Page 36 - Mukesh Ambani

Reliance looks at Nasdaq listing for Jio Platforms; IPO likely by 2021

Morgan Stanley is likely to be appointed the lead banker to manage the overseas listing, while Bank of America Merrill Lynch and Citibank may also be roped in for the IPO, another source informed.

JioMart goes live across India, offers range of products for home delivery

The app is not yet available on Apple or Google Play Store and has to be downloaded from jiomart.com

Best of BS Opinion: The PM-CM-DM structure, trade liberalisation, and more

Here's a selection of Business Standard opinion pieces for the day

KKR picks up 2.32% stake in Mukesh Ambani's Jio Platforms for Rs 11,367 cr

Capital, Bharti Infratel, Coffee Day Resorts and Max Financial Services, this is its largest investment in Asia

His son's father: How Mukesh Ambani has re-invented Reliance yet again

The govt matters less in brand and tech businesses, where consumer preferences and the building of a franchise are autonomous of policy, though policy does help in some ways, writes T N Ninan

RIL rights issue to open for subscription on May 20 and close on June 3

The abridged letter of offer, application form of rights issue and rights entitlement letter will be sent to eligible equity shareholders of the company

Made in India, for and by Indians, says Reliance Industries on rights issue

In a corporate presentation titled 'New Reliance for a New India', released on Friday, RIL termed itself as the best proxy for India's consumption-driven and tech-propelled growth story.

RIL 'call option' timeline uncertain for Rs 53,125-crore rights issue

Partly-paid shares issued under rights will be traded separately

RIL fixes May 14 as record date for rights issue. Should you subscribe?

Most brokerages expect the company to do well over the coming quarters and peg the target price for the stock higher than its current market price. Subscribing to the issue makes sense, they say

Reliance fixes May 14 as record date for rights issue of Rs 53,125 crore

Mukesh Ambani's firm had on April 30 announced fundraising of Rs 53,125 crore by way of a 1:15 rights issue, the first such issue by RIL in nearly three decades

Saudi, US companies also eyeing stakes in Reliance's Jio Platforms

The deal could be completed as soon as this month, though no agreement has been finalised and plans may change

Reliance Industries considers sale of $989-million Asian Paints stake

The company controlled by Mukesh Ambani, is in discussions with banks for a potential sale of its 4.9 per cent stake in Asian Paints through a series of block trades

Silver Lake checks into Jio Platforms, snaps up 1.15% for over Rs 5,600 cr

Investment will help RIL pare debt, improve valuation

RIL bonds advance after Mukesh Ambani hastens debt-reduction plan

The conglomerate's 3.667% bonds due 2027 rose 0.4 cents on the dollar to 100.28 as of 9:10 am IST, the highest level since March 13

India business most affected due to Covid-19 outbreak, says Amazon

"The current crisis is demonstrating the adaptability and durability of Amazon's business as never before, but it's also the hardest time we have ever faced," said Jeff Bezos, Amazon founder and CEO.

RIL aims to raise Rs 53,125 crore through India's biggest rights issue

The Rs 53,125 crore issue to cut net debt by a third; along with Facebook and BP deals, company to raise Rs 1.04 trillion

After Facebook, RIL in talks with other global investors for similar deal

Earlier, there have been reports of Reliance talking to Google

Reliance Jio reports 127% jump in profit before tax to Rs 2,931 crore in Q4

At the net profit level, aided by lower interest costs, the company recorded a growth of 73 per cent on a sequential basis and nearly trebled over the year-ago period.

TCS snatches most-profitable tag from Reliance Industries after 6 years

The Mukesh Ambani-controlled conglomerate, however, remains miles ahead of TCS in other financial parameters such as total revenue, operating profit, net worth, assets, and m-cap.

RIL oil unit staff face big pay cuts; Ambani to forgo entire year's salary

His company will cut 10 per cent from hydrocarbons segment employees who earn above Rs 15 lakh per annum.