Mukesh Ambani: On Monday, amid the ongoing farmers protests, Reliance Industries (RIL) owner Mukesh Ambani issued a statement emphasising that his company never bought any agricultural land and had no plans of entering into contract or corporate farming. His statement came in order to stop the vandalising of Jio towers and property as over the ...

Jio 5G in 2021: During his inaugural speech during Indian Mobile Congress (IMC), 2020, Prime Minister Narendra Modi lauded India’s emergence as the preferred destination for mobile manufacturing among companies. He also noted that as India has one of the lowest mobile tariff, it makes the country with fastest growing app industry. Mr. Modi shared ...

On Saturday, Reliance Industries (RIL) acquired 96 percent equity shares of Urban Ladder Home Decor Solutions Pvt Ltd for Rs 182.12 crore. As per the company statement, Urban Ladder’s share ownership now rests with Reliance Retail Ventures Ltd (RRVL), a subsidiary of Reliance Industries (RIL) .  Besides the recent takeover by billionaire Mukesh Ambani’s company, ...

Business tycoon Mukesh Ambani had to bear one of his worst stints in business as the sinking price of oil wiped his assets by $73 billion with him losing as much as $5 billion recently. Stocks could see the hit with them falling by 6.8%, making it the worst slip since May 2020.  Considered as ...

Reliance Industries Ltd. has dismissed a report that it was planning to sell a $20-billion stake in its retail business to its American rival Amazon. The report was published by Bloomberg on Thursday stating that Mumbai-based RIL is willing to offer an approximate 40 percent stake in its subsidiary Reliance Retail Ventures Ltd. (RRVL) to ...

In the third major deal in as many weeks, Reliance has announced the sale of 2.32% of stake in Jio to American private equity firm Vista Equity Partners. After Facebook and Silver Lake, American tech-equity firm Vista will be investing Rs 11,367 crore in Jio for a 2.32% stake in the platform. This deal values ...