Reliance
RIL and Oberoi to co-manage three iconic hospitality projects
The properties include the upcoming Anant Vilas Hotel in Mumbai’s Bandra Kurla Complex (BKC), the iconic Stoke Park in the UK, and another planned project in Gujarat. Oberoi Hotels was voted the World’s Best Hotel Brand at the Travel + Leisure, USA World’s Best Awards, 2022.
QIA to invest Rs 8,278 crore in Reliance Retail for 0.99% equity stake
The investment values RRVL at a pre-money equity value of Rs 8.278 lakh crore.
QIA to invest Rs 8,278 crore in Reliance Retail for 0.99% equity stake
The investment values RRVL at a pre-money equity value of Rs 8.278 lakh crore.
Reliance accelerates progress on its Net Zero journey; achieves net reduction in air emissions despite growing energy consumption
The company has a continuous Emission Monitoring System (CEMS) that enables adherence to local standards for SOx, NOx, and TPM emissions.
RIL’s contribution to national exchequer crosses Rs 5 triliion in last three years
The company continues to be the largest taxpayer in India, contributing Rs 1,77,173 crore to the national exchequer by way of various direct and indirect taxes, mentioned the annual report.
Reliance hires 2.6L people in FY2022-23 as growth picks up
Reliance Group employed 2.62 lakh people in FY2022-23. Out of this, 1.8 lakh people joined in Retail, while 70,500 joined Jio.
Third year in a row RIL Chairman Mukesh Ambani draws no salary
In all these three years, Mukesh Ambani did not avail any allowances, perquisites, retiral benefits, commission or stock options from Reliance for his role as the Chairman and Managing Director.
Reliance continues to expand patents portfolio
Reliance spent over Rs 3,001 crore in FY23 towards R&D. This was 15 per cent higher than the R&D spending of Rs 2,608 crore in FY22.
Reliance Industries jumps 16 places in Fortune's Global 500; at number 88 maintains its numero uno position within India Inc
Reliance Industries improved its rank by 16 places to rank number 88 rank from its previous year's rank of 104. The company has gained a whopping 67 places in last two years from 155 of 2021. Thus, the company has gained 83 places in the Fortune Global 500 rankings in just two years.
Reliance, L&T lead Sensex surge
A 25 bp rate hike, already discounted by the market, will not trigger any market move. But if the Fed chief indicates that inflation is coming under control and, therefore, no further rate hikes are needed, that will be a big trigger for markets to move up. But such an outcome is highly unlikely since the Fed will play it safe even if inflation is coming under control, he added.
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