Recent Updates On The Reliance AGM 2023: Mukesh Ambani
Mukesh Ambani,Ā 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…
Monika Gola
Jio BlackRock: New Investment Solutions for India’s Investors
BlackRock and Mukesh Ambani-led Jio Financial Services (JFS) have announced a strategic collaboration to venture into India’s asset management space. The partnership aims to create a 50:50 joint venture named “Jio BlackRock,” combining the strengths and reputable brands of both companies to provide tech-enabled access to affordable and innovative investment solutions for millions of investors…
RIL Receives RBI Approval to Retain Extra $2 Billion from Lenders
Reliance Industries Limited, India’s largest conglomerate, has been granted approval by the RBI to retain an additional $2 billion from its lenders. This move by the RBI comes as a significant boost to RIL’s financial flexibility and underscores the company’s strong position in the Indian market. The approval allows RIL to retain the surplus funds…
Reliance To Launch āIndependenceā FMCG Brand In Gujarat
On Thursday, Reliance announced the launch of its own Fast-moving Consumer Goods brand (FMCG) āIndependenceā in Gujarat. With this, the company will enter the FMCG industry and sell products from staples to processed foods and other essentials.Ā The company plans to develop Gujarat as a āGo-to-marketā state to excel in the FMCG business and will…
Roopa
Mukesh Ambani Plans To Buy English Football Club
Indian billionaire Mukesh Ambani has now entered the race to bid for the globally-renowned English Football Club Liverpool takeover. The club has been put on sale by Fenway Sports Group, the current owner, which bought it in October 2010, according to the reports.Ā This is not the first time Ambani is eyeing a stake in…
Reliance Launched First In-house Fashion Store, AzorteĀ
Mukesh Ambani continues to hold his position in the luxury market of fashion and lifestyle as Reliance Industries Ltd launched its first in-house premium fashion brand, Azorte, on Thursday in Bangalore. This new fashion brand is named Azorte and is expected to grow as a chain of stores all around the country. Billionaireās daughter Isha…
Reliance Industries Is All Set To Acquire California-Based SenseHawkĀ
Oil to telecom amalgamation Reliance Industries has final agreements with California-based software development company SenseHawk to acquire a 79.4% stake in the company. As per RILās official statement, the acquisition has a valuation of $32 million and will happen through primary infusion and secondary purchase.Ā Established in 2018, SenseHawk is a California-based company that develops…
Shipra Prajapati
Gautam Adani Now The World’s Third Richest Person
Gautam Adani, Asia’s richest person, has become the world’s third richest man. With a whopping $ 137.4 billion fortune, Gautam Adani has taken over France’s businessman Bernard Arnault and now trails Elon Musk and Jeff Bezos of the US in the ranking.Ā It is the first time an Asian has broken into the top three…
5G Spectrum Sees Record-breaking Sales Of 1.45 Lakh Cr. On First Day
The government saw record-breaking sales of 1.45 lakh crore on Tuesday, the first day of the 5G spectrum auction. This amount is much higher than sales in 2015 of 1.1 lakh crore. The highly desired high-speed network is expected to roll over in top cities in India from September-October.Ā The auction for the 5G spectrum…
Adani Group Enters 5G Spectrum, Reliance Jio, and Bharti Airtel In Competition
Billionaire Gautam Adaniās group on Saturday confirmed its entry into the race to acquire a 5G spectrum, for which they have to apply for participation in the upcoming 5G spectrum auction. The company will use the technology to create a private network to support its business from airports to power as well as data centres.Ā Ā …