Tag: RELIANCE

Reliance responds to Elon Musk’s allegations, says it welcomes competition

October 16, 2026 admin

Representational image | Photo Credit: Reuters Reliance Industries Ltd (RIL), whose subsidiary is Jio Platforms Ltd., has hit back at U.S. Billionaire Elon Musk for his recent remarks on the company and the Indian market in connection with his satellite service Starlink. “In light of recent remarks about Reliance and the Indian market, we wish…

Nation

Mcap of 7 of top-10 most-valued firms erodes ₹1.13 lakh crore; Airtel, Reliance worst hit

August 30, 2026 admin

The combined market valuation of seven of the top-10 most-valued firms eroded by ₹1.13 lakh crore last week, with Bharti Airtel and Reliance Industries emerging as the biggest laggards, in-tandem with a bearish trend in equities. Last week, the BSE benchmark Sensex declined 276.32 points, or 0.35%, and the NSE Nifty dipped 76.35 points, or…

Business

Reliance Retail building garment manufacturing ecosystem: Mukesh Ambani

June 19, 2026 admin

Image used for representation purpose only. | Photo Credit: Reuters Reliance’s retail businesses are heading for transformation and for Reliance Retail and Reliance Consumer Products (RCPL) the company is building two growth-boosting platforms. “First, an Advanced Manufacturing Platform: We are building a manufacturing platform extending from beverages and daily essentials to one of the most…

Business

Reliance seeks premium for oil from KG block

December 30, 2024 admin

India’s Reliance Industries KG-D6’s control and raiser platform is seen off the Bay of Bengal in this undated handout photo. India’s Reliance Industries Ltd resumed crude oil production from its east coast MA-1 field on March 8 following an emergency shutdown in December, Upstream Regulator V.K. Sibal said on March 12, 2009. | Photo Credit:…

Business

Reliance Asks Telecom Regulator To Review Reach Of Starlink, Amazon: Report

November 15, 2024 admin

Starlink is seeking security clearance for a licence to offer satellite broadband services in India Billionaire Mukesh Ambani’s Reliance has asked the telecom regulator to review the potential reach of Elon Musk’s Starlink and Amazon’s Kuiper before awarding satellite spectrum amid concerns local players could suffer, a letter showed on Friday. Reliance’s letter, which is…

World

Reliance Asks Telecom Regulator To Review Reach Of Starlink, Amazon: Report

November 15, 2024 admin

Nation

Reliance’s $50 Billion Wipeout Shows Toll of Weak Earnings

November 9, 2024 admin

Reliance’s Billion Wipeout Shows Toll of Weak Earnings

Reliance Industries Ltd. has erased almost $50 billion in market capitalization since its peak in July as the most valuable Indian firm struggles with weakening earnings and an economic slowdown. Shares of the refining-to-retail conglomerate led by billionaire Mukesh Ambani have barely risen this year, trailing the benchmark NSE Nifty 50 Index by the widest…

Nation

Sensex, Nifty hit all-time high levels on rally in Reliance, Tata Motors shares

August 29, 2024 admin

The 30-share BSE Sensex jumped 349.05 points or 0.43% to settle at an all-time closing high of 82,134.61, extending its winning momentum to the eighth day in a row. File | Photo Credit: Reuters Equity benchmark indices Sensex and Nifty hit their all-time high levels on Thursday (August 29, 2024), driven by a rally in…

Business

$8.5 Billion Reliance-Disney Merger Faces 100 Antitrust Queries: Report

July 23, 2024 admin

If it closes, the Reliance-Disney deal will reshape India’s $28 billion entertainment market. New Delhi: India’s antitrust body has asked Reliance Industries and Walt Disney around 100 questions linked to their $8.5 billion India media assets merger, including details on sports rights as it heightens its scrutiny of the deal, two sources told Reuters. Antitrust…

Nation

Market Capitalisation of nine of top-10 most valued firms jumps ₹2.89 lakh crore; Reliance biggest winner

June 30, 2024 admin

The BSE Sensex recorded the best monthly gain in June by climbing 7.14%. The Sensex breached the historic 79,000 mark on June 27. | Photo Credit: Reuters Nine of the top-10 most valued firms together added ₹2,89,699.42 crore in market valuation last week, with Reliance Industries emerging as the biggest gainer, in line with a…

Business