Two of the biggest names in the business world. Two of the biggest names in the world of technology. Two of the biggest names in the world when it comes to innovation. At the first edition of the Facebook Fuel For India 2020 Summit, Mukesh Ambani, President and CEO of …
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NEW DELHI: Reliance Industries Ltd (RIL) said subsidiary Jio Platforms has received Rs 33,737 crore from Google for a 7.73% stake, the largest investment ever by the American internet giant in an Indian company. The transaction comes after the Competition Commission of India (ICC) recently approved Google’s investments in Jio …
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Reliance Industries Ltd. said Thursday that the Public Investment Fund (PIF) will invest ₹ Rs 9,555 crore for a 2.04% equity interest in Reliance Retail Ventures Limited. This investment values RRVL at a pre-money equity value of ₹ 4,587 million lakh rupees. “This investment will further strengthen PIF’s presence in …
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Reliance Industries Ltd (RIL) has asked local suppliers to increase production capacity in India so that they can make up to 200 million smartphones over the next two years, according to people familiar with the matter, a potentially huge boost to ambitions. technology of the country. and a warning shot …
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Investor demand for Reliance Industries Ltd’s retail business is so strong that Carlyle Group Inc and SoftBank Group Corp are among those placed on a waiting list, according to people familiar with the matter. Carlyle and SoftBank have recently expressed interest in investing in Mukesh Ambani’s Reliance Retail Ventures Ltd, …
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Reliance Industries Ltd., owned by Indian billionaire Mukesh Ambani, is offering to sell an approximately $ 20 billion stake in its retail business to Amazon.com Inc., according to a person with knowledge of the matter. Amazon has held investment talks in the conglomerate’s Reliance Retail Ventures Ltd. unit and has …
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After Reliance Industries Ltd (RIL) raised a record ₹1.5 trillion from the sale of stakes in Jio Platforms Ltd (JPL), expectations have been high regarding the sale of stakes in the group’s retail company. “In our opinion, the share price (RIL) at the current level of ₹2,100 are likely to …
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Reliance Industries Ltd (RIL) has offered Jio Platforms’ 13 financial and strategic investors the option to invest in its Reliance Retail Ventures Ltd (RRVL) unit, two people familiar with the developments said. These investors include Facebook, Google, KKR, Silver Lake, and TPG. They helped RIL accumulate a total of ₹1.52 …
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NEW DELHI / MUMBAI: Ten days after it bought a majority stake in online pharmacy retailer Netmeds, Reliance Industries Ltd (RIL) said on Saturday it had sealed a deal to acquire the Future Group’s retail business, which was in trouble for 24,713 million rupees. The transaction, which has been in …
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[ad_1] Mukesh Ambani, President and CEO of Reliance Industries Ltd. Prashanth Vishwanathan / Bloomberg News The richest man in Asia, Mukesh Ambani, is on a streak. Jio Platforms, the telecom and digital unit of Indian billionaire oil and gas giant Reliance Industries, announced on Friday that the US tech fund …
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