Reliance

Friday, Apr 26, 2024 | Last Update : 03:12 PM IST

The thinking in the government is that for Indian economy to grow, it needs the big players, and the Modi establishment’s praise for MSMEs is just lip service. (Photo: PTI)

Parsa Venkateshwar Rao Jr | Will breakup of monopolies give Indian economy boost?

The nationalist fervour that dominates Prime Minister Modi and the BJP is such that the nuances of policy have no value for them

06 Apr 2023 12:00 AM

Reliance said in a stock exchange filing on Saturday its industrial investments subsidiary will acquire Cayman Islands-based Columbus Centre Corp (Cayman) for an equity value of approximately $98.15 million. (Reuters Photo)

Reliance to buy control of Mandarin Oriental New York in $98 mln deal

The closing of the transaction is anticipated by the end of March 2022, the company said

09 Jan 2022 4:33 PM

The market capitalisation of TCS at Monday’s closing price stands above Rs 10.15 lakh crore on BSE. (File)

TCS market cap crosses Rs 10 lakh crore

TCS shares gained over 7.5 per cent on Monday touching an all time high price of Rs 2,727

06 Oct 2020 1:07 PM

Chairman of India's Reliance Industries Mukesh Ambani (L) looks at rows of produce during a visit to a Reliance Fresh supermarket in Hyderabad. (AFP Photo)

Reliance Retail gets Rs 7,500 crore investment from Silver Lake

The investment values Reliance Retail at Rs 4.21 lakh crore

09 Sep 2020 10:18 AM

RIL's valuation plunged by Rs 20,666.46 crore to Rs 13,40,213.50 crore. (PTI Photo)

Six of 10 top valued firms lose Rs 78,275 crore in m-cap, Reliance, TCS top losers

RIL's valuation plunged by Rs 20,666.46 crore to Rs 13,40,213.50 crore, taking the biggest drop among the 10 most valued firms

16 Aug 2020 4:24 PM

Saudi Aramco chief executive Amin Nasser. (AFP Photo)

RIL-Aramco deal: Still working on deal to invest in Reliance, says Aramco CEO

We at Reliance value our over two-decade-long relationship with Saudi Aramco and are committed to a long-term partnership, Ambani said

10 Aug 2020 9:10 AM

Reliance’s JioMart has had a shaky start with customers complaining about rotting vegetables, missing deliveries and delayed refunds.

Reliance's telecom strategy to make JioMart a success in ecommerce a gamble

Modernising India’s creaky, inefficient supply chains will not be easy, even for Reliance, the nation’s largest retailer by revenue.

17 Jul 2020 10:20 PM

App-based businesses with a focus on localised content supported by regional language interfaces are the future. These digital startups hold the key to the growth of India’s digital economy and they require government assistance to become national champions.

Government must galvanise India's app ecosystem to pare down Chinese influence

Quick disbursal of the Rs 20,000 crore Startup India corpus to app-based businesses is key, not reliance on large firms to create superapps.

16 Jul 2020 8:05 AM

Jio Platforms has over 20 startup partners with whom it has developed various technologies including 4G and now 5G, Mukesh Ambani told shareholders at an annual general meeting. (Image | Flickr - Christoph Scholz)

Jio developing Indian 5G solution, says Ambani amid ban on Chinese Huawei in UK, US

“It will be ready for trials as soon as 5G spectrum is available,” Ambani said while India faces pressure to leave Huawei out of 5G trials.

15 Jul 2020 5:58 PM

Reliance no doubt seeks to capture a bigger user base for digital services and ecommerce by offering an inexpensive smartphone. (Representative Image)

Google to develop entry-level smartphone for Reliance

The two firms will also develop an Android-based smartphone operating system.

15 Jul 2020 5:02 PM

Jio Platforms — which is set to offer a wide range of services from music streaming to online retail and payments — is expected to use its 388 million mobile phone subscribers as the cornerstone of an e-commerce and digital services business to rival Amazon and Walmart’s Flipkart. Jio has become Reliance’s growth engine, combining with the company’s fast-growing retail arm to help in offsetting the decline in oil and petrochemicals. (Photo | AFP)

Google invests Rs 33,373 crore in Jio for 7.7 pc stake

With this deal, Reliance has sold 32.84 per cent stake in Jio Platforms Ltd and has raised a total of Rs 1,52,055.45 crore.

15 Jul 2020 4:21 PM

Reliance Industries said Qualcomm Inc’s investment arm will buy a 0.15% stake in its digital unit Jio Platforms. (PTI Photo)

Qualcomm-Jio deal: 5G wireless tech company to invest Rs 730 crore in RIL unit

The partnership will help Jio Platforms to “roll out advanced 5G infrastructure and services for Indian customers”, Reliance said

13 Jul 2020 9:56 AM

Reliance will load its first cargo of Venezuelan crude in three months this week in exchange for diesel under a swap deal. (PTI Photo)

Reliance to load Venezuelan oil cargo under fuel swap deal

Reliance gave US State Department notice of diesel swap and received word back that policies that allowed transaction were still in place

10 Jul 2020 9:05 AM

Mukesh Ambani’s Jio telecom carrier is emerging as a winner from changes in the way Indian consumers plug into a digital economy. (PTI Photo)

Amid COVID-19, investors bet on Jio and its giant-killer playbook

India’s 10-week lockdown led to a surge in demand for data, boosting Jio’s phone and broadband offerings

04 Jun 2020 1:14 PM

The notification form is being filed in relation to Jaadhu’s proposed acquisition of a minority, the non-controlling shareholding of approximately 9.99 per cent of the fully diluted equity share capital in Jio Platforms, which is worth USD 5.7 billion.

Facebook works Jaadhu on Jio for Rs 43,574 crore

Facebook incorporates new company to acquire 9.9 per cent stake in Jio.

03 Jun 2020 7:16 PM

JioMart, which declared itself an aggregator of neighbourhood grocery stores, is currently looking similar to the BigBasket model of ecommerce. (Representative Image | Pixabay)

JioMart, self-declared as a kirana store aggregator, launches in 200 cities without them

Grocery is 70% of Indian retail market, with 90% driven by neighbourhood shops. Will Reliance include them, subdue them or wipe them out?

26 May 2020 5:54 PM

Mukesh Ambani's Reliance Industries to consider first rights. (PTI Photo)

Reliance Industries to consider first rights issue in three decades

The discussions come after Facebook revealed plans to spend $5.7 billion to buy a 9.99% stake in Reliance’s digital arm

28 Apr 2020 2:41 PM

Five years ago they contributed just 2 per cent and Ambani expects them to account for 50 per cent soon. (Photo: ANI)

Reliance choose tech for growth; super-fast internet coming next month

The cloud services partnership with Microsoft Corp underscores Ambani’s ambitions to go toe-to-toe with Amazon.

13 Aug 2019 10:35 AM

Jio would provide free connectivity and cloud infrastructure to start-ups, Ambani said.

Reliance-Microsoft deal raises threat to Amazon, Google in India

The Reliance-Microsoft partnership could help Jio extend its services to India’s booming start-up ecosystem.

13 Aug 2019 10:19 AM

Reliance hasn’t revealed any final price for the service yet, but they have been running trial runs for a few months now. (Photo: ANI)

JIO GigaFiber offers 1gbps speed, 600 channels and landline connection in one plan

Reliance has plans to lay the groundwork for GigaFiber connections in 1,600 cities across India.

30 Jul 2019 3:30 PM

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Sunil Gatade