Ambani’s Reliance Consumer Products Limited to set up integrated manufacturing facility in Tamil Nadu

[ad_1] Mukesh Ambani. File photo Mukesh Ambani’s Reliance Consumer Products Limited will set up an integrated manufacturing facility in Tamil Nadu, entailing investments worth ₹1,156 crore. Tamil Nadu’s Industries Minister T.R.B Rajaa, in a post on X, said that the facility will come up at SIPCOT Allikulam industrial park in Thoothukudi. “This facility will span […]

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Russia’s Rosneft in early talks with Reliance to sell stake in India unit

[ad_1] Russian oil giant PJSC Rosneft Oil Company is in early talks with Reliance Industries for sale of its 49.13% stake in Nayara Energy, which operates a 20-million tonnes-a-year oil refinery and 6,750 petrol pumps in India, sources said. Reliance has held preliminary talks for acquisition of Nayara, which will help it overtake state-owned Indian […]

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JioCinema unveils premium pricing in India, begins streaming ‘Succession’, ‘The Last of Us’

[ad_1] ‘Succession’, ‘The Last of Us’ Indian billionaire Mukesh Ambani’s streaming platform JioCinema announced premium pricing of 999 Indian rupees ($12) a year, its first step to move away from a free content model to fight global rivals such as Netflix and Disney in the country. The move comes weeks after a Reliance’s Viacom18 struck […]

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Reliance re-auctions gas in line with new govt rules

[ad_1] Reliance Industries Ltd and its partner BP PLC have re-launched an auction for sale of natural gas from their eastern offshore KG-D6 block after incorporating the government’s new marketing rules to give CNG-selling city gas companies first priority over supplies. Reliance and its partner BP Exploration (Alpha) Ltd (BPEAL) will sell 6 million standard […]

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Future Enterprises admitted for insolvency

[ad_1] Image for representational purpose only. | Photo Credit: Reuters After Future Retail, another Kishore Biyani company Future Enterprise has been admitted to insolvency resolution, requiring the firm to be auctioned to recover unpaid dues. In a regulatory filing, Future Retail said the Mumbai bench of the National Company Law Tribunal on March 7 “ordered […]

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Reliance to set up 10-gigawatt solar energy project in A.P.: Mukesh Ambani

[ad_1] Chief Minister Y.S. Jagan Mohan Reddy shares a lighter movement with the MD of Reliance group Mukesh Ambani at the inaugural session of the Andhra Pradesh Global Investors’ Summit in Visakhapatnam on March 3, 2023. | Photo Credit: K.R Deepak Reliance Industries Chairman Mukesh Ambani on Friday said his group will be investing in […]

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LIC’s move to sell Reliance Capital’s debt to ARC upsets lenders, bidders

[ad_1] Life Insurance Corporation of India (LIC) logo | Photo Credit: Reuters Days ahead of the deadline to submit binding bids, LIC’s move to sell its ₹3,400 crore secured principal debt of cash-strapped Reliance Capital Ltd (RCL) to an asset reconstruction company (ARC) has irked its lenders and bidders. The last date for submitting binding […]

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Reliance JioBook goes on sale in India: Here’s why this budget laptop is different

[ad_1] Reliance, after entering the mobile phone market, expanded its presence further by making its debut in another product category. The Mukesh Ambani-owned company launched its first laptop in India last week in the sub-Rs 20,000 segment. This isn’t your usual Windows laptop though, or even a Chromebook, because it runs a custom flavour of […]

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Mid-course changes in gas pricing to delay investments: Reliance

[ad_1] ‘The mid-course changes through price caps not just go against pricing and marketing freedom contracts and government policy promises to companies but also add to uncertainty to a fiscal regime which would impact investments’ ‘The mid-course changes through price caps not just go against pricing and marketing freedom contracts and government policy promises to […]

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Reliance seeks repeat of phone success with $184 laptop: Sources

[ad_1] The JioBook, which will be embedded with a 4G sim card, will be available to schools and government institutes from this month, while a consumer launch is anticipated within the next three months The JioBook, which will be embedded with a 4G sim card, will be available to schools and government institutes from this […]

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