprom and Germany's E.ON.

12 Sep 2017

India

HDFC m-cap unseats TCS, end of day TCS regains slot

HDFC Bank, which was recently recognized as a D-SIB or domestic systemically important bank, for a brief period on September 12, managed to unseat IT bellwether Tata Consultancy Services (TCS) as the country's second most valued firm in terms of market capitalization.

22 Aug 2017

India

ONGC takes over HPCL, slated to be India's third-largest refiner

In a regulatory filing, state-owned Oil and Natural Gas Corp has informed that its board has given "in-principle" approval to acquire government's 51.11% stake in Hindustan Petroleum Corp Ltd.

20 Aug 2017

Infosys

Infosys share buyback: What you need to know

Infosys CEO Vishal Sikka resigned on 18th Aug, citing slander by the company's founder.

18 Aug 2017

India

Reliance-BP-Niko's KG-D6 cost disallowed by the oil ministry

According to reports, the oil ministry has now imposed a penalty of $264 million on the consortium of Reliance Industries Ltd (RIL), BP Plc. and Niko Resources Ltd.

15 Aug 2017

Flipkart

Flipkart and 38 other companies miss out on GSP license

Indian e-commerce giant Flipkart has missed out on becoming a holder of the GST Suvidha Provider (GSP) license.

25 Jul 2017

India

Nifty50 reaches 10,000 for the first time ever

Nifty50 has finally hit the coveted 10,000 in the opening trade on Tuesday.

24 Jul 2017

India

Indian CEOs take 1,200-times more salary than average staff

The rich gets richer, the poor just survives. Recent declarations showed that top executives in the biggest listed blue-chip firms get up to 1,200-times more than what is paid to their average employees.

24 Jul 2017

Mukesh Ambani

Reliance JioPhone TV cable means no more cable bills

At RIL's 40th AGM, Reliance Industries chairman Mukesh Ambani showed us his next big step, a JioPhone that will have an effective prize of Rs. Zero.

21 Jul 2017

Mukesh Ambani

Mukesh Ambani's Reliance Industries acquires 24.9% stake in Balaji Telefilms

Moving online, people have started ditching cable/satellite TV subscriptions for OTT (Over-the-top) content services, which deliver audio-visual media and television content via the Internet.

08 Jul 2017

Facebook

Reliance Jio's ad offering free DTH subscription is a spam

Ever since Reliance Jio hit the market, it has come up with attractive offers for its customers but a latest Facebook ad by the company offering free DTH subscription is fake.

20 Jun 2017

India

Reliance Communications looks to sell 133 acre IT park

Anil Ambani-led Reliance Communications Limited is looking to snag buyers or jointly develop the massive 133 acre Dhirubai Ambani Knowledge centre (DAKC), reports said.

25 Apr 2017

Bharti Airtel

Reliance Q4 results quash estimates and soar high

Dhirubhai once said, "Meeting the deadlines is not good enough, beating the deadlines is my expectation."

28 Mar 2017

Goldman Sachs

7 Indian start-ups showcase their mettle on demo day

One of the most influential accelerators, Y Combinator hosts a demo day twice a year, where its latest batch of funded start-ups showcase themselves in front of Silicon Valley investors, founders and press.

Jio Payments Bank receives RBI nod

Jio Payments Bank (JPB), a joint venture between State Bank of India and Reliance Industries Limited, has received the crucial go-ahead from the RBI.

07 Feb 2017

India

Govt reduces stakes in ITC by 2%

The government divested 2 percent of its stake held in FMCG giant ITC through the Specified Undertaking of the Unit Trust of India (SUUTI).

22 Oct 2016

Kumar Mangalam Birla

Kumar Birla appointed as IIM-A Chairman

The HRD Ministry has appointed Aditya Birla Group Chairman, Kumar Mangalam Birla, as the new Chairman of the Board of Governors of the Indian Institute of Management, Ahmedabad.

14 Sep 2016

Maharashtra

Reliance owes MMRDA Rs.1577 crore

According to an RTI filed by Anil Galgali, Reliance Industries Limited is Mumbai Metropolitan Region Development Authority's (MMRDA) biggest defaulter.

05 Sep 2016

Reliance Jio

Reliance Jio's tariff plans: What went overlooked?

Reliance Industries' Mukesh Ambani had announced attractive tariffs to its Jio users, especially for its data services that were pitched at Rs.50/GB.

25 Aug 2016

India

CEO salaries: Exponential rise

An analysis of the salaries of the CEOs of the top twenty listed companies in India for 2015-2016 shows a massive increase in compensation compared to the past few years.

16 Aug 2016

India

Reliance Industries penalised $250 million

India's Reliance Industries faced a penalty of $250 million from the Oil Ministry for failing to scale up the company's productions to meet the production target in the Krishna-Godavari basin.

07 Aug 2016

Mukesh Ambani

RIL seeks to commission $35 billion worth projects in 2016-17

The Annual Report 2015-16 stated that the company seeks commissioning of projects with investment of $35 billion in 2016-17.

05 Aug 2016

Mukesh Ambani

Nita Ambani, the first Indian woman member of IOC

Nita Ambani was elected as the member of IOC (International Olympic Committee), at its 129th session in Rio.