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

Mukesh Ambani is world’s 7th richest person

Reliance Industries (RIL) Chairman Mukesh Ambani has become the seventh richest person in the world overtaking Warren Buffet, one of the most successful investors globally, according to the Forbes Real Time Billionaires Index. Continue Reading

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