PWC cited the companies' failure to convene audit committee meetings within the expected time, despite multiple letters of intent sent to them, as one of the reasons for the resignation, the firms had informed stock exchanges.
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’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.
See more: https://bit.ly/2M2t86i
Reliance at its 41st AGM unveiled the JioPhone 2 at an introductory price of Rs 2,999. The device mostly features the same specifications that we saw on the original JioPhone. However, JioPhone 2 now comes with a qwerty keyboard and a horizontal display for a better user experience.
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.