Tuesday, 17 May, 2022
TopicReliance Industries

Topic: Reliance Industries

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.

Reliance gets former Biden aide Ankit Desai to lobby for lifting Venezuelan oil import ban

Ankit Desai will work as a subcontractor to law firm Eversheds Sutherland US LLC, which represents Reliance in matters related to Venezuelan sanctions imposed during the Trump admin.

This is how Reliance, Maruti and others are gearing up to vaccinate workforce from 1 May

For many manufacturing firms in India, Modi govt's decision to open up vaccinations for all & allow private sector to directly purchase vaccines was a long pending demand.

On Camera

YourTurn

File photo of the Gyanvapi Mosque | Photo: Commons

Should Indian Muslims cling on to a non-mosque? Gyanvapi is a living monument of past wrongs

The Places of Worship Act is a generous law. Indian Muslims can best reciprocate this generosity by adhering to the Quranic morality in Gyanvapi Masjid's case.

Bad timing could hamper LIC IPO

Most early public enterprise IPOs have been trading 75% below their original price, small investors concerned.

Defence

Representational image of army personnel in Ladakh | ANI

India ‘doesn’t foresee’ border fighting with China, but ‘won’t back down’ if tensions reignite

Aim is to ensure not just disengagement of troops, but overall de-escalation. Govt in favour of solving tensions through talks as it wants peace with all neighbours including China.

How Congress is like the Ambassador & why Indian politics needs a brand new set of wheels

Like the car, nothing the party has done to reinvent itself has worked. Only way forward is to offer something looking towards the future, not in image of glorious past.
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