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SBI puts Anil Ambani in dock for guarantee given on loans to his firms

Finance

12 June, 2020

SBI puts Anil Ambani in dock for guarantee given on loans to his firms

The country’s largest lender State Bank of India (SBI) has taken Anil Ambani to the bankruptcy tribunal for a personal ......

Facebook to buy minority stake in Reliance's Jio Platforms for $5.7 bn

TMT

22 April, 2020

Facebook to buy minority stake in Reliance's Jio Platforms for $5.7 bn

Facebook Inc. will invest Rs 43,574 crore ($5.7 billion) in the digital business of Reliance Industries Ltd, a deal that ......

Grapevine: Facebook eyes Jio stake; Future group puts insurance venture on block

General

25 March, 2020

Grapevine: Facebook eyes Jio stake; Future group puts insurance venture on block

Facebook is close to signing a multibillion-dollar deal for a 10% stake in heavily-indebted Reliance Jio, which boasts the acquisition ......

Creditors okay Mukesh Ambani, UV ARC's resolution plans for R-Com, subsidiaries

TMT

05 March, 2020

Creditors okay Mukesh Ambani, UV ARC's resolution plans for R-Com, subsidiaries

A creditor panel led by the State Bank of India has okayed the bankruptcy resolution plans of Mukesh Ambani-owned Reliance ......

Sensex, Nifty gain for the week

Markets

14 February, 2020

Sensex, Nifty gain for the week

Indian shares reversed early gains to end lower on Friday, dragged down by banks exposed to telecom operators who were ......

Grapevine: UV ARC, Jio top bidders for RCom assets; Advent, Kedaara eye Sequent

General

15 January, 2020

Grapevine: UV ARC, Jio top bidders for RCom assets; Advent, Kedaara eye Sequent

UV Asset Reconstruction Company Ltd has emerged as the highest bidder for Reliance Communications (RCom) and Reliance Telecom Ltd with ......

Reliance Jio set to buy majority stake in Times Internet-backed chatbot firm Haptik

TMT

29 March, 2019

Reliance Jio set to buy majority stake in Times Internet-backed chatbot firm Haptik

A unit of Reliance Industries Ltd is set to buy a majority stake in artificial intelligence-based conversational platform Haptik as ......

Reliance to pick up majority stakes in Grab, C-Square

TMT

04 March, 2019

Reliance to pick up majority stakes in Grab, C-Square

Mukesh Ambani-led Reliance Industries Limited (RIL) has agreed to acquire an 83% majority stake in Mumbai-based hyperlocal delivery platform Grab. In ......

Reliance may buy logistics startup Grab; SoftBank leads $60-mn investment in Grofers

General

28 February, 2019

Reliance may buy logistics startup Grab; SoftBank leads $60-mn investment in Grofers

In line with its plans to enter the e-commerce space, Mukesh Ambani-led Reliance Industries is in advanced talks to buy ......

Reliance Jio extends deadline to acquire Reliance Communications's assets

TMT

31 December, 2018

Reliance Jio extends deadline to acquire Reliance Communications's assets

Reliance Industries Ltd said on Monday that its subsidiary Reliance Jio Infocomm Ltd has extended the term of the definitive ......