On Thursday, Reliance Industries and Walt Disney concluded the $8.5 billion merger of their Indian media holdings, which were divided into three divisions, each with its own CEO. The firms announced three new divisions: entertainment, which includes Reliance’s Colours TV channels and Disney’s Star; digital, which includes online streaming services JioCinema and Hotstar; and sports. … Read more
India is set to resume crude oil imports from Venezuela after a hiatus of three years, following the easing of US sanctions on Caracas. Leading the resurgence is private sector giant Reliance Industries (RIL), which has booked three tankers scheduled to load oil from Venezuela in December and January, according to trade sources. India, particularly … Read more
Mukesh Ambani, India and Asia’s wealthiest individual, is set to make his mark in the Indian credit card market. Ambani’s conglomerate, Reliance, has partnered with one of India’s largest banks, the State Bank of India (SBI), to introduce co-branded credit cards on the Indian RuPay network. Reliance SBI Card: Exclusive Benefits Await Customers The new … Read more
Mukesh Ambani’s decision to appoint his youngest son, Anant Ambani, to the board of directors at Reliance Industries Limited (RIL) has faced criticism from two proxy advisors. These advisors have recommended that the shareholders reject Anant’s appointment to the board, citing concerns about his limited leadership and board experience. Institutional Shareholder Services Inc. (ISS), an … Read more
Mukesh Ambani’s Reliance Industries, known for its innovative partnerships in developing next-gen technologies, has joined forces with BharatBenz, a subsidiary of Daimler Truck AG and sister company of Mercedes-Benz, to unveil India’s first intercity luxury concept coach powered by Hydrogen Fuel Cell technology. With a market value of Rs 17.69 trillion, Reliance Industries is India’s … Read more
New Delhi: Reliance Industries Ltd will acquire German firm Metro AG’s wholesale operations in India for ₹ 2,850 crore as the conglomerate run by billionaire Mukesh Ambani seeks to strengthen its dominant position in India’s mammoth retail sector. “Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries Ltd, today signed definitive agreements to acquire … Read more