Tag: Reliance

Reliance Industries tops Fortune India 500 Ranking 2020

December 4, 2020

• Reliance Industries Ltd (RIL) has stood on the first spot on the 2020 Fortune 500 list of Indian companies, released.
• The revenue of RIL clocked Rs 615,854.00, accounting for 7% of cumulative revenues and 11 percent profit of the companies.

Mukesh Ambani tops the Forbes India Rich List 2020

October 10, 2020

• The Reliance Industries Limited (RIL) Chairman Mukesh Ambani, has topped the Forbes India Rich list for 2020.
• Adani Group Chairman Gautam Adani, with a net worth of $25.2 billion got the 2^nd position. Tech tycoon Shiv Nadar acquired the third spot with a net worth of $20.4 billion.

KKR to invest Rs 5,550 crore in Reliance Retail Ventures

September 24, 2020

• Global investment firm KKR will be investing Rs 5,550 crore into Reliance Retail ventures Limited (RRVL) for a 1.28% equity stake.

First Indian firm to cross $200 bn m-cap: Reliance Industries

September 11, 2020

• The first Indian company to cross $200 billion in market capitalization (m-cap) is Reliance Industries (RIL).
• Tata Consultancy Services (TCS) holds the 2^nd position with an m-cap of Rs 8.75 trillion, ($119 billion).

Silver Lake to invest Rs 7500 crore in Reliance Retail for 1.75% stake

September 9, 2020

• Reliance Retail has raised Rs 7,500 Crore by selling 1.75% Stake to American private equity player Silver Lake. The investment was announced by Mukesh Ambani-led Reliance Retail Ventures Limited (RRVL).

Reliance Retail to acquire Future Group’s retail

August 30, 2020

• Under the new acquisition agreement, Reliance Retail and Fashion Lifestyle Limited will be taking over the retail and wholesale undertaking of Future Group for Rs 24,713 crore. The logistics and warehousing businesses of the Future Group will also be transferred to Reliance Retail.

Reliance Retail Ventures Ltd Acquired stake in Vitalic Health Pvt Ltd & Netmeds

August 20, 2020

• Reliance Retail Ventures Ltd (RRVL), a subsidiary of Reliance Industries Limited (RIL) has acquired 60% equity stake in Vitalic Health Pvt Ltd(Vitalic) and 100% direct equity in Netmeds.

Reliance Foundation partnered with USAID

August 13, 2020

• Reliance Foundation has partnered with the US Agency for International Development (USAID) to launch the W-GDP Women Connect Challenge. These W-GDP programs focus on Women Empowerment by closing the gender digital divide and expanding business opportunities for them.

FutureBrand Index 2020- Reliance ranked 2nd

August 6, 2020

• As per the report of FutureBrand Index 2020, Reliance Industries has been ranked the second biggest brand after Apple. The 2020 list is topped by Apple, while Samsung is ranked third, followed by Nvidia, Moutai, Nike, Microsoft, ASML, PayPal and Netflix.

Mukesh Ambani becomes the world’s fifth richest person

July 24, 2020

• Billionaire Mukesh Ambani has come up as the fifth richest person in the world, according to the Billionaires List by business magazine Forbes.
• The chairman of oil-to-telecom conglomerate Reliance Industries exceeded ace American investor Warren Buffett to obtain the fifth spot on the real-time ranking by Forbes, which counted Mr. Ambani’s wealth at $75 billion (Rs 5.61 lakh crore at $1 = Rs 74.76).