In a last-minute rescue Monday, Mukesh stepped in to help younger brother Anil pay $80 million in dues to a local unit of Ericsson AB and avert a three-month jail sentence. On the same day, his Reliance Jio Infocomm Ltd. and Anil’s RCom terminated a 2017 deal that had helped the latter stave off bankruptcy.
Saudi Aramco, the world's biggest oil company, and its partner Abu Dabhi National Oil Co (ADNOC) have picked up 50 per cent stake in a planned USD 44-billion refinery in Maharashtra but the project is facing problems in acquiring land due to protests from local politicians.
Reliance Realty, a unit of RCom, has furnished redeemable preferential shares worth Rs 1,000 crore as corporate guarantee towards outstanding spectrum usage charges of Rs 2,940 crore, as sought by DoT.
Dassault Aviation CEO Eric Trappier Tuesday reiterated that his company had chosen Reliance as an offset partner, and denied allegations of corruption in the Rafale jet deal with India saying it was a "clean deal".
The total length of the sea link is 9.6 kilometre, which will include connectors, and will in total measure 17.17 km. The sea link will be connected at Bandra, Carter Road, Juhu Koliwada and Nana Nani Park.
Reliance’s Jio institute, recently declared an ‘Institute of Eminence,’ puts it at par with the likes of IIT-Delhi, IIT-Bombay, IISc and BITS . Here's a look at its earnings projection in today's News in Numbers.
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Mumbai, Jan 11 (ANI): Reliance Defence has signed an accord with Andhra Pradesh Government to set up a naval facility along the country’s coast with an initial investment of Rs.50 billion. Reliance Defence, a unit of billionaire Anil Ambani’s Reliance Infrastructure, plans to build submarines and aircraft carriers as well as to provide services including maintenance and refitting of ships at the facility. Reliance Chairman Ambani cited estimates saying the Indian navy could spend nearly 200 billion rupees annually over the next 15 years on acquisitions and fleet modernisation of submarines and aircraft carriers.