Wednesday, October 27, 2021

Reliance

Big win for Amazon as SC puts Reliance deal with Future on hold

A bench of Justices R F Nariman dealt with the larger question and held that an award of an EA of a foreign country is enforceable under the Indian Arbitration and Conciliation Act despite the fact that the term EA is not used in arbitration laws here.

Reliance slips 59 places on Fortune list

Reliance took a beating on the rankings as revenues dropped owing to the COVID-19 pandemic. This is its lowest ranking since 2017.

Supreme Court reserves verdict in Amazon-Future-Reliance case

A Bench headed by Justice Rohinton F Nariman after hearing arguments of all parties in the case reserved its verdict.

Reliance’s O2C, new energy biz may be valued over USD 100 bn: Report

At the company's AGM of shareholders last month, Ambani announced a plan to invest Rs 75,000 crore in a new energy business over the next 3 years in the next stage in its transformation.

Reliance to conclude Aramco deal this year; Aramco rep on co board

Mukesh Ambani told shareholders that RIL is expected to sell 20 per cent stake in its oil-to-chemical unit to Saudi Aramco

‘JioPhone Next’ to be most affordable smartphone: Mukesh Ambani

The "extremely affordable" smartphone will have cutting-edge features, including voice assistant and language translation, among others, he said.

Reliance Group market capitalization surges to Rs 8,000 cr

The Reliance Group has the largest family of retail shareholders in India, with around 33 lakh retail shareholders in Reliance Power, 9 lakh in Reliance Infrastructure and 8 lakh in Reliance Capital.

Reliance Infra board approves preferential issue

The funds raised would be utilised for long term resources, for general corporate purposes, fund future growth, and also to reduce debt.

Reliance-BP ‘bubble’ delivers two deep water gas fields

Since 2017, Reliance Industries Ltd along with its JV Partner bp had embarked on concurrent development of three deep water fields in the Krishna Godavari basin block.

Reliance Retail second fastest growing retailer in world

The list is topped by US giant Walmart Inc, which retains its position as world's top retailer.

Reliance Power posts Rs 73 crore profit in March quarter

Total expenses including fuel and finance costs came down to Rs 1,648 crore from Rs 2,334 crore in Q4 FY20.

Jio Platforms figures in TIME100 most influential companies

The TIME100 most influential companies list says that over the past few years, Reliance Industries has built India's largest 4G network.

Ambani buys Britain’s iconic country club Stoke Park for 57 million pounds

The UK-based firm, which owns a hotel and golf course in Buckinghamshire, UK, will add to Reliance's consumer and hospitality assets, the firm said in a filing late on Thursday.

Reliance-Aramco deal likely if crude oil averages $65

The deal was to conclude by March 2020 but has been delayed for reasons not disclosed by either company.

Reliance to cover COVID-19 vaccination costs for employees, families

The vaccination drive will cover all employees of the company's oil and chemical division, retail unit and telecom venture Jio, their associates, and their registered dependents.

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