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Reliance Industries

Indian multinational conglomerate company

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Reliance Industries: Indian multinational conglomerate company
Reliance Industries Limited (RIL) is an Indian multinational conglomerate company headquartered in Mumbai, Maharashtra, India. Reliance owns businesses across India engaged in energy, petrochemicals, textiles, natural resources, retail, and telecommunications. Reliance is one of the most profitable companies in India, the largest publicly traded company in India by market capitalization, and the largest company in India as measured by revenue after recently surpassing the government-controlled Indian Oil Corporation. On 22 June 2020, Reliance Industries became the first Indian company to exceed US$150 billion in market capitalization after its market capitalization hit ₹11,43,667 crore on the BSE.

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Equities trim early gains but close in green, Wipro spurts 7.3% [Video]

Equities trim early gains but close in green, Wipro spurts 7.3%

Equity benchmark indices shaved off early gains but closed in the positive zone on Thursday following a rally in IT stocks amid dynamic global cues. The BSE SandP Sensex closed 304 points or 0.76 per..

Credit: ANI     Duration: 01:19Published
India will play leading role in 4th industrial revolution: Mukesh Ambani [Video]

India will play leading role in 4th industrial revolution: Mukesh Ambani

The chairman of Reliance Industries Ltd (RIL), Mukesh Ambani said on October 08 that India will play a leading role in 4th industrial revolution. Giving a glimpse of the future, the chairman said that..

Credit: ANI     Duration: 01:30Published
Closing Bell: Bulls run continues on bourses, auto stocks gain [Video]

Closing Bell: Bulls run continues on bourses, auto stocks gain

Bull run continues to dominate the bourses on October 07 despite mixed global cues amid uncertainty on US stimulus package and surging coronavirus cases. The BSE S-P Sensex closed 304 points or 0.77..

Credit: ANI     Duration: 01:09Published
Equity indices in positive zone, Reliance up 3% [Video]

Equity indices in positive zone, Reliance up 3%

Equity benchmark indices ticked up by over half per cent during early hours on Wednesday following mixed global cues amid uncertainty on US stimulus package and surging coronavirus cases. At 10:15 am,..

Credit: ANI     Duration: 01:22Published
Closing bell: Sensex jumps 646 points, Reliance up 7.1% to hit record high [Video]

Closing bell: Sensex jumps 646 points, Reliance up 7.1% to hit record high

Equity benchmark indices were on an upswing on September 10 following a spurt in Asian markets with Reliance Industries and banking stocks leading the rally. The BSE S-P Sensex closed 646 points or..

Credit: ANI     Duration: 01:10Published
Equity indices flat after historic contraction in Q1 GDP [Video]

Equity indices flat after historic contraction in Q1 GDP

Equity benchmark indices were flat during early hours on September 01 as official figures released a day earlier showed 23.9 per cent fall in the economy during the first quarter of the current..

Credit: ANI     Duration: 01:03Published
Sensex crashes by 839 points on geopolitical tensions, bank stocks hit badly [Video]

Sensex crashes by 839 points on geopolitical tensions, bank stocks hit badly

Equity benchmark indices erased all morning gains and cracked by over 2 per cent on geopolitical concerns and ahead of the GDP first-quarter data. At the closing bell, the BSE SandP Sensex was down by..

Credit: ANI     Duration: 01:15Published
Equity indices gain 1%, Future Retail up 20% [Video]

Equity indices gain 1%, Future Retail up 20%

Equity benchmark indices traded one per cent higher during early hours on August 31 on positive global cues and steady flow of foreign institutional investor (FII) funds. At 10:15 am, the BSE SandP..

Credit: ANI     Duration: 01:03Published

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Reliance says TPG and L Catterton to invest $847 million in Jio Platforms

Indian oil-to-telecoms conglomerate Reliance Industries raised a total of 64.4 billion Indian rupees ($847 million) from the sale of two stakes in its digital unit Jio Platforms, the group said on..
Reuters India - Published

Reliance says TPG to invest $598 million in digital unit

Indian oil-to-telecoms conglomerate Reliance Industries said on Saturday that global investment firm TPG will buy a 0.93% stake in its digital unit Jio Platforms for 45.46 billion rupees ($598..
Reuters India - Published

Sensex, Nifty end higher as Reliance gains, bargain hunters chip in

Indian shares recovered from a sharp early drop to end higher on Friday, helped by gains in heavy-weight Reliance Industries, with investors seeking bargains as the indexes registered their first..
Reuters India - Published

Exclusive: Netflix in talks to source Indian content from Reliance affiliate Viacom18 - sources

U.S. video streaming company Netflix is in talks with Viacom18, part of the Indian conglomerate Reliance Industries' media unit Network18, about a multi-year partnership to source content, three..
Reuters India - Published

Sensex, Nifty end higher as easing curbs outweigh COVID-19 surge

Indian shares ended higher on Wednesday, led by gains in Reliance Industries and financials, as optimism around reopening of the economy and buoyant global risk sentiment trumped concerns over a surge..
Reuters India - Published

Indian stocks fall 1% as banks, Reliance drag

Indian shares closed lower on Tuesday, ending a 13% surge over the last nine sessions, as banks and heavyweight Reliance Industries weighed, with a broader rally on hopes of a quicker global economic..
Reuters India - Published

Indian shares rise led by financials, Reliance Industries

Indian shares rose on Monday, lifted by gains in financials and a surge in Reliance Industries after its digital unit received multiple investments over the last three days, while upbeat U.S. jobs data..
Reuters India - Published

Reliance says Abu Dhabi Investment Authority invests $752 million in digital unit Jio Platforms

Indian oil-to-telecoms giant Reliance Industries said on Sunday that the Abu Dhabi Investment Authority (ADIA) will buy 1.16% of its digital unit Jio Platforms for 56.83 billion rupees ($752 million).
Reuters India - Published

Indian shares edge up as financials gain; Reliance hits record high

Indian shares edged higher on Friday, helped by gains in financial stocks and a surge in conglomerate Reliance Industries after Abu Dhabi state fund Mubadala invested in its digital unit.
Reuters India - Published

Abu Dhabi-based Mubadala to invest over Rs 9000 crore in Jio Platforms

RIL subsidiary Jio Platforms is a next-generation technology platform focused on providing affordable, high quality digial services across India.
DNA - Published

Indian shares edge higher, led by Reliance, financials

Indian shares edged higher on Friday, helped by gains in financial stocks and a surge in conglomerate Reliance Industries after Abu Dhabi state fund Mubadala invested in its digital unit.
Reuters India - Published

Reliance Industries closes $7 billion rights issue, India's largest ever

India's oil-to-telecoms giant Reliance Industries on Wednesday closed a $7 billion rights issue, India's largest ever, luring buyers in with a rare deferred payment offer.
Reuters India - Published

Reliance launches JioMart online grocery service, challenging Amazon, Flipkart

Reliance Industries Ltd has launched an online grocery service, JioMart, the head of its grocery retail business said, in a move aimed at rivalling Amazon.com's local unit and Walmart Inc's Flipkart in..
Reuters India - Published

Factbox: Fundraising spree for Reliance's Jio Platforms values it at $65 billion

Reliance Industries has raised $10 billion in just a month through five stake sales in digital unit Jio Platforms, whose valuation has surged to $65 billion.
Reuters India - Published

KKR to invest $1.5 billion in Reliance Industries' digital unit, its biggest deal in Asia

KKR & Co Inc will invest $1.5 billion in Reliance Industries' Jio Platforms, its biggest investment in Asia to date and bringing the amount of new funds raised by the Indian digital company this month..
Reuters India - Published

Sensex, Nifty end higher on Bharti Airtel boost; banks fall

Indian shares ended higher on Tuesday after three days of losses, spurred by a surge in Bharti Airtel and optimism around a potential coronavirus vaccine, but a late slide in banking stocks and..
Reuters India - Published

Nifty, Sensex fall as economic package fails to impress; Reliance rises

Indian shares slipped on Monday as investors were unimpressed by the government's economic relief measures and coronavirus cases continued to rise steadily, while a boost in Reliance Industries and..
Reuters India - Published

Reliance in $870 million General Atlantic deal as Jio Platforms funding tops $8 billion

Reliance Industries on Sunday announced U.S. fund General Atlantic will invest 65.98 billion rupees ($870 million) in Jio Platforms, a fourth deal that takes investment in its digital unit to over $8..
Reuters India - Published

India launches contact-tracing app for JioPhones in virus battle

India's technology ministry said on Thursday it had rolled out a version of its Bluetooth contact-tracking app for 5 million JioPhones, the cheap internet-enabled devices sold by Reliance Industries'..
Reuters India - Published

Sensex, Nifty trim losses on stimulus hopes; Reliance tumbles

Indian stocks pared sharp early losses to end slightly lower on Tuesday on fresh hopes of economic stimulus to aid businesses battered by the coronavirus, even as a plunge in heavyweight Reliance..
Reuters India - Published

Sensex, Nifty surge as lockdowns ease; Reliance, automakers gain

Indian shares bounced on Monday, tracking a surge in Asian peers, as phased easing of coronavirus lockdowns at home and elsewhere spurred hopes of an economic recovery.
Reuters India - Published

Sensex, Nifty rise on Reliance boost, but end week sharply lower

Gains in Reliance Industries boosted Indian shares on Friday, but they ended the week sharply lower as coronavirus cases continued to spiral and markets awaited an economic stimulus.
Reuters India - Published

Indian shares follow Asian peers higher, Reliance jumps on new deal

Indian shares jumped on Friday, tracking a surge in Asian equities, as Reliance Industries gained on yet another stake sale, while investors also awaited economic stimulus for small businesses battered..
Reuters India - Published

India to roll out COVID-19 app for Reliance's JioPhone in bid to widen use

India will within days roll out a version of its coronavirus contact-tracing application that can run on mobile carrier Reliance Jio's cheap phones, as it looks to increase the reach of the system, a..
Reuters India - Published

Reliance to sell $750 million stake in unit to Silver Lake, on track to cut debt

India's Reliance Industries Ltd said on Monday private equity firm Silver Lake will invest nearly $750 million in its digital arm, days after securing a $5.7 billion investment from Facebook Inc ,..
Reuters India - Published

Covid-19 lockdown: Priyanka Gandhi urges telecom companies to provide free services to migrant labourers

Congress leader Priyanka Gandhi Vadra called upon telecom companies to make their services free for a month to enable the poor migrant labourers reach out to their near and dear ones. In separate..
IndiaTimes - Published

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In blow for Andhra, RIL scraps 15,000cr project over land row

"Despite protests by farmers, they served notices.Local police also threatened to book cases against farmers for obstructing officials from discharging their duties.
IndiaTimes - Published