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Reliance Group

Reliance Nippon Life in talks with IndusInd Bank on bancassurance tie up

Reliance Nippon Life Insurance, a subsidiary of debt-ridden Reliance Capital (RCAP), has initiated talks with IndusInd Bank for bancassurance partnership as the IIHL and RCAP deal has reached the final lap. Mauritius-based IndusInd International Holdings Ltd (IIHL), the parent entity of IndusInd Bank, won the bid to acquire RCAP and entities under it. "IIHL and Japan-based Nippon Life have struck a good understanding and they are absolutely clear about promoting the insurance business. This augurs very well for the business and policyholders as IIHL has a very strong capital base and a solid global aspiration in BFSI space," Reliance Nippon Life Insurance CEO Ashish Vohra told PTI. Hinduja Group company IIHL is expecting to complete the acquisition of RCAP by next month nearly a year after the National Company Law Tribunal (NCLT) approved its rescue plan. "Bancassurance was a missing link in our structure and we have started exploring the possibility with IndusInd Bank and we are .

Reliance Nippon Life in talks with IndusInd Bank on bancassurance tie up
Updated On : 18 Dec 2024 | 7:40 PM IST

Mukesh Ambani names Ira Bindra as Group President for RIL human resources

Mukesh Ambani, the richest Asian, has announced the appointment of Ira Bindra as the new Group President of entire people, leadership and talent piece at Reliance Industries Ltd as he looks to pivot people policies at the oil-to-telecom conglomerate. Normally, its functional heads who make announcements on talent hiring at senior level and Bindra is the first in recent times whose appointment has been announced by Ambani, chairman and managing director of Reliance, himself. She has been hired to drive transformation across the entire organisation. With her appointment, HR transformation at an unprecedented level is expected at Reliance. "Bindra joins us from Medtronic, USA, where she was the Head of Human Resources & Vice President - Global Regions," Ambani said in an internal organisation announcement. Bindra, 47, will be the first non-family woman and the youngest to be on the all-powerful Executive Committee of the group. As Group President - People and Talent at Reliance, she

Mukesh Ambani names Ira Bindra as Group President for RIL human resources
Updated On : 14 Dec 2024 | 2:03 PM IST

Reliance, ReNew, others submit bids under green hydrogen transition scheme

As many as 14 firms, including Reliance Green Hydrogen and Green Chemicals, ReNew E-Fuels, Waaree Clean Energy Solution, and Avaada Green H2 have submitted bids under the green hydrogen transition scheme. The maximum benefits available under the Strategic Interventions for Green Hydrogen Transition (SIGHT) Scheme (Mode-1-Tranche-II) is Rs 5,400 crore. According to a statement by the bid coordinator, Solar Energy Corporation of India (SECI), the technical bids for incentives for green hydrogen production capacity of about 4,50,000 tonnes under the second tranche of the scheme was opened on Monday. The scheme provides for maximum benefit of Rs 50 per kg in the first year, Rs 40 per kg in the second year, and Rs 30 per kg in third year. Thus, the maximum benefit available under the Tranche II is about Rs 5,400 crore. Under the bucket I, the SECI received bids for 6,20,000 tones against the available capacity of 4,50,000 tonnes. Similarly, under the bucket II, bids for 6,500 tonnes we

Reliance, ReNew, others submit bids under green hydrogen transition scheme
Updated On : 11 Dec 2024 | 8:06 PM IST

Google, Meta set to challenge Jio, Airtel with new subsea cable projects

Google and Meta are investing billions in India's subsea cables, challenging telecom giants Jio, Airtel, and Tata Communications as the nation emerges as a key data hub

Google, Meta set to challenge Jio, Airtel with new subsea cable projects
Updated On : 04 Dec 2024 | 10:17 AM IST

Anil Ambani's Reliance Group forms centre to push 2030 growth strategy

Reliance Infrastructure and Reliance Power, key arms of the Group, have earlier announced that they have achieved debt-free status and are actively pursuing projects in new growth areas

Anil Ambani's Reliance Group forms centre to push 2030 growth strategy
Updated On : 17 Nov 2024 | 5:23 PM IST

Reliance, Disney complete merger; form Rs 70,352 crore joint venture

Reliance Industries holds a 16.34 per cent stake in the JV, while its step-down unit Viacom18 holds 46.82 per cent and Disney the rest 36.84 per cent

Reliance, Disney complete merger; form Rs 70,352 crore joint venture
Updated On : 14 Nov 2024 | 6:15 PM IST

Disney Hotstar head Sajith Sivanandan quits after merger with Reliance

After the merger, Disney and Reliance will together have more than 100 TV channels and two streaming apps

Disney Hotstar head Sajith Sivanandan quits after merger with Reliance
Updated On : 24 Oct 2024 | 12:31 PM IST

Reliance Power gets shareholders' nod to raise Rs 1,525 cr via shares

Reliance Power said it has received shareholders' approval to raise Rs 1,524.60 crore through issuance of preferential shares. A resolution through a postal ballot notice has been passed with requisite majority, the company said in a late night stock exchange filing on Wednesday. According to the postal ballot notice, the company will raise up to Rs 1,524.60 crore by preferential issue of up to 46.20 crore equity shares and/or warrants convertible into equivalent number of equity shares at a price of Rs 33 per apiece. On September 23, the board of Reliance Power Ltd had approved raising Rs 1,524.60 crore through issue of preferential shares, wherein promoters will infuse Rs 600 crore into the company to advance its business. Reliance Infrastructure, the promoter of the company, will enhance its equity stake by over Rs 600 crore. The other investors who will participate in the preferential issue include Authum Investment and Infrastructure Ltd and Sanatan Financial Advisory ...

Reliance Power gets shareholders' nod to raise Rs 1,525 cr via shares
Updated On : 24 Oct 2024 | 12:01 PM IST

PepsiCo, Coca-Cola eye budget soft drinks to compete with Reliance's Campa

PepsiCo and Coca-Cola plan to launch budget-friendly soft drinks, known as B-brands, to safeguard the premium status of their flagship products and preserve profit margins

PepsiCo, Coca-Cola eye budget soft drinks to compete with Reliance's Campa
Updated On : 24 Oct 2024 | 10:02 AM IST

RInfra to invest Rs 10,000 crore in Maharashtra defence project

The new export-oriented project will be the largest greenfield defence initiative in India undertaken by a private sector company

RInfra to invest Rs 10,000 crore in Maharashtra defence project
Updated On : 23 Oct 2024 | 12:12 AM IST

Disney-Reliance JV: All live sports, including IPL, to stream on Hotstar

Disney and Reliance in February agreed a $8.5 billion merger of their media assets to create India's biggest entertainment company, with both together having 120 TV channels and two streaming apps

Disney-Reliance JV: All live sports, including IPL, to stream on Hotstar
Updated On : 19 Oct 2024 | 9:57 AM IST

Reliance partners with UK's Mothercare to strengthen presence in South Asia

Reliance Brands, a unit of Reliance Industries Ltd, acquired a 51 per cent stake in the JV that owns the Mothercare brand and related intellectual property

Reliance partners with UK's Mothercare to strengthen presence in South Asia
Updated On : 17 Oct 2024 | 11:13 PM IST

Reliance Industries IP sprint: Over 3,000 patents at 100 filings per week

Jio Platforms have been granted 331 patents till March 2024

Reliance Industries IP sprint: Over 3,000 patents at 100 filings per week
Updated On : 16 Oct 2024 | 10:51 PM IST

Anil Ambani challenges market regulator Sebi's Rs 625 crore penalty order

Sebi also added that it will determine the quantum of illegal gains made by the alleged fraudulent schemes, and further action may be initiated accordingly

Anil Ambani challenges market regulator Sebi's Rs 625 crore penalty order
Updated On : 14 Oct 2024 | 11:05 PM IST

Mcap of 7 of top-10 most valued firms erode by Rs 1.22 trn; TCS, RIL lag

The combined market valuation of seven of the top-10 most valued firms eroded by Rs 1,22,107.11 crore last week, with Tata Consultancy Services and Reliance Industries emerging as the biggest laggards, in line with weak trend in equities. Last week, the BSE benchmark fell 307.09 points, or 0.37 per cent, to 81,381.36. The market valuation of country's largest IT firm Tata Consultancy Services (TCS) tumbled Rs 35,638.16 crore to Rs 15,01,723.41 crore. The valuation of Reliance Industries slumped Rs 21,351.71 crore to Rs 18,55,366.53 crore. ITC's valuation dropped Rs 18,761.4 crore to Rs 6,10,933.66 crore, while that of Hindustan Unilever Ltd's mcap was down Rs 16,047.71 crore to Rs 6,53,315.60 crore. The market capitalisation (mcap) of Life Insurance Corporation of India (LIC) tanked Rs 13,946.62 crore to Rs 6,00,179.03 crore and that of ICICI Bank eroded Rs 11,363.35 crore to Rs 8,61,696.24 crore. Also, HDFC Bank's mcap declined Rs 4,998.16 crore to Rs 12,59,269.19 crore. Howeve

Mcap of 7 of top-10 most valued firms erode by Rs 1.22 trn; TCS, RIL lag
Updated On : 13 Oct 2024 | 12:26 PM IST

Anil Ambani's co partners DHI to set up 1.2 GW solar, hydro power in Bhutan

Partnership marks the group's maiden foreign venture

Anil Ambani's co partners DHI to set up 1.2 GW solar, hydro power in Bhutan
Updated On : 02 Oct 2024 | 7:09 PM IST

Rel Infra to consider raising long-term capital; board meeting on Sept 19

The company had previously raised Rs 550 crore by issuing shares on a preferential basis in July 2021

Rel Infra to consider raising long-term capital; board meeting on Sept 19
Updated On : 16 Sep 2024 | 7:20 PM IST

Corporate India's big six boost profits, struggle with flat job growth

India's top six corporate firms saw their employee headcount growth stagnate at -0.2 per cent, with numbers dropping from 1.74 million in FY23 to 1.73 million in FY24

Corporate India's big six boost profits, struggle with flat job growth
Updated On : 12 Sep 2024 | 2:59 PM IST

Indian cos raise $6 bn from private credit in first-half 2024: EY report

Real estate, healthcare firms push private credit deals to record high

Indian cos raise $6 bn from private credit in first-half 2024: EY report
Updated On : 11 Sep 2024 | 5:36 PM IST

Reliance partners with Israeli firm Delta Galil, to rival Page in innerwear

Delta Galil, renowned globally for its premium innerwear brands, will introduce its international portfolio to India, collaborating with Reliance to design and manufacture lingerie products

Reliance partners with Israeli firm Delta Galil, to rival Page in innerwear
Updated On : 10 Sep 2024 | 11:35 AM IST