Photo: The Economic Times
Reliance Industries Acquires British's Stroke Park, For $79 Million
Mukesh Ambani’s Reliance Industries Limited has acquired British's Stoke Park for a whopping deal of USD 79 million. In a regulatory filed on April 22, Reliance stated that the firm owning a golf course and a hotel will enhance the hospitality and customer services of the company. Earlier, Reliance running the India's biggest telecom services had acquired leading British toy store 'Hamleys'.
Tags: Mukesh Ambani, Reliance Industries, Stroke Park, business
Courtesy: NDTV
Photo: Bloomberg Quint
Reliance Extends Help To Indore, To Provide 100 Tonnes Oxygen Daily
Mukesh Ambani-owned Reliance Industries on April 17 extended its help to Madhya Pradesh's worst-hit city Indore by providing 60 tonnes of medical oxygen. The company sent the oxygen tankers from its Gujarat's Jamnagar plant, and has assured of supplying 100 tonnes of oxygen to Indore every day. Thanking RIL, BJP Indore chief Tulsi Silavat stated it "will be extremely useful for the city." Earlier, Reliance had sent oxygen to Maharashtra.
Tags: Mukesh Ambani, Reliance Industries, Oxygen Supply, indore, Madhya Pradesh
Courtesy: Times Now
Photo: Economic Times
Maharashtra: Reliance to Supply 100 Tons of Oxygen to COVID-19 Hospitals
Reliance Industries Ltd (RIL) has started supplying Oxygen from its refinery in Gujarat's Jamnagar to Covid-19 hospitals in the state of Maharashtra. Following an "oxygen scarcity" caused by the increase in Covid-19 cases, Maharashtra will receive 100 tons of oxygen from RIL at no cost. The company is diverting oxygen streams meant for petroleum coke gasification units, after making it suitable for medical use.
Tags: oxygen, Reliance Industries, Mukesh Ambani, Maharashtra , Mumbai Covid-19 Hotspots
Courtesy: NDTV
Photo: The Week
Future Group Shares Dip By 10% Following Asset Sale Blockade
Following the Delhi High Court's recent direction in Reliance-Future deal case, shares of Future Retail on March 19 plummeted nearly 10% to Rs 55.90. Stocks of sister companies like Future Consumer, Future Lifestyle Fashions and Future Enterprises also tumbled by 8-10%. Recently, the court ordered blockade on sale of Future Retail CEO Kishore Biyani's personal assets. Earlier, India's second-largest retailer Future had signed a Rs 24,713-… read-more
Tags: Future Group, Reliance Industries, Amazon, Retail Market
Courtesy: Deccan Herald
Photo: The Indian Express
BHU Students Protest Against Idea Of Appointing Nita Ambani As Guest Prof
About 40 students of the Banaras Hindu University in UP on March 16 staged a protest against the appointment of Reliance’s Executive Director Nita Ambani as a visiting professor. The issue surfaced after media reports claimed about Nita’s appointment by the BHU’s Centre for Women’s Studies and Development. However, Reliance had refuted the claims, calling it "fake". Reportedly, the protesting students are in favor of inviting real empowered… read-more
Tags: Bharat Hindu University, nita ambani, Reliance Industries, Visiting Professor
Courtesy: NDTV
Photo: Livemint
Reliance Industries Offers Operational Support To Future Retail
Mukesh Ambani-owned Reliance Industries has offered operational support to save the Future Retail Limited from collapse. However, the Rs 24,713-crore deal to buy the retailer’s assets is yet to be decided by the national company law tribunal. Reportedly, Reliance has extended the deadline for completion of the purchase by six months given the legal battle between Future Group and Amazon. Meanwhile, to ease burden, Future has transferred lease… read-more
Tags: Reliance Industries, Future Retail, Mukesh Ambani, NCLT
Courtesy: Livemint
Photo: The New Indian Express
Reliance To Pay For COVID-19 Vaccination Of Its Employees, Families
Reliance Foundation Chairman Nita Ambani has announced that the business house will bear the full cost of the COVID-19 vaccination for its employees, their spouses, children, and parents. Informing via email, the non-executive director of Reliance Industries also urged the employees and their family members to enroll themselves for the Indian government's COVID-19 vaccination program. Saying "Corona haarega, India Jeetega", she requested… read-more
Tags: Reliance Industries, Mukesh Ambani, nita ambani, Covid-19 Vaccination
Courtesy: Hindustan Times
Photo: The Economic Times
Reliance Plans To Make Digital Payment Network; Pacts With Google, FB
Reliance on participation with Google, Facebook, and Infibeam is working to create a national digital payment network. While the current digital payment sphere is monopolistically enjoyed by the National Payments Council of India, the development was invited by RBI to minimise concentration risk in digital payments. The RBI also furthered the deadline for NDPN parties from February 26 to March 31. Reportedly, NPCI deals with bank, ATM and… read-more
Tags: Mukesh Ambani, Reliance Industries, Google, Facebook, Digital Payment network
Courtesy: Deccan Herald
Photo: India TV
Reliance Jio's Subscriber base Shrinks In Punjab, Haryana Amid Farm Protest
Amid the ongoing farmers' protest, Reliance Jio has recorded a dip in its wireless subscriber base in Punjab and Haryana in December 2020. While the numbers in Punjab fell from 1.40 crore (November) to 1.25 crore (December 2020), it plummeted from 94.48 lakh to 89.07 lakh in Haryana. Earlier, Jio had claimed that its subscriber base witnessed a downfall due to factors like COVID-19, conspiracies by its competitors and vandalism of telecom… read-more
Tags: Punjab, Haryana, Reliance Industries, Jio, Airtel, Vodafone
Courtesy: The Indian Express
Photo: Forbes India
Sensex Clocks All-Time High With 52,500 Points, Nifty Ticks 15,400
Indian benchmark BSE Sensex on February 16 surged over 300 points to touch an all-time high of 52,516.76 in early trade. Amid positive trend in global markets, index majors HDFC twins, Kotak Bank and Reliance Industries had driven the early gains. While ONGC emerged as the prime gainer, soaring by 4%, it was followed by IndusInd Bank, Kotak Bank, PowerGrid, SBI and Tech Mahindra. Besides, NSE Nifty also logged 15,431.75 points for the first… read-more
Tags: BSE SENSEX, NSE NIFTY, Reliance Industries, ONGC, Kotak Bank, Tech Mahindra
Courtesy: The Free Press Journal
