US chip giant Nvidia sealed partnerships with two Indian conglomerates Tata Group and Reliance Industries. With the Tata Group, Nvidia will develop computing infrastructure and platforms for AI-based solutions. Both will work together to build an AI supercomputer which will be powered by Nvidia GH200 Grace Hopper superchip. The partnership will bring about a ripple-like ...

Indian billionaire businessman Mukesh Ambani‘s company, Reliance Industries Ltd (RIL), has made an agreement to invest in data centers in India along with Canada-based Brookfield Infrastructure and U.S.-based Digital Realty. These data centers are being developed through special purpose vehicles (SPVs), which are separate entities created for specific projects. RIL will hold a 33.33% stake ...

RIL’s shares reached an intraday high of ₹2756 apiece on the NSE, surpassing its previous all-time high of ₹2755 per share. The market capitalization of Reliance Industries also surpassed ₹18 lakh crore. Reliance Industries Ltd (RIL) witnessed strong buying interest in the Indian stock market. All these happened after the announcement of the demerger of ...

(Sebi) provided clearance to the Reliance Retail’s acquisition of Future Group’s retail assets. The ₹ 24,713-crore deal gained approval despite objections raised by Amazon. Besides Sebi, Bombay Stock Exchange (BSE) also granted its nod to the deal with “no adverse observation” report.  The deal was originally finalized in August, last year, when Mukesh Ambani’s RIL ...

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 ...

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, ...

Anil Ambani has been chased by three Chinese banks to whom, according a UK court, he owed over $716 million (Rs 5,276 crore), plus significant legal costs including interest of Rs 7.04 crore. After his cross-examination by the commercial court on 29 June, his total repayment amount increased to $717.6 million. After Ambani’s recent cross-examination, ...

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 ...