Articles tagged under: RIL

Reliance-Future deal gets SEBI nod, BSE ‘no-adverse-observation’ status

January 21, 2021

Mumbai: Market regulator SEBI gave a go-ahead on Wednesday to Future Group's scheme of arrangement and sale of assets to Reliance, based on which the Bombay Stock Exchange also granted its "no adverse observation" report to the Rs 24,713-crore deal. Amazon had written several letters to the SEBI and other regulatory agencies to suspend their review of the deal and not grant it a no objection certification on ground that its challenge to the agreement was before the Delhi High Court. The Sec...Read More

Gujarat CM inaugurates mega mid-day meals kitchenbuilt by Reliance Foundation in Jamnagar

January 15, 2021

Jamnagar: Reliance Foundation, the philanthropic arm of Reliance Industries Ltd (RIL), has set up a new mega kitchen building along with all required cooking facilities in Jamnagar for The Akshaya Patra Foundation, a non-government organisation (NGO), which implements the Mid-Day Meal Scheme of the Gujarat government. This new three-storied building was inaugurated by Chief Minister of Gujarat Shri Vijaybhai Rupani today. Also present at this inauguration were distinguished dignitaries: Minister...Read More

Reliance says it has nothing to do with farm laws

January 04, 2021

Mumbai: Facing the brunt of farmer's ire over perception of it being a beneficiary of new farm laws, Reliance Industries on Monday said it neither buys foodgrains directly from farmers nor is in the business of contract farming. In a statement, billionaire Mukesh Ambani's firm said its subsidiary Reliance Jio Infocomm Limited (RJIL) has filed a petition in the Punjab and Haryana High Court seeking "the urgent intervention of government authorities to bring a complete stop to the illegal acts ...Read More

Jio gets 2.50 cr users in just 50 months

December 25, 2020

Ahmedabad: The latest technology company offering telecom services in India including Gujarat, Jio has crossed a new milestone in the state. In just 50 months, Jio got 2.50 crore mobile users in Gujarat. The company becomes the fastest operator in Gujarat to touch this milestone. The telecom regulatory authority of India, Trai released October 2020 subscription numbers. The report reveals that Jio, which started its services in September 2016, had first time crossed the subscription base of 2...Read More

CAIT says Amazon’s arbitrary policies to dominate India’s retail trade should end

December 22, 2020

New Delhi:Trader's body CAIT on Monday said Amazon's "manipulative, coercive, arbitrary and dictatorial policies" to dominate India's retail trade should come to an end, hours after the Delhi High Court passed an order related to Future Group's proposed asset sale to Reliance Retail, a deal that is being opposed by Amazon. The court rejected Future Retail Ltd's (FRL) plea for an interim injunction to restrain Amazon from writing to Sebi, the Competition Commission and other authorities about th...Read More

Jamnagar to have world’s one of the largest, about 300 acre size Zoo

December 19, 2020

Gandhinagar: One of the biggest zoos in the world in terms of number and species of animals at one place will come up in Jamnagar in Gujarat. It is being developed by Reliance Industries which operates a refinery in Jamnagar. It is likely to be ready in next three years. It will also have night safari attraction. Gujarat government official MK Das made this announcement while making a presentation on Gujarat at a virtual conference under ''ASSOCHAM Foundation Week''. View this po...Read More

Reliance and bp announce first gas from Asia’s deepest project

December 18, 2020

Mumbai: Reliance Industries Limited (RIL) and bp today announced the start of production from the R Cluster, ultra-deep-water gas field in block KG D6 off the east coast of India. RIL and bp are developing three deepwater gas projects in block KG D6 – R Cluster, Satellites Cluster and MJ – which together are expected to meet ~15% of India’s gas demand by 2023. These projects will utilise the existing hub infrastructure in KG D6 block. RIL is the operator of KG D6 with a 66.67% participa...Read More

Mark Zuckerberg and Mukesh Dhirubhai Ambani converse at Facebook Fuel for India virtual event

December 15, 2020

Transcript of conversation between Mark Zuckerberg, CEO, Facebook and Mukesh Dhirubhai Ambani, Chairman & Managing Director, Reliance Industries   Mark:  Thank you everyone for joining us today. I am sorry that we can't do this together in person, but we're excited to host the first-ever Facebook Fuel event in India. India is a very special and important country for us. Millions of people here use our products every day to stay in touch with friends and family. Whether it's a W...Read More

Mukesh Ambani ‘s address at PDPU Convocation 2020

November 21, 2020

Gandhinagar: Following is full text of President of Deendayal Petroleum University, Gandhinagar, Gujarat Shri Mukesh Dhirubhai Ambani: Honourable Chief Minister of Gujarat, Shri Vijay Rupaniji,My fellow members of the Board,Faculty, teachers, staff, students, parents,And my dear friends,A very warm good morning to each and every one of you. I wish all of you good health and safety.I hope that you are all taking necessary precautions to keep yourself and your dear ones safe and protected.India...Read More

Reliance Retail Ventures Limited completes fund raise of Rs. 47,265 crore for 10.09 per cent stake in the company

November 19, 2020

Munbai: Reliance Industries Limited (“Reliance Industries”) and Reliance Retail Ventures Limited (“RRVL”) today in a statement said the companies have completed the current phase of partner induction and fund raise exercise for RRVL. RRVL has received cumulative subscription amount of Rs. 47,265 crore from the following financial partners and allotted 69,27,81,234 equity shares to them. The respective equity stake in RRVL, on a fully diluted basis, is also provided in the following tabl...Read More