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Mukesh Ambani

Delhi High Court halts insolvency proceedings against Anil Ambani

General

27 August, 2020

Delhi High Court halts insolvency proceedings against Anil Ambani

The Delhi High Court on Thursday halted insolvency proceedings against Reliance Group chairman Anil Ambani, the younger brother of India's ......

Reliance Retail acquires majority stake in e-pharmacy Netmeds

TMT

19 August, 2020

Reliance Retail acquires majority stake in e-pharmacy Netmeds

Reliance Industries Ltd’s retail unit has purchased a majority stake in online pharmacy Netmeds for Rs 620 crore ($83 million) ......

Grapevine: Reliance eyes TikTok India, deal with Aramco hits valuation hurdle

General

13 August, 2020

Grapevine: Reliance eyes TikTok India, deal with Aramco hits valuation hurdle

Reliance Industries Limited (RIL) is evaluating the possibility of investing in the India operations of banned Chinese video platform TikTok, ......

Reliance-Google smartphone deal in India threatens Chinese firms

TMT

20 July, 2020

Reliance-Google smartphone deal in India threatens Chinese firms

A $4.5 billion deal under which Alphabet’s (GOOGL.O) Google will collaborate with India’s Reliance Industries (RELI.NS) on a new smartphone ......

Reliance emerging as bigger threat for Amazon, Walmart

TMT

16 July, 2020

Reliance emerging as bigger threat for Amazon, Walmart

A $20 billion fund raising spree may take India's Reliance closer to its dream of becoming a digital giant, further ......

Reliance's $15 bn stake sale deal with Saudi Aramco delayed

Manufacturing

15 July, 2020

Reliance's $15 bn stake sale deal with Saudi Aramco delayed

Reliance Industries' plans to sell 20% stake in its oil-to-chemical business to Saudi Aramco is delayed, chairman of the Indian ......

Google picks up 7.7% stake in Reliance's Jio for $4.5 bn

TMT

15 July, 2020

Google picks up 7.7% stake in Reliance's Jio for $4.5 bn

Reliance Industries Ltd said on Wednesday Alphabet Inc.’s Google will invest Rs 33,737 crore ($4.5 billion) in Jio Platforms Ltd, ......

Flipkart gets $1.2 bn from Walmart, others; valuation jumps 20%

TMT

14 July, 2020

Flipkart gets $1.2 bn from Walmart, others; valuation jumps 20%

Online retailer Flipkart said on Tuesday it is raising $1.2 billion (Rs 9,048 crore) in a funding round led by ......

Reliance's Jio gets $97 mn from Qualcomm Ventures for 5G push

TMT

13 July, 2020

Reliance's Jio gets $97 mn from Qualcomm Ventures for 5G push

Qualcomm Ventures has agreed to invest up to Rs 730 crore ($97 million) in Reliance Industries Ltd’s digital unit, Jio ......

BP pays Reliance $1 bn to set up petrol station venture

Infrastructure

10 July, 2020

BP pays Reliance $1 bn to set up petrol station venture

BP has paid Reliance Industries $1 billion to set up a joint network of thousands of petrol stations across India ......