News WrapGet Handpicked Stories from our editors directly to your mailbox


Reliance Jio Q1 Net rises 45.6% to Rs 891 crore

Reliance Jio posted EBITDA of Rs 4,686 crore, up 49 percent year-on-year and an EBITDA margin of 40 percent, the company said in a statement. Jio made with gross subscriber additions of 33.8 million in the quarter, it added.

Jul 19, 2019, 18:59 PM IST

Reliance Industries Q1 Net rises 6.8% to Rs 10,104 crore

In FY 2019-20 Reliance posted record quarterly consolidated revenue of Rs 172,956, up 22.1 percent year-on-year, the company said in a statement.

Jul 19, 2019, 18:34 PM IST

Reliance raises $1.85 bn in long-term loan

The fund raising comes amid reports of the company planning to infuse as much as Rs 20,000 crore into its telecom unit, Jio, to bolster broadband and e-commerce play ahead of a potential entry into 5G mobile telephony services in future.

Jun 25, 2019, 15:07 PM IST

Reliance, BP to develop deepest gas find in KG-D6 by 2022

Reliance-BP will develop the MJ, or D-55, gas find in sync with the previously approved projects to the develop two sets of discoveries in the block that will together add 30-35 million standard cubic metres per day of natural gas production in phases.

Jun 12, 2019, 12:01 PM IST

Reliance to shut crude unit at Jamnagar refinery

Reliance owns and operates two refineries at Jamnagar in Gujarat - a 33 million tonne a year DTA refinery that caters to local fuel demand and a 35.2 million tonnes only-for-export unit.

Jun 11, 2019, 10:26 AM IST

RIL’s R|Elan ‘Fashion For Earth’ celebrates World Environment Day with EarthTee2

Reliance Industries, the owner of brand R|Elan, is one of the largest recycler of PET bottles in India, recycling 2.2 billion PET bottles a year.

Jun 05, 2019, 17:08 PM IST

Reliance topples IOC to become the biggest Indian company

Reliance in the 2018-19 fiscal year that ended March 31, reported a turnover of Rs 6.23 lakh crore.

May 21, 2019, 14:35 PM IST

Nine of top-10 cos lose whopping Rs 1.60 lakh cr in m-cap; RIL worst hit

Tata Consultancy Services (TCS) was the lone gainer among the 10 frontline companies, while the rest nine saw their market capitalisation (m-cap) plummet for the week ended Friday.

May 13, 2019, 11:30 AM IST

TCS reclaims most valued firm status; pushes RIL to 2nd rank

RIL and TCS have in the past also competed with each other for the number one position in terms of market capitalisation.

May 10, 2019, 12:22 PM IST

RIL to acquire British toy-maker Hamleys for Rs 620 crore

Hamleys, a 259-year-old toy-maker, has struggled to generate profits in recent times. It reported a profit after tax of 2.44 million pounds in 2018 after suffering a loss of 11.24 million pounds in 2017.

May 10, 2019, 09:51 AM IST

Reliance Q4 Net rises 9.8% to Rs 10,362 crore

Reliance Industries Limited's full year consolidated net profit rose 13.1 percent year on year Rs 39,588 crore.

Apr 18, 2019, 18:38 PM IST

Reliance Jio net profit jumps 65% to Rs 831 cr in December quarter

The company had recorded a net profit of Rs 681 crore in the corresponding period a year ago.

Jan 17, 2019, 19:06 PM IST

RIL Q3 Net rises 8.8% to Rs 10,251 crore

RIL is the first Indian private company to post Rs 10,000 crore profit in a quarter.

Jan 17, 2019, 18:38 PM IST

Mukesh Ambani features in Foreign Policy magazine's 2019 list of top '100 Global Thinkers'

Mukesh Ambani displaced China's Jack Ma in 2018 as Asia`s richest man.

Jan 15, 2019, 22:09 PM IST

Reliance Industries to buy controlling stake in Hathway Cable and DEN networks

The transactions are subject to customary regulatory and other approvals.

Oct 19, 2018, 12:22 PM IST

Reliance Industries invests in personal transport systems developer Skytran Inc

SkyTran is a US-based company that is developing technologies for personal rapid transport pods.

Oct 17, 2018, 21:47 PM IST

Reliance Industries Limited posts its highest ever quarterly net profit

Reliance Industries Limited on Wednesday reported a quarterly net profit of Rs 9,516 crore as it released it Q2 results. The RIL reported a 17.4 per cent year-on-year rise for the July-September period.

Oct 17, 2018, 19:58 PM IST

RIL pips TCS once again to become India's most valued firm

Over the last few days RIL and TCS are competing with each other to claim the number one position in terms of market capitalisation.

Aug 20, 2018, 18:38 PM IST

Reliance Jio sees 20% growth in Q1 net profit at Rs 612 crore

Telecom major Reliance Jio on Friday reported a 19.9 percent growth in net profit at Rs 612 crore for April-June 2018 over the previous quarter, and said its strong first quarter performance is "despite competitive intensity".

Jul 27, 2018, 20:07 PM IST

Mukesh Ambani reappointed Reliance Chairman for 5 more years

Ambani has been on the board of Reliance Industries Ltd (RIL) since 1977 and was elevated as Chairman of the company after the death of his father and group patriarch Dhirubhai Ambani in July 2002.

Jul 07, 2018, 14:50 PM IST