Paramount in Talks to Sell India TV Stake to Ambani’s Reliance

Paramount Global is in discussions to sell its stake in its media joint venture in India to Mukesh Ambani’s Reliance Industries Ltd., according to people familiar with the matter, as Asia’s richest man continues to consolidate his clout in one of the world’s fastest-growing entertainment markets. The New York-based media company has been in advanced … Read more

Reliance, Disney announce mega merger of India media operations

After months of speculation, the mega merger has been officially announced. Key points to note – Reliance Industries (RIL), Viacom 18 Media Private Ltd, and The Walt Disney Company (Disney) have signed binding definitive agreements to form a joint venture (JV) which will combine the businesses of Viacom18 and Star India. Viacom 18 is majorly … Read more

Reliance Industries set to commission energy complex this year

Reliance Industries is preparing to commission the Dhirubhai Ambani Green Energy Giga Complex, a 5,000-acre manufacturing facility for renewable energy-related products, in Jamnagar in the second half of 2024, its chairman and managing director Mukesh Ambani said on Wednesday. Addressing the Vibrant Gujarat Summit, the western state’s flagship investment conclave, in Gandhinagar, Ambani said that … Read more

Reliance showcases swappable, multipurpose EV batteries

Reliance in recent years has announced big ambitions in the renewable space. In continuation of the same, it has now showcased it’s swappable and multipurpose battery storage technology for electric vehicles (EVs). As part of the plan, RIL has developed a removable lithium-ion battery that can power an electric scooter, electric three-wheeler and a light … Read more

Reliance AGM today: What to expect

The 46th Annual General Meeting (AGM) of Reliance Industries Limited (RIL) is being held on Monday. The RIL AGM is a major event for the Indian business community. The announcements made at the meeting could have a significant impact on the Indian economy. Investors are therefore eagerly awaiting the meeting to hear what Mukesh Ambani … Read more

Reliance Retail targets fund raise through InvIT

Reliance (RIL) is doing everything that one could possible imagine. Whether it’s fund raises or businesses, it’s everywhere. Now it’s subsidiary Reliance Retail Ventures (RRVL) has filed a document with SEBI to raise funds through the InvIT route. (This is the fourth InvIT from Reliance following it’s infrastructure trusts in gas pipelines, Jio telecom towers … Read more

Reliance Retail raises money from QIA at double the valuation in 3 yrs

Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries (RIL) has announced raising Rs 8,278 cr from Qatar Investment Authority (QIA). Investment is raised at a pre-money equity valuation of Rs 8.278 lakh crore QIA will get 0.99% stake in RRVL on a fully diluted basis This fund raise effectively doubles RRVL’s valuation in … Read more

Reliance launches beauty business with omnichannel strategy

Reliance is unstoppable for now. It’s launching/ acquiring/ partnering businesses across segments and industries. As part of it’s retail expansion strategy, the subsidiary Reliance Retail Ventures Limited (RRVL) has now entered into the beauty segment. Launched with an Omnichannel strategy combining both the online and offline route Tira website and app for ecommerce 1st physical … Read more