
RIL to go big on investments in solar, 5G & retail
Reliance Industries invested ₹99,472 crore and ₹79,667 crore in FY22 and FY21, respectively, for expanding telecom and retail businesses, besides acquisitions.
Reliance Industries invested ₹99,472 crore and ₹79,667 crore in FY22 and FY21, respectively, for expanding telecom and retail businesses, besides acquisitions.
Reliance Brands has entered into a multi-year franchise agreement with Tod’s to retail its lifestyle brand in India, including footwear, handbags, and accessories.
Future has a shade over 550 stores left after RIL took over 830 stores for not paying rentals since early 2020. Of these, over 70% are defunct.
Shares of Reliance Industries have been falling for the last six sessions and have plunged 9.5% during the same period.
For the full financial year FY22, the net profit rose 26.2% YoY to ₹67,845 crore, while gross revenue jumped 47% YoY to ₹792,756 crore.
RIL share price has been falling for the past five sessions and declined 8.4% during this period to hit a three-week low of ₹2,602.40 on the BSE.
Future Retail shares have been falling for the past nine sessions and dropped 36% during the same period.
Boosted by a stellar gain in RIL share price, Mukesh Ambani’s net worth rose by $1.41 billion to $104 billion as of April 29.
Reliance Industries and Viacom18 partner with Bodhi Tree to form mega Indian TV, streaming firm; eyes to transform “streaming-first” approach.
Shareholder agreement for the $2 billion chemical joint venture was signed between Reliance and TA’ZIZ to unlock new revenue streams and opportunities for local manufacturers in UAE