Sunday, June 23, 2024

Reliance

TA'ZIZ, Reliance sign shareholder agreement Ruwais chemicals project

NEW DELHI; Abu Dhabi Chemicals Derivatives Company RSC Ltd (TA'ZIZ) and Reliance Industries Ltd (RIL) have signed the formal Shareholder Agreement for the TA'ZIZ EDC & PVC project.

Reduce reliance on fossil fuels, says Dalai Lama on Earth Day

DHARAMSALA: Advocating the need to reduce reliance on fossil fuels and to adopt renewable sources of energy, globetrotting Tibetan spiritual leader, the Dalai Lama, in a message to mark Earth Day said not only human beings, but animals, birds and insects too want to live a happy life.

Reliance Commercial Finance resolution approved by over 99% debenture holders

NEW DELHI: Non-banking finance company Authum Investment and Infrastructure's resolution plan has been voted with an overwhelming majority of over 99 per cent by the debenture holders of Reliance Commercial Finance Ltd.

Delhi HC dismisses DMRC plea for refund of Rs 678 Cr paid to Reliance Infra lenders

NEW DELHI: Delhi High Court (HC) has dismissed the Restitution Application of Delhi Metro Rail Corporation (DMRC) that had sought a refund of Rs 678 crore paid by the company to the lenders of Delhi Airport Metro Express Pvt. Ltd, (DAMEPL), a subsidiary of Reliance Infrastructure Limited, in 2018.

Amazon vs Future: SC asks Future not to proceed with sale of retail assets to Reliance till next hearing

NEW DELHI:  The Supreme Court on Thursday said it will hear on November 23, the Future group plea against Amazon NV Investment Holdings, over former's sale of retail assets to the Reliance group. The top court orally asked the Future group to not proceed with the matter at any other forum till the top court finally hears the case.

Reliance Retail to launch 7-Eleven convenience stores in India

MUMBAI: Reliance Retail Ventures Limited (RRVL), through its wholly owned subsidiary, 7-India Convenience Retail Limited, has entered into a master franchise agreement with 7-Eleven, Inc. (SEI) for the launch of 7-Eleven convenience stores in the country.

T-Series, Reliance Entertainment join hands to produce films; investment pegged at Rs 1,000cr

MUMBAI:  In one of the Indian film industry's biggest collaborations, T-Series and Reliance Entertainment have joined hands to produce more than 10 films together across varied genres, including big-budget tentpoles as well as mid- and small-budget content-rich films.

E-comm rules: Fight between Amazon, Flipkart vs Reliance, Tata to intensify

NEW DELHI: As ecommerce regulations are tightened, fight between foreign companies Amazon, Flipkart and Indian companies Reliance, Tata Group is set to intensify.Foreign brokerage, Jefferies said in a note, "The proposed rules now target indirect ownership in vendors, own label, flash sales. Fight between foreign cos (Amazon, Flipkart) & Indian cos (Reliance, Tata Grp) is set to intensify".

E-comm rules: Fight between Amazon, Flipkart vs Reliance, Tata to intensify

NEW DELHI: As ecommerce regulations are tightened, fight between foreign companies Amazon, Flipkart and Indian companies Reliance, Tata Group is set to intensify.Foreign brokerage, Jefferies said in a note, "The proposed rules now target indirect ownership in vendors, own label, flash sales. Fight between foreign cos (Amazon, Flipkart) & Indian cos (Reliance, Tata Grp) is set to intensify".

Reliance Retail is second fastest growing retailer in the world

NEW DELHI: Reliance Retail ranks 53rd in the list of Global Powers of Retailing by Deloitte, improves from 56th earlier.It remains the 2nd fastest growing retailer in the world despite the base effect of being No.1 last year.

Reliance, bp start 2nd new deepwater gas field in KG D6 block

MUMBAI: Reliance Industries Limited (RIL) and bp on Monday announced the start of production from the 'Satellite Cluster' gas field in block KG D6 off the east coast of India.

Maha CM's wife Rashmi Thackeray shifted to Reliance hospital

MUMBAI: Maharashtra Chief Minister Uddhav Thackeray's wife, Rashmi -- who tested positive for Covid-19 last week and was in quarantine -- was shifted to a private hospital around midnight of Tuesday-Wednesday, party sources said.

Reliance will bear full cost of vax for employees & families: Nita Ambani

NEW DELHI: Reliance Industries Limited (RIL) will bear the full cost of Covid 19 vaccination for its employees and their families.Nita Mukesh Ambani, Founder and Chairperson, Reliance Foundation in a letter to members of the Reliance family said, "In our Reliance Family Day 2020 message, Mukesh and I had personally assured you that as soon as any approved Covid 19 vaccine is available in India, we will do our best to plan early vaccination for all Reliance employees and family members. We remain committed to this goal and to contributing to our nation's collective ability to end the coronavirus pandemic as soon as possible."

Reliance Power, JERA to launch gas-fired project in Bangladesh

MUMBAI: Reliance Power Limited ("Reliance Power") and JERA Co. Inc. ("JERA"), through their joint venture project company, are developing a new gas-fired power generation project in Bangladesh. The project company has achieved financial closure for the project with a group of lenders that includes Japan Bank for International Cooperation ("JBIC") & Asian Development Bank ("ADB") and all requisite conditions for availing drawdown under the loan agreements have been satisfied.

You played Narad to block Reliance-Future deal: FMCG distributors to Bezos

NEW DELHI: All India Consumer Products Distributors Federation has written to Jeff Bezos, Chairman and CEO, Amazon that he decided to play 'Narad' to block the Reliance-Future deal.

Delhi HC stays implementation of status quo on Future-Reliance deal

NEW DELHI: The Delhi High Court on Monday stayed the implementation of status quo ordered by a single-judge bench on the Rs 24,713 crore deal between Future Retail Ltd and Reliance.

Reliance Marcellus to sell its upstream assets in Pennsylvania

MUMBAI: Reliance Marcellus, LLC, a wholly owned subsidiary of Reliance Industries Limited on Thursday announced the signing of agreements to divest all of its interest in certain upstream assets in the Marcellus shale play of south-western Pennsylvania.

Delhi HC orders status quo on Future-Reliance deal

NEW DELHI: In a big relief to Amazon, the Delhi High Court on Tuesday directed Future Retail Ltd to maintain status quo in relation to its deal with Reliance, the Bar and Bench reported.

Reliance Infratel resolution plan approved by NCLT Mumbai

NEW DELHI: The Reliance Infratel resolution plan has been approved by NCLT Mumbai.
The lenders will get Rs. 4,400 crore from Reliance Digital Platform, a group company of Reliance Jio is the successful Resolution Applicant.

Govt-owned NABARD gives clean chit to Reliance Commercial Finance

NEW DELHI: Government-owned National Bank for Agriculture and Rural Development (NABARD), the second largest lender to Reliance Commercial Finance Limited (RCF) with over Rs 1,100 crore of secured loan exposure, has given a clean chit to RCF and has removed its red flag.

Reliance Jio-Qualcomm develop India's first 5G product, achieve 1000 MB throughput 

NEW YORK: India's Reliance Jio, which has over 400 million subscribers on its 4G network in India, announced on Tuesday that it has developed a 5G RAN product in partnership with US wireless-communication chip giant Qualcomm Inc, that has "achieved over one gigabits (1000MB) of throughput".

Reliance Big Synergy's new comedy 'Haasya Da Halla Payega Jaswinder Bhalla' to air on Zee Punjabi

MUMBAI:Reliance Entertainment's Reliance Big Synergy's new comedy non-fiction series "Haasya Da Halla Payega Jaswinder Bhalla" will premiere on Punjab's GEC leader Zee Punjabi on October 24 at 7 p.m.

TPG to invest Rs 1,837 crore in Reliance Retail Ventures

NEW DELHI:Reliance Industries Limited and Reliance Retail Ventures Limited (RRVL) announced on Saturday that global investment firm TPG will invest Rs 1,837.5 crore into RRVL, a subsidiary of Reliance Industries.

GIC to invest Rs 5,512 crore in Reliance Retail Ventures

NEW DELHI:Reliance Industries Limited and Reliance Retail Ventures Limited (RRVL) announced on Friday that Singapore's GIC will invest Rs 5,512.5 crore into RRVL, a subsidiary of Reliance Industries.

KKR to invest Rs 5,500 cr in Reliance Retail ventures

MUMBAI:Reliance Industries Limited on Wednesday announced that global investment firm KKR will invest Rs 5,550 crore into its subsidiary Reliance Retail Ventures Limited to pick up 1.28 per cent equity in the company.

Silver Lake to invest Rs 7,500 cr in Reliance Retail

MUMBAI:Reliance Industries Limited (RIL) on Wednesday announced that Silver Lake will invest Rs 7,500 crore into its subsidiary Reliance Retail Ventures Limited (RRVL).

Reliance deal going through due diligence: Saudi Aramco CEO

NEW DELHI:The mega deal for Saudi Aramcos $15 billion stake in the oil to chemicals business of Reliance Industries Limited (RIL) is going through due diligence and a decision will be taken after a review, Saudi Aramco CEO said on Monday.

Reliance Jio's frontline warriors ensure Punjab stays connected even in lockdown

CHANDIGARH:  Reliance Jio's frontline warriors in Punjab are working tirelesly day and night to ensure that its over 1.33 crore users stay connected with the outside world during this lockdown. Jio's engineers across Punjab circle which includes Chandigarh and Panchkula are continuously on the field to provide a lifeline to people through its uninterrupted voice calling and high speed internet services on mobile and broadband through its JioFiber.

Self-reliance in small arms manufacturing is a necessity – Chief of Integrated Defence Staff to CISC

Reliance Jio to be among top 100 brands in 3 years: Report

NEW DELHI: The rate at which Reliance Jio is currently growing, the company will be among the 100 most valuable brands globally within three years, according to a report by communication services provider WPP and market research firm Kantar Millward Brown.

Good response to Offer for Sale of stake in RNAM: Reliance Capital

The Anil Ambani-led Reliance Capital on Tuesday said that the Offer for Sale (OFS) of its stake in Reliance Nippon Life Asset Management Ltd (RNAM) had received an excellent response from investors.

Reliance Jio acquiring Haptik for Rs 200 cr: Report

Reliance Jio is reportedly acquiring Haptik -- one of the world's largest conversational Artificial Intelligence (AI) platforms -- for over Rs 200 crore.

Reliance industries limited announces strategic transaction with Saavan to form India's largest platform for music,media & artists

Reliance Industries Limited (“RIL”) today executed definitive agreements for combination of Saavn, a leading global music OTT platform, with its digital music service, JioMusic. The combined entity is valued at over US$1 billion, with JioMusic’s implied valuation at US$ 670 million.