News for 'Reliance Group'

Chai, biscuits on me: Rahul claims ED raid being planned against him

Chai, biscuits on me: Rahul claims ED raid being planned against him

Rediff.com2 Aug 2024

Gandhi said he was "waiting with open arms".

Why Young Indians Are At Risk Of A Heart Attack

Why Young Indians Are At Risk Of A Heart Attack

Rediff.com28 Sep 2024

It's important to take breaks, spend time with loved ones and engage in activities like yoga or meditation to help relax and relieve stress.

SC holds Anil Ambani guilty of contempt, faces 3-month jail

SC holds Anil Ambani guilty of contempt, faces 3-month jail

Rediff.com20 Feb 2019

The apex court said Ambani and the others will have to purge contempt by paying Rs 453 crore to Ericsson in four weeks. A bench comprising Justices R F Nariman and Vineet Saran said if the 'contemnors' failed to make the payments within the specified period, they will undergo a jail term of three months.

BPCL, ONGC pip Reliance in overseas fundraising

BPCL, ONGC pip Reliance in overseas fundraising

Rediff.com31 Mar 2017

BPCL and ONGC raised $4.9 billion in 2016-17 against $1.65 billion raised by Reliance

Hiranandani Group opens giant data centre in Mumbai

Hiranandani Group opens giant data centre in Mumbai

Rediff.com8 Jul 2020

Hiranandnani's new venture is well-timed, but it will face heavy competition from both international majors and domestic peers like Adani Group.

Reliance beats Street with record profit in Q1

Reliance beats Street with record profit in Q1

Rediff.com30 Jul 2020

The company raised Rs 53,124 crore through a rights issue and sold nearly 33 per cent stake in Jio Platforms Ltd - the firm that houses telecom business and apps - to likes of Facebook and Google for Rs 152,056 crore.

Reliance Infratel plans IPO

Reliance Infratel plans IPO

Rediff.com4 Feb 2008

Reliance Infratel, a subsidiary of Reliance Communications has filed papers with Sebi for issuing IPO.

Ambanis, DLF, Tata set-up electoral trusts to fund elections

Ambanis, DLF, Tata set-up electoral trusts to fund elections

Rediff.com20 Mar 2015

These trusts are being registered under a new framework.

The Reliance Jio effect, in numbers

The Reliance Jio effect, in numbers

Rediff.com29 Nov 2017

The launch of Reliance Jio Infocomm Ltd last September, particularly the tariff war it has unleashed on its competitors, has deepened the crisis facing India's telecom sector. One offshoot of this is the major drop in earnings reported by industry leaders Bharti Airtel and Idea Cellular with each passing quarter. Aslam Hunani/Rediff.com tells the story in numbers.

Sebi clears Reliance Infratel IPO

Sebi clears Reliance Infratel IPO

Rediff.com15 May 2008

According to sources, Reliance Infratel would offer 10 per cent equity to the public valued at Rs 5,000-6,000 crore (Rs 50-60 billion). Reliance Infratel is the telecom infrastructure division of Reliance Communications Ltd.

Who is India's BIGGEST wealth creator?

Who is India's BIGGEST wealth creator?

Rediff.com17 Dec 2023

Reliance Industries Ltd was the biggest wealth creator during the five-year period from 2018 to 2023 while Adani Enterprises Ltd was the top all-round wealth creator, according to a study by Motilal Oswal Financial Services. The study, based on stock market performance of companies, said for the fifth time in succession, Reliance emerged as the largest wealth creator, adding Rs 9,63,800 crore wealth over 2018-23. It was followed by Tata Consultancy Services (Rs 6,77,400 crore wealth addition), ICICI Bank (Rs 4,15,500 crore), Infosys (Rs 3,61,800 crore) and Bharti Airtel (Rs 2,80,800 crore).

 Reliance Life listing: Anil awaits IRDA nod

Reliance Life listing: Anil awaits IRDA nod

Rediff.com28 Sep 2010

Industrialist Anil Ambani on Tuesday said that his group was looking to unlock value in its life insurance venture through listing of Reliance Life as a separate company on the bourses.

Google picks up 7.7% stake in Reliance for Rs 33,737cr

Google picks up 7.7% stake in Reliance for Rs 33,737cr

Rediff.com15 Jul 2020

"We are delighted to welcome Google as a strategic investor in Jio Platforms. We have signed a binding partnership and an investment agreement under which Google will invest Rs 33,737 crores for a 7.7 per cent stake in Jio Platforms," Mukesh Ambani said at the company's annual general meeting.

Reliance 1st online AGM to feature brand-new virtual platform, Chatbot

Reliance 1st online AGM to feature brand-new virtual platform, Chatbot

Rediff.com13 Jul 2020

All directors, key officials, and shareholder speakers will be visible and audible and thousands of shareholders, including those from the US, UK, Canada UAE, Japan, HongKong, Singapore, Malaysia, and Australia, will be able to post their questions and eVote on resolutions.

Reliance Retail to exit Bengal?

Reliance Retail to exit Bengal?

Rediff.com28 Aug 2007

In view of the recent attacks on its agri retail stores, the Reliance Industries group company on Tuesday said it will go slow on the roll out of Reliance Fresh outlets in the state.

RIL-Disney 'game-changing' deal gets a thumbs-up from analysts

RIL-Disney 'game-changing' deal gets a thumbs-up from analysts

Rediff.com8 Mar 2024

Analysts have given a thumbs up to the Reliance Industries (RIL) and Walt Disney Co. (Disney) proposed a joint venture (JV). The stock of the Mukesh Ambani-controlled company gained nearly 1.5 per cent on Thursday to Rs 2,952 levels as compared to the S&P BSE Sensex that traded marginally weak, down 0.2 per cent to 72,172 levels in intra-day trades.

SC refuses to transfer Adani probe to CBI, fully backs SEBI

SC refuses to transfer Adani probe to CBI, fully backs SEBI

Rediff.com3 Jan 2024

In a significant win for the Adani group, the Supreme Court on Wednesday refused to transfer the probe into allegations of stock price manipulation by the Indian corporate giant to a special investigation team or the CBI, saying market regulator SEBI was conducting a "comprehensive investigation" and its conduct "inspires confidence".

India's Billionaire Club Has New Entrants

India's Billionaire Club Has New Entrants

Rediff.com9 Jan 2024

The IPO boom in 2023 added four new promoters to the billionaires' list.

Sensex surges 376 points; auto, IT shares advance

Sensex surges 376 points; auto, IT shares advance

Rediff.com16 Feb 2024

Wipro was the biggest gainer in the Sensex chart, rising 4.79 per cent, followed by M&M, L&T, Tata Motors, Maruti, Infosys, Nestle India and IndusInd Bank.

Reliance SIP + Insure: Should you invest?

Reliance SIP + Insure: Should you invest?

Rediff.com13 Sep 2011

A comprehensive look into what this scheme is all about and why as an investor one should not go for this scheme.

IEPFA reaches out to top hundred firms to ease investor claims' process

IEPFA reaches out to top hundred firms to ease investor claims' process

Rediff.com2 Jun 2023

The investor education and protection fund authority (IEPFA) has reached out to top hundred companies to reduce the documentation required for individuals trying to claim their shares, according to a senior government official. Recently, the Supreme Court-appointed expert panel on the Adani-Hindenburg case had raised issues such as capacity constraints faced by IEPFA in clearing these claims which are over Rs 5,000 crore. "Our immediate priority is to ensure that claims of those investors whose application was approved a year ago but the transfer has not gone through yet are settled first.

Reliance Life tops in customer satisfaction

Reliance Life tops in customer satisfaction

Rediff.com30 Aug 2010

Anil Dhirubhai Ambani Group company Reliance Life Insurance has been awarded a high rating in customer satisfaction for the third year in a row, according to a survey.

Modi calls for 'secular civil code', 'one nation one election' in I-Day speech

Modi calls for 'secular civil code', 'one nation one election' in I-Day speech

Rediff.com15 Aug 2024

Modi said laws which divide the country on communal lines and become a reason for inequality have no place in a modern society.

Reliance Infra questions RIL's notice

Reliance Infra questions RIL's notice

Rediff.com24 Sep 2009

In a sharp retort to a notice of gas supply suspension to one of its power plant, Anil Ambani group firm Reliance Infra on Wednesday questioned the legality of Mukesh Ambani-led RIL's warning for not paying an "illegal" marketing margin.

Anil Ambani firm to sell BIG FM to Music Broadcast

Anil Ambani firm to sell BIG FM to Music Broadcast

Rediff.com27 May 2019

This deal will make Music Broadcast, which currently operates 39 channels, the largest private FM Channel operator.

RCap auction postponed to April 11 even as Torrent pursues litigation

RCap auction postponed to April 11 even as Torrent pursues litigation

Rediff.com4 Apr 2023

Lenders have postponed the second auction to sell bankrupt Reliance Capital's assets by a week to April 11, even as the Torrent group, the highest bidder in the first round, pursues litigation in the Supreme Court. Lenders are expecting the Hinduja group and Torrent to participate in the second auction and maximise the value of the assets. American financial services major, Oakteee may also join the race, said a source.

Reliance, RPL set to merge

Reliance, RPL set to merge

Rediff.com28 Feb 2009

In an action replay after seven years, Mukesh Ambani-promoted Reliance Industries, India's largest company by market capitalisation, announced on Friday, plans to merge its group firm Reliance Petroleum with itself. Both RIL and RPL informed the Bombay Stock Exchange on Friday that they would hold separate board meetings on March 2 to consider the merger.

Review plea filed against SC verdict on Adani-Hindenburg row

Review plea filed against SC verdict on Adani-Hindenburg row

Rediff.com13 Feb 2024

The petition claimed there were "mistakes and errors" in the judgment, and in light of certain new material that had been received by the counsel for the petitioner, there were sufficient reasons for a review of the verdict.

Reliance firms reach gas pact

Reliance firms reach gas pact

Rediff.com4 Feb 2006

Anil Ambani inducts younger son into RInfra board

Anil Ambani inducts younger son into RInfra board

Rediff.com26 Nov 2018

According to insiders, the induction of Jai Anshul would coincide with the birthday of the late patriarch of Reliance group, Dhirubhai Ambani, in the last week of December.

Jio Financial to list on bourses on Aug 21

Jio Financial to list on bourses on Aug 21

Rediff.com18 Aug 2023

Jio Financial Services, the demerged financial services unit of Reliance Industries, will be listed on bourses on August 21, according to an exchange notification. Jio Financial Services Ltd (JFSL) demerged from Reliance last month and is currently listed under a dummy ticker after its price discovery at Rs 261.85 but there is no trading happening in the scrip. The listing on BSE and NSE has been scheduled a day before FTSE Russell plans to drop JFSL from its indices.

Reliance Money plans SME exchange

Reliance Money plans SME exchange

Rediff.com2 Feb 2009

The company is also mulling to enter the currency futures space through the exchange. Recently, the Securities and Exchange Board of India had issued guidelines for SME exchange, and had set a minimum net worth criteria of Rs 100 crore (Rs 1 billion) for entity willing to start it.

Reliance plans silver, platinum funds

Reliance plans silver, platinum funds

Rediff.com16 Feb 2011

Reliance gold scheme does not require demat account.

Reliance Entertainment, Spielberg deal completed

Reliance Entertainment, Spielberg deal completed

Rediff.com20 Sep 2008

Anil Ambani group's Reliance Entertainment and DreamWorks SKG of acclaimed director Steven Spielberg have completed the much-talked about deal for jointly making Hollywood films.

RIL Cap sells Reliance Energy stake

RIL Cap sells Reliance Energy stake

Rediff.com21 May 2007

Anil Ambani Group firm Reliance Capital on Monday sold its entire stake in another group company Reliance Energy to other promoters in a block deal on the bourses, booking profits of about Rs 350 crore (Rs 3.5 billion).

RIL to be zero-net debt company in 18 months: Ambani

RIL to be zero-net debt company in 18 months: Ambani

Rediff.com12 Aug 2019

Ambani said Reliance ended last year with a net debt of Rs 154,478 crore.

Bankers tried to create illegal investment arm for Anil: FSA

Bankers tried to create illegal investment arm for Anil: FSA

Rediff.com15 Dec 2011

According to a report in the Financial Times, two UBS bankers tried to create Pleuri, an offshore vehicle through which Ambani 'could illegally invest in securities at home'.

Reliance violated norms: Shourie

Reliance violated norms: Shourie

Rediff.com26 Sep 2003

No salary for Akash, Isha and Anant Ambani; fee for attending board meetings

No salary for Akash, Isha and Anant Ambani; fee for attending board meetings

Rediff.com26 Sep 2023

While Ambani, 66, drew nil salary from the company since the 2020-21 fiscal year, other executive directors including his cousins Nikhil and Hital are paid a salary, perquisites, allowances and commission. His three children - twins Akash and Isha (both 31) and Anant (28 years) - will get only a sitting fee and a commission on the profit earned by the firm.