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We now need to wait for execution especially in 5G and Jio Mart. With the Aramco deal unlikely to happen, most of the excitement could be over for the time being
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All that happened in the markets today
Altogether, Reliance Industries has sold 25.24 per cent stake in Jio Platforms Ltd and raised over Rs 1.18 trillion in the process
Shares of Ambani's conglomerate have more than doubled since a low in March as its digital unit got more than $15 billion in investments from companies including Facebook and Silver Lake
Facebook is transforming into a more local, more Indian company focussed on connecting friends and family, and small businesses, Mohan tells Vanita Kohli-Khandekar
Leading business houses report pre-tax loss of Rs 19,342 crore in Q4
Ambani's holding group launched the Indian Super League, an elite competition of newly created teams, in 2014 with the aim of attracting investment and big global names.
Old favourites Singapore and Mauritius slowly giving way to funds from Cayman Islands and British Virgin Islands, whose flows into into the country have grown 267% and 469%, respectively
Through a blend of online events, video-guided tours and parties, and digital catalogues called "flipbooks", the company's sales have awakened after the easing of the lockdown.
The lockdown has further pushed the start of production to mid of 2020-21 fiscal, Reliance said in its latest annual report
"It's not only imperative for us to be net carbon zero but I think that we should opt to recycle carbon," Ambani said.
The deal was to be concluded by March 2020 but has been delayed.
All that happened in the markets today
Earlier in the day, Ambani announced that Reliance Industries had become net debt-free after raising a record Rs 1.69 trillion from global investors and a rights issue in under two months
All that happened in the markets today
All that happened in the markets today