The aim is to add a million in headcount in three years, primarily in the retail arm, as the company transforms itself into an enterprise that now includes two mega consumer and technology businesses.
The oil-to-telecom behemoth has created a strong balance sheet that supports growth plans for three hyper-growth engines—Jio, Retail, and O2C. And as part of CSR, it’s also in the healthcare space.
The oil-to-telecom conglomerate is trying its best to deal with the second wave of Covid-19-induced disruptions in its retail operations. But it will be difficult for Reliance Retail to escape unhurt.
The surge in Coronavirus cases across the country threatens to derail the growth reported by consumer-focussed companies in the March quarter.
The Mukesh Ambani-led cash-rich giant is all set to carve out its traditional oil-to-chemicals business into an independent subsidiary, and create a holding structure by itself.
After buying out IMG’s stake in the RIL joint venture, Mukesh Ambani charts out a solo course into the management of sports, entertainment events, and talent.
The India Mobile Congress saw the focus shift to the debate on 5G technology and the inherent resilience of Indian telecom industry to withstand the onslaught from the pandemic.
The oil-to-yarn and retail-to-telecom conglomerate’s market value continues to soar as businesses perform and a path to paring debt is chalked out.
Mukesh Ambani’s vast media and entertainment empire is key to powering Jio’s extensive data network. Jyoti Deshpande, head of RIL’s media business, is the one giving shape to an ambitious strategy.
The new JV in which 51% will be owned by Mukesh Ambani-led RIL will build a pan-India fuel retail service station network and also sell aviation fuel to airliners.
