Reliance Industries

Reliance Jio emerges highest bidder for Reliance Infratel

15 Jan 2020

Bharti Airtel, which submitted bids for the Anil Ambani-led Reliance Communications, Reliance Infratel, and Reliance Telecom, failed to secure any of them while UVARCL has emerged top contender for Reliance Communications and Reliance Telecom

RIL launches its e-commerce venture My Jio Mart

31 Dec 2019

RIL’s online retail venture is backed by around 50,000 local grocers across the country and Reliance’s own retail arm Reliance Retail that operates 10,091 stores spanning nearly 7,000 towns in the country

Reliance Jio adds most subscribers in October despite voice call charges

31 Dec 2019

Reliance and BP announce fuel retail joint venture, Jio-BP

17 Dec 2019

As per the agreement, BP will invest Rs7,000 crore for a 49 per cent stake in the joint venture, which will assume ownership of RIL’s existing Indian fuel retail network and access its aviation fuel business to create 5,500 retail sites over five years

RIL, Adnoc team up for ethylene dichloride project in Ruwais

11 Dec 2019

Under the terms of the agreement, Adnoc and RIL will create a facility to manufacture ethylene dichloride, a basic building-block for the manufacture of polyvinyl chloride, adjacent to Adnoc’s integrated refining and petrochemical site in Ruwais

Mukesh Ambani in talks to sell media assets to Times Group: Bloomberg

28 Nov 2019

RIL, which saw its media arm Network18 report a loss of Rs178 crore in the year ended March 2019 and a net debt of Rs2,800 crore, is weighing various options, ranging from an outright exit to a stake sale

RIL on the cusp of a digital makeover

29 Oct 2019

Mukesh Ambani had, during the launch of Jio, said “data is the new oil,” in a sign that the conglomerate is shifting focus from oil to data and digital services business, as a prelude to building an online platform like Amazon and Walmart