Wednesday, 28 September, 2022
TopicReliance Industries

Topic: Reliance Industries

How Mukesh Ambani will split his empire to avoid father’s ‘folly’

Ambani this week put in motion his own succession plan -- eldest Akash to helm Jio, twin Isha expected to head retail while youngest Anant to preside over oil-to-chemicals business.

SEBI imposes Rs 30 lakh fine on RIL for not promptly disclosing Facebook-Jio deal

The market regulator initiated proceedings against billionaire Mukesh Ambani’s oil-to-retail conglomerate and its compliance officers, Savithri Parekh and K. Sethuraman.

Reliance is stepping in to supply diesel-starved Europe as Ukraine war boosts Jamnagar facility

RIL’s Jamnagar facility is lifting crude processing & deferring planned maintenance to take advantage of surging diesel demand. It’s already sending shipments to Europe.

Reliance’s profit surpasses estimates on back of festive season retail surge, shale sale in US

Launch of affordable 4G JioPhone & hike in mobile tariffs pushed profits during Oct-Dec 2021 quarter. Revenue from refining operations also improved with revived fuel demand.

Reliance exits shale gas business in North America

Reliance will sell its assets to a company backed by private-equity firm Warburg Pincus, ending its decade-long venture.

Zee’s biggest shareholder Invesco explores deal with Reliance to revive television network

The move by Invesco comes amid a bitter battle between share-holding firm and Zee CEO Punit Goenka, with the former trying to oust the latter.

Reliance boots green energy push with two more deals with German & Danish companies

The acquisitions are part of a string of deals Ambani has announced as he pledges to invest $10 bn in alternative energy over 3 yrs, putting him squarely in competition with Adani Group.

SC to hear Amazon plea against Delhi HC verdict in Future-Reliance deal on 20 July

Advocate Harish Salve, representing Future group, informed that a Singapore tribunal will commence hearing from 12 July and requested the proceedings be adjourned for a week.

It’s here — an ultra-affordable 4G smartphone ‘built for India’ by Google & Jio

JioPhone Next will run a re-engineered version of Android operating system & deliver translation features, a voice assistant & a great camera, Sundar Pichai said.

Mukesh Ambani says there is ‘no option’ but to make businesses green

The pivot towards a greener, cleaner version of itself won’t be an easy one for Reliance industries, which got about 60% of revenue from its hydrocarbon-fueled energy operations in FY20-21.

On Camera

YourTurn

The logo of the Adani Group is seen on the facade of one of its buildings on the outskirts of Ahmedabad | Reuters file photo

From ports to energy transition — Adani Group to invest over $100 billion in next decade

Speaking at Forbes Global CEO Conference in Singapore, Adani said the group intends to do more as a solar player & has earmarked 70% of the investment for the energy transition space.

Defence

Parts of Iranian made 'suicide' drone Shahed-136 after being shot down by the Ukrainian military | Reuters

All about Shahed-136, Iran’s ‘kamikaze’ drone that Russia is using to strike Ukraine

Over the past few days, Russia has hit multiple targets using these Iranian-supplied drones—including civilian structures and amenities—leading to the death of several Ukrainians.
Illustration by Soham Sen | ThePrint

AAP’s filling a big vacuum in Indian politics. Question is how long it can sustain without ideology

If you find admiration for AAP qualified, if not muted among many of the Modi-BJP’s critics, it is because they question it for its lack of ideological clarity. Especially on secularism.
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