Reliance Industries Limited (RIL) announced its consolidated and standalone unaudited financial results for the quarter ending September 30, 2024, showing mixed performance across its diverse business segments. The company reported a consolidated revenue of ₹ 2.58 trillion ($30.8 billion), which remained stable year-on-year (YoY), with improved volumes in the Oil-to-Chemicals (O2C) business and increased revenue […]
Ratan Tata, the former chairman of Tata Sons and an iconic figure in Indian industry, was accorded a state funeral by the government of Maharashtra following his death on Wednesday at the age of 86. The state observed a day of mourning on October 10, 2024, to pay respects to the industrialist whose influence extended […]
In a dazzling display of opulence and tradition, Anant Ambani, son of Mukesh Ambani, and Radhika Merchant tied the knot in a grand ceremony at the Jio World Convention Centre. The event, held amidst much fanfare, was graced by an array of celebrities from Bollywood and beyond, making it one of the most talked-about weddings […]
Reliance Industries Q3 FY24 results : Indian conglommerate Reliance Industries Limited (RIL) has reported its consolidated results for the quarter ended December 31, 2023, showcasing significant growth across its diversified business portfolio. The group’s quarterly consolidated EBITDA reached ₹44,678 crore ($5.4 billion), marking a 16.7% increase year-over-year (YoY). This growth is attributed to the exceptional […]
Jio Platforms Limited, a subsidiary of Reliance Industries, plans to establish a state-of-the-art, cloud-based AI compute infrastructure in India, in collaboration with technology giant NVIDIA. The undisclosed deal aims to position India as a burgeoning force in the artificial intelligence (AI) domain. This new AI cloud infrastructure is designed to provide accelerated computing and secure, […]
Reliance Industries Limited has announced an investment of INR 75,000 crores ($9 billion) to develop its new energy manufacturing ecosystem. Revealed by Chairman Mukesh Ambani during the company’s 46th annual general meeting, this significant investment aims to accelerate giga-scale production in various areas of renewable energy and green mobility. Giga-Scale Production for 24/7 Power and […]
Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries Limited, revealed that the Qatar Investment Authority (QIA) will invest ₹8,278 crore into the company. This massive investment skyrockets Reliance Retail Ventures’ pre-money equity value to an astonishing ₹8.278 lakh crore. The QIA investment will lead to a minority equity stake of 0.99% in Reliance […]
Reliance Industries Limited (RIL) reported its financial results for the quarter ended June 30, 2023, revealing a mixed performance. Gross revenue dropped by 4.7% year-on-year (Y-o-Y) to ₹231,132 crore ($28.2 billion), primarily due to a 31% fall in crude oil prices leading to a sharp decline in Oil-to-Chemicals (O2C) revenues. This was partially mitigated by […]
Reliance Industries Limited (RIL) and bp have announced the initiation of production from the MJ field, marking the completion of their final deepwater development in the KG D6 block, located off India’s east coast. This significant milestone follows the successful start-up of the R-Cluster field in December 2020 and Satellite Cluster in April 2021, both […]
