Tag: Reliance

Reliance to invest in NexWafe as strategic lead investor

NEW DELHI: Billionaire Mukesh Ambani’s Reliance Industries has invested EUR 25 million in German solar wafer maker NexWafe GmbH to use the firm’s technology to set up giga-scale wafer manufacturing facilities in India. “NexWafe GmbH (NexWafe) today announced the induction of Reliance New Energy Solar Limited (RNESL), a wholly-owned subsidiary of Reliance Industries Limited (Reliance) […]

False claims in Reliance’s affidavit in Punjab and Haryana High Court: Farmers’ body

NEW DELHI: Hours after Reliance approched the Punjab and Haryana HC against the damage to its cellular infrastructure and forcible closure of its stores, a pan-India farmers’ body said the affidavit filed by the firm in the court is full of “false” claims. The All-India Kisan Sangharsh Coordination Committee (AIKSCC), representing 250 farmers’ organisations in […]

Reliance raises Rs 7,350 crore from GIC, TPG through retail unit stake sale

NEW DELHI:Reliance Industries Limited (RIL) on Saturday announced Rs 7,350 crore investments by Singapore sovereign wealth fund GIC and global private equity firm TPG Capital in its retail unit, taking the total fundraising in the last one month to Rs 32,197.50 crore. While GIC invested Rs 5,512.5 crore in Reliance Retail Ventures Ltd (RRVL) for […]

Google to invest Rs 33,737 crore in Jio Platforms

NEW DELHI: Reliance Industries Limited, Jio Platforms Limited (Jio Platforms) and Google LLC (Google) today announced the signing of binding agreements for an investment of Rs 33,737 crore by Google into Jio Platforms. This investment by Google values Jio Platforms at an equity value of Rs 4.36 lakh crore. Google’s investment will translate into a […]

Reliance rejig of media business makes Sony merger less likely: Experts

NEW DELHI: Reliance Industries’ move to consolidate its media and distribution businesses under one entity Network18 Media & Investments will create a cleaner structure and make the merger of entertainment channels with Sony less likely, experts said. Earlier this week, the company said it will merge its TV18 Broadcast business with Network18, and maintain the […]

Government must reduce reliance on bond markets, undertake divestment: Ex RBI Dy Gov

NEW DELHI: The Indian government needs to reduce its reliance on bond markets and undertake a heavy disinvestment programme along with urgently implementing land, labour and agricultural reforms, former RBI Deputy Governor Viral Acharya said. Speaking at a panel discussion at Columbia University here on Friday on the ‘Indian Economy: The Next Five Years’, Acharya […]

Reliance launches JioFiber

NEW DELHI: Jio, the world’s largest mobile data network, has today announced the commencement of JioFiber, its Fiber to the Home service, across 1,600 cities in India. With JioFiber, Jio continues to deliver on its promise of connecting the unconnected while bringing about transformational changes to Indian homes, that it started with its mobility service […]

Brookfield to invest Rs 25,215 crore in Reliance’s telecom tower arm

NEW DELHI: Canadian investment firm Brookfield Asset Management will invest Rs 25,215 crore in a trust that controls Reliance Industries’ telecom tower infrastructure assets, said the two companies on Friday. This is the second investment this year that Brookfield is making in a venture controlled by Reliance chairman Mukesh Ambani. In March, it had agreed […]

Anil Ambani to withdraw defamation suits against Congress, Herald

NEW DELHI: Anil Ambani’s Reliance Group has decided to withdraw the Rs 5,000-crore civil defamation suits filed in an Ahmedabad court against Congress leaders and National Herald newspaper over their statements and an article on the controversial Rafale fighter jet deal. The suits were being heard in the court of city civil and sessions judge […]

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