Reliance Industries to set up wholly-owned subsidiary for digital platform initiatives
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).
Mukesh Ambani's RIL's Q2 profit rises 17 pct
Mumbai, Oct 17 (IBNS): Oil-to-telecom giant Reliance Industries on Wednesday said it has registered a 17.35 percent year-on-year (YoY) rise in its net profit which stood at Rs 9,516 crore.
Reliance Industries announces strategic transaction with Saavn
Mumbai, Mar 23 (IBNS): Reliance Industries Limited (“RIL”) on Friday executed definitive agreements for combination of Saavn, a leading global music OTT platform, with its digital music service, JioMusic.
Reliance Industries Limited was the vision of my father Dhirubhai Ambani: Mukesh Ambani
Mumbai, Dec 23 (IBNS): Celebrating 40 years of Reliance Industries Limited, Chairman Mukesh Ambani on Saturday said the company was the vision of his father late industrialist Dhirubhai Ambani.
RIL CMD Mukesh Ambani urges foreign investors to invest in India and be part of the country's rise
New Delhi, Dec 1 (IBNS): Mukesh Ambani, Chairman and Managing Director Reliance Industries Limited, while speaking at the 15th edition of the Hindustan Times Leadership Summit in New Delhi, on Friday, reminded the gathering that in 2004 he had said that India will be an USD 5 trillion economy in twenty years.
Mumbai, Jul 20 (IBNS): Reliance Industries Limited (RIL) recorded a strong quarterly performance with net profit of Rs 9,108 crore, up 28% from the same quarter a year ago, said Mukesh D. Ambani, Chairman and Managing Director, as RIL reported its financial performance for the quarter ended June 30, 2017.
RIL consolidated profit in June quarter up 12 per cent sequentially
Mumbai, Jul 20 (IBNS): Reliance Industries Limited (RIL) reported its financial performance for the quarter ended June 30, 2017 on Thursday.
Reliance Industries Limited, GE announce signing of global partnership agreement in IIOT
Mumbai, Nov 19 (IBNS): Reliance Industries Limited and GE has announced the signing of a global partnership agreement in the Industrial IOT (IIOT) space whereby RIL and GE will work together to build out joint applications on GE’s Predix platform.
RIL's revenue turnover decreases by 23 %
Mumbai, July 24 (IBNS) Reliance Industries on Friday said its Revenue (turnover) has decreased by 23 percent to Rs. 83,064 crore in the quarter that ended June 30, 2015.