In early 2017, the market regulator had ordered Mukesh Ambani’s company and some other entities to return more than Rs 447 million in the RPL case. (Photo credit: Reuters) Reliance Industries Chairman Mukesh Ambani started his new year with a fine of 15 million rupees for himself and 25 million …
Read More »Good time to buy RIL shares? Recent Underperformance Makes Reliance Stock Attractive
Jio has been the biggest revenue generator despite a smaller increase in average revenue per user (ARPU) after last year’s rate hike. RIL’s share price has fallen more than 2% in the last month, while the Nifty 50 has risen 11.5% in the same time period. The recent heavyweight underperformance …
Read More »Reliance Said to Plan Big Boost for Smartphones After Google Deal
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 …
Read More »Reliance Industries Considers Sale of $ 989 Million Stake in Asian Paints
[ad_1] Reliance Industries is considering selling its stake in India’s largest paint maker, valued at around $ 989 million as the conglomerate steps up efforts to cut its debt, people familiar with the matter said. The Mukesh Ambani-controlled company is in talks with banks for a possible sale of its …
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