Reliance Industries Ltd News

Future Retail suspends supermarket operations as Reliance plans takeover

Future Retail suspends supermarket operations as Reliance plans takeover

New Delhi: Future Retail Ltd, India’s second-largest retailer, suspended most of its online and offline operations as stores remained shut on Sunday,February 27, after rival Reliance bid to take over its flagship supermarkets for missed lease payments. Reliance Industries Ltd will rebrand the Future stores after the company failed to

5 of top-10 companies add over Rs 1 lakh cr in m-cap; TCS, RIL lead gainers

5 of top-10 companies add over Rs 1 lakh cr in m-cap; TCS, RIL lead gainers

The market capitalisation (m-cap) of five of the top-10 most valued companies soared to Rs 1,01,145.09 crore last week. Reliance Industries Ltd. (RIL), and Tata Consultancy Services (TCS) emerged as top gainers. While Reliance Industries Limited, Tata Consultancy Services, Infosys, Hindustan Unilever Limited and Wipro were the gainers, HDFC Bank,

Reliance gets NCLT approval to withdraw plan to demerge O2C business

Reliance gets NCLT approval to withdraw plan to demerge O2C business

Reliance Industries Ltd on Friday said it has received nod from the National Company Law Tribunal (NCLT), Mumbai to withdraw its application for segregating the oil-to-chemical (O2C) business from the company. With this, RIL’s earlier plan to rope in global oil giant Saudi Aramco as a stakeholder in the new

Mukesh Ambani’s RIL, partner looking to buy bankrupt textile company Sintex

Mukesh Ambani’s RIL, partner looking to buy bankrupt textile company Sintex

Mukesh Ambani’s Reliance Industries Ltd., along with a partner, are among those bidding to take over bankrupt Indian textile firm Sintex Industries Ltd., according to a stock-exchange filing, as the billionaire attempts to diversify from an oil empire and into telecommunications, green energy and fashion. Reliance is partnering with Assets

RIL nears investment in Google-backed Glance  InMobi: Report

RIL nears investment in Google-backed Glance  InMobi: Report

Mumbai: Reliance Industries Ltd. is in talks to buy a stake in Indian mobile content provider Glance InMobi Pte, according to people familiar with the matter. The conglomerate is considering investing about $300 million in the unicorn backed by Alphabet Inc.’s Google, the people said, asking not to be identified