May 30th, 2018After shaking the telecom market with a new kind of data revolution in the country, Reliance Jio has once again created a buzz as it is about to offer internet, videos and voice call for less than Rs 1000 a month.
Such a disruptive offering will not only amp up competition in the telecom sector but surely give an edge to Jio over...
May 28th, 2018Tata Consultancy Group and Reliance Industries are currently the two biggest companies in India but differ greatly in terms of the way their businesses operate and in terms of revenues and market valuations.
Valuation
Tata Consultancy Group leads the race between the two, currently, the Indian company with the highest valuation, Rs 6.11...
May 24th, 2018Mukesh Ambani led firm Reliance Industries Ltd. (RIL) has invested a mammoth amount of Rs. 10 crores in an early stage healthcare technology platform called KareXpert Technologies Pvt. Ltd.
According to the sources, the investment has been made by RIL’s subsidiary and investment arm, Reliance Industrial Investments and Holdings Ltd...
May 7th, 2018Reliance Industries is set to pour Rs 60,000 crore capital in its telecom business, Jio, this fiscal year as the company wishes to roll out its broadband services and expand its wireless network faster, according to two people close to the company.
Additionally, Reliance Jio Infocomm Ltd might also borrow the astronomical sum of Rs 1...
May 7th, 2018Isha Ambani, daughter of India’s richest person, Mukesh Ambani and Nita Ambani, is set to marry Anand Piramal, son of Ajay Piramal and Swati Piramal, in India this year.
Anand and Isha have been long-time friends and the former dropped the knee over the weekend at a temple in Mahabaleshwar. Once the proposal accepted, the couple...
April 16th, 2018Reliance Industries has reported that its resolution plan for acquiring Alok Industries in conjunction with JM Financial Asset Reconstruction Company has been rejected by the committee of creditors (CoC).
JM Financial had bid jointly with Reliance Industries to acquire mega textile producer Alok Industries. As per the guidelines of...
April 13th, 2018Reliance Industries recently purchased a majority stake of 72.69% in Indiavidual Learning Pvt Ltd’s online education platform Embibe. Mukesh Ambani’s company is set to pour $180 million over the next three years in the company, according to stock market filings.
The deal will also see Lightbox and Kalaari Capital leave the online...
June 28th, 2017Reliance Industries boss Mukesh Ambani kept his annual salary capped at Rs 15 crore for the ninth year in a row and did not take any stock option even as the remuneration of most executive directors on the board rose.
Ambani, the richest Indian, has kept salary, perquisites and allowances and commission at Rs 15 crore since 2008-09,...
August 21st, 2016Ahead of the commercial launch of payments banks, credit information companies (CICs) have urged RBI to ensure these newbies in the banking space become their members and share data on the transactions.
"Payments banks will not be into lending, but the transactions which they undertake will help understand borrowers. Therefore, we have...
