Reliance Announces Reward To Its Employees After Profit
Good news to Reliance employees, the company allotted 15,000 shares worth Rs 1,50,000 as stock options, the company announced through an exchange filing. The shares worth Rs 10 each were allotted under the Employee Stock Option Scheme 2017. The announcement came as a reward to the employees. Notably, the company in the fourth-quarter-financial year 2023 reported a jump in total income to Rs 2,19,294 crore, with 21,374 crore net profit.
Tags: Reliance, Indian Business, net profit, Shares, Stock & Shares
Courtesy: The Free Press Journal
Anil Ambani-led Reliance Claims Breach Of Contract Against Adani Groups
Anil Ambani-led Reliance Infrastructure has approached the Mumbai Centre for International Arbitration against Adani Transmission. The Reliance owner filed an arbitration claim of Rs 13,500 crore against Adani’s power distribution arm over breach of terms of a December 2017 share purchase deal. Notably, power businesses including generation, transmission and distribution in Mumbai were transferred to the Adani Group for Rs18,800 crore. The… read-more
Tags: Reliance, Adani Groups, ANIL AMBANI, Breach of contract, Gautam Adani
Courtesy: The Free Press Journal
Reliance To Invest Rs 75,000 Cr To Expand Petrochemical Capacity
Reliance Industries Ltd. (RIL) has announced to invest Rs 75,000 crore in the next five years to expand its petrochemical capacity, informed RIL chairman Mukesh Ambani on August 29. Ambani, while speaking at the company’s annual general meeting, said that the investments will be used in setting up a PTA plant. The money will also be used in expanding polyester capacity, tripling capacity of vinyl chain and a chemical unit.
Tags: Petrochemical, Reliance, Mukesh Ambani, PTA Plant, UAE
Courtesy: Press Trust Of India
Reliance Spent Rs 1,184.93 Crores For CSR During COVID-19 Wave
Reliance Industries Limited owned by billionaire Mukesh Ambani spent a record Rs. 1,184.93 crores for corporate social responsibility (CSR) initiatives. In Fiscal Year (FY) 2022, March 31, the company spanned oxygen delivery during the second Covid-19 wave. On May 29, Reliance company's latest annual CSR Report read, "Through FY 2021-22, Reliance put social responsibility initiatives, health and well-being of communities at the top of its… read-more
Tags: Reliance, Mukesh Ambani, business, CSR, Covid-19
Courtesy: Press Trust of India
Reliance Offers Jobs To Future Retails Employees
Mukesh Ambani recently took control over all Future Retail stores and has offered jobs to employers. The Reliance Industries head made this decision amid the Kishore Biyani e-commerce battle that leads Amazon. The two have been in a battle at many judicial forums for the Future Group retail arm of the RIL. RIL has already where it would open its premises including Big Bazaar in it.
Tags: Reliance Industries, Reliance, Mukesh Ambani, Amazon, Big Bazaar
Courtesy: ET NOW
Jio 5G Speed Test Results Leaked; Download, Upload Speed & More
The 5G network will be available by late 2022. Jio has stated that they have planned out the 5G coverage for 1000 top cities in the country. According to a leaked screenshot shared by 91Mobiles, Jio 5G which is at the testing stage, hit a download speed of 420 Mbps and an upload speed of 414 Mbps. With that speed, a two hour-long video can be downloaded in minutes.
Tags: Jio, 5G, Jio 5G, 4G, Reliance
Courtesy: India Today
Reliance Acquires UK Based Sodium-ion Battery Tech Company Faradion
Reliance New Energy Solar under the leadership of Mukesh Ambani signed an agreement to buy the UK-based company Faradian for 100 million pound. It works in the field of sodium-ion battery technology which is said to be better than lithium-ion batteries. Reliance has also planned to invest 25 million pound in the company. ''We welcome Faradion and its experienced team to Reliance family,'' said Mukesh Ambani, Reliance Industries Chairman. … read-more
Tags: Reliance, UK, Faradion, Solar Technology, Lithium Ion
Courtesy: United News Of India
T-Series, Reliance Entertainment To Jointly Make Over 10 Films
After producing together music for years, Bhushan Kumar's T-Series and Reliance Entertainment have shaken hands to produce more than 10 films in joint collaboration. Under the Indian film industry's biggest collaboration, both will invest around Rs 1,000 crore. The investment will also bring films in different genres, ranging from small budget to big budget. ''I really look forward to our partnership with T-series,'' said Shibasish Sarkar,… read-more
Tags: T-Series, Reliance, Bhushan Kumar, Films
Reliance & Apple Regarded As Most Valuable Companies: Report
With the latest entry of Wipro, HCL Technologies, and Asian Paints, 12 Indian companies secured their place among the list of top 500 companies in Hurun Global 500 list. However, with $188 billion, Reliance Industries (RIL) topped the ranking among Indian companies followed by Tata Consultancy Service ($164 billion), and HDFC Bank ($113 billion). Besides, America's Apple secured the 1st position.
Tags: Reliance, Hurun Global 500 list, Apple, Most Valuable
Courtesy: The Siasat Daily
Govt Approves 5G Trials For Telecos; Mentions No Chinese Tech Use
The Centre on May 4 gave a green light to telecom service providers (TSPs) to conduct 5G spectrum trials in the country. Rejecting Chinese telecom gear makers, the Telecom Department approved Ericsson, Nokia, Samsung, C-DOT and Reliance Jio’s indigenously developed technology to conduct trials. The department has given 6-month duration to conduct the trials. Moreover, it has also allowed Telecos to use their existing spectrums to conduct… read-more
Tags: 5G, 5G spectrum, Reliance, TSP, Telecom industry, Nokia