Reliance Industries
-
Mukesh Ambani’s Reliance Industries is said to be weighing up making a bid for T-Mobile Netherlands, a subsidiary of Deutsche Telekom AG’s Netherlands. -
The company that owns Indian operator Reliance Jio will continue to pay the salary of staff who have died of Covid-19 for five years.
-
Reliance Industries is rumoured to have partnered Google and Facebook to develop a new payments network in India.
-
Reliance Industries Limited has called on the Indian government to intervene and end what it has described as "illegal acts of vandalism by miscreants" in Punjab and Haryana.
-
Reliance Industries has generated eight investments in its retail subsidiary Reliance Retail Ventures Limited (RRVL), however a legal notice from Amazon could be about to put the brakes on the momentum.
-
KKR has made a second investment in a Reliance Industries’ company, this time backing the firm’s retail subsidiary in return for a 1.28% equity stake.
Forthcoming events
-
In the strongest confirmation of its ambitions to date, Reliance Industrial Investments has sold approximately 135,000 Jio-owned towers and, through Reliance Retail Ventures Limited, has acquired logistics and retail capabilities from the Future Group.
-
Jio Platforms is to receive another multi-million-dollar investment following news that global growth equity firm General Atlantic has taken a 1.34% equity stake in the Indian digital services platform.
-
Analysts have welcomed Facebook’s US$5.7 billion in the services arm of India’s Reliance Industries.
-
India’s Supreme Court is in a battle with the government over a $13 billion decision that may see the demise of mobile operator Vodafone Idea.
-
Indian operator Reliance Jio is to introduce Azure in its data centres, gigabit fibre for customers and a pan-India blockchain network.
