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The Latest Breaking News from Reliance

CP vies for Metro’s Indian wholesale unit

Charoen Pokphand Group Co and Reliance Industries Ltd are among suitors for German retailer Metro AG’s wholesale operations in India, according to people familiar with the matter, as the companies seek to deepen their retail portfolio in one of the world’s largest consumer markets.

Bangkok Post

Govt slaps windfall tax on fuel exports, domestic crude

NEW DELHI: The government on Friday taxed petrol, diesel and jet fuel exports to discourage overseas sales by private refiners Reliance Industries and Nayara Energy without first meeting domestic commitments and levied additional duty on domestic crude to mop up part of the windfall gains from elevated prices caused by…

The Times of India

Explained in 10 charts: Why Mukesh Ambani's heirs will take over an empire different from what he inherited

NEW DELHI: Mukesh Ambani, the chairman of India's most valued firm Reliance Industries, has taken the first step to pass on the reins of leadership to the next generation of Ambanis.

The Times of India

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More than half a billion pounds in public money paid to rogue housing providers in just one city

Exclusive: In Birmingham, £555m has been paid out in housing benefit in just four years to providers subject to watchdog action

The Independent UK

Reliance brings UK's Pret a Manger to India to take on Starbucks

NEW DELHI: Reliance Brands (RBL) is set to take on Tata Starbucks by bringing to India British sandwich and coffee chain Pret a Manger.

The Times of India

Reliance Brands forays into food & beverage space, signs franchise pact with Pret A Manger

NEW DELHI: Reliance Brands on Thursday announced its entry into the food and beverage space through a long-term master franchise partnership with UK-based fresh food and organic coffee chain Pret A Manger.

The Times of India

Mukesh Ambani sets succession plan in motion by promoting his children

MUMBAI: Indian billionaire Mukesh Ambani just got busy with the early stages of succession planning at his energy-to-technology conglomerate Reliance Industries Ltd, naming two of his offspring as chiefs of key units in his $217 billion empire.

The Times of India

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Better Buy: Reliance Steel & Aluminum Vs. Olympic Steel

Despite inflationary pressures, steel demand is expected to remain positive this year and the next. With favorable prospects across market segments, steel industry players Reliance Steel & Aluminum (RS) and Olympic Steel (ZEUS) might benefit. However, which stock is a better buy? Read on to find out.

StockNews.com

Mukesh Ambani resigns from Reliance Jio Board, Akash appointed Chairman

Reliance Industries chairman Mukesh Ambani has resigned from the board of Reliance Jio handing over reigns to his elder son Akash Ambani, who will be Chairman of the Board of Directors.

Dynamite News

These 3 Industrial Names are Still Undervalued

The industrial sector is expected to grow significantly in 2022 due to strong demand for industrial goods and supportive government policies to spur domestic industrial production. Thus, it could be wise to invest in fundamentally sound industrial stocks Friedman Industries (FRD), Nippon Steel (NPSCY), and Reliance Steel (RS), which are…

StockNews.com

Indian Conglomerate Reliance Eyes Bankrupt Revlon: Reuters

Indian conglomerate company Reliance Industries is mulling acquiring cosmetics maker Revlon Inc (NYSE: REV), Reuters reported. The development comes in the wake of Revlon filing for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the Southern District of New York. Revlon is facing heavy debts as it struggles to compete with brands driven by social media…

Benzinga

Sports: Mission to take IPL to cricket fans around the world

Director of Reliance Industries Ltd. Nita Ambani said that they have a 'Mission to take IPL to cricket fans in every part of the world. Read further on Dynamite News:

Dynamite News

Amazon’s new India chief pulled plug on cricket, not the country

NEW DELHI: Manish Tiwary had only been in his new job as head of Amazon’s India business a couple of months when he faced a weighty decision: How aggressively should the US e-commerce giant bid for media rights to the Indian Premier League (IPL)?

The Times of India

Govt to pursue $3.85 billion recovery from Reliance, partners

NEW DELHI: The government on Monday said it will pursue recovery of $3.85 billion from Reliance Industries and its partners in the Panna/Mukta and Tapti oil and gas fields case and is mulling an appeal against an English court order over cost recovery dispute in the same fields.

The Times of India

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The Times of India

Amazon plans to exit $7.7 billion race for cricket rights

Amazon.com Inc. is planning to withdraw from a heated competition for the rights to stream Indian Premier League cricket matches, ceding one of the world’s most popular sporting contests to rivals from Walt Disney Co. to Mukesh Ambani’s Reliance Industries Ltd.

Birmingham Post

Indian billionaire Mukesh Ambani and Apollo Global Management reportedly make £5bn Boots bid

In April an insider told BusinessLive eighth richest on earth was interested in buying the high street business

Benzinga

Morning Brief: Top Financial Stories Dominating on Thursday, June 9

Reuters Blackstone Closes In Crown Bid After Australia Approvals: Reuters

Benzinga

India's Apollo Global, Reliance Make a Binding Offer For UK's Boots: Bloomberg

Apollo Global Management Inc. (NYSE:APO) and Ambani's Reliance Industries Ltd. led consortium have made a binding offer for Walgreens Boots Alliance Inc.'s (NASDAQ:WBA) international arm, reported Bloomberg, citing people familiar with the matter. The source stated that the proposal values Boots at more than £5 billion ($6.3 billion). Walgreens is seeking a valuation of around £7…

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The Times of India

Apollo, Reliance are said to make binding offer for Boots

NEW DELHI: A consortium of Apollo Global Management and Reliance Industries has made a binding offer for Walgreens Boots Alliance’s international arm, people with knowledge of the matter said.

The Times of India

Mukesh Ambani regains spot as Asia's richest, surpasses Gautam Adani

NEW DELHI: The battle between two of India's wealthiest businessmen for Asia's richest spot keeps getting interesting with one pitting the other continuously.

The Times of India

Reliance Brands to acquire 40% stake in Italy's Legno SPA's India toy manufacturing business

NEW DELHI: Reliance Brands Ltd (RBL) on Wednesday announced that it has entered into a JV with Italian toy manufacturing company Plastic Legno SPA by acquiring a 40 per cent stake in its India business for an undisclosed amount.

The Times of India

Gautam Adani, Mukesh Ambani reap windfall from surging oil, coal

NEW DELHI: Gautam Adani and Mukesh Ambani are profiting from a surge in global commodity prices triggered by Russia’s invasion of Ukraine, burnishing their fossil-fuel credentials even as Asia’s richest men publicly push their pivots toward greener energy.

The Times of India

Sensex zooms 1,345 points led by gains across sectors; Nifty settles at 16,259

NEW DELHI: Equity indices extended gains to second session on Tuesday with the benchmark BSE sensex rising over 1,300 points led by gains across all sectors.

Evening Standard

The world’s top 10 billionaires: Who are they, what is their net worths and how did they build their fortunes?

The rate of billionaires increases year on year, with the current number at 2,755 billionaires worldwide, according to Forbes magazine.

The Times of India

Reliance becomes 1st Indian firm to hit $100 billion revenue; posts 22.5% jump in Q4 profit

NEW DELHI: Reliance Industries consolidated net profit jumped 22.5 per cent in the fourth quarter ended March 31, 2022, the company said in a regulatory filing on Friday.

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