Reliance
Gautam Adani surpasses Mukesh Ambani to become Asia’s richest person
Indian billionaire Gautam Adani of the Adani Group on Monday overtook Mukesh Ambani as Asia’s richest man with a net worth of USD88.5 billion, as per the Bloomberg Billionaires Index. Gautam Adani, 59, added around USD12 billion to his net worth this year thereby overtaking Mukesh Ambani, whose net worth currently stands at USD87.9 billion.
RIL-ACRE seeks CCI nod to buy Sintex Industries under insolvency proceedings
According to a report, RIL and ACRE have made bid to acquire Sintex Industries which is under insolvency proceedings. The report said that an approval from CCI is required before the resolution plan can receive the lenders' nod. At present, RIL, ARES Capital-backed ACRE, Welspun Group company Easygo Textiles, Trident, Himatsingka Ventures and GHFC have shown interest in Sintex Industries.
Reliance vs DMRC: SC says where is question of negotiation, compelling for a compromise
A bench comprising Justices L. Nageswara Rao and B.R. Gavai asked the DMRC and the DAMEPL to appear before Delhi High Court on January 31 and request it for hearing the dispute relating to execution of the over Rs 7,000 crore arbitral award in favour of DAMEPL at the earliest. Senior advocate Mukul Rohatgi, representing DAMEPL, submitted that there is no defence after the top court has upheld the order. He said: "Let them deposit the money.
Dunzo raises $240 mn led by Reliance Retail Ventures to expand business
The freshly raised funds will be used in enabling instant delivery of essentials from a network of micro warehouses while also expanding its 'B2B' business vertical to enable logistics for the local merchants. Currently, Dunzo is available across seven metro cities in India and the additional capital will be used to expand its business to 15 cities. The investment was led by Reliance Retail Ventures, with participation from existing investors Lightbox, Lightrock, 3L Capital and Alteria Capital.
RIL's largest ever foreign currency bond issuance from India
The Notes were nearly 3 times oversubscribed with a peak orderbook aggregating $11.5 billion and were priced through RIL's secondary curve. The Notes have been priced at 120 basis points, 160 basis points and 170 basis points over the respective US Treasuries benchmark. RIL has joined a select group of issuers from Asia to have made jumbo bond issuances. Interest on the Notes will be payable semi-annually in arrears and the Notes shall rank pari passu with all other unsecured and unsubordinated obligations of RIL.
Reliance Industries succession plan: For the first time, Mukesh Ambani opens up on who will get the command
Ambani also said that he has full faith in his three children. Praising the level of their passion and commitment, Mukesh Ambani said that will take the company to even greater heights. Ambani's children- Akash, Isha, and Anant- have been involved in RIL’s telecom, retail and energy businesses. They are not yet part of the board of RIL but are directors of the company's major arms.
I would like Reliance's story to be told in the book which has no final chapter: Mukesh Ambani
Speaking at the Reliance Family Day event, Ambani shared imperatives or must-dos that all at Reliance must embrace and make it a way of life. "We must never become complacent of what we have achieved in the past. Companies that become laid-back because of their previous achievements become footnotes in a history book.
Reliance not wrong in demanding rightful claim from DMRC
On September 9, Reliance Infrastructure Ltd won a four-year-long drawn battle for control of money from the arbitration award. The Supreme Court dismissed a plea by the DMRC challenging an arbitration award in favour of Reliance Group, following a dispute on running of Delhi Airport Express Metro line. In another jolt to the DMRC, on November 23, the top court junked its review petition against the September order.
Reliance tops Wizikey's News Score 2021 ranking
The recognition comes on the back of Exchange4Media Group's recognition recently to Reliance as one of India's Brands with Best In-house Communications Professionals 2021. Role of a vibrant and savvy Corporate Communications team is extremely important in ensuring media visibility for any company.
RIL biggest wealth creator in India, Adani Transmission fastest: Study
India's financial sector has emerged as the top value creator between 2016 and 2021 and it will continue to dominate wealth creation for quite some in the near future as well, Motilal Oswal Financial Services has said in its 26th Annual Wealth Creation Study 2021.
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