It’s raining money for Asia’s richest man
Private equity firm Silver Lake to invest ₹7,500 crore in Mukesh Ambani-led Reliance Retail Ventures.
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RIL Q4 net profit down 37%
Despite a weak business outlook, RIL looks well-poised to progress on its debt reduction plans with Jio Platforms likely to see another Facebook-like deal and a rights issue.
FACEBOOK AND JIO INK $5.7-BN DEAL
The mega deal will help RIL deleverage and expand its new commerce initiative, while giving Facebook, Instagram, and WhatsApp access to Jio’s 388 million users.
How India Inc. has come together to fight Covid-19
Companies ranging from auto to garments and FMCG have joined hands to speed up the production of medical equipment such as masks, sanitisers, and ventilators.
Jio, retail, and refining push RIL’s Q3 net profit up 13.5%
Profit from RIL’s digital services, retail, and refining helped offset weakness in its petrochemicals business.
RIL’s triple play: Consumers, investors, and partners
Deleveraging through asset sales, JioFiber, and New Commerce is chairman Mukesh Ambani’s prescription for RIL’s future growth
Ambani needs JioGigaFiber for next big revenue push
Jio’s tapering revenue growth and falling average revenue per user indicate that its competitors have caught up with its strategy. It needs a new story to justify its massive investment.
RIL’s new quest for partnerships
Be it to monetise assets or acquire new technology, Reliance Industries is more than willing to work with new partners across businesses.
