Topic: Reliance
Rs 4,000 smartphone running on Reliance Jio — How Ambani plans to dominate telecom market
Reliance is apparently in talks with domestic assemblers to make a version of its Jio phone that will run on Google’s Android and be offered with low cost wireless plans from Jio.
Too much reliance on Reliance – the not-so-healthy secret of India’s stock market rally
Reliance Industries has seen its market value nearly double to more than $200 billion this year after a major push into digital and e-commerce ventures.
Demand for Reliance Retail stake is so high Mukesh Ambani is putting investors on wait-list
Carlyle & SoftBank have expressed interest in investing in Reliance Retail but have been asked to wait as Reliance is already in talks with other investors.
Big Tech’s India plans can’t seem to bypass Mukesh Ambani
Silicon Valley’s ambitions in India represent a threat to Ambani’s ability to achieve dominance in his home market, but winning their cooperation, could help him achieve it faster.
Anil Ambani’s two finance firms to undergo asset sale, bank consortium set to proceed
Value erosion of Anil Ambani's two finance companies due to debt default has made asset sale only viable alternative, say bankers. RBI disagreeable to resolution under IBC.
Reliance Retail buys majority stake in Netmeds for Rs 620 crore
The investment represents 60 per cent holding in the equity share capital of Netmeds' parent company, Vitalic Health and 100 percent direct equity ownership of its subsidiaries.
Saudi Aramco remains interested in investing $15 billion in Reliance Industries
A deal with Reliance would help Saudi Aramco, the world’s biggest crude exporter, join the ranks of the top oil refiners and chemical makers.
Mukesh Ambani is now world’s fourth richest man, overtakes Europe’s wealthiest
Reliance's shares have more than doubled from a low in March as its digital unit got billions in investments from companies including Facebook Inc. and Google.
Mukesh Ambani’s online cult is growing. Everyone loves a desi, patriotic, sanskari billionaire
Mukesh Ambani is not just inking deals with FB and Google in 2020, he is also seeing a massive fan base grow on Instagram. From Antilia to khandaani pujas, fans can’t get enough.
Mukesh Ambani is getting richer & richer. He’s now in world’s top 5 with $77 billion
Mukesh Ambani cracked the group of 10 richest people just last month. Two weeks ago, he surpassed Warren Buffett, now ranked No. 7.
Why shrinking offices and hot-desking are bad ideas, Covid or no Covid
Employees’ demands for flexible working will include spacious offices. Given the relative savings, slashing floor space is a false economy.
Diesel demand drop forces India to import gasoline as Covid skews output
The slump in diesel demand is forcing refineries to operate below capacity, but gasoline sales are back at pre-virus levels with people resorting to personal vehicles.
Defence
Army says ‘poor quality’ Ordnance Board ammo, mines have cost India Rs 960 crore since 2014
Pointing out these shortcomings in an internal assessment, the Army has thrown its weight behind government plans to corporatise the OFB to make it more efficient.
Partners dispensable in Modi-Shah construct if they do not bring additional votes
In the Modi-Shah construct, if partners do not bring additional votes, they are dispensable. However old or loyal, either they become supplicants, or die.