Page 3 - Reliance Group

Reliance Retail Ventures plans expanding in diagnostic healthcare: Report

Company said to be considering acquiring majority stake in dedicated diagnostic services firm

Reliance Industries starts trading US oil setting Brent benchmark

LONDON (Reuters) - India's Reliance has made its first foray into trading a type of U.S. crude oil that underpins the global Brent benchmark in a process run by oil-index publisher S&P Global Commodity Insights, the publisher said.

RIL gets S&P, Fitch thumbs-up as strong earnings keep leverage in check

Reliance Industries Ltd has won a vote of confidence from global rating agencies S&P and Fitch after its robust earnings in the fiscal year ended March 31, 2024, supported its growth aspirations and kept leverage under check. S&P Global Ratings and Fitch Ratings in separate notes spoke of its EBITDA (loosely known as pre-tax profit) rising in the current fiscal year and next on rising revenue and past investments. "Reliance Industries Ltd's (RIL) strong earnings will keep leverage in check as the company continues to pursue growth ambitions. We expect the company's debt-to-EBITDA ratio to remain commensurate with the rating (BBB+/Stable/--)," S&P said in a note. The oil-to-telecom-and-retail conglomerate's growth aspirations remain intact, it said, adding the company has ramped up investments in the media business in recent months. In 2024, it entered into binding definitive agreements with The Walt Disney Co for a media joint venture in which RIL will invest Rs 11,500 ...

Ambani's Jamnagar pre-wedding bash: IAF helped manage 600+ jets in 5 days

The airfield in Jamnagar was designated an international airport for the five-day event celebrating Anant Ambani's engagement with Radhika Merchant

Tesla & Reliance may join hands for EV manufacturing plant in India: Report

Tesla has earmarked $2 billion for its forthcoming endeavours in India and has been scouting various locations, including Gujarat and Maharashtra, as potential sites for the plant

SC sets aside Rs 8,000 cr arbitral award to Anil Ambani's Reliance Infra

The Supreme Court upheld the Delhi High Court's division bench decision, citing patent illegality in the arbitral award

Reliance picks up 26% stake in Adani's Mahan Energen power project

First instance of the two biz houses collaborating

Reliance Consumer to bring Sri Lankan beverage Elephant House to India

With this tie-up, RCP adds another brand to its beverage portfolio. It already has brands such as Campa, Sosyo and Raskik

Anant Ambani's pre-wedding: 2,500 dishes, concert by Rihanna, and more

With 2,500 dishes over four meals a day, a private concert by Rihanna and Diljit Dosanjh, who's who of Bollywood, among others, the pre-wedding bash is expected to be nothing short of a spectacle

Reliance Consumer to acquire Ravalgaon Sugar confectionery brands

Reliance Consumer will acquire Ravalgaon Sugar confectionery's brands, including Coffee Break and Paan Pasand, in a Rs 27 crore deal. Ravalgaon Sugar Farm, which owns brands such as Mango Mood, Coffee Break, Tutty Fruity, Paan Pasand, Choco Cream and Supreme, has sold its trademarks, recipes, all intellectual property rights to Reliance Consumer Products Ltd (RCPL), as per a regulatory filing. In the filing, Ravalgaon Sugar Farm said its board "approved the sale, transfer and assignment of the trademarks, recipes, all intellectual property rights, including all rights, interests, and protections associated therewith, relating to the company's sugar boiled confectionery business to RCPL for a consideration of Rs 27 crore". A deed of assignment by its promoters Harshavardhan Bharat Doshi, Nihal Harshavardhan Doshi, and Lalan Ajay Kapadi has also been executed, it added. RCPL is a subsidiary of Reliance Retail Ventures Ltd (RRVL), which is the retail arm of Mukesh Ambani-led Reliance

Reliance Infra Q3 results: Net loss widens to Rs 421 cr on higher expenses

Reliance Infrastructure Ltd on Friday reported widening of consolidated net loss to Rs 421.17 crore in the December quarter, due to higher expenses. It had clocked a net loss of Rs 267.46 crore in the year-ago period, the company said in an exchange filing. The company's total income, however, rose to Rs 4,717.09 crore from Rs 4,224.64 crore in the same period a year ago. Its expenses surged to Rs 5,068.71 crore from Rs 4,840.87 crore in the third quarter of the previous fiscal. Reliance Infrastructure is engaged in the business of providing engineering and construction services for power, roads, metro rail, and other infrastructure sectors.

Mukesh Ambani top placed Indian, No.2 globally in Brand Guardianship Index

Billionaire Mukesh Ambani has been ranked first among all Indians and second globally in the Brand Guardianship Index 2024 compiled by Brand Finance. The chairman and managing director of Reliance Industries Ltd overtakes the likes of Microsoft's Satya Nadella, and Google's Sundar Pichai to be ranked No.2 globally only behind Tencent's Huateng Ma. According to the publication, the Brand Guardianship Index is a global recognition of CEOs, who are building business value in a sustainable manner, by balancing the needs of all stakeholders - employees, investors, and the wider society. Tata Sons chairman N Chandrasekaran is ranked at No.5, up from No.8 in the 2023 ranking. He is followed by Anish Shah of Mahindra & Mahindra at No.6 and Infosys' Salil Parekh at No.16. In the 2023 ranking as well Ambani was placed at No.2 position globally. This year he was ranked No.1 in Brand Guardianship Index 2024 among the 'Diversified' conglomerates. Ambani was ranked ahead of global majors like

Reliance Industries Q3 results: Profit rises 9.3% to Rs 17,265 crore

The Mukesh Ambani-led conglomerate said its consolidated revenue from operations rose 3.6% to Rs 2.28 trillion

Q3FY24 earnings preview: Consumer business to boost RIL's earnings

Analysts estimate strong performance in consumer businesses to be offset by a decline in O2C earnings

Reliance, Jindal among six firms to get incentives for making electrolysers

Reliance Electrolyser Manufacturing, Jindal India and John Cockerill Greenko Hydrogen Solutions are among the six firms who have emerged as successful bidders for getting incentives to set up facilities to manufacture electrolysers, a critical component required for green hydrogen production. The bids came in response to a tender by Solar Energy Corporation of India (SECI) inviting players for setting up 1.5GW manufacturing capacity for electrolysers, as per a SECI statement. Bids for electrolysers manufacturing were invited on July 7 last year. A SECI statement issued on January 12, 2024, showed that Reliance Electrolyser Manufacturing Ltd has bagged incentives of Rs 444 crore for setting up of 300MW of manufacturing capacities for electrolysers. Similarly, John Cockerill Greenko Hydrogen Solutions Private Ltd and Jindal India Ltd have also bagged incentives of Rs 444 crore each for setting up 300 MW manufacturing capacity of electrolysers each. Ohmium Operations Pvt Ltd has bagg

Mukesh Ambani re-joins $100 bn club, wealth climbs $2.8 bn to $101.8 bn

The billionaire is the 12th-richest person in the world, ahead of L'Oreal heir Francoise Bettencourt Meyers

Reliance Industries committed to make new investments in TN: Mukesh Ambani

Reliance Industries has committed to make new investments in Tamil Nadu in the renewable energy space, said its Chairman and Managing Director, Mukesh D Ambani on Sunday. Reliance Industries would also inaugurate its state-of-the-art data centre that has been set up in partnership with Canada-based Brookfield Asset Management and US-based Digital Reality. In his virtual address at the inaugural function of the Global Investors Meet 2024 organised by the Tamil Nadu government, Ambani said, Reliance has proudly partnered in Tamil Nadu's growth over the years. Listing the company's investments in the state, he said, We have opened nearly 1,300 retail stores across the state at an investment of over Rs 25,000 crore. Jio has invested over Rs 35,000 crore in Tamil Nadu, bringing the fruits of digital revolution to 35 million subscribers in every town and village in the state." The video message was played in the presence of Union Commerce Minister Piyush Goyal, Chief Minister M K Stalin

Reliance, Disney start antitrust diligence on India media merger: Report

Reliance has appointed Indian law firm Khaitan & Co and Shardul Amarchand Mangaldas, while Disney has roped in AZB & Partners, the people said

Gautam Adani reclaims India's richest title from Mukesh Ambani post-verdict

Reliance Group's combined market-cap at Rs 18.97 trillion, however, is way ahead of Adani Group's Rs 15.1 trillion

RIL will never be complacent, aims for top 10 global conglomerates: Ambani

Having created businesses ranging from world's largest single-location oil refining complex to nation's largest mobile network operators in just few years, billionaire Mukesh Ambani says his group Reliance Industries Ltd will never be complacent and will grow to be among the top 10 business conglomerates of the world. Addressing employees on Reliance Family Day - the birthday of the group's founder Dhirubhai Ambani, he said Reliance is now aiming to consolidate a place among global leaders in digital data platforms and AI adoption. "Today, the domestic and global environments for business are changing very fast. There is simply no room for complacency," he said. "Reliance was never complacent in the past, and Reliance will never be complacent in future." Reliance, he said, is known for "disrupting the market through constant innovation and reinvention." Starting with a small textile manufacturing unit in Mumbai, Reliance did backward integration -- it ventured into petrochemicals .