reliance industries - Latest News, Analysis, Opinion

FRL's independent directors had last week asked Amazon if the e-commerce giant was willing to give a long-term loan to avoid default on repayment of Rs 3,500 crore loan due on January 29. Amazon replied that it was willing to financially assist Future Retail through the Samara Capital deal but the retailer must shelve Rs 24,713 crore deal with Reliance

Reliance Reports Hefty Profit On Energy, Retail Boost

The conglomerate also recorded a one-off gain of Rs 28.72 billion from the sale of its shale gas assets.

Reliance Joins Calls For India To Tighten Marketplace Rules

Reliance did not name any company, the sources added, although its remarks chime with calls for greater regulatory oversight in India of ecommerce giants Amazon and Flipkart.

Reliance, Ola Electric, Mahindra Bid For Incentives Under India's Battery Scheme

Energy & Infra

India last year finalised an incentive program to encourage companies to invest in the local manufacturing of batteries as it looks to establish a domestic supply chain for clean transport and build storage for renewable energy

Reliance Intensifies Green Push With $80 Bn Investment In Gujarat

Reliance will invest 5 trillion rupees over a span of 10 to 15 years to set up a 100 gigawatts renewable energy power plant and has already started scouting land for the project, it said in a filing to the stock exchanges on Thursday.

Reliance Takes 26% Stake In Delivery Firm Dunzo For $200 Mn

Billionaire Mukesh Ambani-owned Reliance Industries said on Thursday its retail arm led a $240 million funding round in Bengaluru-based Dunzo which offers lightning fast delivery of groceries and medicines and even offers to pick up and drop off documents and other items.

Reliance Industries Raises $4 Billion In Three-Tranche U.S Dollar Bonds: Report

Reliance Industries Ltd has raised $4 billion in a three-tranche U.S. dollar bond issuance, according to a term sheet seen by Reuters.

Future Retail Asks Court To Declare Arbitration With Amazon Illegal

Armed with a December antitrust ruling against Amazon, Future Retail has petitioned the Delhi High Court and the arbitration tribunal in Singapore saying that continuing arbitration would be illegal.

Reliance Plans To Raise Up To $5 Billion In US Debt: Report

Reliance said that the proposal for fixed rate notes, which could be issued in one or more tranches, was approved by the board in a meeting on Saturday.

Future Group Stocks Surge 20% After India Suspends 2019 Amazon Deal

Companies & Markets Markets Stock Market

The suspension potentially dents Amazon's attempts to block the sale of Future's retail assets to Reliance Industries' unit.

Reliance To Get First Oil Cargo From Abu Dhabi-Based Trading Arm In December

Billionaire Mukesh Ambani-backed Reliance group in October announced plans to set up Reliance International Ltd to trade in crude oil, petroleum, petrochemical products and agricultural commodities.

Why Reliance Called Off $15 Billion Deal With Aramco

Reliance-Aramco Deal: Talks broke down over how much Reliance's oil-to-chemicals business should be valued as the world seeks to move away from fossil fuels.

RIL Reboots Aramco Deal, To Re-evaluate Structure After New Energy Forays

Economy India

To pivot to green energy, it has already bought a German maker of photovoltaic solar wafers and signed a deal with a Danish company to manufacture hydrogen electrolysers in India.

Reliance Makes Final Call For Payment On Rights Issue