Reliance Industries to set up digital subsidiary with Rs 1.08 lakh cr investment; Jio to be net debt-free
5 years, 2 months ago

Reliance Industries to set up digital subsidiary with Rs 1.08 lakh cr investment; Jio to be net debt-free

Firstpost  

The subsidiary will also acquire RIL’s equity investment of Rs 65,000 crore in Jio Infocomm, bringing up Reliance’s total investment in the digital business to Rs 1.73 lakh crore The Board of Directors of Reliance Industries Ltd on Friday has approved the formation of a wholly-owned subsidiary for its digital initiatives with an investment of Rs 1.08 lakh crore. The subsidiary will also acquire RIL’s equity investment of Rs 65,000 crore in Jio Infocomm, bringing up Reliance’s total investment in the digital business to Rs 1.73 lakh crore. A scheme of arrangement between Reliance Jio and certain classes of its creditors for transfer of identified liabilities of up to Rs 1.08 lakh crore to RIL | @kritika_saxena1 pic.twitter.com/GowBkIbtIN — CNBC-TV18 October 25, 2019 RIL said that RJIL board has approved a scheme of arrangement between the company and certain classes of its creditors including debenture holders for transfer of identified liabilities of up to Rs 1.08 lakh crore to RIL. Reliance Industries Chairman Mukesh Ambani said that the creation of a new company will help create a transformational digital services platform and help attract potential strategic partners.

Investment Digital Company Jio Reliance Industries Crore Lakh Reliance Industries Ril Identified Liabilities  ril  liabilities  industries  rs  crore  digital  net  platform  jio  lakh  set  company  reliance  investment  subsidiary

History of this topic

RIL preparing for Jio IPO next year, retail business to go public much later
2 months, 1 week ago

RIL preparing for Jio IPO next year, retail business to go public much later

Live Mint  

Reliance Jio IPO: Reliance Industries Ltd aims to list its subsidiary Jio Platforms Ltd, which houses the country’s largest telecom company, in 2025, two people familiar with the development said. Reliance Jio Infocomm Ltd, a fully owned subsidiary of Jio Platforms, houses the group’s telecom services business, offering voice and data services to more than 479 million consumers in the …

Reliance Jio IPO: Listins likely by 2025 at $112 billion valuation, says Jefferies
6 months ago

Reliance Jio IPO: Listins likely by 2025 at $112 billion valuation, says Jefferies

Hindustan Times  

Reliance Jio- the telecom unit of Reliance Industries Ltd- could be headed for a major initial public offering in 2025. Jio 'could list at $112 billion valuation' and add '7-15 percent upside' to the Reliance Industries share price, the brokerage said. Mobile sim card packets for Jio Platforms Ltd., a unit of Reliance Industries Ltd., in Mumbai, India. "Jio leading …

RIL buys 13.01 per cent in Viacom18 for Rs 4,286 crore
10 months ago

RIL buys 13.01 per cent in Viacom18 for Rs 4,286 crore

New Indian Express  

NEW DELHI: Reliance Industries Limited signed an agreement on Thursday to acquire a 13.01% equity stake in Viacom18 Media Private Limited for a consideration of Rs 4,286 crore. “A binding agreement has been entered between Reliance and two subsidiaries of Paramount Global to acquire a 13.01% equity stake in Viacom 18 Media held by Paramount Global via two subsidiaries for …

Jio Financial Services hits ₹2 lakh crore market cap, a 1st: What's happening
10 months, 3 weeks ago

Jio Financial Services hits ₹2 lakh crore market cap, a 1st: What's happening

Hindustan Times  

Jio Financial Services share: In a first, Jio Financial Services Ltd's market capitalisation exceeded ₹2 lakh crore driven by a 35 per cent surge in its share price this year while Reliance Industries hit a record high today. Reliance Industries is leading the list with a market cap of ₹20.05 lakh crore, followed by Tata Consultancy Services ₹14.78 lakh crore …

Reliance Q2 Results Highlights: Net profit rises 27% to ₹17,394 crore on higher EBITDA, strong retail biz
1 year, 2 months ago

Reliance Q2 Results Highlights: Net profit rises 27% to ₹17,394 crore on higher EBITDA, strong retail biz

Live Mint  

Reliance Industries Q2 Results Highlights: Billionaire Mukesh Ambani-led Reliance Industries announced its July-September quarter results for fiscal 2023-24, reporting a rise of 27 per cent in consolidated net profit at ₹17,394 crore, compared to ₹13,656 crore in the corresponding period last year. Reliance Industries Q2 Earnings Live: RIL's media biz Revenue from operations for the segment grew 20.4 per cent …

Network18 Q2 YoY operating revenue jumps 20% to Rs 1,866 crore
1 year, 2 months ago

Network18 Q2 YoY operating revenue jumps 20% to Rs 1,866 crore

Firstpost  

During the quarter, the company has taken a number of steps that will result in revenue visibility for years. The foremost being Viacom18’s acquisition of media rights for the BCCI International and Domestic matches Network18 Media & Investments on October 25 reported that its consolidated operating revenue for the July-September quarter jumped 20 percent year-on-year to Rs 1,866 crore, from …

In charts: Jio Financial Services’ promise of the future
1 year, 4 months ago

In charts: Jio Financial Services’ promise of the future

Live Mint  

The Mukesh Ambani-led Reliance Group likes to do everything big, from announcement to business scale. Reliance Industries first announced the demerger of Jio Financial Services from itself in late-2022. Ultimately, six other Reliance subsidiaries were housed in a company, Reliance Strategic Investments, which was renamed to Jio Financial Services. Its valuations will be driven by its investments in Reliance entities …

Reliance AGM 2023: From financial performance to AI revolution, read full speech
1 year, 4 months ago

Reliance AGM 2023: From financial performance to AI revolution, read full speech

Live Mint  

Reliance AGM 2023: Reliance Industries Limited Chairman Mukesh Ambani on Monday addressed the 46th Annual General Meeting of the company. The inaugural Jio True5G Lab will be located at the Reliance Corporate Park, acting as the nerve centre for shaping India’s 5G future. That’s why I am so proud of our forthcoming joint venture in India with Jio Financial Services, …

RIL 46th AGM: Ambani scions to join Reliance board
1 year, 4 months ago

RIL 46th AGM: Ambani scions to join Reliance board

Live Mint  

On the 46th RIL AGM, Reliance Industries Ltd appointed Isha Ambani, Akash Ambani, and Anant Ambani as directors to the board of the oil-to-telecoms conglomerate. In an exchange filing, RIL informed shareholders on Monday, "The Board of Directors of RIL, at its meeting held today, on the recommendation of the Human Resources, Nomination and Remuneration Committee, considered and recommended to …

RIL trades flat ahead of 46th AGM at 2 pm today; Jio Financial surges 5%
1 year, 4 months ago

RIL trades flat ahead of 46th AGM at 2 pm today; Jio Financial surges 5%

Business Standard  

Shares of Reliance Industries Limited were flat at Rs 2,483 apiece on the BSE in Monday's intra-day trade ahead of 46th annual general meeting. As of 10:55 am, shares of JFSL were up 4.7 per cent to Rs 222 apiece on the BSE, while the stock clinched itself as top Nifty50 performer, up 3.7 per cent on the NSE. In …

Reliance share price volatile ahead of 46th AGM
1 year, 4 months ago

Reliance share price volatile ahead of 46th AGM

Live Mint  

Reliance Industries share price opened nominally higher but traded volatile in early deals on Monday ahead of the company's 46th Annual General Meeting. Prashanth Tapse, Senior VP of Research at Mehta Equities underscored that all eyes would be on RIL AGM and its announcement focusing on Jio Financial's future outlook post-demerger and other high hopes on Future Retail IPO, Reliance …

RIL shares volatile as all eyes on 46th AGM; experts positive on the stock
1 year, 4 months ago

RIL shares volatile as all eyes on 46th AGM; experts positive on the stock

Live Mint  

A day after suffering a loss of 1.50 per cent, shares of Reliance Industries traded volatile in the morning trade on BSE on Tuesday, August 22 as investors fix their eyes on the company's 46th Annual General Meeting on Monday, August 28 at 2:00 pm. Jio Financial Services Limited, formerly known as Reliance Strategic Investments Limited, the demerged financial arm …

Reliance Jio gets $2.2 bn fund support from Swedish export credit agency to finance 5G rollout
1 year, 5 months ago

Reliance Jio gets $2.2 bn fund support from Swedish export credit agency to finance 5G rollout

India TV News  

The country's largest telecom player Reliance Jio has received a USD 2.2 billion fund support from the Swedish export credit agency to finance equipment for the 5G rollout, according to Reliance Industries' annual report. "RJIL tied up its first-ever Swedish Export Credit Agency supported facilities of USD 2.2 billion equivalent making it the largest cover ever provided by EKN for …

Reliance Jio witnesses a remarkable growth with 90 lakh net subscriber additions in Q1 2023
1 year, 5 months ago

Reliance Jio witnesses a remarkable growth with 90 lakh net subscriber additions in Q1 2023

India TV News  

Jio Platforms has recorded a significant 12.5% year-over-year increase in net profit and reached up to Rs. During the reported quarter, Jio Platforms witnessed a net addition of over 90 lakh subscribers, with total data traffic soaring over 28% YoY to 33.2 billion gigabytes. Jio Platforms, which includes telecom arm Reliance Jio Infocomm and various startups, has seen significant progress …

Jio Financial Services to become the second largest shadow lender by market cap
1 year, 5 months ago

Jio Financial Services to become the second largest shadow lender by market cap

Live Mint  

Jio Financial Services, the financial arm of Reliance Industries Ltd, has unsettled shadow lenders space in the country by claiming the second spot. Post demerging with RIL on Thursday, Jio Financial Services boasts off an implied market capitalisation of ₹1.6 lakh crore, that's way behind Bajaj Finance m-cap of ₹4.59 lakh crore, but significantly higher to its contemporaries in the …

Reliance-Jio Financial demerger defies all bets, JFSL valued at ₹261.85/share
1 year, 5 months ago

Reliance-Jio Financial demerger defies all bets, JFSL valued at ₹261.85/share

Hindustan Times  

The Mukesh Ambani-led Reliance Industries Limited on Thursday demerged its financial section Jio Financial Services Limited at a 1:1 ratio. After the special pre-opening session by the National Stock Exchange, RIL was valued at ₹2,580 and JFSL at ₹261.85 per share, much higher than what analysts predicted. Reliance Industries Limited logo On the Bombay Stick Exchange, which also conducted a …

Reliance-JFSL demerger: What is the demerged Jio Financial Services — explained
1 year, 5 months ago

Reliance-JFSL demerger: What is the demerged Jio Financial Services — explained

Live Mint  

Reliance-JFSL demerger: After demerger of Jio Financial Services Ltd from its core Reliance Industries Ltd, Jio Financial Services share price is expected to list on NSE at ₹273 per share. Jio Financial Services after demerger On companies coming under the umbrella of Jio Financial Services Ltd after demerger from Reliance Industries Ltd, Rajesh Sinha, Senior Research Analyst at Bonanza Portfolio …

RIL share price opens at ₹2,580 after Jio Financial demerger
1 year, 5 months ago

RIL share price opens at ₹2,580 after Jio Financial demerger

Live Mint  

Reliance Industries - JIO financial Services Demerger: Reliance Industries share price opened at ₹2,580 per share ex-Jio Financial Services after the special pre-open call auction session on the stock exchanges Thursday. Meanwhile, the Jio Financial Services share price was valued at ₹261.85 per share after the pre-opening session. Analysts at JP Morgan had said that the implied value for Jio …

Reliance-JFSL demerger: Jio Financial Services shares to list at ₹273 on NSE
1 year, 5 months ago

Reliance-JFSL demerger: Jio Financial Services shares to list at ₹273 on NSE

Live Mint  

Reliance-JFSL demerger: The Jio Financial Services share price would list on the National Stock Exchange at ₹273 per share. This calculation came after Reliance share price settling on NSE at ₹2,580 per share in special pre-open session on Thursday as the RIL stock had ended at ₹2,853 apiece on NSE. Speaking on Jio Financial Services share price listing after cost …

Reliance Industries' Q4 profit sees 18% year-on-year jump at ₹21,327 crore
1 year, 8 months ago

Reliance Industries' Q4 profit sees 18% year-on-year jump at ₹21,327 crore

Hindustan Times  

Reliance Industries has posted an 18.3 per cent jump in its profit after tax to ₹21,327 crore for the quarter ended March 31, 2023, against ₹18,021 crore in the year-ago period. The company said it achieved a record annual consolidated profit after tax at ₹74,088 crore in FY23 against ₹65,009 crore in FY22, which is up 14 per cent year-on-year. …

Reliance, Jio raise $5bn in largest syndicated loan in India
1 year, 9 months ago

Reliance, Jio raise $5bn in largest syndicated loan in India

Deccan Chronicle  

New Delhi: Reliance Industries Ltd and its telecom arm Jio Infocomm have raised a total of USD 5 billion in back-to-back foreign currency loans, the largest syndicated loan in India's corporate history, sources said. Reliance last week raised USD 3 billion from 55 banks and Reliance Jio Infocomm secured additional credit of USD 2 billion from 18 banks, sources aware …

Jio eyes new horizons with cheap fiber plan
1 year, 9 months ago

Jio eyes new horizons with cheap fiber plan

Live Mint  

Reliance Industries Ltd’s telecom arm, Reliance Jio Infocomm Ltd, seems to be aiming at market share gains in the wired broadband segment. View Full Image Graphic: Mint As of 31 December, Jio’s subscribers in the wired broadband segment stood at 7.65 million, giving it a market share of 24%. Also, “With a second home broadband connection being a new concept, …

Jio deposits ₹3,720 cr to take over Rel Infratel
2 years ago

Jio deposits ₹3,720 cr to take over Rel Infratel

Live Mint  

Reliance Jio Infocomm Ltd has deposited ₹3,720 crore into an escrow account as part of the process to acquire the assets of Reliance Infratel Ltd, the tower and fibre business of bankrupt Reliance Communications Ltd, under an insolvency process. With this, Jio will have completed the acquisition of Reliance Communications’ tower and fibre assets housed under Reliance Infratel. Reliance Projects …

Reliance Jio formally launches 5G services, launch JioTrue5G powered WiFi services in Nathdwara
2 years, 2 months ago

Reliance Jio formally launches 5G services, launch JioTrue5G powered WiFi services in Nathdwara

Firstpost  

Under the Jio True5G Welcome Offer, customers with invitation only will get access to 5G service during the beta trial and be able to access unlimited data up to 1 gigabit per second. On October 1, after Prime Minister Narendra Modi launched the 5G telephony services that promise to provide ultra-high-speed internet on mobile phones, Mukesh Ambani said Reliance Jio, …

Reliance To Demerge Fin Services Arm Jio Financial Services, List It On Stock Exchanges
2 years, 2 months ago

Reliance To Demerge Fin Services Arm Jio Financial Services, List It On Stock Exchanges

ABP News  

Billionaire Mukesh Ambani's Reliance Industries Ltd on Friday said it will demerge its financial services arm and list it on the stock exchanges. In a statement, the firm said Reliance shareholders will be issued one equity share of Jio Financial Services Ltd for every share they hold in the company. "The Board of Directors of Reliance Industries Ltd, at its …

Net Profit Rises 28% YoY to Rs 4,518 crore, ARPU Grows 23.5% To Rs 177.2 - News18
2 years, 2 months ago

Net Profit Rises 28% YoY to Rs 4,518 crore, ARPU Grows 23.5% To Rs 177.2 - News18

News 18  

Reliance Jio Infocomm, a subsidiary of Reliance Industries‘ digital unit Jio Platforms, reported year-on-year growth of 28 percent in its standalone net profit at Rs 4,518 crore for the September quarter. Average revenue per user during the quarter of Rs 177.2 per subscriber per month saw a healthy 23.5 percent growth compared to year-ago period due to better seasonality and …

Reliance to demerge financial services arm Jio Financial Services; list it on stock exchanges
2 years, 2 months ago

Reliance to demerge financial services arm Jio Financial Services; list it on stock exchanges

India TV News  

Billionaire Mukesh Ambani's Reliance Industries Ltd on Friday said it will demerge its financial services arm and list it on the stock exchanges. In a statement, the firm said Reliance shareholders will be issued one equity share of Jio Financial Services Ltd for every share they hold in the company. "The Board of Directors of Reliance Industries Ltd, at its …

RIL Buying US-Based Software Firm SenseHawk for Rs 255 Crore
2 years, 4 months ago

RIL Buying US-Based Software Firm SenseHawk for Rs 255 Crore

News 18  

Reliance Industries Ltd has signed definitive agreements to acquire a 79.4 per cent stake in California-based solar energy management software developer SenseHawk Inc for a total transaction value of $32 million, including funding for future growth, commercial rollout of products, and R&D, according to a statement. “SenseHawk, along with RIL’s other investments in New Energy, will be synergistic and create …

Reliance Jio Q1 results: Net profit jumps nearly 24% to ₹4,335 crore
2 years, 5 months ago

Reliance Jio Q1 results: Net profit jumps nearly 24% to ₹4,335 crore

Live Mint  

Telecom giant, Reliance Jio registered a net profit of ₹4,335 crore in the quarter ending June 30, 2022 compared to a PAT of ₹3,501 crore in the same quarter last year - recording a growth of 23.82%. As of June 30, 2022, the company's net worth is around ₹2,02,132 crore compared to ₹1,86,475 crore as of June 2021. During the …

5G Auction: Jio Submits Earnest Money of Rs 14,000 Crore to DoT; Adani Group Deposits Rs 100 Crore
2 years, 5 months ago

5G Auction: Jio Submits Earnest Money of Rs 14,000 Crore to DoT; Adani Group Deposits Rs 100 Crore

News 18  

New Delhi, Jul 18: As the race for 5G spectrum auction heats up, billionaire Mukesh Ambani's Reliance Jio has made a Rs 14,000-crore earnest money deposit while rival Adani group made a modest Rs 100 crore deposit. According to information released by the Telecom Department on Monday as part of the list of pre-qualified bidders, Reliance Jio has submitted an …

Reliance share price: India's most valuable company gains big
2 years, 6 months ago

Reliance share price: India's most valuable company gains big

India Today  

Reliance Industries share price on Thursday jumped 1.4 per cent as India's most valuable company provided the biggest boost to the blue-chip indexes. The jump in Reliance's share price came after billionaire Mukesh Ambani decided to step down from the telecoms arm of Reliance Industries, handing the reins to his son Akash and setting the stage for a leadership transition …

New Yug begins at Jio Infocomm as Mukesh Ambani hands over telecom arm to son Akash in well-crafted succession move
2 years, 6 months ago

New Yug begins at Jio Infocomm as Mukesh Ambani hands over telecom arm to son Akash in well-crafted succession move

Firstpost  

Akash, an Ivy League alumnus, has been closely involved with the disruptive and inclusive growth path charted by the digital services and consumer retail propositions of Reliance group and is now leading the creation of the ‘convergence dividend’ for over 500 million consumers The Jio Infocomm baton has been passed, and the succession plan at India’s most valuable company is …

Reliance Q4 net up 22.5%, becomes first Indian company to cross $100 bn annual revenue
2 years, 8 months ago

Reliance Q4 net up 22.5%, becomes first Indian company to cross $100 bn annual revenue

India Today  

Billionaire Mukesh Ambani's Reliance Industries Ltd on Friday reported a 22.5 per cent rise in net profit for the quarter ended March on the back of bumper oil refining margins, steady growth in telecom and digital services and strong momentum in the retail business. Consolidated revenue of the nation's biggest company by market value rose 35 per cent year-on-year to …

Reliance Jio Posts Net Profit Of Rs 4,173 crore, Largely In Line With Estimates
2 years, 8 months ago

Reliance Jio Posts Net Profit Of Rs 4,173 crore, Largely In Line With Estimates

News 18  

Reliance Jio, the telecom arm of Reliance Industries Ltd, on Friday reported a net profit of Rs 4,173 crore for the fourth quarter of the 2021-22 financial year that ended on March 31, 2022. A CNBC-TV18 poll had predicted a net profit of Rs 4,400 crore for the quarter under review. India’s largest telecom operator has reported earnings before tax, …

Reliance Jio to Invest $200 Million in Mobile Startup Glance
2 years, 11 months ago

Reliance Jio to Invest $200 Million in Mobile Startup Glance

Hindustan Times  

Reliance Industries Ltd.’s digital platform will invest $200 million in the mobile content company Glance InMobi Pte., a sign regional startups continue to attract financing at strong valuations despite setbacks for some newly-public technology stocks. Reliance Jio Infocomm Ltd., India’s largest mobile services provider with more than 420 million subscribers, is trying to boost its base with home-engineered JioPhone Next …

RIL Q3 Results: Profit Jumps 42% to Rs 18,549 cr, Revenue Rises to Rs 1,91,271 cr
2 years, 11 months ago

RIL Q3 Results: Profit Jumps 42% to Rs 18,549 cr, Revenue Rises to Rs 1,91,271 cr

News 18  

Billionaire Mukesh Ambani owned, oil to chemical, telecom and retail conglomerate, Reliance Industries, on January 21 reported a consolidated profit after tax of Rs 18,549 crore for the quarter ended December 2021, up 42 per cent from Rs 13,101 crore registered in the corresponding quarter of the last financial year. The company had reported a profit of Rs 13,680 crore …

44th AGM of RIL: Reliance Industries' contribution to Indian economy remains unmatched, says Mukesh Ambani
3 years, 6 months ago

44th AGM of RIL: Reliance Industries' contribution to Indian economy remains unmatched, says Mukesh Ambani

Firstpost  

44th AGM of RIL: Reliance Industries raised $44.4 billion, the largest-ever capital raised by any company in a year globally, says Mukesh Ambani Reliance Industries Limited chairman Mukesh Ambani while addressing the 44th AGM of the company on Thursday said that even in a challenging environment, the company’s performance continued to be outstanding. As India’s largest enterprise, RIL’s contribution to …

RIL AGM: ’Jio is not just working to make India 2G-mukt, but also 5G-yukt’, says Mukesh Ambani
3 years, 6 months ago

RIL AGM: ’Jio is not just working to make India 2G-mukt, but also 5G-yukt’, says Mukesh Ambani

Live Mint  

Reliance Industries' Chairman Mukesh Ambani made major announcements at the company's 44th Annual General Meeting today. I am confident that Reliance Retail is on a hyper growth trajectory to grow at least 3x in the next 3-5 years: Mukesh Ambani -Talking about Reliance Retail, Ambani says that the company added 1,500 new stores, which is amongst the largest retail expansion …

Jio Platforms, Byju's in Time Magazine's First-ever List of 100 Most Influential Firms
3 years, 8 months ago

Jio Platforms, Byju's in Time Magazine's First-ever List of 100 Most Influential Firms

News 18  

Two Indian firms, Reliance Industries’ technology arm Jio Platforms and e-learning startup Byju’s have figured in the Time Magazine’s first-ever list of 100 most influential companies. “Now leading investors are turning to Jio Platforms — the holding company for Reliance’s digital businesses — to reach its more than 410 million subscribers,” it said. As users of his company’s signature app …

Reliance Jio to aggressively gain MSME subscribers
3 years, 10 months ago

Reliance Jio to aggressively gain MSME subscribers

India TV News  

As per a report by BofA Securities, Jio is looking to replicate mobile traction on MSME front. "By offering a bundled connectivity plan at 1/10th the existing price in the market, Jio is looking to expand the addressable market," it added. RIL's subsidiary Jio introduced an integrated offering for micro, SMBs providing enterprise grade fiber connectivity, digital and devices that …

Spectrum Auctions: Reliance Jio Says Total Owned Radiowaves Footprint Up Significantly
3 years, 10 months ago

Spectrum Auctions: Reliance Jio Says Total Owned Radiowaves Footprint Up Significantly

News 18  

India's largest telecom operator, Reliance Jio, on Tuesday said it has successfully acquired spectrum in all 22 circles in the just-concluded auctions, and that its owned radiowave footprint has risen "significantly" by 55 per cent through the acquisition. Jio – which had 408.7 million subscribers as on December — has acquired spectrum in 800 MHz, 1800 MHz and 2300 MHz …

JioPhone 2021 Offer With Unlimited Voice Calling, Internet Announced to Boost 2G-Mukt Bharat Mission
3 years, 10 months ago

JioPhone 2021 Offer With Unlimited Voice Calling, Internet Announced to Boost 2G-Mukt Bharat Mission

News 18  

Reliance Jio has announced offers for new and existing JioPhone users to accelerate its?2G-mukt Bharat? As a part of the new JioPhone 2021 plan, JioPhone users in India can enjoy unlimited voice calling and 2GB high-speed internet data for up to two years at affordable prices. Reliance also notes that the unlimited voice calling benefit that comes bundled with several …

Reliance Industries has no plans to enter contract farming, says company in media statement on farmers' protests
4 years ago

Reliance Industries has no plans to enter contract farming, says company in media statement on farmers' protests

Firstpost  

Following the vandalisation of several mobile towers of Reliance Industries’ Subsidiary Jio Infocomm, RIL and Jio have filed a petition in the Punjab and Haryana High Court on Monday, seeking to stop acts of vandalism. RIL released the following media statement on Monday: *** Reliance Industries Limited, through its subsidiary Reliance Jio Infocomm Limited, in a petition mentioned to be …

Jio 5G to Launch in India by Late 2021: Mukesh Ambani at India Mobile Congress 2020
4 years, 1 month ago

Jio 5G to Launch in India by Late 2021: Mukesh Ambani at India Mobile Congress 2020

News 18  

Jio 5G will launch in India in the second half of 2021, said Reliance Industrial chairman and managing director, Mukesh Ambani, at his keynote during the inauguration of India Mobile Congress 2020. During the keynote, Ambani introduced to Prime Minister Narendra Modi his “four ideas” that can help in India’s digital transformation, and at the centre of this was the …

Mukesh Ambani Presents Four Ideas of Digital Transformation at India Mobile Congress 2020
4 years, 1 month ago

Mukesh Ambani Presents Four Ideas of Digital Transformation at India Mobile Congress 2020

News 18  

India stands at the forefront of its digital revolution, and is poised to lead the world in the latest wave of digital industrial revolution, said Mukesh Ambani, chairman and managing director of Reliance Industries Limited, addressing Prime Minister Narendra Modi, union telecom minister Ravi Shankar Prasad and other dignitaries at the opening keynote of the India Mobile Congress 2020. Urgent …

Jio-Google 4G Android phone to launch in first quarter of 2021
4 years, 1 month ago

Jio-Google 4G Android phone to launch in first quarter of 2021

India Today  

Reliance Jio partnered with Google earlier this year to work on low-cost Android smartphones. "Jio Platforms Limited has allotted equity shares to Google International LLC, following which Google International holds 7.73 per cent of the fully diluted equity share capital of Jio Platforms," Reliance Jio said earlier this month. At Reliance's virtual annual general meeting in July, Reliance CEO, Mukesh …

Google pays Rs 33,737 cr for 7.73% stake in Jio Platforms
4 years, 1 month ago

Google pays Rs 33,737 cr for 7.73% stake in Jio Platforms

India TV News  

Alphabet Inc's Google has paid Rs 33,737 crore for a 7.73 per cent stake in Reliance Industries Ltd's digital subsidiary, Jio Platforms Ltd, joining the list of global investors such as Facebook, billionaire Mukesh Ambani's firm said. With this, Jio Platforms has raised a total of Rs 1.52 lakh crore by selling nearly 33 per cent stake to 13 financial …

Google-Jio deal: CCI clears Google picking up 7.73% stake in Jio Platforms for ₹33,737 cr
4 years, 2 months ago

Google-Jio deal: CCI clears Google picking up 7.73% stake in Jio Platforms for ₹33,737 cr

Live Mint  

The Competition Commission of India has said that it has approved Google picking up 7.73% stake in Mueskh Ambani-led Jio Platforms for ₹33,737 crore, facilitating the internet major and Jio Platforms Ltd to develop and launch Android smartphones in India. Taking to Twitter, the watchdog wrote, "Commission approves acquisition of 7.73% equity share capital of Jio Platforms by Google." 14th …

Reliance Jio Announces Three Annual All-In-One Prepaid Plans With Up To 504GB Data
4 years, 2 months ago

Reliance Jio Announces Three Annual All-In-One Prepaid Plans With Up To 504GB Data

News 18  

Telecommunications giant Reliance Jio has announced three new all-in-one annual prepaid plans for mobile users. Further, the Rs 1,001 plan includes unlimited Jio to Jio voice calls, and 12,000 minutes of Jio to non-Jio voice calls. The third and the most expensive plan worth Rs 1,501 provides 504GB of total data, capping at a 1.5GB per day limit and unlimited …

RIL's retail arm receives Rs 5,550 cr from KKR for 1.28% stake sale
4 years, 3 months ago

RIL's retail arm receives Rs 5,550 cr from KKR for 1.28% stake sale

India TV News  

Reliance Industries Ltd has received Rs 5,550 crore from global investment firm KKR, which has picked up 1.28 per cent stake in its retail arm, the Mukesh Ambani-led company said today. In a regulatory filing, Reliance Industries said: "Reliance Retail Ventures Limited, a subsidiary of the company, today received the subscription amount of Rs 5,550 crore from Alyssum Asia Holdings …

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