Reliance Industries
RIL to acquire 61% stake in Walt Disney India: report
28 Feb 2024
Walt Disney is reported to have agreed to sell 61 per cent of its India business to Viacom 18, the media arm of Reliance Industries Ltd, in what is seen as a major development in the Indian media and entertainment industry.
RIL to convert its 5,000 diesel trucks to green hydrogen-powered trucks
05 Feb 2024
Reliance Industries Ltd (RIL) is planning to convert its internal fleet of nearly 5,000 diesel-powered trucks into green hydrogen-powered trucks as part of the company’s green initiatives.
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Jio Financial’s Q3 net profit down 56% at Rs294 crore
18 Jan 2024
Mukesh Ambani group’s financial services company Jio Financial Services has reported a net profit of Rs294 crore for fiscal third quarter (October-December 2023), down 56 per cent from Rs668.18 crore
Mukesh Ambani re-enters the $100 billion club
12 Jan 2024
Mukesh Ambani, the prominent figure in India’s business landscape, has reclaimed his position in the exclusive $100 billion club. On Thursday, 11 January 2024, the chairman of Reliance Industries Ltd. witnessed his wealth surge by $2.8 billion, reaching an impressive $101.8 billion.
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Reliance, Disney to consolidate media operations in India
26 Dec 2023
Reliance Industries is reported to have signed a non-binding agreement with Walt Disney Company for merger of their media operations in India.
Reliance Retail to buy out minority shareholders
11 Jul 2023
Reliance Retail will pay Rs1,362 per share to a host of global investors, including KKR, Mubadala, Abu Dhabi Investment Authority, General Atlantic, GIC and TPG, who together hold a 10.09 per cent stake in the company
RIL-bp starts production at third deepwater field in KG D6 block
10 Jul 2023
At its peak, the three fields in the KG D6 block will together produce around 30 million standard cubic metres of gas a day (1 billion cubic feet a day), amounting to a third of India’s current domestic gas production
Jio-bp introduces E20 blended petrol
15 Feb 2023
RIL appoints K V Kamath as an independent director
07 Nov 2022
Kamath will also serve as an independent director and non-executive chairman of Reliance Strategic Investments Limited (RSIL), a wholly-owned subsidiary of the company engaged in the financial services business
RIL Q2 net almost static at Rs15,512 cr
25 Oct 2022
Reliance Industries’ standalone net profit declined by 25.1 per cent to Rs6,915 crore for the quarter ended 30 September 2022 even as Jio Platforms, a subsidiary of RIL, reported a 26.9 per cent increase in consolidated net profit at Rs4,729 crore
RIL Q1 net profit up 46% at Rs17,955 cr; revenue jumps 57% to Rs2,43,999 cr
25 Jul 2022
The resurgent demand fuels in a tighter market improved product margins in the oil business while a surge in customer base boosted revenues and profits in the telecom and retail sectors, RIL stated
Featured articles
Lighter than air, yet very, very powerful
By Kiron Kasbekar | 03 Jan 2024
In March 2013 Chinese scientists pulled off a remarkable feat. They created the world’s lightest aerogel. Tipping the scales at a mere 0.16 milligrams per cubic centimeter – that’s a sixth of the weight of air!
COP28 explained: A closer look at COP28's climate change solutions
By Aniket Gupta | 27 Dec 2023
The 28th United Nations Climate Change Conference, also known as COP28, took place from 30th November 2023, to 13th December 2023, at Expo City in Dubai, United Arab Emirates.
What is a Ponzi scheme?
By Aniket Gupta | 06 Dec 2023
Ponzi schemes have long captivated the public imagination, drawing unsuspecting investors into a web of illusion and deception.
The Rise and Rise of HDFC Bank
03 Jul 2023
HDFC, which surged ahead of global majors like HSBC Holdings Plc and Citigroup Inc and left Indian peers like State Bank of India and ICICI Bank in market capitalisation, now ranks fourth largest among the world’s most valuable banks, after JPMorgan Chase & Co, Industrial and Commercial Bank of China Ltd and Bank of America Corp
India’s Millet Revolution To Enrich Global Food Basket
02 Apr 2023
Millets, a healthier and cheaper substitute to wheat and rice, are indigenous to many parts of the world, especially in the semiarid tropics of Asia and Africa, and offers a big scope for expanding production and consumption in the foodgrain deficient African continent
Market predator Hindenburg preys on Adani stock
06 Mar 2023
Almost a month after the damning report of short-seller Hindenburg Research on the Adani Group that claimed that the seven stocks within the group were about 85 per cent overvalued, one of the group's stocks, Adani Total Gas, closed at Rs835 on the BSE, down nearly 79 per cent from its 24 January level, almost close to reaching that valuation
