Reliance takes on Zoom with JioMeet

Reliance Industries, which has raised billions of dollars from the likes of Facebook and Intel for its digital business, Reliance Industries has launched JioMeet video conferencing app with unlimited free calling that is being seen as rate war on rival Zoom. Continue Reading

Reliance net-debt free after rasing Rs 1.69 lakh cr: Mukesh Ambani

Billionaire Mukesh Ambani today said his flagship firm Reliance Industries is now net-debt free after a record Rs 1.69 lakh crore fund raising in under two months. 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

Reliance sells 2.32 % in Jio Platforms to KKR

Reliance Industries today announced the sale of a 2.32 per cent stake in its digital unit to US private equity giant KKR for Rs 11,367 crore, the fifth deal in four weeks that will inject a combined Rs 78,562 crore in the oil-to-telecom conglomerate to help it pare debt. Continue Reading

Reliance Industries Limited contributes Rs 500 crore to PM Fund

Reliance Industries Limited (RIL), here on Monday, announced to contribute Rs 500 crore to the PM CARES Fund to help the fight against the coronavirus pandemic. Continue Reading

Shell-Reliance give up Panna-Mukta oil fields after 25 years

Panna-Mukta and Tapti (PMT) oil and gas fields in the Arabian Sea off the Mumbai coast were in 1994 awarded a consortium of US energy giant Enron and Reliance. ONGC, which had originally discovered the fields, as a government nominee given 40 per cent back-in rights. Continue Reading

Vendors accuse HomeShop18 of Rs 200-crore fraud

Vendors of now-defunct HomeShop18 on Friday alleged that the teleshopping firm committed a fraud of Rs 150-200 crore by not paying them the dues even after selling their products on its network and collecting money from customers. 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