Reliance
Punit Goenka questions Invesco's silence on merger proposal with Reliance
The statement talks about a merger proposal brought forward by Invesco in February involving Reliance Industries, which was rejected by him as it would have resulted in loss of shareholder value to the tune of Rs 10,000 crore. "During my briefing to the Board, I emphasised on the points pertaining to the proposal from Invesco."
Reliance Industries tops India Inc in World's Best Employer rankings 2021
Reliance Industries was placed at 52 in the overall ranking of 750 global corporates ahead of well-known names like Phillips, Sanofi, Pfizer, and Intel. Behind Reliance, the other Indian names in the top 100 rankings were ICICI Bank at 65, HDFC Bank at 77 and HCL Technologies at 90.
Freiburg (Germany)
The investment by Reliance will accelerate product and technology development for NexWafe, including completion of the commercial development of NexWafe's solar photovoltaic products on prototype lines in Freiburg. Its patented technology is expected to drastically cut wafer production costs, making solar photovoltaics the lowest-cost form of renewable energy available.
Reliance New Energy Solar to acquire 40% stake in Sterling & Wilson Solar
The transactions involve preferential allotment of 2.93 crore equity shares (equivalent to 15.46 per cent post preferential share capital) at a price of Rs 375 per share. The transaction will also involve acquisition of 1.84 crore equity shares by RNESL from SPCPL (equivalent to 9.70 per cent post preferential share capital) at a price of Rs 375 per share.
Reliance New Energy Solar acquires REC Solar Holdings for $771 mn
REC's Alpha and Alpha Pure range of solar modules are recognized as among industry leaders in efficiency, reliability and long guaranteed life. The heterojunction (HJT) technology used by REC helps its modules surpass the performance of other commonly used technologies in the industry.
Reliance Retail to launch 7-Eleven convenience stores in India
The first 7-Eleven store is set to open on Saturday in Andheri East, Mumbai. This will be followed by a rollout in key neighborhoods and commercial areas across the Greater Mumbai cluster to start with. With the launch of the 7-Eleven stores, RRVL proposes to offer a superior shopping experience and compelling value proposition for Indian customers.
Silicon, hydrogen to emerge as 'New Oil' for RIL
The strategy is to provide supporting infrastructure in areas of hydrogen, integrated solar PV and grid batteries – all areas with high entry barriers, technological advances and good returns. It plans to create four gigafactories with a $12 billion investment, offering the entire spectrum of renewable/distributed energy solutions, as it capitalises on India's quartz and silicon resources.
Silicon, hydrogen to emerge as 'New Oil' for RIL
The strategy is to provide supporting infrastructure in areas of hydrogen, integrated solar PV and grid batteries – all areas with high entry barriers, technological advances and good returns. It plans to create four gigafactories with a $12 billion investment, offering the entire spectrum of renewable/distributed energy solutions, as it capitalises on India's quartz and silicon resources.
Appointment of Yasir Al Rumayyan has no connection with the contemplated transaction with Saudi Aramco: RIL
RIL has been and shall continue to adhere to the best practices of Corporate Governance in all matters including appointment of independent directors, the company said in a communication to proxy advisory firms.
NCLT clears decks for transfer of Future Group retail assets to Reliance Retail
NCLT dismissed Amazon's application on the ground that it is premature and there's no prejudice caused in the conduct of shareholders and creditors meeting to consider the Scheme since it will open Amazon for raising objections when the Scheme is filed for final approval by NCLT after the shareholders and creditors give the go ahead.
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