Billionaires Mukesh Ambani and Sunil Mittal have once again deferred on the timing of the possible rollout of 5G technology. While Ambani, which controls the country’s largest telecommunications service provider Reliance Jio, said the company is ready to offer a fifth-generation wireless service by the second half of 2021, Bharti …
Read More »Jio 5G service to launch in India in second half of 2021, reveals Mukesh Ambani
The Jio 5G service will be rolled out in India in the second half of 2021, revealed Reliance Industries President and CEO Mukesh Ambani during his keynote address at the 2020 India Mobile Congress on Tuesday. The Indian billionaire pointed out that the 5G service offered by Jio would be …
Read More »Sensex jumps more than 100 points in the first trades, Bajaj Auto Top Gainer; Ingenious Tests 12,900
Mumbai: Benchmark Sensex equities index rose more than 100 points at the opening of the trade on Thursday, following gains in the index’s heavyweight HDFC twins, L&T and Reliance Industries amid largely positive signals from the global markets and sustained inflows of foreign funds. The 30-share BSE index was trading …
Read More »Arguments before the Delhi High Court
– Arbitration ship has sailed in the present case and the suit could now not be maintained – The parties are bound by the instructions of the Emergency Court. – All arguments raised before the Court were heard and decided by the Emergency Arbitrator in detail after considering Indian law. …
Read More »Prime Minister Narendra Modi’s bold reforms will pave the way for India’s rapid economic progress – Mukesh Ambani
Mukesh Ambani was virtually addressing students at Pandit Deendayal Petroleum University (PDPU) Gandhinagar: Reliance Industries Limited Chairman Mukesh Ambani said on Saturday that the “bold reforms” introduced under the leadership of Prime Minister Narendra Modi will pave the way for India’s rapid economic progress in the coming years. Addressing Pandit …
Read More »MARKETS: Financial indices raise indices; Sensex raises 282 points, Nifty finishes at 12,859
Buying from financial accountants like HDFC Bank, Bajaj Finance and Bajaj Finserv helped benchmark indices settle 0.6 percent higher on Friday. The S&P BSE Sensex ended at 43,882, an increase of 282 points or 0.65%, while the NIFty of NSE ended at 12,859, an increase of 87 points or 0.68%. …
Read More »BPCL divestment begins with multiple EOIs, Reliance stays away
The long-awaited privatization process of Bharat Petroleum Corporation (BPCL) received a boost with at least three or four expressions of interest submitted by the company. The last day for EOIs was Monday. The sale is crucial for the government in order to meet its divestment target of Rs 1.2 trillion …
Read More »Mukesh Ambani’s Reliance acquires 96% stake in Urban Ladder for Rs 182 crore
The retail arm of Reliance Industries, owned by billionaire Mukesh Ambani, has acquired a 96 percent stake in online furniture retailer Urban Ladder for more than 182 million rupees. “Reliance Retail Ventures Ltd (RRVL), a subsidiary of Reliance Industries (RIL), has acquired shares of Urban Ladder Home Decor Solutions Pvt …
Read More »BPCL Privatization: Offer Closes Monday, All Eyes on Reliance
The secretary of the Department of Investment and Management of Public Assets (DIPAM), Tuhin Kanta Pandey, had told PTI last month that there would be no further extensions Initial offers for the privatization of Bharat Petroleum Corp Ltd (BPCL) are due to close on Monday amid indications that large British …
Read More »Sensex falls more than 250 points in the first trades, Nifty falls below 12,650; IndusInd Bank Top Loser
Mumbai: Benchmark Sensex equity index fell more than 250 points in early trading on Friday, following losses in the HDFC twins of index heavyweights ICICI Bank and Kotak Bank amid weak signals from markets global. The market is pausing at these levels with a higher chance of profit booking, experts …
Read More »