Covid impact: Stock markets crash

Equity benchmark Sensex plummeted over 1,400 points in early trade today, tracking losses in index-heavyweights HDFC twins, ICICI Bank and Reliance Industries as spiking Covid-19 cases in the country spooked investors amid negative cues from global markets. Continue Reading

Reliance buys furniture retailer Urban Ladder

Reliance Industries Ltd said on Sunday it has bought a 96% stake in online furniture retailer Urban Ladder for 1,821.2 million rupees ($24.4 million), furthering its attempt to expand its presence in India’s online retail market. Continue Reading

Reliance raises Rs 7,350 crore from 2 investors

Billionaire Mukesh Ambani’s Reliance Industries Ltd on Friday announced to raise Rs 7,350 crore from two investors — Singapore’s sovereign wealth fund GIC and Global alternative asset firm TPG — by selling a stake in group’s retail arm. Continue Reading

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

RIL has vision to be a new energy company: Report

Oil and telecom major Reliance Industries (RIL) has a 15-year vision to become a new energy company aimed at turning into a net carbon-zero company, according to a report by BofA Securities. 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