Jio Platforms Limited, a flagship subsidiary of Reliance Industries Limited, unveiled its latest Jio prepaid plans offering bundled Netflix subscriptions. This landmark announcement extends the Netflix offering, previously available exclusively for select Jio Postpaid and Jio Fiber users, to Jio’s extensive base of over 400 million prepaid customers for the very first time. Highlighting the […]
Brookfield Asset Management and India’s largest private sector enterprise, Reliance Industries, have made a landmark agreement, signing a Memorandum of Understanding (MoU), aimed at bringing renewable energy and decarbonization equipment manufacturing to Australia. The partnership hopes to speed up and reduce risks associated with Australia’s energy transition by enabling the local production of clean energy […]
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 […]
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 […]
Reliance Industries Limited (RIL) has reported an 18.3% increase in its net profit for the quarter ended 31 March 2023 (4Q FY23) to INR 21,327 crores, compared to INR 18,021 crores in net profit for the same period in the previous fiscal year, as per a media release issued by the group. In 3Q FY23, […]
Reliance Industries said that its fully-owned subsidiary Reliance Polyester has wrapped up the previously announced INR 1,592 crores acquisition of the polyester businesses of Shubhalakshmi Polyesters Limited (SPL) and Shubhlaxmi Polytex Limited (SPTex). The deal was closed after the receipt of the required approvals. It was announced in September 2022. Through the acquisition, Reliance Polyester […]
Reliance Industries said that Reliance Jio Infocomm, a subsidiary of Jio Platforms, has launched its True 5G services in 27 towns and cities across 13 states/union territories in India. With the announcement, Jio becomes the first telecom provider to bring new-generation True 5G technology to most of these cities, laying the foundation for a brand […]
Reliance Industries Limited (RIL) has reported a 0.6% increase in its net profit for the quarter ended 31 December 2022 (3Q FY23) to INR 17,806 crores, compared to INR 17,703 crores in net profit for the same period in the previous fiscal year. The diluted earnings per share (EPS) of Reliance Industries Limited for the […]
Reliance Jio Infocomm, a subsidiary of Jio Platforms, has launched Jio True 5G services in six more cities in Tamil Nadu (TN), which include Coimbatore, Tiruchirappalli, Madurai, Hosur, Salem, and Vellore. The Reliance Industries company has taken the total number of Jio True 5G cities to 101 across India. Jio Platforms is said to have […]