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Sunday, March 07, 2021

Reliance Industries


RIL’s oil-to-chemicals biz spinoff gets Sebi, exchanges approval

February 24, 2021 12:39 am

The transfer will be on a “slump sale basis”, subject to attaining the requisite approvals. The consideration for the transfer will be in the form of long-term interest-bearing debt of $25 billion to be issued by O2C to RIL.

Reliance Industries hives off oil-to-chemical business into a 100% subsidiary

February 23, 2021 2:16 pm

In a late night statement, the country's largest company in terms of market value said that this new spin-off will not result in any change in the company's shareholding and that the promoter group will continue to hold a 49.14 per cent stake in the O2C business after the reorganisation.

Amazon moves Supreme Court in Future-Reliance deal dispute

February 11, 2021 2:14 pm

The development comes after a recent Delhi High Court's ruling that stayed a previous order on status quo of the deal and ruling that statutory authorities cannot be restrained from acting in accordance with law.

Reliance Industries sells Pennsylvania shale asset for USD 250 million

February 04, 2021 4:07 pm

In June 2010, Reliance had invested in the US shale gas business, where it bought a 45 per cent stake in the Eagle Ford shale gas fields, owned by Pioneer, for USD 1.3 billion. As part of the deal, it received a 49.9 per cent stake in the midstream venture. Pioneer Natural Resources held a 46.4 per cent stake in that venture.

SEBI ban on Kishore Biyani, others won't impact deal with Reliance: Future Retail

February 04, 2021 3:24 pm

In a separate statement, Future Corporate Resources Pvt Ltd (FCRPL) said the SEBI order "has taken care to exclude dealings in securities under any impending Scheme of Arrangement".

Future-Reliance deal: Kishore Biyani says Amazon creating confusion, 'playing dog in the manger'

January 30, 2021 8:26 pm

In a letter addressed to the Future Group employees, Biyani alleged that Amazon is running a concerted and coordinated media campaign and leaking misleading information.

TCS once again becomes the most valued domestic firm by market capitalisation

January 26, 2021 10:19 am

In another milestone, Tata Consultancy Services (TCS) also emerged as the most valued IT company in the world as its market valuation went past that of Accenture.

Amazon goes to India court to stall partner Future's retail deal

January 25, 2021 11:22 pm

In the U.S. giant's latest effort to derail Future's asset sale to Reliance Industries, it asked the High Court in New Delhi to enforce the decision of a Singapore arbitrator, which Amazon and Future had agreed to use in case of disputes, the filing showed.

Reliance Industries shares decline 5% post December quarter results

January 25, 2021 4:07 pm

The index heavyweight stock opened the day on a positive note but failed to hold the ground and dipped 4.69 per cent to Rs 1,953.40 on the BSE. On the NSE, it declined 4.97 per cent to Rs 1,952.55.

RIL Q3 profit rises 12.55%, Covid eats into revenue

January 23, 2021 12:54 am

On a quarter-on-quarter basis, the net profit rose 37 per cent from Rs 9,567 crore in the September quarter. The net profit before exceptional item for the December quarter was Rs 15,015 crore, higher by 41.6 per cent, RIL said.


WB is on the 'ease of doing business matrix today': Mukesh Ambani

January 08, 2016 12:12 pm

Kolkata, Jan 08 (ANI): While addressing at the Bengal Global Business Summit in Kolkata, the chairman of Reliance Industries, Mukesh Ambani on Friday said that West Bengal is one of the top Indian states on the 'ease of doing business matrix today'. He also said that it's a platform to bring together everyone who has a stake in the development of the state.