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Wednesday, July 30, 2025
TopicReliance Industries

Topic: Reliance Industries

SubscriberWrites: What was behind 42k jobs cut at Reliance Industries

The number of employees at the conglomerate's telecom division, Reliance Jio, decreased as well, from 95,326 in FY23 to 90,067 in FY24.

Disney, Reliance have signed binding media pact to merge operations in India, reports Bloomberg

The media unit of Reliance, controlled by Mukesh Ambani, and its affiliates are expected to own at least 61% of the merged entity, with Disney holding the rest, the report said.

‘India will surely become 35 trillion-dollar economy by 2047’ — Mukesh Ambani at Gujarat summit

Terming Vibrant Gujarat Global Summit 2024 'most prestigious investor summit', Reliance Industries's chief promised support to the state's development through investments in the next 10 years.

Mukesh Ambani’s 3 children to join Reliance Industries board as ‘non-executive directors’

At RIL's 46th annual general meeting in August, Chairman Mukesh Ambani had shared succession plan for Isha, Akash and Anant Ambani, saying they would take up significant roles the firm.

Gucci, Cartier, Louis Vuitton to expand with new outlets in Reliance’s luxury Mumbai mall

Lease documents provided by CRE Matrix showed that Burberry Group as well as several brands owned by LVMH, Kering & Richemont have agreed to rent shops in the mall.

US chipmaker Nvidia, Reliance strike AI partnership for apps, language models

Nvidia will provide computing power for the project, while Reliance will develop AI apps, including a local language app for farmers to access weather info and crop prices.

Reliance signs agreement with Brookfield for renewable energy push in Australia

Brookfield Asset Management said in March it will invest A$20 billion and A$30 billion over the next ten years in Australia along with it partners in renewable energy projects.

Telecom operators take a hit after Jio unveils 4G smartphone worth Rs 999

With this move, the company plans to tap into the rural market to reach the roughly 250 million 2G users who are yet to migrate to smartphones.

Reliance likely to raise up to $2 billion to fund expansion, says Bloomberg News

The group is reportedly in talks with Bank of America, Citigroup and Standard Chartered among others for loan to fund the expansion of its oil-to-telecom conglomerate.

Reliance Jio aims to repeat its phone success with Rs 15,000 laptop, report says

The laptop, to be called JioBook, will be embedded with a 4G sim card and will be available to customers such as schools and govt institutes from this month, sources said.

On Camera

Meghnad Desai was a man of many passions. Marxian economics, politics to Bollywood

Meghnad’s interest went much beyond economics and politics. This is reflected in his writing, particularly after his retirement as a full-time LSE professor in 2003.

Govt’s earlier FDI limit of 74% in insurance sector has remained underutilised, Parliament told

In the latest budget, the FDI limit was increased to 100 percent, but most foreign companies are not buying such large stakes in the Indian insurance sector.

India to get last of Spain-built C-295 next month, focus now on 1st India-made aircraft

New Delhi: The last of the C-295 transport aircraft that is replacing the ageing Avro fleet of the Indian Air Force (IAF) will be...

Modi’s Bharat vs Indira’s India: 11-yr report card of politics, diplomacy, economy, nationalism

As Narendra Modi becomes India’s second-longest consecutively serving Prime Minister, we look at how he compares with Indira Gandhi across four key dimensions.