Reliance

Reliance to debut 5G wireless hotspot device ‘Jio AirFiber’ next month, announces Jio True5G Lab & more at 46th AGM

Reliance Industries Limited, led by Mukesh Ambani, once again made big Jio-centric announcements at its 46th annual general meeting that took place here in Mumbai today. As customary, investors awaited significant revelations during this annual event. The event was streamed live on the company’s website, social media platforms, and YouTube channels. Mukesh Ambani, chairman and … [Read more…]

Reliance is testing a Paytm-like sound box payments system

Reliance is taking a page out of Paytm’s book, it seems. Several reports, including confirmations from employees suggests that the Mukesh Ambani-owned conglomerate is testing a sound box with its employees in some of its stores at its campus. Specific details on the matter are yet to emerge from the company. The sound box, similar … [Read more…]

Reliance well in position to acquire controlling stake in Disney’s India assets

In a significant development, Mukesh Ambani’s Reliance Industries Ltd. is on track to acquire the India operations of mass media and entertainment giant Walt Disney. According to several reports, the Indian conglomerate is on the cusp of finalizing a monumental cash and stock deal with Walt Disney Co. in a bid to secure a significant … [Read more…]

KKR increases Reliance Retail stake with new $250Mn investment

Global investment major KKR has upped its stake in Mukesh Ambani’s Reliance Retail Ventures with an additional investment of ₹2,069.50 crore (nearly $250 million), which elevates the valuation of the company to a staggering $100 billion. This follow-on investment boosts KKR’s equity stake in Reliance Retail to 1.42% on a fully diluted basis owing to … [Read more…]