The Bombay Stock Exchange (BSE) building, in Mumbai | Photo Credit: PTI Benchmark Sensex pared early losses to close 242 points higher while Nifty settled above the 18,000-mark on Wednesday following gains in IT, oil and select banking stocks amid mixed global trends. Extending gains for a second day, the 30-share BSE Sensex advanced 242.83 points […]
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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. […]
Continue ReadingReliance New Energy Ltd (RNEL), a wholly owned subsidiary of Reliance Industries Ltd has signed definitive agreements to invest in Caelux Corporation, a company headquartered in Pasadena, California, in the U.S. engaged in the development of perovskite-based solar technology. RNEL will invest $12 million to acquire a 20% stake in Caelux. “This investment will accelerate […]
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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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Reliance Industries Ltd. expects prices of natural gas in India to rise again in October but wants government-dictated caps to go, in a bid to align domestic rates with global energy prices. The conglomerate, controlled by billionaire Mukesh Ambani, expects the price cap for its KG-D6 gas sales to rise over the current $9.92 per […]
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The Reliance Industries Limited (RIL) and the Athletics Federation of India (AFI) took their partnership a step further and announced a long-term association to help the sport become bigger and better. The partnership aims to discover, nurture and develop Indian athletes from across the country and provide them with world-class facilities, coaching, sports science and […]
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Oil and gas, refining post robust revenue increases helped by surge in energy prices Oil and gas, refining post robust revenue increases helped by surge in energy prices Reliance Industries Ltd. (RIL) reported fourth-quarter consolidated net profit rose 20% year-on-year to ₹18,021 crore, aided by strong performance across the conglomerate’s multiple businesses. The refining to […]
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