Tag: Reliance

One cheer for 5G

A far more cautious global telecom community is working with vendors and competitors to ensure that unknown financial implications do not waylay them.

February 26, 2019

What is Rafale deal case? See timeline and everything you want to know

From the price agreed on to selection of the offset partner, the Rafale deal has however been mired in row on several fronts.

February 16, 2019

After Jio, Mukesh Ambani bets big on video streaming market

Jio services now include attractive lifestyle products – a streaming TV service with hundreds of channels, a digital payments system, a music library, a health care app, a connected home system, a messaging platform.

January 24, 2019

Reliance to invest additional Rs 3,000 crore in Odisha

"For Reliance, Jio is not just another business. It is a mission to transform India -- to transform Odisha," Ambani said.

November 12, 2018

Reliance launches ship to train Coast Guard cadets

Reliance Naval is the first private sector shipyard to launch the largest training ship for the Indian Coast Guard.

October 25, 2018

Sensex, Nifty close at new highs

Benchmark indices Sensex and Nifty continued their winning run for the fourth straight session today on hectic buying in L&T, RIL and NTPC stocks despite escalating trade war tensions.

August 23, 2018

Govt to move High Court against Reliance arbitration award, says Pradhan

A three-member international arbitration tribunal held that Reliance could sell any gas that might have migrated from adjoining fields of ONGC into its area

August 3, 2018

Anil Ambani writes to Rahul Gandhi, explains why Reliance got Rafale contract

He said Reliance Defence has the largest shipyard in the private sector at Pipavav in Gujarat and is currently building five Naval Offshore Patrol Vessels (NOPVs) for the Indian Navy and 14 Fast Patrol Vessels for the Indian Coast Guard.

July 26, 2018

Kejriwal demands CBI probe into DMRC concession agreement

Kejriwal alleged that DMRC "modified and wilfully manipulated" the concession agreement so as to give an "unfair and unwarranted advantage" to the concessionaire (Reliance) at the expense of public exchequer

July 13, 2018

Reliance to take on global e-commerce platforms

The plan was unveiled by Ambani at the 41st annual shareholders’ meeting in Mumbai last week

July 11, 2018

Reliance Home Finance logs 46% growth in income

Reliance Home Finance Ltd (RHFL) on Tuesday said it closed last fiscal with 46 per cent increase in its total income. In a statement issued here, the company said it has logged a total income of Rs 1,671 crore last fiscal, while the total assets under management stood at Rs 16,379 crore, an increase of …

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April 24, 2018

RIL to buy 73% stake in Embibe, plans to invest $180 mn in 3 yrs

Reliance Industries Ltd (RIL) said on Friday it has entered into agreements to acquire close to 73 per cent stake in education technology provider Indiavidual Learning Private Ltd (Embibe) and will invest $180 million into the company over the next three years.

April 13, 2018

Nitin Rao joins as Reliance Wealth Management CEO

Reliance Wealth Management, a subsidiary of Reliance Capital, on Wednesday announced the appointment of Nitin Rao as its new Chief Executive Officer. In this newly created role, Rao will report to Anmol Ambani, Executive Director at Reliance Capital, and will be responsible for driving a more broad-based strategy for growing the wealth management offering to …

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April 4, 2018

Mukesh Ambani’s son Akash to wed Shloka Mehta in December

Mukesh Ambani’s elder son Akash got engaged to Shloka Mehta, the youngest daughter of diamantaire Russell Mehta, at a ceremony in Goa, according to media reports. As the reports, the possible date for wedding could be around 8-12 December. However, there has been no official statement from both families. Akash and Shloka, who have studied …

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March 25, 2018

Reliance JioPhones likely to get WhatsApp soon

Reliance JioPhones, which run on KaiOS, a Linux-based light mobile Operating System (OS), may soon get WhatsApp. According to Wabetainfo.com, a fan site that tests new WhatsApp features early, as of February 2018 KaiOS Technologies have acquired many new partners, including Facebook that also owns the popular messaging platform. “After stopping support for BlackBerry OS …

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March 22, 2018

RInfra moves HC seeking arbitration award from DMRC

Reliance Infrastructure (RInfra) subsidiary Delhi Airport Metro Express (DAMEPL) has moved the Delhi High Court seeking execution of the arbitration award of Rs 5,200 crore it had won against Delhi Metro Rail Corp (DMRC), the company said on Tuesday. “In its petition filed under section 36 of the Arbitration and Conciliation Act in the division …

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March 20, 2018

Reliance ARC appoints Ravindra Rao as CEO

Reliance Asset Reconstruction Co (ARC), part of Reliance Capital, on Monday said it has appointed Ravindra Rao as its new Chief Executive Officer. The company said Rao has taken over as CEO from Asokan Arumugam, who was leading Reliance ARC for the last four years. “We are delighted to have a strong senior talent like …

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March 19, 2018