The Mukesh Ambani-led RIL has cautioned against the impact of global economic headwinds on energy demand, in its post-results conference call.
From inheriting legacy textile and oil businesses to stepping into retail, telecom and digital, RIL is a company for New India, say experts
Billionaire Mukesh Ambani-led Reliance will rival FMCG food businesses of ITC, Tata Consumer Products Ltd and Adani Wilmar with launch of brand 'Independence' for staples, processed foods, beverages and other daily essentials, analysts said. Reliance Consumer Products Ltd (RCPL), the newly set up FMCG arm of Reliance Retail Ventures Ltd (RRVL) last week made a foray into staples with launch of brand Independence in line with announcement Ambani had made at the company's annual shareholder meeting earlier this year. RRVL is a wholly-owned subsidiary of Reliance Industries Ltd (RIL). The launch is only in Gujarat, possibly on a pilot testing basis, and has indicated that products would be affordably priced. Post development of the brand, it will be rolled out nationally. It will be "competing with Adani Wilmar in edible oil, grains and pulses; Patanjali Foods in biscuits, edible oil, packaged atta; Parle and Britannia in biscuits; Tata Consumer in pulses, packaged water; and ITC in .
The club has been put up for sale by its current owner FSG, which bought it in October 2010, The Mirror newspaper said
The demerged undertaking, together with the existing EPC team of RIL, will create a focused EPC undertaking to cater to the needs of the group
Reliance's revenue has jumped 34 per cent to Rs 2.33 trillion
Ambani said that the telecom sector in India will offer the highest quality 5G service at the most affordable rates
Reliance Brands also recently forayed into food and beverages retail space by entering into a long-term franchise partnership with Pret A Manger - a global fresh food and organic coffee chain
Reliance cited a breach of a December 2017 share purchase agreement relating to the transfer of its Mumbai power distribution business to Adani Transmission
Speaking at the AGM, Mukesh Ambani announced plans to invest Rs 2 trillion in set-up a nationwide fifth generation (5G) mobile network by the end of next year
Tycoon's three children, Akash, Isha and Anant, to lead separate business
However, deal activity in India is going to slow down as investors have turned more cautious with rising interest rates and a falling rupee, says head of investment banking for India at Barclays
E-commerce giant writes letter to retail chain's independent directors, seeks independent probe of dealings with RIL
The 30-year-old Brown University graduate and the elder son of Mukesh Ambani will now lead from the front at Reliance Jio as chairman
Reliance Industrial Infrastructure rallied 19% to Rs 993.50 on the BSE,trading at its highest level since July 2010.
Mukesh Ambani's Reliance Industries and Gautam Adani's Adani Group plan to spend a combined $30 billion over the next few years on green energy push in India. Let us take a look at their goals
In their base case scenario, Jefferies maintains a price target of Rs 2,540 on RIL stock - an upside of around 15 per cent from the current levels
From a medium-term perspective, these 6 stocks should provide a good upside from the current levels. Also, these stocks can mitigate the risks in portfolio. Check out the key levels
According to the I-T department, the Ambani family refuted all the charges in the show-cause notice and submitted the copy of GDR offer documents on June 7 for RUPL along with other documents
Reliance Retail runs India's largest chain of neighborhood supermarket stores and consumer electronics stores