Reliance Fires Back On TRAI’s Allocation Decision
According to the letter seen by Reuters, Reliance opposed the TRAI decision to allocate the home satellite broadband spectrum, a market that is poised to grow at a pace of 36% a year to reach $1.9 billion by 2030. The letter mentioned that the company argues that the regulator has wrongly concluded that the broadband…
Suryansh
Ratan Tata’s Demise Shakes India’s Self-Reliance Vision
Ratan Tata, one of India’s leading business tycoons and industrialists, died on Wednesday at the age of 86 after a prolonged illness. He led the TATA group for 21 consecutive years from 1991-2012, the same period when the Tata conglomerate grew into a multinational giant. On Ratan Tata’s death, his family in a statement mentioned,…
Shipra Prajapati
Reliance Layoff Raises Economic Red Flags in India
India’s largest conglomerate, Reliance, announced an 11% reduction in its workforce, laying off 42,000 employees. According to Livemint, most of these employees were either contract workers or part-time employees. The company also hired 33% fewer fresh recruits than the previous year. RIL has recruited merely 1.17 lakh new recruits in this fiscal year. These changes…
abhinav singh
Reliance Industry, The Corporate Octopus Of India
Recently, news broke out that Reliance Industry is looking to invest Rs. 1000 crore to Rs. 3000 crore in India’s diagnostic sector. This came as a surprise to many. No one imagined that Reliance, originally an oil and gas company, would venture into the diagnostic business. However, looking at the portfolio of companies owned by…
Reliance Gears Up For Viacom18 Merger & African Telecom
Reliance, led by the richest Asian man, Mukesh Ambani, is set to make big moves. The multinational conglomerate is proceeding into Africa’s mobile broadband market via a Telecoms venture. With the launch of Next-Gen InfraCo, the company’s objective is to provide top-notch digital services in Ghana at affordable prices. On the other hand, it has…
Striking a Balance Between Globalisation and Self-Reliance to Stay Ahead of the Field
Globalisation has changed the world in more ways than one. It took 1,000 years for paper to spread from China to the rest of Europe. Today, the world has become more integrated and connected, and the propagation of information has become faster than ever before. Along with this, globalisation has also increased the dependence on…
Vikas
Reliance And Disney Merger: Media Titans Joins Hands
In a historic deal to change the landscape of media in India, Reliance Industries Limited and The Walt Disney Co. have signed a deal to merge their media business in India. According to the deal, the media unit of Reliance, Viacom18, will own 61% of the merger, with Disney owning the rest. According to sources,…
John David
Reliance Tops India’s Most Valuable Firms List Again
According to reports compiled by Axis Bank’s private banking unit Burgundy Private and Hurun India, Mukesh Ambani-led Reliance Industries has become the most valuable company in India with a Mcap(Market Cap) of Rs. 15.64 Trillion. The annual edition of Burgundy Private and Hurun 500 is curated based on the data from October 2022 and October…
Vipin
Recent Updates On The Reliance AGM 2023: Mukesh Ambani
Mukesh Ambani, Chairman and Managing Director of Reliance Industries, disclosed several significant measures and modifications at the Annual General Meeting (AGM) held on August 28, 2023. He mentioned India’s economic progress and emphasised that the “New Reliance” is leading the way for an evolving India. He highlighted robust growth across all Reliance’s business sectors, including…
Vishal Prajapati
5 Major Announcements To Look Out At Reliance AGM 2023
Reliance Industries Ltd (RIL) has recently announced that its 46th Annual General Meeting (AGM) will be held on August 28, 2023, at 2:00 PM. This significant event marks an important milestone for the company, as shareholders can gather and discuss various topics related to RIL’s operations, strategies, and plans. As always, the AGM is expected…