Mumbai/IBNS: Reliance Industries Limited and Reliance Retail Ventures Limited announced on Wednesday that global investment firm KKR will invest INR 5,550 crore into RRVL, a subsidiary of Reliance Industries.
New Delhi/IBNS: The retail wing of billionaire Mukesh Ambani controlled Reliance Industries Ltd (RIL) is reportedly in the final stage of talks with US private equity investor Silver Lake to offload 1.7 per cent to 1.8 per cent stake for about Rs 7,500 crore in what could be the first such deal by the retail giant to raise funds, said a media report.
Mumbai/IBNS: Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries led by billionaire Mukesh Ambani, Saturday announced that it is acquiring the retail and wholesale as well as logistics and warehousing businesses of the Future Group for Rs 24,713 crore as going concerns on a slump sale basis, according to media reports.
Mumbai/UNI: Mukesh Ambani's Reliance Industries Limited (RIL) said that its subsidiary Reliance Retail Ventures Limited (RRVL) has acquired a majority equity stake in Vitalic Health Pvt Ltd and its subsidiaries (collectively known as Netmeds) for a cash consideration of approximately Rs 620 crore.
Mumbai/IBNS: Reliance Industries chairman Mukesh Ambani has been ranked the fifth richest man in the world by the Real-Time Billionaires List by Forbes magazine.
Mumbai/IBNS: Reliance Industries Limited, Jio Platforms Limited and Google LLC on Wednesday announced the signing of binding agreements for an investment of Rs. 33,737 crore by Google into Jio Platforms.
Mumbai/UNI: Mukesh Ambani-led Reliance Industries on Wednesday announced its plan to launch an entry-level 4G or 5G smartphone for Indian users, for which it needs Google to build an Android-based operating system.
Mumbai/IBNS: Reliance Industries chairman Mukesh Ambani has surpassed Warren Buffet as his net worth touched $68.3 billion on Thursday, according to the Bloomberg Billionaires Index, a Bloomberg report said.
Mumbai/IBNS: Reliance Industries Limited and Jio Platforms Limited, India’s leading digital services platform, on Friday announced an investment of Rs. 11,367 crore by The Public Investment Fund (“PIF”).
Mumbai/IBNS: Indian businessman Mukesh Ambani pipped China's Jack Ma to once again become Asia's richest person after striking a deal with Mark Zuckerberg's Facebook Inc. a day ago, media reports said.
New York/IBNS: In what is seen as the largest Foreign Direct Investment ( FDI) in the Indian tech sector, social media giant Facebook will buy 9.99 percent stake in Reliance Industries led Jio Platforms.
Mumbai/IBNS: The Board of Directors of Mukesh Ambani-led Reliance Industries Limited (RIL) on Friday approved the formation of a wholly-owned subsidiary (“WOS”) for Digital Platform initiatives and investment of Rs. 1,08,000 crore in the WOS through Optionally Convertible Preference Shares (OCPS).
Kolkata: EdelGive Foundation and Hurun Report India on Monday unveiled the sixth edition of ‘EdelGive Hurun India Philanthropy List 2019’.
Kolkata: Mukesh Ambani, the chairman of India’s second-most valued firm Reliance Industries, continued to top the ‘IIFL Wealth Hurun India Rich List 2019’ for the eighth consecutive year, with a total net worth of Rs. 380,700 crores.
Mumbai, Mar 19 (IBNS): After years of strenuous relationship, businessman Mukesh Ambani helped his brother Anil Ambani to pay up dues to Ericsson, saving the latter from going to jail, media reports said.