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The Latest Breaking News from Reliance

SEBI takes NDTV to Supreme Court after tribunal reduces penalty for Roys

The Securities and Exchange Board of India has filed civil appeals before the Supreme Court against NDTV, its founder-promoters Prannoy Roy and Radhika Roy, and promoter-group vehicle RRPR.

Newslaundry

Ship captains held by Indonesian navy decry bribes and betrayal

Plagued by mosquitoes at night and marauding monkeys by day, ship captain Glenn Madoginog was held for months at an Indonesian naval base before ending up in a cramped prison cell, sleeping alongside convicted murderers and child rapists.

Reuters

Natural gas price to rise to record level this week

Prices of natural gas, which is used to generate electricity, make fertiliser and is converted into CNG to run automobiles, is likely to rise to record levels at the rate review scheduled this week, sources said. Read more on Dynamite News:

Dynamite News

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NDTV moves Supreme Court over SAT order ‘in its favour’

NDTV co-founders Radhika and Prannoy Roy have moved the Supreme Court for civil appeals against an order issued in July by the Securities Appellate Tribunal, or SAT.

Newslaundry

Reliance Retail seeks shareholders' nod for doubling borrowing limit to Rs 1 lakh crore

NEW DELHI: Reliance Retail Ltd has sought shareholders' approval for doubling its borrowing limit to Rs 1 lakh crore.

The Times of India

Why Is Anil Ambani's Reliance Power Up 40%?

Shares of Reliance Power (NSE: RPOWER) have been volatile after the Indian electric company secured a long-term debt agreement for up to 12 billion rupees ($150.4 million) from private equity firm Varde Partners, a US-based investment firm focused on distressed assets in India.

Benzinga

Reliance acquires soft drink brand Campa as part of expansion in FMCG space

NEW DELHI: Reliance Industries, which announced entry into the FMCG space earlier this week, has acquired the home-grown soft drink brand Campa from Delhi-based Pure Drinks Group, said sources.

The Times of India

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Reliance emerges as a winner after India’s wheat ban

Reliance had the paperwork it needed to export wheat and has quickly become the No 2 exporter since the ban.

Al Jazeera

Mukesh Ambani details succession plan: Retail to Isha, energy to Anant

NEW DELHI: Billionaire Mukesh Ambani on Monday laid bare the succession plan at India's most valuable company, identifying twins children Akash and Isha for telecom and retail leadership, and youngest son Anant for new energy unit.

The Times of India

What exactly does NDTV's loan agreement with Reliance-linked firm say?

Billionaire Gautam Adani is set to control at least 29 percent of NDTV for Rs 113 crore. The acquisition, announced last week, triggered an open offer for the Adani group to buy another 26 percent of the TV network for nearly Rs 490 crore – 16,762,530 shares at Rs 294…

Newslaundry

Reliance plans Rs 2.75 lakh crore investment; prepares for larger battle with Adani group

MUMBAI: Billionaire Mukesh Ambani on Monday announced a Rs 2.75 lakh crore investment plan to expand and diversify his $221 billion-empire by rolling out 5G services from October, adding capacity in the core oil and chemical business and taking on rival Gautam Adani with a foray into FMCG sector.

The Times of India

5G rollout by Diwali, Qualcomm partnership: Key points from Reliance Industries' AGM

NEW DELHI: Reliance Industries on Monday conducted its 45th annual general meeting (AGM). This is the 3rd time when RIL conducted its AGM virtually.

The Times of India

Reliance to enter FMCG business this year, partner 1 crore merchants in 5 years

NEW DELHI: The country's largest retailer Reliance Industries on Monday announced that it will enter the fast-moving consumer goods (FMCG) business this year as part of its expansion plan.

The Times of India

Reliance AGM 2022: Mukesh Ambani says daughter Isha is leader of retail business

Billionaire Mukesh Ambani on Monday introduced daughter Isha as leader of his conglomerate's retail business as he details succession planning at India's most valuable firm.

Dynamite News

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Reliance AGM 2022: Jio to launch 5G by Diwali, aims to cover entire country by 2023, Mukesh Ambani

Reliance chairman Mukesh Ambani made the announcement while addressing the shareholders at the Annual General Meeting via immersive and interactive metaverse technology. Read more on Dynamite News:

The Times of India

Reliance to stream AGM on virtual reality platform, five social media platforms

NEW DELHI: Reliance Industries will on Monday broadcast its annual shareholder meeting simultaneously on a virtual reality platform as well as on five social media platforms as it takes another leap in digitally connecting people for its AGM.

The Hindu

NDTV: the hostile takeover

Large conglomerates owning media units might crimp editorial independence

Newslaundry

How Adani is taking over NDTV without consulting the Roys

Through an indirect deal, the media arm of Adani Enterprises, led by Gautam Adani, the fourth richest person in the world, will acquire nearly 30 percent of NDTV’s shares over the next two days. The deal has kicked in an open offer, under which the Adani group is open to…

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The Times of India

Creditors file Rs 21,000 crore claim against Future Retail

MUMBAI: Financial creditors to Future Retail have put in claims for Rs 21,058 crore, while operational creditors have sought another Rs 265 crore. Besides these, there are employee dues of Rs 9.8 crore and Rs 1.1 crore claims from other creditors.

The Times of India

Mukesh Ambani looks to repeat telecom feat in new energy

NEW DELHI: Reliance Industries Ltd, whose offering of rock-bottom tariffs shook up the telecom industry, is looking to repeat the feat in the green energy business, where its billionaire chairman Mukesh Ambani sees promise to outshine all existing growth engines in 5-7 years.

The Times of India

LIC breaks into Fortune 500 list, Reliance jumps 51 places

NEW DELHI: Recently-listed Life Insurance Corporation (LIC) has broken into the latest Fortune Global 500 list, while Reliance Industries has jumped 51 places.

The Times of India

Asia’s richest men prep for battle as Gautam Adani enters Mukesh Ambani’s turf

MUMBAI: In June, Indian billionaire Mukesh Ambani and his aides ran into an unexpected dilemma when debating where to train the dealmaking lens of his empire next.

The Hindu

Reliance joins Indian Olympic Association as principal partner

The partnership has "an aspiration to host the Olympic Games in the future", the company said in a statement

The Hindu

Reliance expects gas price to rise in October, wants removal of ceiling prices

The government sets gas prices every six months based on international rates

The Times of India

Reliance to acquire franchise in South Africa's T20 cricket league

NEW DELHI: Expanding its international footprint in cricket, Reliance Industries Ltd on Wednesday said it will acquire a franchise in Cricket South Africa's upcoming T20 league.

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