Reliance breaks into top 100 global companies

Billionaire Mukesh Ambani’s Reliance Industries has jumped 10 places to break into the world’s top 100 companies on the Fortune Global 500 list. The oil-to-telecom conglomerate is ranked 96th in the 2020 ranking released by Fortune on Tuesday. Continue Reading

Expect affordable ‘Indiagenous’ 5G phone in a year: RIL

In a major development amid the chorus for an ‘Aatmanirbhar Bharat’ or self-reliant India, Reliance Industries (RIL) Chairman Mukesh Ambani on Wednesday announced that Reliance Jio has developed a complete 5G solution from scratch. Continue Reading

Jio Platforms raises Rs 92,202 cr in six weeks

Reliance Industries Ltd and Jio Platforms Ltd announced on Friday that Silver Lake and its co-investors will invest an additional Rs 4,546.80 crore in Jio Platforms. Continue Reading

BSNL hopes to boost market share, no plans to shut

Crisis-ridden Bharat Sanchar Nigam Ltd (BSNL) is hoping to boost marketshare, following Reliance Jio’s decision to charge six paise per minute for voice calls made to mobile phone networks of rival operators. Continue Reading

Vodafone Idea: Jio’s action an undue haste

Telecom operator Vodafone Idea termed Reliance Jio’s plan to start charging six paise per minute for outgoing calls to rival network as “an action of undue haste” and an attempt to distract attention from the need for urgent action to address financial stress in the sector. Continue Reading

War of words between Airtel and Jio

After months of lull, old and new telcos have locked horns with Airtel accusing Reliance Jio of “gaming” the system of paying for calls to rival network, a charge that Mukesh Ambani-led firm countered saying incumbents were charging high voice tariffs and manipulating the system to detriment of their users. Continue Reading

Reliance to roll out new venture, to link brands and consumers through tech

Billionaire Mukesh Ambani’s Reliance Retail Ltd could launch its “new commerce” venture around Diwali, three industry officials aware of the plans said. New commerce is Reliance Retail’s offline-to-online initiative, which would link producers, traders, small merchants, brands and consumers through technology. Continue Reading

Reliance shareholders delighted by freebies

Though it was the shareholders’ meeting with arguably the most number of big ticket announcements, the offer to give bundled television sets and simultaneous movie releases on its digital platform caught investors’ fancy at Reliance Industries’ 42nd annual general meeting here Monday Continue Reading

Reliance plans big for private-labels

Reliance Industries Ltd (RIL) will soon hire distributors to sell private-label brands owned by its retail unit through neighbourhood stores, as billionaire Mukesh Ambani aims to boost the contribution of the company’s consumer business, two people aware of the development said. Continue Reading