Tag: Reliance
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What we thought of Star India valuation was all wrong. Well, mostly
[ad_1] On 28 February, Reliance, its step-down subsidiary Viacom18 Media and Disney agreed to combine the businesses of Viacom18 and Star India, valuing them at $3.9 billion and $3.12 billion respectively. Multiple media reports and pundits pointed out that Disney had taken a steep haircut, as Star India, when Disney bought it from Rupert Murdoch…
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Meet Isha Ambani’s ‘right hand’, was hired when she was 15 years old, helps to run Rs 830000 crore firm, his salary…
[ad_1] Mukesh Ambani named Isha Ambani as leader of Reliance Retail in August 2022 and the young businesswoman has brought several international brands to India since then. Mukesh Ambani is currently the richest man in India and in Asia with a massive net worth of Rs 947700 crore. The billionaire is the chairman of Reliance…
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Reliance Power Q3 net loss widens to Rs 1,136.75 crore – Times of India
[ad_1] Reliance Power Ltd on Saturday reported widening of its consolidated net loss to Rs 1,136.75 crore during the quarter ended December 2023, due to increased expenses. It had posted a net loss of Rs 291.54 crore during the October-December period of preceding 2022-23 financial year, the company said in an exchange filing. The company’s…
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Jio Financial Services Q3 results: Net profit down 56% to Rs 294 crore
[ad_1] Reliance Industries-owned Jio Financial Services on Monday reported a net profit of Rs 293.82 crore for the Oct-Dec quarter on a consolidated basis, a drop of 56 per cent from the July-Sep quarter, due to a fall in income and a rise in expenses. The company’s total income fell by 31.86 per cent…
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NCLT approves resolution plan for Reliance Communications Infrastructure
[ad_1] Reliance Communications Infrastructure Ltd is a wholly-owned subsidiary of Reliance Communications The National Company Law Tribunal (NCLT) has approved the resolution plan for Reliance Communications Infrastructure Limited (RCIL), a subsidiary of bankrupt Reliance Communications Limited, said the company. “A resolution plan submitted by a resolution applicant, Reliance Projects and Property Management Services…
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Musk gets an edge over Ambani in Centre’s satellite internet battle
[ad_1] India’s satellite broadband service market is expected to grow 36% a year to reach $1.9 billion by 2030. India has proposed a licensing approach to assigning spectrum for satellite internet services and exempt companies from having to bid for it, a win for Elon Musk’s venture Starlink which has lobbied hard against any…
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M-cap of 4 of 10 valued firms rise Rs 65,671 cr; Reliance biggest winner
[ad_1] The combined market valuation of four of the top-10 most-valued firms climbed Rs 65,671.35 crore last week, with Reliance Industries emerging as the biggest gainer. Last week, the BSE benchmark climbed 175.31 points, or 0.26 per cent. While Reliance Industries, HDFC Bank, ICICI Bank, and Bharti Airtel were the gainers, Tata…
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Reliance Industries Considers Record $1.8 Billion Bond Sale
[ad_1] The transaction, if it concludes, would be the biggest rupee sale ever for Reliance. Mukesh Ambani’s Reliance Industries Ltd. is considering raising as much as 150 billion rupees ($1.8 billion) via the sale of local-currency bonds, according to people familiar with the matter who asked not to be identified because the matter is private.…