Reliance Industries names new chief financial officer

Reliance Industries names new chief financial officer

Reliance Industries Ltd has appointed Srikanth Venkatachari as chief financial officer. Image for representation only | Photo Credit: Reuters Reliance Industries Ltd has appointed Srikanth Venkatachari as chief financial officer effective June 1, according a late evening release by the company. He takes over from Alok Agarwal, who has been CFO since 2005, and will […]

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Reliance re-auctions gas in line with new govt rules

Reliance re-auctions gas in line with new govt rules

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 cubic […]

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Mukesh Ambani completes 20 years at helm of Reliance

Mukesh Ambani completes 20 years at helm of Reliance

Mukesh Ambani, who took over the reins of Reliance Industries Ltd (RIL) after the sudden demise of his legendary industrialist father Dhirubhai Ambani, completes 20 years at the helm during which the company saw a 17-fold jump in revenues, 20-times surge in profit and has become a global conglomerate. Following Dhirubhai’s death in 2002, Mr. […]

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Reliance Industries Ltd to demerge financial services unit, to list it as Jio Financial Services

Reliance Industries Ltd to demerge financial services unit, to list it as Jio Financial Services

JFSL would be listed on the Indian stock exchanges. RSIL is currently a wholly-owned subsidiary of RIL and is a RBI-registered non-Deposit taking Systemically Important (ND-SI) Non-Banking Financial Company. JFSL would be listed on the Indian stock exchanges. RSIL is currently a wholly-owned subsidiary of RIL and is a RBI-registered non-Deposit taking Systemically Important (ND-SI) […]

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Jio 5G across India by Dec 2023: Mukesh Ambani

Jio 5G across India by Dec 2023: Mukesh Ambani

Reliance Industries in August announced the rollout of 5G services from four metro cities of Delhi, Mumbai, Chennai and Kolkata by Diwali Reliance Industries in August announced the rollout of 5G services from four metro cities of Delhi, Mumbai, Chennai and Kolkata by Diwali Reliance Jio, the nation’s biggest telecom firm, will expand 5G telephony […]

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Reliance Retail launches new premium fashion and lifestyle brand AZORTE

Reliance Retail launches new premium fashion and lifestyle brand AZORTE

AZORTE offers wardrobe must-haves for fashion-forward customers of new India, said the CEO of Reliance Retail AZORTE offers wardrobe must-haves for fashion-forward customers of new India, said the CEO of Reliance Retail The mid-premium fashion segment is one of the fastest growing consumer segments, as millennials and Gen-Z are increasingly vying for the latest of […]

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RIL acquires Shubhalakshmi Polyesters for ₹1,592 crore

RIL acquires Shubhalakshmi Polyesters for ₹1,592 crore

Billionaire Mukesh Ambani’s Reliance Industries Ltd. has acquired polyester chips and yarn manufacturer Shubhalakshmi Polyesters Ltd. for ₹1,592 crore, the company said in a stock exchange filing. “Reliance Petroleum Retail Ltd. (under name change to ‘Reliance Polyester Ltd.’), a wholly owned subsidiary of the company, today executed definitive documents to acquire polyester business of Shubhalakshmi […]

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Sensex, Nifty climb nearly 1%; Reliance Industries, ICICI Bank lead charge

Sensex, Nifty climb nearly 1%; Reliance Industries, ICICI Bank lead charge

From the Sensex pack, Sun Pharma, ITC, NTPC, Reliance Industries, Larsen & Toubro, Tata Steel, HCL Technologies and ICICI Bank were among the major gainers. From the Sensex pack, Sun Pharma, ITC, NTPC, Reliance Industries, Larsen & Toubro, Tata Steel, HCL Technologies and ICICI Bank were among the major gainers. Equity benchmark indices rallied nearly […]

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Mukesh Ambani says daughter Isha is leader of Reliance retail business

Mukesh Ambani says daughter Isha is leader of Reliance retail business

At Reliance Industries Ltd.’s 45th annual shareholders meeting, Mukesh Ambani introduces Isha Ambani Piramal as leader of retail business At Reliance Industries Ltd.’s 45th annual shareholders meeting, Mukesh Ambani introduces Isha Ambani Piramal as leader of retail business Billionaire Mukesh Ambani on August 29 introduced daughter Isha as leader of his conglomerate’s retail business as […]

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Reliance AGM 2022 Highlights: Jio 5G rollout starts by Diwali, JioMart partnership with WhatsApp

Reliance AGM 2022 Highlights: Jio 5G rollout starts by Diwali, JioMart partnership with WhatsApp

Reliance Industries Limited (RIL) hosted its annual general meeting (AGM) today and the 5G rollout date is now official for its Jio network. The company plans to roll out 5G in the metro cities of Delhi, Mumbai, Chennai and Kolkata by Diwali this year. It will expand this further by December 2023 and is aiming […]

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