Reliance Retail’s business growth focus with digital commerce

Reliance Retail’s business growth focus with digital commerce

Reliance Industries Ltd (RIL) has shown a strong business growth due to its focus on digital commerce. RIL, last week, posted a consolidated net profit fall of 15 per cent to Rs 15,792 crore for the quarter ended 31 December, 2022 (Q3FY23) compared to Rs 18,549 crore reported in the year-ago period. The conglomerate, while … Read more

Major South America nations move to cut reliance on US dollar – media — RT Business News

Brazil and Argentina are reportedly set to start work on creating a currency union that would eventually involve other nations on the continent Brazil and Argentina plan to create a common currency, the Financial Times reported on Sunday, citing officials. The plan will be discussed and officially announced at a summit in Buenos Aires this … Read more

Reliance suspends gas auction after change in marketing rules, Auto News, ET Auto

In the auction that Reliance-bp launched on December 29, 2022, the gas was intended for sale to end consumers who were not permitted to resale any unconsumed gas. New Delhi: Reliance Industries Ltd and its partner bp plc on Monday suspended a planned auction for the sale of natural gas from their eastern offshore KG-D6 … Read more

Reliance Jio lowers entry barrier for users to use 5G

Reliance Jio lowers entry barrier for users to use 5G

Reliance Jio, India’s largest telecom operator by market share, has reduced the entry barrier for its customers to use 5G services, by adopting a strategy which provides users the choice to use 5G services when they wish to while retaining their specific 4G tariff pack. The company has done so by upgrading its 4G data … Read more

NCLT Rejects Torrent Investments’ Plea To Halt Second Auction For Reliance Capital 

The National Company Law Tribunal (NCLT) on Monday rejected a plea by Torrent Investments—one of the bidders for the Anil Ambani-promoted Reliance Capital—that sought to halt the Committee of Creditors’ voting to hold a second round of auction.         The NCLT, comprising justice PN Deshmukh and Shyam Babu Gautam, declined to grant a … Read more

reliance capital: Torrent bids ₹8,640 cr upfront for Reliance Capital

Torrent Investments on Friday proposed to pay its entire bid of ₹8,640 crore upfront for acquiring Anil Ambani-promoted Reliance Capital, doubling its immediate payment offer made a day after the auction ended late in December, two people aware of the development told ET. Similarly, the Hinduja Group offered ₹8,110 crore upfront and ₹800 crore in … Read more

Reliance, Radiant Cash Management, Avenue Supermarts, ONGC, Vedanta, SBI, RailTel, NTPC stocks in focus

Reliance, Radiant Cash Management, Avenue Supermarts, ONGC, Vedanta, SBI, RailTel, NTPC stocks in focus

Indian benchmark indices are likely to open on a muted note on Wednesday, hinted SGX Nifty. Ahead of the session, Nifty futures are trading lower at 18248 level on the Singapore Exchange. In the previous session, BSE Sensex gained 126 pts to close at 61,294, while NSE Nifty 50 rose 35 pts to 18,232. “Markets … Read more

Reliance Industries announces change in object clause of MoA

Reliance Industries announced the following addition to the Object Clause of the Memorandum of Association (MOA) of the Company: 11. To undertake project management services, advisory services, asset life cycle management, turnkey projects of every description, engage in procurement and / or granting of licences, know how, technology, process etc., enter into … Read more

Torrent Elevates Bid War Against Hinduja Group For Reliance Capital To RBI

Torrent Investments has taken the legal dispute regarding their bid for Reliance Capital to the Reserve Bank of India (RBI) and have requested the RBI to issue instructions to the administrator. The Committee of Creditors will be meeting on 03 January to assess the latest development in the case. On December 28, Torrent Investments wrote … Read more