August 12th, 2019Reliance group announced that Saudi oil giant Aramco has agreed to acquire 20 percent stake in Reliance Industries oil refinery and chemical business .
December 15th, 2018
One of the largest Indian conglomerate Reliance Jio Infocomm is in talks with US contract manufacturer Flex for locally producing about 100 million mobile phone handsets as the Mukesh Ambani-owned telco seeks to rapidly enhance its market share by signing on the majority of those users now using feature...
September 24th, 2018Reliance Jio Infocomm has appointed Shyam Prabhakar Mardikar on the position of group chief technology officer of mobility. He will be responsible for looking after the deployment of the company’s 4G networks in the country.
This appointment has come after the exit of Jagbir Singh, who had joined the company before the soft launch...
August 28th, 2018Anil Ambani’s Reliance Communications (RCom) announced that the company has completed the anticipated sale of its fibre assets and related infrastructure assets. The assets were sold worth Rs 30 billion to Mukesh Ambani-backed Reliance Jio Infocomm (RJIO).
"With successful completion of the fibre monetisation transaction, 1,78,000...
August 14th, 2018Indian mobile network operator Reliance Jio Infocomm will be investing Rs 1,000 crore in a state-of-the-art greenfield data centre in Kolkata where a 100-acre IT hub will be launched. This will be the biggest tech hub in the state as stated by Mamata Banerjee, the chief minister of West Bengal.
She mentioned about this matter while...
July 30th, 2018Corporate rivalries are a big part of an economy. They are quite prevalent all over the world in every possible sector. However, in India, it is mostly kept restricted to the boardrooms. In most of the developed economies, the rivals fight fiercely in open and create an amusing sight for the public.
An example of this rivalry can be...
July 18th, 2018Disclaimer - The information in the article about the deal of NDTV and Reliance has been derived from various sources and we have tried our best to collect all the facts and come up with a clearer view of the case. The readers can go through the story and analyze the whole deal according to their point of view.
For a long...
July 14th, 2018Mukesh Ambani, the chairman of Reliance Industries has achieved the position of Asia’s richest man, bringing down Alibaba’s Jack Ma to the second position.
According to the reports, Ambani's estimated total wealth amounted to around $44.3 billion after Reliance shares rose 1.6%. The business tycoon added $4 billion to his wealth...
July 10th, 2018Mukesh Ambani, the chairman of Reliance Industries Ltd, at the Annual General Meeting in Mumbai, launched the Jio Phone 2 and announced that the device will be priced at Rs 2,999. Also, the chairman came up with a new offer under which the users can exchange their old feature phone for a new Jio Phone by just paying Rs 501.
The QWERTY...
July 5th, 2018Mukesh Ambani, the Chairman of Reliance Industries said that Reliance has become first Indian private sector company paying 9,844 crore tax and 26,312 crore of customs and excise duty(6.4% of India's total collection).
While addressing the crowd and media at the Reliance Industries' 41st Annual General Meeting Mukesh Ambani said,...
