Mumbai: Reliance Industries Limited (“RIL”), Viacom 18 Media Private Limited (“Viacom18”) and The Walt Disney Company (NYSE:DIS) ( “Disney”) today announced that following the approval by the Hon’ble NCLT Mumbai, Competition Commission of India and other regulatory authorities, the merger of the media and JioCinema businesses of Viacom18 into Star India Private Limited (“SIPL”) has become effective (the “JV”). In addition, RIL has invested ₹ 11,500 crore (~US$ 1.4 billi...Read More

Mumbai, October 21, 2024: AZORTE, a premium fashion and lifestyle brand under Reliance Retail, has launched its Fall Festive campaign, showcasing a stunning new collection set against the picturesque backdrop of London. As part of its expansion strategy, AZORTE has opened 12 new stores in cities such as Jaipur, Udaipur, Raipur, Dehradun, Gorakhpur, Ranchi, and two additional stores in Bangalore, bringing the total to five in that city. This expansion marks a significant step for the brand in ...Read More

Jamnagar: Mukesh Ambani, MD and Chairperson of Reliance Industries Limited, while addressing the 47th Annual General Meeting today, announced that by the end of this year, the company will commence production of its own solar photovoltaic (PV) modules. Giving an update on the progress of Reliance's New Energy business, Ambani said, "Spearheaded by our dynamic team of technologists and agro scientists, we are also establishing the world's largest bioenergy deep-tech R&D centre at Jamnagar,...Read More

Mumbai: Reliance Industries Ltd (RIL) saw an 11.5 percent rise in revenue, reaching ₹2.58 lakh crore for the fiscal first quarter (April-June) compared to the same period last year, driven by contributions from various segments. Consolidated EBITDA (earnings before interest, taxes, depreciation, and amortization) increased by 2 percent year-over-year to ₹42,748 crore. However, the company's net profit (before minority interests) for the quarter ending June 30 fell by 4.5 percent to ₹17,...Read More

Gurugram: Model Economic Township Limited (METL), a 100 percent subsidiary of Reliance Industries Limited today announced that it welcomed its first German customer ‘BEUMER India’ to its integrated greenfield Smart City, MET City at Jhajjar, Haryana. With the arrival of BEUMER India in MET City, the MET City family has expanded to 570+ companies from 10 countries. BEUMER India did their ground-breaking and stone laying ceremony at MET City for its new manufacturing plant today. "This ceremo...Read More

Bengaluru: Strand Life Sciences, a subsidiary of Reliance Industries Ltd., and a leading global provider of genomic and bioinformatic solutions, announced its prenatal screening and diagnostics portfolio with two breakthrough technologies: CNSeq (for identification of aneuploidies and copy number variations) and MaatriSeq (Non-Invasive Prenatal Screening).  These innovations are tailored to the specific needs of the Indian community, offering efficiency, cost-effectiveness, and accuracy. CNSeq...Read More

Mumbai: Reliance Industries Ltd (RIL) today announced the results for Q4 FY2023-24, with a 0.1 percent surge in net profit, reaching Rs 21,243 crore for the fiscal fourth quarter compared to the same period last year. Annual revenue at Reliance Industries increased by 2.6 percent to Rs 10 lakh crore, supported by expansions in consumer and upstream sectors, which counterbalanced a decrease in oil-to-chemicals (O2C) revenues due to a 13.5% year-over-year decrease in average Brent crude prices....Read More

Gurugram: Model Economic Township Limited (MET City), a 100% subsidiary of Reliance Industries Limited, witnessed a remarkable growth of 60% in the completed fiscal year of 2023-24. The total number of plots booked in the financial year were 1079 across all segments, resulting in achieving a total booking value of INR 1913 crore for the financial year, which is almost 60% higher than the previous financial year. The above growth demonstrated impressive performance achieving significant milesto...Read More

Gir: Reliance Industries Ltd (RIL), in association with the Forest Department of Government of Gujarat, has completed construction of parapets around 1534 open wells in Gir Protected Area. This initiative aims at safeguarding the animals of the wilderness, particularly the Asiatic Lion, the pride of Gujarat and India from injuries and death. RIL had entered into a Memorandum of Understanding with the Forest Department of Government of Gujarat in June 2021 for construction of parapet walls aro...Read More

Gurugram: MET City, a wholly-owned subsidiary of Reliance Industries Limited, became home to Saab´s first manufacturing facility of the famous Carl-Gustaf Weapon System in India. It is a significant development for India in becoming Aatmanirbhar in defence manufacturing as this will be India’s first 100% FDI in defence, thus starting a new chapter in making India self-reliant in key defence technologies. Saab is a Swedish defence major and has wide array of defence products and their relation...Read More