The company board has also recommended Ambani children Isha, Akash and Anant to join as non-executive directors of the oil-to-tech conglomerate. Nita Ambani will step down.
Reliance is exploring use of a tapeworm drug, Niclosamide, as a cure for Covid & its diagnostic kits — R-Green & R-Green Pro — have been approved by ICMR.
In the company's latest report, Ambani said the company sold minority stakes in Jio Platforms & retail arm for almost Rs 2 lakh crore & raised Rs 53,124 crore through rights issue.
By seeking to stall Ambani’s purchase of Future, Bezos may be signalling he’d rather remain a rival. Or, he’s buying time to sweeten offer currently on table.
Reliance announced on 9 Sept that the California-based private equity firm with stakes in technology-related companies will pay the amount as part of the deal.
RIL is set to acquire the retail, wholesale, logistics and warehousing units of Future Group for Rs 24,710 crore as Ambani pushes ahead with his ambitions in the retail sector.
Rise of natural gas & electric vehicles will crimp diesel demand over longer-term, but coronavirus is adding to the pressure by cutting economic activity.
Reliance Industries accounted for 25% of Venezuela’s oil exports last year. It is the latest buyer to shun oil produced by the regime of Nicolas Maduro.
After securing a flurry of investments for Jio to make Reliance Industries net-debt free, Ambani's net worth jumped to $64.5 billion, making him the only Asian in the exclusive club.
The dynamics between Europe and Russia have gone so south that mending fences looks like an uphill task—even as the US swings between sanctions and olive branches.
Centre for Science and Environment in new report makes case for rationalising GST on waste material, saying most informal operators can’t afford high tax & it also hinders recycling.
For the first time, 2 Agniveers were awarded the Sena Medal for Operation Sindoor roles, among others. A 3rd Agniveer received a Mention in Despatches.
Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.
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