In a monumental development, Reliance Industries Limited and The Walt Disney Company have finalized an $8.5 billion merger of their Indian media assets, setting a new benchmark in the nation’s entertainment industry. This merger, which combines Reliance’s Viacom18 Media Private Limited with Disney’s Star India, has created a media giant that will reshape the way […]
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 […]
Reliance Industrial Infrastructure Limited (RIIL) has announced its financial results for the quarter ending September 30, 2024 (Q2 FY 24-25), reporting a dip in income compared to the previous year. The company’s consolidated income stood at ₹ 1,836.57 lakh, down 12% from ₹ 2,084.72 lakh in Q2 of the fiscal year 2023-24. The reduction in […]
The Indian tribunal has approved an $8.5 billion merger between Reliance Industries Limited and Walt Disney Co.’s Indian media assets, setting the stage for a seismic shift in India’s entertainment industry. The merger, announced in February 2024, brings together Reliance, Viacom18 Media Private Limited, and Disney to form a joint venture, creating an unprecedented media […]
Reliance Industries Limited (RIL), a leader in multiple sectors including telecommunications, retail, and energy, announced a significant year of growth and strategic acquisitions. For the fiscal year ended March 31, 2024, Reliance Industries reported a record annual consolidated revenue of ₹1,000,122 crore ($119.9 billion), marking a 2.6% increase year-over-year. The company’s EBITDA rose by 16.1% […]
Global investment firm KKR will invest ₹2,069.50 crore in Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries Limited. The investment elevates RRVL’s pre-money equity value to ₹8.361 lakh crore, ranking it among India’s top four companies by equity value. KKR’s Follow-On Investment and Equity Stake The additional investment will result in a 0.25% […]
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) has announced plans to invest alongside Brookfield Infrastructure and Digital Realty in the development of data centers in India. The Indian conglomerate will acquire a 33.33% stake in each of the Indian Special Purpose Vehicles (SPVs) for the project, making Reliance Industries Limited an equal partner. Digital Realty Trust, the world’s […]
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 […]