Reliance Industries Limited (RIL) has reported a 20.2% increase in its net profit for the quarter ended 31 March 2022 (4Q FY22) to INR 18,021 crores ($2.4 billion), compared to INR 14,995 crores ($1.95 billion) in net profit for the same period in the previous fiscal year. In the previous quarter, that is 3Q FY22, […]
Reliance Industries Limited (RIL) has reported a 37.9% increase in its net profit for the quarter ended 31 December 2021 (3Q FY22) to INR 20,539 crores, compared to INR 14,894 crores in net profit for the same period in the previous fiscal year. In the previous quarter, that is 2Q FY22, the Mukesh Ambani-led group […]
Reliance Industries Limited (RIL) has reported a 46% increase in its profit after tax for the quarter ended 30 September 2021 (2Q FY22) to INR 15,479 crores ($2.1 billion), compared to INR 10,602 crores ($1.41 billion) in net profit for the same period in the previous fiscal year. The earnings per share (EPS) of the […]
Reliance Industries Limited has reported a 66.7% increase in its profit after tax for the quarter ended 30 June 2021 (1Q FY22) to INR 13,806 crores ($1.9 billion), compared to INR 8,282 crores ($1.11 billion) in net profit for the same period in the previous fiscal year. The Indian conglomerate earned revenue of INR 158,862 […]
Reliance Retail Ventures (RRVL) has agreed to acquire a controlling stake of 66.95% in Just Dial, an Indian local search engine platform, for INR 3,497 crores ($470 million). The Reliance Industries subsidiary said that first, it will make an open offer to purchase up to 2.12 crore equity shares, equivalent to 25.33%, in Just Dial […]
Reliance Industries Limited said that its subsidiary – Reliance Jio Infocomm (Jio) has entered into a collaboration with Google Cloud on 5G technology to enable Indians to access superior connectivity. In this connection, Google Cloud will offer a fully end-to-end cloud offering for 100% automated lifecycle management of Jio’s 5G network and services. According to […]
Indian basmati rice exporter GRM Overseas said that its subsidiary GRM Foodkraft has signed a memorandum of understanding (MOU) with Reliance Retail (JioMart) to place its products in Reliance stores. The products of GRM Foodkraft will be available under B2B category across 45 distribution centers of Reliance Retail (JioMart) in India. GRM Overseas said that […]
The Securities and Exchange Board of India (SEBI) has approved the previously announced INR 247.13 billion ($3.39 billion) acquisition of Big Bazaar and other businesses of Future Group by Reliance Retail Ventures (RRVL), a subsidiary of Mukesh Ambani’s Reliance Industries. In its letter of approval, SEBI imposed various conditions in compliance with the Composite Scheme […]
Reliance Industries has secured equity investments totaling INR172.75 billion ($2.36 billion) for its retail holding subsidiary Reliance Retail Ventures Limited (RRVL) through multiple deals. On Sunday, the Indian conglomerate owned by Mukesh Ambani struck a deal worth INR 18.37 billion ($250 million) with global investment firm TPG in exchange for a 0.41% stake in Reliance […]