| Reliance Industries Limited (RIL) Related news |
Mukesh Ambani’s Reliance Industries to invest Rs 10,000 crore in West Bengal
Posted on 8th February 2019 |
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Reliance Industries (RIL) chairman Mukesh Ambani on Thursday said that West Bengal should go for a digital drive to lead the fourth industrial revolution with Reliance Jio already making one tenth of its total investment in the state in the digital space. Speaking at the 5th edition of the Bengal Global Business Summit(BGBS), Ambani said Reliance Jio’s investment stands at Rs 28,000 crore in the state, one tenth of the total investment it has so far done in the digital space. |
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Amazon vs Reliance: Jeff Bezos losing out to Mukesh Ambani as e-comm rules change
Posted on 6th February 2019 |
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Amazon.com and Walmart’s plans to dominate India’s online retail landscape have been ambushed by Prime Minister Narendra Modi’s political priorities heading into a tightening election. The vote, likely to be held in or around May, has increased the influence of local retailers that lobbied for growth-crimping curbs on the US giants. On cue, India this month rolled out constraints on foreign e-commerce players, including Jeff Bezos-led Amazon and Walmart-owned Flipkart, which together control 70% of its online shopping. |
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RIL's debt path seen tied to Reliance Jio, e-commerce plans
Posted on 24th January 2019 |
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Reliance Industries Ltd.s plan to strengthen its balance sheet will hinge on future capital spending as credit market participants zero in on whether the company will be able to slow those outlays over the next year. The conglomerate has invested about $64 billion across telecom and retail as well as petrochemicals and oil refining expansions, Joint CFO V. Srikanth said during last weeks earnings briefing. |
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RIL refining margin may stay depressed as demand wanes
Posted on 23rd January 2019 |
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MUMBAI: Refining business that has traditionally done the heavy-lifting at Reliance Industries Ltd (RIL) is catching its breath, thanks to weak global demand and higher exports by the US and China. Until new shipping norms mandating higher-quality fuel take effect next year, conditions are not expected to improve much either. |
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Bezos vs Ambani is the bout that had to happen
Posted on 22nd January 2019 |
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The battle for the Indian consumer was never going to be an all-American affair. Walmart Inc.’s splashy acquisition last year of Flipkart Online Services Pvt., the homegrown e-tailer giving Amazon.com Inc. a solid run for its money, might have given the impression of a two-horse race. But as I argued (here and here), billionaire Mukesh Ambani wasn’t going to watch from the sidelines. |
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Reliance asks partner Niko to exit KG-D6 over payment default
Posted on 21st January 2019 |
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Reliance Industries has asked its partner Niko Resources to withdraw from eastern offshore KG-D6 gas block over default in payments for field development cost, but the Canadian firm has sought to stall the move by invoking arbitration, the companies said. Niko, which defaulted on payment of loans to its lenders, |
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RIL to take on Amazon, Flipkart; Mukesh Ambani bats for data localisation
Posted on 19th January 2019 |
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Reliance Industries (RIL) is ready to unleash its e-commerce dark horse to take on the likes of Amazon India and Walmart-owned Flipkart. Chairman and Managing Director Mukesh Ambani on Friday said Reliance Retail and Reliance Jio Infocomm were set to jointly launch their new e-commerce platform in the country. |
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Reliance Industries gains 5% in three days ahead of Q3 results
Posted on 17th January 2019 |
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Shares of Reliance Industries (RIL) were trading higher for the third straight trading session, gaining 1.2 per cent to Rs 1,148 apiece on the BSE on Thursday in an otherwise range-bound market ahead of its December quarter (Q3FY19) result today. In the past three trading sessions, RIL has risen 5 per cent, as compared to 1.3 per cent rise in the S&P BSE Sensex. |
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Mukesh Ambani’s latest feat: Jio propels RIL boss in list of top 100 global thinkers
Posted on 16th January 2019 |
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Asia’s richest man and Reliance Industries’ Chairman Mukesh Ambani has as featured in Foreign Policy magazine’s 2019 annual list of the top ‘100 Global Thinkers,’ on the back of a ‘smartphone revolution’ brought about by his telecom venture Reliance Jio. “With a fortune of $44.3 billion, Mukesh Ambani displaced Jack Ma in 2018 as Asia’s richest man. Ambani’s fortune comes from his holdings in the oil, gas, and retail sectors, but he’s likely to make his biggest impact on India through his new telecom venture Jio,” Foreign Policy magazine said. |
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