Page 2 - Reliance Group

Newly merged Star India-Viacom18 to boast cash reserves of over Rs 19K cr

The newly merged Star India-Viacom18 will have over Rs 19,000 crore in cash reserves, enabling the company to invest in its digital and sports sectors, which may face short-term losses

Reliance announces green energy-powered data centres for AI in Jamnagar

During the Reliance AGM, Mukesh Ambani said that under Reliance Jio's 'AI everywhere for everyone' vision is aimed offering AI and related services to Indians at affordable rates

'Not in the business of hoarding wealth': Mukesh Ambani addresses 47th AGM

Reliance Industries Chairman Mukesh Ambani addressed the 47th Annual General Meeting, in which he reiterated the company's commitment to the nation's growth

Sebi ban on Anil Ambani, and his Reliance Group's many troubles: A timeline

Once ranked sixth-richest person in the world in 2008, Anil Ambani has faced numerous legal and financial hurdles, leading him to announce bankruptcy in a UK court in 2020

Anil Ambani reviewing securities market ban, to take appropriate steps

No action against us, clarify Rel Infra, Rel Power

Disney-Reliance offer concessions for merger, but no cricket rights sale

Reliance-Disney are aiming to create India's biggest entertainment player which will compete with Sony, Netflix and Amazon

Cricket likely to play spoilsport in Walt Disney-Reliance merger

Will the creation of India's largest media firm help fight the tech-media majors or simply birth a new monopoly?

Disney-Reliance may need to dilute cricket dominance to seal merger deal

According to seven antitrust lawyers, to keep the deal alive the companies will now have to come up with structural changes to their arrangement or so-called behavioural remedies

Retail sector slashes 26,000 jobs due to falling demand, expansion halt

The reduction was primarily driven due to Reliance, Titan, Raymond, Page, and Spencers, which cut 52,000 jobs, or 17% of their workforce

Reliance, Disney to offer concessions to win antitrust nod for merger

Antitrust experts have warned that the Reliance-Disney merger, announced in February, could face intense scrutiny as it will create India's biggest entertainment player

Over half of Reliance employees under 30, women make up 21% of workforce

Reliance's total employee count stands at 347,362, of which 74,317 are women. Among the new joinees during FY24, a total of 41,092 were women

This Reliance group stock has rallied 52% in 9 days; zoomed 120% in 5 weeks

Shares of Lotus Chocolate Company were locked in the upper circuit for the eight straight trading day, up 5 per cent at Rs 1,035 on the BSE as of 12:14 pm on Monday.

Reliance Jio prepares for IPO in 2025 at $112 billion valuation: Jefferies

Jefferies said Jio might debut with a valuation around $112 billion, potentially contributing a 7%-15% increase in the share price of Reliance Industries

Reliance Retail plans to launch sports format to compete with Decathlon

Reliance is in talks to lease 8,000-10,000 sq ft space across malls and high streets in top cities for the new venture. The name of the new brand has not been disclosed yet

Chinese smartphone giants seek Indian partnerships amid govt push

Vivo, Oppo, and Xiaomi are in discussions to collaborate with Indian companies for manufacturing and distributing their products in India, however, major conglomerates seem hesitant

Mcap of 9 of top-10 most valued firms jumps Rs 2.89 trn, Reliance shines

Nine of the top-10 most valued firms together added Rs 2,89,699.42 crore in market valuation last week, with Reliance Industries emerging as the biggest gainer, in line with a rally in equities. Last week, the BSE benchmark jumped 1,822.83 points or 2.36 per cent. The BSE Sensex recorded the best monthly gain in June by climbing 7.14 per cent. The Sensex breached the historic 79,000 mark on Thursday. While Reliance Industries, Tata Consultancy Services (TCS), HDFC Bank, ICICI Bank, Bharti Airtel, State Bank of India, Infosys, Hindustan Unilever and ITC were the gainers, Life Insurance Corporation of India (LIC) emerged as the laggard. The market capitalisation (mcap) of Reliance Industries jumped Rs 1,52,264.63 crore to Rs 21,18,951.20 crore. TCS added Rs 34,733.64 crore taking its valuation to Rs 14,12,845.09 crore. The mcap of ICICI Bank soared Rs 30,286.99 crore to Rs 8,44,201.88 crore and that of Bharti Airtel surged Rs 18,267.7 crore to Rs 8,22,530.35 crore. The market valu

16% RIL shareholders oppose reappointment of Aramco chairman as director

Reliance Industries' shareholders have approved the reappointment of Saudi Aramco Chairman Yasir Othman H Al-Rumayyan as an independent director on the company's board for five years but over 16 per cent voted against the proposal. In a stock exchange filing, Reliance said its shareholders through a postal ballot approved the reappointment of Al Rumayyan as well as appointment of Haigreve Khaitan as independent directors on the board. They also approved reappointment of long-time company executive P M S Prasad as a director for another 5 years. The resolution for reappointment of Al Rumayyan was carried with 83.97 per cent voting in favour of the resolution. As many as 16.02 per cent voted against it , the filing showed. Al-Rumayyan, who also heads Saudi Arabia's Public Investment Fund - among the largest sovereign wealth funds in the world, was first appointed on Reliance board in 2021 for a three-year term. His first term ends on July 18, 2024. And now he has been reappointed till

Star India-Viacom18 merger may take more time as CCI looks into details

The merger comes at a time when a FICCI-EY report revealed that the Indian media and entertainment sector grew by 8 per cent in calendar 2023, reaching Rs 2.3 trillion

Jio Financial Services launches 'JioFinance' app in beta version

Key features of the application include instant digital account opening and streamlined bank management with the "Jio Payments Bank Account" feature

Govt asks state-run oil refiners, RIL to jointly negotiate Russia oil deal

Reliance is unlikely to share sensitive information with the state oil refiners given they're competitors in the domestic fuel market