Photo: Business Insider
Amazon Plans To Invest $100 Mn In Apollo Pharmacy
The e-commerce giant Amazon has planned to invest $ 100 million in India's Apollo Pharmacy. As per reports, the speculation comes in the midst of Amazon's increasing competition with Reliance, which had acquired shares in the online pharma company Netmeds. Moreover, Tata groups have been planning to invest in the e-pharmacy firm 1 mg. Both the firms - Amazon and Appolo Pharmacy - have refrained from commenting.
Tags: Apollo Pharmacy, Amazon.in, Reliance, Tata groups, Netmeds, 1mg
Courtesy: Reuters
Photo : Samsung
Samsung Launches World's 1st Mobile Optimised And Rotatable TV 'Sero'
Samsung has launched the world's first smartphone optimized and rotating TV 'Sero' in the Indian markets on November 11. 'Sero' which means 'vertical' can change its orientation from horizontal to vertical with just a button. The 43-inch TV has been priced at Rs 1,24,990 and will be available exclusively at Reliance Digitals. The AI equipped TV also has features like responsive UI, Tap View, and Adaptive Picture for better experience.
Tags: Samsung, Artificial Intelligence, Reliance
Courtesy: Business Insider
Photo: Forbes India
Reliance Shares Tumble Over 8.64%; Mukesh Ambani's Net Worth Sheds $5 Bn
Reliance's shares on November 2 fell almost 8.64%, causing Mukesh Ambani to lose over $5 billion from his net worth. Besides, the company's quarterly profit stood at $1.3 billion, registering a 15% decline. The fall can be attributed to the drop in demand in the oil-sector. Currently, the Asia's richest man is planning to reduce the company's dependency on its oil-and-petrochemicals wing and expand technology and digital services division.… read-more
Tags: Mukesh Ambani, Fuel, Reliance, Shares
Courtesy: Economic Times
Photo: The Motley Fool/Financial World
Stocks Down for Reliance and Future Retail after Halt in Deal
Stocks fell for Reliance and Future Retail by 3.65% and 5.01% respectively at BSE after the asset sale was halted by an arbitration panel. Amazon, which holds a 7.3% stake and 'Contractual rights' in the Future Retail initiated arbitrary proceedings as Reliance decided to buy the business of Future Retail for $3.38 billion. However, Future Retail said, “It was not party to the agreement under which Amazon had invoked arbitration.”
Tags: Reliance, Amazon, Future Retail, Arbitration
Courtesy: Reuters
Photo: Smart Prix
Jio Plans To Launch Affordable 5G Phones; Targets Existing 2G Customers
One of the officials from Reliance Jio stated that the company is targeting 20-30 crore 2G customers with the launch of new affordable 5G phones. Reportedly, the company is planning to introduce 5G mobiles at Rs 5,000, which could be reduce to Rs 2,000-3000 in the subsequent times. At present, the company is waiting for the government's nod and spectrum allocation to test the 5G services.
Tags: Reliance, Jio 5G, Jio Phones, 5G services
Courtesy: Deccan Herald
Photo: Analytics India Magazine
TCS Joins the Rs 10 Lakh Crore Market Value List
Tata Consultancy Services Limited (TCS), on October 5, reached a market value of Rs 10 lakh crore, becoming the second Indian company to reach the category. Reportedly, its market value rose to Rs 10,03,012.43 crore and stock prices reached a record high of Rs 2,678.80 on the Bombay Stock Exchange. However, Reliance Industries Limited remains the first Indian company, with a market value of Rs 15,02,355.71 crore.
Tags: TCS, Tata, SHARE MARKET, Reliance
Courtesy: Bloomberg Quint
Photo: The Week
Reliance Receives Rs 6,247.50 Crore Investment From UAE-based Mubadala
Reliance Industries Limited (RIL) announced that UAE-based Mubadala Investment Company would be investing Rs 6,247.50 crore in its retail segment. Reportedly, Mubadala will own 1.40% equity shares on a fully diluted basis. This is the third investment that RIL has attracted in the last two days. Earlier in September, US-based investors General Atlantic, KKR and Silver Lake also invested in RIL, which raised funds of Rs 24,847.50 crore.
Tags: Reliance, Mubadala, Investment, RRVL
Courtesy: Deccan Herald
Photo: LogoTYP
Reliance Industries Attracts Investment From General Atlantic
Reliance Industries Limited (RIL) on September 30, stated that the New York-based General Atlantic will invest Rs 36.75 billion in the company's retail wing. Reportedly, the investment covers 0.84% stakes in the company. RIL Chairman Mukesh Ambani stated that the company would stick to General Atlantic's “extensive expertise at the intersection of technology and consumer businesses.” RIL recently had successfully raised investments of up to … read-more
Tags: Reliance, Mukesh Ambani, RIL, General Atlantic
Courtesy: Reuters
Photo: The Print
NGT Warns IOC for Generating Excess 'Oxide' than the Specified Limit
The National Green Tribunal (NGT) has asked state pollution control boards to check the disposal of spent catalyst- a hazardous waste, produced by oil refineries. The committee informed that Indian Oil Corporation of Haryana, Mathura, Barauni, and Reliance Jamnagar units are generating more ‘Oxide’ than the specified limit. Reportedly, they were not packaging and labelling the hazardous waste properly as mentioned in the Hazardous Waste… read-more
Tags: environment, Pollution, NGT, CPCB, INDIAN OIL CORPORATION, Reliance
Courtesy: Energy Economic Times
Photo: Wallpaper Flare
Amazon, Reliance Set to Make Huge Changes in Indian E-Pharma Market
Reliance and Amazon are set to compete in the field of E-pharmacies. The pharmaceutical sector will witness a disruption in its distribution model by cutting out middle-men from the supply-chain. Firms such as Medlife, Netmeds, PharmEasy and 1mg are few of the firms blending tele-medicine and diagnostics facilities. Amazon India recently launched ‘Amazon Pharmacy’ in Bengaluru. Reliance Retail intends to scale up pharmacy through SMART Point… read-more
Tags: Reliance, Amazon, E-PHARMACY
Courtesy: Live Mint
