Reliance Industries

Fortune 500 List: LIC Got 98th Place, RIL Shifted To 104th

Fortune 500 List: LIC Got 98th Place, RIL Shifted To 104th

In the recent Fortune 500 list, LIC, Life Insurance Corporation, beat Reliance Industries. The nation’s biggest life insurance company, with $97.26 billion and a profit of $55.8 million, has got 98th place, while Reliance has shifted to 104th place from 51 on the 2022 list.  This is the first time when LIC has made its…

Reliance Partners With UK Chain To Launch Sandwich And Coffee Chain India

Reliance Partners With UK Chain To Launch Sandwich And Coffee Chain India

After the fashion world, Reliance Brands Limited entered the Food & Beverages Space. On Thursday, the company announced a franchise partnership with ‘Pret A Manger’, a UK-based food and organic coffee chain, to launch and build British Sandwich and Coffee chain in India. Reliance is spreading its wings everywhere. Before this Reliance picked stakes in…

Reliance Retail Acquires 54% Shares in Addverb For ₹ 983 Cr.

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 Looking To Acquire Textile Industry ‘Sintex’

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….