Page 3 - Reliance Group

Anil Ambani-led group's market cap rises 1,000% to nearly Rs 8,000 cr

The market capitalization of Anil Ambani led Reliance Group has surged by over 1,000 per cent in less than 3 months.

Mukesh Ambani says Reliance now has strong balance sheet to support growth

Mukesh Ambani says RIL now has strong balance sheet with High liquidity to support growth plans of Jio, retail and oil-to-chemical businesses

Reliance BP Mobility to provide free fuel to coronavirus ambulances

Reliance BP Mobility Ltd, has deployed a mobile fuel bowser in Mumbai for supplying fuel free of cost to ambulances on Covid-19 duty, a company statement said on Tuesday

Second Covid-19 wave: India Inc steps in as govt falters on health care

Amid a massive surge in Covid patients, companies are coming forward with several innovative initiatives to help people

Adani group combined market cap tops $100 billion

Currently, only Tata group, HDFC group and Mukesh Ambani-led Reliance group have higher market cap at the group level

PE/VC investments in 2020 at par with 2019 at $47.6 billion, says EY-IVCA

Investments in Reliance Group entities worth S$17.3 billion accounted for 36% of all PE/VC investments in 2020

Thanks to Reliance, Deal Street grows 7% in value to $80 bn in 2020: Report

Despite the coronavirus pandemic and the resultant ravaging of the global economy, the Deal Street managed to grow 7 per cent in 2020 over 2019 to about USD 80 billion across 1,268 transactions, thanks to a string of big-ticket deals by Reliance, according to a report. More than a third of the total deal came through Reliance -- into Jio Platforms and Reliance Retail, according to the data collated by PwC India. While Reliance Jio attracted FDI worth USD 10.2 billion led by Facebook, Reliance Retail also got billions in foreign direct investment (FDI) in the second half. All other FDIs put together totalled just USD 3.2 billion. Merger and acquisitions (M&As) accounted for over 50 per cent of the total deal value this year, while private equity (PE) activity kept pace with last year, recording investments worth USD 38.2 billion, which is same as in 2019, says the report which said the numbers pertain to January 1 and December 7. Excluding the big-ticket deals in the telecom ...

Only two of six bids for Reliance Home Finance are compliant and binding

The lenders have decided to further extend the bidding timeline till January 31, 2021, in order to accommodate the four non-compliant bidders

PE/VC investments decline 8% to $41.4 bn during January-November 2020

PE investments in Reliance Group entities accounted for 42%

Reliance now a key player in realty space with Rs 40,000-cr assets

Corporate parks, commercial complexes in Haryana, Maharashtra find takers

Reliance Capital invites bids for stake sale in subsidiaries to clear debt

Reliance Capital, part of Reliance Group, has invited bids for its subsidiaries, including Reliance General Insurance and Reliance Nippon Life Insurance, to repay loans of Rs 20,000 crore

Reliance General partners SatSure Analytics for crop insurance biz

Reliance General Insurance on Monday said it has partnered with SatSure for satellite-based crop monitoring and predictive analytics support to better risk management and improve efficiency of its crop insurance business operations. As part of the partnership, RGICL will supply extensive ground observation data and generate timely reports through SatSure Analytics' SAGE platform, combining the analysis of Earth Observation data, the company said in a release. It will help address the key areas of crop health, soil moisture, crop sown area, crop yield estimation and crop loss estimation, the company added. "We are committed to invest in technology and innovation to make crop insurance a success and our partnership with SatSure is aligned with this goal. It's a key step in our customer-centric approach for timely and efficient insurance servicing while being able to effectively and remotely monitor the business risks," said Rakesh Jain, ED & CEO, Reliance General Insurance. The ...

Former IOC Chairman Sanjiv Singh joins Reliance as Group President

Former Indian Oil Corp (IOC) chairman Sanjiv Singh has joined Reliance Industries Ltd as Group President for billionaire Mukesh Ambani-run firm's oil-to-chemicals business.

Lenders to Reliance Commercial Finance invite bids for sale of NBFC

RCFL, which according to its website has been re-branded as Reliance Money, is a non-banking finance company (NBFC) with asset under management of Rs 11,000 crore.

Shikhar Dhawan signs marketing and management agreement with IMG Reliance

IMG Reliance has Rohit Sharma, Jasprit Bumrah, Hardik Pandya, Krunal Pandya, Shreyas Iyer in its roster

Huge scam in YES Bank for many years, says Enforcement Directorate

Rana Kapoor's wife also charged with abetting crime

Leave the PSUs alone for now

Government sell-off is a stimulus for itself and might not work at this juncture

One-stop shop

Jio-Facebook deal would change India's digital economy

RIL's net debt might not rise in 2020-21 despite coronavirus, says report

RIL's share price has dropped 21 per cent year-to-date, but still out-performed the market by 7 percentage points

YES Bank crisis: ED summons Anil Ambani in probe against Rana Kapoor

Confirming the development, an ED official said the agency was examining all the big borrowers of the bank, and the stressed loans sanctioned during Kapoor's tenure