July 7th, 2018This week was quite eventful in terms of business and startup activities. Many companies came up with a number of business strategies and plans.
The most trending topic that buzzed the readers this week was about the Reliance Industries, that became India’s largest tax-paying private company. Apart from this, there were many other...
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,...
June 18th, 2018India's technology industry is bracing itself for the next era of e-commerce warfare, especially after the mega Walmart-Flipkart deal has come into play.
While the acquisition has returned a lot of liquidity in the ecosystem, it has also sparked off a maiden opportunity for new entrepreneurs and investors, adding to the wait for the...
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...
June 9th, 2018A subsidiary of Mukesh Ambani-led Reliance Industries Limited called ‘Reliance Brands Limited’ has bought 100% stake in Rhea Retail Private Limited and has successfully acquired it for Rs 203.46 crore ($30 million) in cash.
Rhea Retail is a Delhi-based privately owned firm which was founded in 2007 and its main line of business...
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...
April 28th, 2018Reliance Industries released filings showing that it registered an all time high net profit for the fourth quarter, amounting to Rs 9,435 crores, thanks to advantageous outcomes in the refining and petrochemical business.
The firm, which revealed its fourth quarter and fiscal year accounts, showed a 17.3% increase in profit compared...
March 24th, 2018Reliance Industries, the Indian conglomerate in oil-to-telecom sector bought a stake in Indian music streaming service called Saavn and decided to merge the company with its JioMusic app and thus create a new unit that is reported said to be valued at $1 billion. Reliance will also have to buy a stake from Saavn’s current shareholders...
December 29th, 2017Debt-laden Reliance Communications has signed a deal to sell its wireless assets to Reliance Jio Infocomm for nearly 240 billion rupees ($3.75 billion), two sources familiar with the matter told Reuters on Friday.
The two companies had announced late on Thursday that Reliance Communications, backed by businessman Anil Ambani, would...
March 29th, 2017Washington D.C. / Mumbai, March 28, 2017: The Atlantic Council today announced the induction of
Anil Ambani, one of India’s best known business leaders, to its International Advisory Board – a prominent group of global corporate and political leaders.
Former Utah Governor and Chairman of the Atlantic Council, Jon M. Huntsman,...
February 25th, 2017Billionaire Mukesh Ambani-led Reliance Industries has no plans to launch an app-based taxi service as the company sees no logic in diversifying into unrelated sectors.
It has been speculated for months that Reliance Jio, the company's telecom venture that has created ripples by signing up 100 million customers in just 170 days of...
January 20th, 2017New Delhi, Delhi, India- FreeCharge, India’s leading digital payments platform, today announced the launch of Mutual Funds on its platform in partnership with Reliance Mutual Fund.
With the launch of the facility, users can seamlessly invest in a Money Market Mutual Fund that targets higher returns than those available on savings...
