The operating profit of Mukesh Ambani promoted Reliance Industries' (RIL) is expected to take a hit in the June quarter. Analysts estimate a decline in earnings before interest, taxation, depreciation and amortization (EBITDA). The company is also expected to see its slowest profit growth in the last 15 quarters. RIL will report its June 2019 ended quarter results on Friday.

Reliance Industries Ltd (RIL) Monday said it has tied up with Turkish textile manufacturer Kivan Tekstil to manufacture and market its sustainable and eco-friendly fabric brand R|Elan's GreenGold fabric in Turkey.

"Apart from manufacturing and marketing R|Elan GreenGold fabrics, Kivan will be the exclusive distributor of Recron GreenGold fibres to spinners, yarn manufacturers and knitters across Turkey.

The Ministry of Corporate Affairs (MCA) has sent a notice to Reliance Industries Ltd (RIL) over violation of the Corporate Social Responsibility (CSR) norms.

The government may soon start inspection of its CSR projects, where the company has reportedly spent 2% of its net profits as mandated by the law.

Reliance Industries has toppled state-owned Indian Oil Corporation (IOC) to become the country’s biggest company by revenue.

In 2018-19, Reliance has reported a turnover of Rs 6.23 lakh crore. In comparison, IOC posted a turnover of Rs 6.17 lakh crore for the fiscal, according to regulatory filings by the two companies.

The Mukesh Ambani-led Reliance Industries (RIL), which was about half the size of Indian Oil Corporation (IOC) till nearly 11 years ago, has displaced the public sector refiner as the biggest company by revenue.

While the net revenue of RIL surged by 44.8% in FY19 to `5.67 lakh crore, the revenues of IOC rose by 28.03% during the year to `5.28 lakh crore — `38,986 crore less than that of RIL, Bloomberg data show.

Reliance Industries along with BP have bid for an exploration acreage for the first time in their eight-year partnership under the government’s open acreage licensing policy for oil and gas that has put 32 blocks up for auction.

Reliance-BP has made an offer for one block in the Krishna-Godavari basin. The block had been demarcated by BP earlier.

Richest Indian Mukesh Ambani-led Reliance Industries' entry into online retailing will help expand the current 15,000 digitised retail stores to over 5 million by 2023, a study of Bank of America Merrill Lynch said.As much as 90 per cent of India's USD 700 billion retail market is unorganised, made up mostly of neighbourhood kirana stores selling groceries and other sundries.

Reliance Industries subsidiary Reliance Brands Ltd (RBL) is acquiring 100% stake in Hamleys Global Holdings, the owner of British toys brand Hamleys, from Hong Kong-based C Banner International Holdings. An agreement to this effect has been signed between the two entities, RBL said in a statement late Thursday evening.

As Paytm’s e-commerce unit struggles to compete against Amazon and Walmart-owned Flipkart that jointly commands close to 80% of the country’s e-commerce market, the former is understood to be in preliminary discussion with investors to raise around $500 million, an industry source told FE. The bulk of the funds would be spent on building Paytm Mall’s O2O (online-to-offline) strategy, the source said.

Shares of billionaire Mukesh Ambani-led Reliance Industries extended losses on Thursday, after global firm Morgan Stanley downgraded the stock. RIL share price tanked by more than 3% to hit the day’s low at Rs 1,259.15. Notably, the shares have lost more than 10% this week alone, taking the overall mcap loss to more than Rs 88,000 crore in the period.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.