December 25th, 2018
Reliance Industries has acquired 5.56 per cent equity stake in technology startup Vakt Holdings Ltd, UK (VHL), for $5 million (approx Rs 35 crore).
In a regulator filing, the company said it has acquired the equity stake in VHL, a closely held startup entity which is expected to run its energy-focused blockchain...
October 3rd, 2018Indian conglomerate Reliance Industries is in talks to acquire India’s largest cable operator, Hathway Cable & Datacom. With this acquisition, the company is looking to speed up the commercial launch of its GigaFiber high-speed home broadband services.
However, some people familiar with the development have stated that the...
September 27th, 2018Reliance Industries has invested an amount of $8 million in California-based NetraDyne. NetraDyne is an artificial intelligence company that focuses on the driver and commercial fleet safety.
Prior to this, Reliance invested $16 million in June 2016 in the startup, thus, this marks as its second investment in the firm. With this...
July 31st, 2018India's largest subsidiary of Mukesh Ambani’s Reliance Industries retail chain, Reliance Retail has make its way to online sales of smartphones and electronic appliances such as refrigerators, air conditioners, and televisions.
Reliance Retail is the online extension platform of Reliance Digital, a consumer durables and...
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 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...
June 30th, 2018Reliance Industries is gearing to acquire Nasdaq listed telecom solutions provider Radisys Corporation for a whopping $75 million i.e approx (Rs. 510 crores), a move that would push it into an Internet of Things and 5G through Reliance Jio Infocomm.
According to the sources, RIL will pay $1.72 per share in cash for the buyout which...
June 18th, 2018Reliance Brands, a subsidiary of Reliance Industries Ltd. is eyeing to fully acquire Genesis Luxury Fashion Pvt Ltd. which is a unit of Genesis Colors involved in the marketing and distribution of International Luxury labels for an estimated amount of Rs 450 crore.
Genesis Luxury comes under India’s top luxury groups and this...
June 15th, 2018India’s business tycoon Mukesh Dhirubhai Ambani-led Reliance Industries has its major plans to enter the country’s e-commerce market which is worth $200 Billion. The company aims to join offline as well as online buying experience for its customers.
It is being reportedly stated that the plan will be carried forward by combining...
