Oberoi Anantvilas in BKC will be hotel chain's first urban resort
From Anil Agarwal and Mukesh Ambani joining the suitors' list for acquiring RCom assets to Sebi easing the process for onboarding overseas investors, here are the top business headlines for Thursday
RCom referred itself to the NCLT for insolvency proceedings after it failed to repay its debt worth Rs 45,000 crore
RIL announced agreeing to a non-binding letter of intent from Saudi Aramco regarding proposed investment in its refining, petrochemicals, and fuel marketing business
Say will not screen films that are released on OTT simultaneously
Mukesh Ambani has credited his children, Isha and Akash, with helping to nudge him into the internet business.
The company also announced that it has entered into a deal with BP to sell 49 per cent stake in its fuel marketing business in India for $1 billion
Why is Ambani hitting the brakes on a seven-year, $100 billion investment spree across refining, petrochemicals, telecom and retail?
The announcements saw the stock rally over 8 per cent in intra-day trade on the National Stock Exchange (NSE) to Rs 1,257 levels on Tuesday
Mukesh Ambani, the chairman of the group announced that Saudi Aramco will invest to take a 20% stake in the group's oil to chemicals (O2C) business at a $75 billion enterprise value.
Some competitors in the DTH and cable business say it would not be easy because of two reasons
Partnerships with Aramco, BP will bring in Rs 1.1 trillion; funds to be used to pare debt
The oil-to-chemicals division of RIL comprises refining, petrochemicals, and fuel marketing businesses
The O2C business has been the cash churner for RIL, say senior company officials
Aramco agreed to buy a 20% stake in Reliance's oil refining and petrochemicals division
Mukesh Ambani said that the trials of Reliance Retail's digital commerce venture have delivered positive results
The statement came in the wake of rising debt at the group level that reached a level of group Rs 1,54,478 crore in the last financial year
As part of the deal, Saudi Aramco will supply 500,000 barrels per day of crude oil to Reliance's twin refineries at Jamnagar in Gujarat
RIL is preparing its Jamnagar complex to be future-ready as fuel demand undergoes change with the advent of electric vehicles
Reliance Brands hopes to take the 88-store network of Hamleys to around 200 in the next two to three years in India