Adani, TotalEnergies Joins Hands To Invest In Green Hydrogen
Adani New Industry Ltd (ANIL) teamed up with TotalEnergies to invest $50 billion in green hydrogen, the deal was announced on Tuesday. French giant TotalEngeries will buy a quarter of the equity in ANIL, part of Adani’s eponymous group. The company will invest a set amount for a period of over ten years. With this…
Yash Sharma
26% Growth In Total Wealth Of Indian Billionaires In FY22
The fiscal year 2021-2022 has showcased nearly 26 per cent growth in the combined income of India’s multibillionaires, which adds up to 750 billion dollars. Toping up the list, there is reliance industries chairman, Mr Mukesh Ambani. His net worth is around $99.6 billion. However, speculations are that the launch of TATA Neu on April…
Aman Goyal
Top CEO in India: Leaders of the Biggest Companies
The highest rank for a corporate professional is Chief Executive Office which we formally abbreviate as CEO. The top CEO in India receives a ten-digit salary. As the highest position holder in an organisation, a CEO is responsible for executing plans, business strategies, and policies of an organisation. Overall, a CEO is the one who…
John David
Reliance Retail Acquires 54% Shares in Addverb For ₹ 983 Cr.
Reliance Retail Venture Ltd., the retail unit of Reliance Industries Ltd., has now acquired 54% stakes in Robotic Company, Addverb Technologies for ₹ 983 Cr. ($ 132 million approximately). Before this, Reliance has picked 25.5% stacks worth in Dunzo for $240 million. With this, the company is expecting business extension in Europe and US and…
Reliance Retail Buys 25.8% Stakes in Dunzo Worth $240 Million
Reliance has picked 25.5% stakes worth $240 million in Dunzo – a Google-backed hyperlocal delivery startup, as the largest Indian retail chain expands to the instant commerce space. Dunzo is a six-year-old startup that operates an eponymous hyperlocal delivery service in seven cities of India including Delhi, Bengaluru, Gurugram, Pune, Chennai, Mumbai, and Hyderabad. Its…
Reliance Looking To Acquire Textile Industry ‘Sintex’
Reliance, partnering with Assets Care & Reconstruction Enterprise Ltd., plans to hire Sintex Industries Ltd. under the bankruptcy resolution process, Sintex revealed in a filing on Sunday. Mukesh Ambani’s Reliance Industries Ltd., along with a partner, are planning to take over a bankrupt Indian Textile firm ━ Sintex Industries Ltd., according to a stock-exchange filing….
Jio-BP To Partner With Mahindra For Low-Carbon EV, Signs MoU
Jio-BP and Mahindra Group have teamed together to investigate battery swapping technologies for electric three-wheelers, as well as Mobility as a Service (MaaS) and Battery as a Service (BaaS). Reliance BP Mobility Limited (RBML), which operates under the Jio-BP brand, signed a non-binding Memorandum of Understanding (MoU) with the Mahindra Group today. With this MoU,…
RIL Partners With Abu Dhabi Chemical Firm For A $2 B Venture
The state-owned chemicals derivatives firm (TA’ZIZ) of Abu Dhabi and Reliance Industries, headed by billionaire Mukesh Ambani, have agreed to create a $2 billion chemical manufacturing cooperation in Ruwais, Abu Dhabi. According to a regulatory filing made today to the stock markets by Reliance Industries, the joint venture, known as ‘TA’ZIZ EDC & PVC,’ would…
Dhirubhai Ambani Success Story: The Man Who Rose From Ashes
“If you don’t build your dream, someone else will hire you to help them build theirs.” This Dhirubhai Ambani quote is so inspiring and motivational that it constantly forces us to get up and chase our dreams. Today we will talk about the most inspiring success story of the man who rose from ashes –…
Reliance New Energy Solar to Buy 40% Stakes in Sterling and Wilson Solar
On Monday, Reliance Industries (RIL) shares hit a new high after Reliance New Energy Solar LTD announced the acquisition of two companies, intensifying its drive into green energy. Nifty rocketed to a new high of 18,000, after gains in index heavyweights RIL and banks. Mukesh Ambani’s conglomerate, RIL made two purchases over the weekend, including…
