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.
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.
This is the game every nation is now learning to play. Some are finding new allies or seeing value among nations where they’d seen marginal interest. The starkest example is India & Europe.
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