Monday, 24 January, 2022
TopicReliance Industries Ltd

Topic: Reliance Industries Ltd

Mukesh Ambani’s RIL is working to produce new Covid drug, cheaper testing kits

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.

Reliance’s balance sheet can now help growth of Jio, Retail & Oil-to-Chemicals: Mukesh Ambani

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.

Why the Mukesh Ambani vs Jeff Bezos fight could be more of a waiting game

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 Retail gets $1 billion from Silver Lake for 1.75% stake

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.

With Future in his bag, Mukesh Ambani draws battle lines between Reliance, Amazon & Flipkart

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.

Jugaad and Covid pose new threats to India’s diesel consumption

Rise of natural gas & electric vehicles will crimp diesel demand over longer-term, but coronavirus is adding to the pressure by cutting economic activity.

With Reliance halting imports, Venezuela’s oil crisis just got worse

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.

Mukesh Ambani, Asia’s wealthiest man, joins club of world’s 10 richest

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.

After luring $10 billion of investment, Mukesh Ambani plans foreign IPO for Jio Platforms

Reliance is preparing Jio Platforms for an IPO outside India and the offering could happen in the next 12 to 24 months.

Reliance cuts salaries, Mukesh Ambani won’t get any pay this year

Loss of demand for refined oil products and plastics has put pressure on the hydrocarbons business forcing Reliance to reduce costs.

On Camera

YourTurn

Liberals mourning India Gate flame must also recall some dark aspects of the colonial Army

The moving of the flame seems, to some, as part of an ongoing extinguishing of the Indian Army’s heritage of secularism, decency and righteousness.

South-East Asia’s SMEs are underperforming. Their ‘digital revolution’ depends on fintech

Digitisation of South-East Asia's economy during the pandemic is uneven. The growth in digital services has favoured individual consumers, not SMEs.

Defence

File photo of Scorpene-class submarine 'INS Vela', at the Naval Dockyard in Mumbai | ANI

Kamov choppers, submarine torpedoes among deals defence ministry will review this week

Ministry is reviewing all procurement under the ‘Buy (Global)’ category, under which equipment is bought directly from foreign manufacturers, amid govt's 'Atmanirbhar' push.

Modi vs non-BJP CMs: When most popular isn’t all-powerful & why Centre-state ties will worsen

Modi’s inability to win many states, and the huge popularity his rivals enjoy there, is pushing Indian politics in a more robustly federal direction.
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