Mumbai/New Delhi: India''s most valuable company Reliance Industries on Friday posted a record quarterly net profit of Rs 11,640 crore as a turnaround in oil refining business together with the continued rise in the share of its consumer businesses of retail and telecom countered lower profitability in petrochemicals. The oil-to-telecom conglomerate, led by richest Indian Mukesh Ambani, reported a net profit of Rs 11,640 crore, or Rs 18.4 per share, in October-December, up from Rs 10,251 cror...Read More

Mumbai: After 25 years of operating the Panna-Mukta oil and gas fields, the Panna-Mukta and Tapti (PMT) Joint Venture partners will be handing over the Panna-Mukta oil and gas fields back to the Government of India’s nominee i.e. ONGC on 21st December 2019. The PMT JV constituents include Oil & Natural Gas Corporation Limited (ONGC), Reliance Industries Limited (RIL) and BG Exploration & Production India Ltd (BGEPIL), each holding 40%, 30% and 30% participating interest respectively. The Pr...Read More

Mumbai, 16 December, 2019: BP and Reliance Industries Limited (RIL) today signed a definitive agreement relating to the formation of their new Indian fuels and mobility joint venture. This follows the initial heads of agreement signed in August this year. The venture is expected to be formed during the first half of 2020, subject to regulatory and other customary approvals. The new venture, a further development of RIL and BP’s longstanding partnership, will include an India-wide fuels r...Read More

Abu Dhabi, UAE: The Abu Dhabi National Oil Company (ADNOC) signed, today, a Framework Agreement with Reliance Industries Limited (RIL) to explore development of an Ethylene Dichloride facility in Ruwais. The signing of the agreement was witnessed by His Excellency Dr. Sultan Ahmed Al Jaber, UAE Minister of State and ADNOC Group CEO, and Mr. Mukesh D. Ambani, RIL Chairman and Managing Director. The agreement was signed by Mr. Abdulaziz Alhajri, Executive Director of ADNOC’s Downstream Direct...Read More

Mumbai: Mukesh Ambani-led Reliance Industries Ltd (RIL) has today became the first Indian company to hit the Rs. 10 lakh crore milestone in market cap, after its shares rose to a record high of Rs. 1,581 a piece. The broader markets also hit a new high today. RIL shares have outperformed the market since the start of this year, surging nearly 40%. Investors were encouraged after Mukesh Ambani announced plans to cut the company’s net debt to zero in 18 months through measures including a sta...Read More

Mumbai: In a one of its kind collection drive, Reliance Foundation, the philanthropic arm of Reliance Industries Limited (RIL), announced on Friday that through its Recycle4Life campaign, volunteers have collected over 78 tons of waste plastic bottles for recycling. This record-setting collection drive was made possible by mobilizing over three lac employees, their family members and partners of RIL and its allied businesses like Jio and Reliance Retail across their several locations in India. ...Read More

New Delhi: Mukesh Ambani-led Reliance Jio has alleged that review of call connect charges by Trai "sabotages" the Prime Minister's vision for Digital India, and will hit not only the regulator's credibility but also investor confidence as the move protects vested interests of some old operators. Continuing its relentless attack on the regulator and old operators over the contentious IUC (interconnect usage charge) issue that has polarised the industry, Jio alleged that Trai's move is arbitrar...Read More

Mumbai: Reliance Digital, India’s No. 1 electronics retailer has partnered with OnePlus for the exclusive launch of OnePlus TV line-up across its retail outlets. Both the OnePlus TV 55 Q1 and OnePlus TV 55 Q1 Pro were unveiled today at the Reliance Digital Store in Prabhadevi. The event was presided over by Brian Bade, CEO, Reliance Digital, Kaushal Nevrekar, EVP & CMO Reliance Digital and Vikas Agarwal, General Manager, OnePlus India, along with Bollywood actress, Tara Sutaria. On the g...Read More

Mumbai: Reliance Digital today announced launching its ‘Festival of Electronics’ with deals and attractive offers across India on Dussehra. The offers will be available at Reliance Digital and My Jio stores on the entire range of electronics starting with 15% cash-back and 10% additional discount on accessories. These deals will be available across all categories – televisions, home appliances, mobile phones, laptops and accessories at all Reliance Digital and My Jio stores across In...Read More