Mumbai: With a week to go before the exclusivity period deadline for bilateral negotiations comes to an end on February 17, Walt Disney Co and Reliance Industries (RIL) are in the last leg of negotiations to finalise their mega stock-and-cash merger to create India’s largest media and entertainment business, said people in the know. Under … Read more
For Dalal Street, the year 2023 was like one of filmmaker Karan Johar’s movies, filled with multi stars and bundles of emotions. Try rearranging the words in one of his famous movie titles “Kabhi Khushi Kabhi Gham” and that’s how the mood on Dalal Street was in 2023. The year started on a negative note … Read more
Mukesh Ambani-owned Jio Financial Services has submitted an application to the Reserve Bank of India (RBI) for the conversion of the firm to a Core Investment Company (CIC) from a Non-Banking Financial Company (NBFC). Jio Financial has applied for the company’s conversion to CIC as mandated by the banking watchdog, the company informed exchanges late … Read more
Global investment firm KKR is investing another ₹2,069.5 crore through an affiliate in Reliance Retail Ventures (RRVL), holding company for the retail businesses of Reliance Industries (RIL). KKR’s follow-on investment will translate into an additional equity stake of 0.25% in RRVL, according to a press release issued on Monday, which added that this takes the … Read more
While investors have welcomed Reliance Industries (RIL) Chairman Mukesh Ambani‘s announcement that he will continue in his role for five years and mentor the next generation to play a larger role in the years to come, there were hardly any catalysts at the AGM for the stock to move ahead. “We keep earnings unchanged as … Read more
Reliance Industries Ltd (RIL) chairman Mukesh Ambani said his three children – daughter Isha and sons Akash and Anant – will be inducted on the board as non-executive directors. He will continue as chairman and managing director for another five years, he announced at the RIL annual general meeting (AGM) on Monday. Additionally, wife Nita … Read more
Nita Ambani. File | Photo Credit: Special Arrangement The Board of Directors of Reliance Industries Limited (RIL), at its meeting held on August 28 on the recommendation of the Human Resources, Nomination and Remuneration Committee, considered and recommended to the shareholders for approval of appointment of Isha Ambani, Akash Ambani and Anant Ambani as Non-Executive … Read more
NEW DELHI: After having demerged from incubator Reliance Industries (RIL) last month, shares of Mukesh Ambani’s Jio Financial Services or JFSL will list on stock exchanges BSE and NSE on Monday. Ahead of the listing, the shares of the digital-first NBFC were trading at around Rs 300 apiece in the grey market, higher than the … Read more
Billionaire Mukesh Ambani, the king of disruption, is at it once again. Just when Bajaj Finance became India’s most valued NBFC following a $40 billion reverse merger of HDFC with HDFC Bank, Reliance Industries (RIL) has already fired a $20 billion salvo to change the pecking order in the world of shadow lenders. Following a … Read more
Isha Ambani, a prominent businesswoman herself and the daughter of richest man in India, Mukesh Ambani, the chairman and largest shareholder of Reliance Industries Limited. She often makes headlines; from becoming the youngest billionaire heiress at 16 in 2008 to having a lavish wedding in India. In 2008, Isha was gifted a share valued at … Read more