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Reliance Industries share price falls over 4%; Sensex, Nifty trade lower ahead of poll results
Posted on 10th December 2018
Reliance Industries Limited (RIL) shares fell over 4 percent today as the benchmark equity index BSE Sensex plunged 550 points Monday in view of exit poll results ahead of outcome of state elections, weakening rupee and crude oil price rise amid rise in US-China trade tensions. The RIL shares fell 47.30 points, or 4.17 percent, to Rs 1085.95, losing the most among the 30-participants of the index today.

Gas theft case: HC seeks response from Reliance, others
Posted on 8th December 2018
The Delhi High Court on Friday sought response from Mukesh Ambani-led Reliance Industries (RIL) and its partners on the government’s petition accusing it of “unjust enrichment of over $1.729 billion” by siphoning gas from deposits they had no right to exploit.

Justice Rajiv Shakdhar while seeking response from the RIL, its partners – UK-based BP Plc and Niko Resources of Canada – posted the matter for directions on December 15.

Reliance Industries arm invests in visual storytelling start-up NEWJ
Posted on 29th November 2018
Reliance Industrial Investments and Holdings (RIIHL), a wholly owned subsidiary of Reliance Industries, has invested in New Emerging World of Journalism Private (NEWJ), a start-up that curates and produces video content for smartphone users. As initial tranche, RIIHL has subscribed to 30,000 equity shares and 125 compulsory convertible debentures for total cash aggregating to Rs 1.03 crore and consequently NEWJ has become a subsidiary of RIIHL and RIL, a company statement said.

RIL's arm acquires substantial stake of Rs 10.3 mn in media startup NEWJ
Posted on 28th November 2018

Reliance Industries arm has acquired substantial stake in media startup New Emerging World of Journalism (NEWJ) with an initial investment of Rs 10.3 million.

As initial tranche, RIIHL (Reliance Industrial Investments and Holdings Limited) has subscribed to 30,000 equity shares and 125 compulsory convertible debentures for total cash aggregating to Rs 10.3 million and consequently NEWJ has become subsidiary of RIIHL and the company, RIL said in a late regulatory filing on Tuesday.

Mukesh Ambani plans to expand RIL Jamnagar complex to make world’s largest refinery even bigger
Posted on 19th November 2018
Billionaire Mukesh Ambani-owned Reliance Industries Ltd. is considering a plan to boost its oil-refining capacity by about half, people with knowledge of the matter said. The proposed plant, to come up at the world’s biggest refining complex in Jamnagar, will be able to process as much as 30 million tons of crude a year, the people said asking not to be identified because the discussions are private. A Reliance spokesman didn’t reply to an email seeking comment.

Reliance pips TCS to become most-valued firm
Posted on 16th November 2018
New Delhi: Shares of Reliance Industries (RIL) Friday rose over 2% helping the oil-to-telecom major pip Tata Consultancy Services (TCS) to become the most-valued company in terms of market capitalisation.

RIL’s 10,000 crore shopping spree for Reliance Jio, Reliance Retail
Posted on 5th November 2018
Mumbai: Acquisitions were not its second nature. But when the yarn-to-telecom conglomerate, Reliance Industries Ltd (RIL) saw that it may be a tad lagging in building its new-age businesses, inorganic growth was the only route plausible. Over the past 11 months, RIL through its web of subsidiaries, has either acquired or struck partnerships with more than two dozen entities to expand Reliance Jio Infocomm Ltd and Reliance Retail, spending nearly 10,000 crore.

Reliance Jio, Reliance Retail overtake RIL petchem in sales
Posted on 31st October 2018
Mumbai: In June 2015, when Reliance Industries Ltd (RIL) chairman Mukesh Ambani said retail and telecom would be the sunrise sectors for the company, many investors were sceptical. Three years on, Reliance Retail and Reliance Jio Infocomm Ltd have jointly crossed revenues of RIL’s petrochemicals business, for long its second-largest revenue generator after oil refining and marketing.

RIL’s partnership with Hathway, Den to hit broadcasters, DTH players; India Ratings explains how
Posted on 26th October 2018
The billionaire Mukesh Ambani-led Reliance Industries Ltd’s strategic partnership with Den Networks Limited and Hathway Cable and Datacom Limited might be a ‘win-win’ for all three companies, but it will have a negative impact on broadcasters and direct-to-home (DTH) players, India Ratings (Ind-Ra) said on Friday. The deal would lead to consolidation in the multiple system operators (MSOs) market, and this, in turn, could be negative for broadcasters by impacting their bargaining power to command higher subscription revenue, Ind-Ra said.

RIL Chairman Mukesh Ambani explains how digital revolution will help realise Modi’s 4 ambitious goals
Posted on 25th October 2018
India Mobile Congress 2018: Reliance Industries’ Chairman Mukesh Ambani on Thursday showed confidence in India’s data-led growth and said digital revolution would help realise four ambitious goals of Prime Minister Narendra Modi, namely – doubling farmers’ income, Ayushman Bharat Scheme, quality education and employment generation. “With world-class digital infrastructure in place… India is now ready to not only embrace… but actually lead the Fourth Industrial Revolution.

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