$15 billion RIL-Aramco deal cancelled
Both parties to the mega acquisition plan will now look for broader areas of cooperation.
saudi aramco
November 2021
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Reliance gets a new-look growth engine
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.
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.
RIL’s credit rating could be upgraded
Facebook’s $5.7-billion investment in RIL’s subsidiary will help both companies monetise their digital platforms; it will also aid in deleveraging RIL’s balance sheet, says Fitch Ratings.
RIL-Facebook deal lifts markets
RIL closed 10% higher, and contributed over 51% and 43% in the points gained by the Sensex and the Nifty 50.
The importance of the BPCL stake sale
BPCL’s strategic sale goes much beyond the money that will flow into the government’s coffers, because it will be India’s biggest fuel market reform since 2002.
Reliance Industries: ₹10 lakh crore and counting
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.
RIL sails in a sulking market
The Mukesh Ambani-led firm gains 9.72% a day after its AGM, while the benchmark Sensex plunges nearly 700 points
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
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.
