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…
Shipra Prajapati
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…
SBI Beats Reliance Industries to Claim Top Spot Profit Race
In a remarkable turnaround, the State Bank of India (SBI) has outshined Reliance Industries (RIL) to become the front-runner in India’s corporate profit arena. For the quarter ending June 2023, SBI, the country’s largest public sector lender, reported a consolidated net profit of Rs 18,537 crores, surpassing RIL’s quarterly net profit of Rs 16,011 crore….
Reliance Industries Share Price Soars with Jio Financial Services Demerger
Reliance Industries Ltd (RIL) experienced significant buying interest among Indian stock market investors on Monday morning, as the company announced plans to unlock value through the demerger of Jio Financial Services. The share price of Reliance opened higher today and reached a peak of ₹2756 per share on the National Stock Exchange (NSE), surpassing its…