Reliance Industries
Reliance Jio develops own 5G network technology: report
11 Mar 2020
The new technology, which lets software undermine hardware on the technology front, will be a big negative for telecom gear suppliers as it would steal them of the potential profits Jio would otherwise have offered
RIL to consolidate media and distribution business under Network18
18 Feb 2020
The merger of TV18 Broadcast, Hathway Cable & Datacom, Den Networks into Network18 Media & Investments will create entity with about Rs8,000 crore in annual revenue and substantial economies of scale
RIL pushes use of waste plastics in road projects
30 Jan 2020
India produces plastics waste of over 25,940 tonnes every day, most of which ends up in landfills or the seas, in the absence of an organised system of plastic waste management
RIL reports record Q3 net profit of Rs11,640 crore
20 Jan 2020
Consumer business segment constituted about 37 per cent of RIL’s EBITDA, which is now set to equal hydrocarbon EBITDA
Reliance Jio emerges highest bidder for Reliance Infratel
15 Jan 2020
Bharti Airtel, which submitted bids for the Anil Ambani-led Reliance Communications, Reliance Infratel, and Reliance Telecom, failed to secure any of them while UVARCL has emerged top contender for Reliance Communications and Reliance Telecom
RIL launches its e-commerce venture My Jio Mart
31 Dec 2019
RIL’s online retail venture is backed by around 50,000 local grocers across the country and Reliance’s own retail arm Reliance Retail that operates 10,091 stores spanning nearly 7,000 towns in the country
Reliance and BP announce fuel retail joint venture, Jio-BP
17 Dec 2019
As per the agreement, BP will invest Rs7,000 crore for a 49 per cent stake in the joint venture, which will assume ownership of RIL’s existing Indian fuel retail network and access its aviation fuel business to create 5,500 retail sites over five years
RIL, Adnoc team up for ethylene dichloride project in Ruwais
11 Dec 2019
Under the terms of the agreement, Adnoc and RIL will create a facility to manufacture ethylene dichloride, a basic building-block for the manufacture of polyvinyl chloride, adjacent to Adnoc’s integrated refining and petrochemical site in Ruwais
Mukesh Ambani in talks to sell media assets to Times Group: Bloomberg
28 Nov 2019
RIL, which saw its media arm Network18 report a loss of Rs178 crore in the year ended March 2019 and a net debt of Rs2,800 crore, is weighing various options, ranging from an outright exit to a stake sale
RIL on the cusp of a digital makeover
29 Oct 2019
Mukesh Ambani had, during the launch of Jio, said “data is the new oil,” in a sign that the conglomerate is shifting focus from oil to data and digital services business, as a prelude to building an online platform like Amazon and Walmart
Retail, telecom push RIL's Q2 net to record Rs11,262 crore
21 Oct 2019
The results reflect the shifting focus of RIL to direct-to-consumer businesses, which helped offset energy weakness in September quarter
Saudi Aramco to buy 20% in RIL's oil-to-chemical business for $75 bn
12 Aug 2019
Saudi Aramco will supply 500,00 barrels of crude oil a day to RIL's Jamnagar refinery under the long-term partnership
Reliance, BP expand partnership with JV fuel service stations
06 Aug 2019
Building on Reliance's existing Indian fuel retailing network and an aviation fuel business, the partners expect the venture to expand rapidly to create at least 5,500 fuel retail outlets across India over the next five years
RIL reports Rs9,036-cr Q1 net profit on revenues of Rs172,956 cr
22 Jul 2019
RIL’s refining revenues, however, declined by 3.0 per cent to Rs96,384 crore ($14.0 billion) with exports falling by 4.5 per cent to Rs50,158 crore ($7.3 billion)
RIL, Turkey’s Kivanc team up for eco-friendly textile production
09 Jul 2019
The fabric, `R|Elan GreenGold’, is made from recycled PET, which substantially reduces emission of greenhouse gases and, according to RIL, its manufacture also doesn’t need much water since it is being made from pre-dyed fibres
Anil Ambani claims his group paid Rs35,000 cr to lenders in 14 months
11 Jun 2019
Ambani said the repayments were made in the face of heavy odds as regulatory bodies and courts are yet to pass final orders on claims aggregating to over Rs30,000 crore that are due for more than 5-10 years to various group companies
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