#RelianceIndustries Ltd (RIL) has secured an additional credit line of $2 billion from 18 banks after obtaining a $3 billion from 55 banks last week.

https://www.livemint.com/companies/news/ril-secures-2-bn-additional-loan-11680632456307.html

Rating agency S&P Global affirmed the ‘BBB+’ rating on #RelianceIndustries with a stable outlook.

https://www.livemint.com/companies/news/sp-global-affirms-reliance-industries-bbb-rating-outlook-stable-11685604975208.html

Interbrand, renowned global brand consultancy, Thursday said #TataConsultancyServices and #RelianceIndustries have topped the list of most valuable brands in the country.



Read here: https://www.livemint.com/companies/news/reliance-jio-among-top-5-best-indian-brands-2023-ranking-11685633488017.html

Hurun India's 2022 Burgundy Private Hurun India 500 list has placed Mukesh Ambani's #RelianceIndustries Ltd at the top, marking it as the most valuable private company in India.

The report also noted that Tata Consultancy Services (#TCS), & #HDFCBank took second and third place in the list.

Read here: https://www.livemint.com/companies/news/hurun-report-2022-reliance-tops-list-of-most-valuable-private-sector-companies-followed-by-tcs-hdfc-bank-11687340608494.html

#RelianceIndustries has set #JioFinancialServices demerger record date on 20th July 2023, just one day ahead of the RIL Q1 results 2023 for FY24.

https://www.livemint.com/market/stock-market-news/jio-financial-services-demerger-next-week-why-you-should-buy-reliance-shares-before-jfsl-record-date-11689392253604.html

#JFSL demerger from #RelianceIndustries aims to attract a different set of investors and partners and eventually expand into insurance, payments, digital broking and asset management.

https://www.livemint.com/market/stock-market-news/reliancejfsl-demerger-what-is-the-demerged-jio-financial-services-explained-11689832784252.html

#RelianceIndustries Ltd (RIL) has signed a Memorandum of Understanding with Brookfield for onshore renewable power and decarbonization equipment manufacturing in Australia.

https://www.livemint.com/companies/news/reliance-signs-mou-with-brookfield-for-renewable-power-equipment-manufacturing-in-australia-11690859186926.html

#FortuneGlobal500 list has been released and eight Indian companies have been featured in the list.

Notably, billionaire Mukesh Ambani's #RelianceIndustries has maintained its high rank, furthering another sixteen places. Reliance Industries is now ranked at number 88.

Read here: https://www.livemint.com/companies/news/fortune-global-500-reliance-jumps-16-places-lic-slips-9-details-on-8-indian-companies-featured-on-list-11691068414735.html

#MintCharts| India’s biggest lender, #StateBankOfIndia, has replaced #RelianceIndustries as the most profitable company in the first quarter of the current financial year.

#RelianceRetail Ventures Limited announced today that Qatar Investment Authority, through a wholly-owned subsidiary, will invest ₹ 8,278 crore into RRVL, a subsidiary of #RelianceIndustries Limited.

Read here: https://www.livemint.com/companies/news/qatar-investment-authority-to-invest-rs-8-278-crore-in-reliance-retail-ventures-to-get-equity-stake-of-099-11692787913193.html

#NitaAmbani to step down from the Reliance Board – to continue as Chairperson of Reliance Foundation.

#RelianceIndustries Ltd said it has appointed Isha Ambani, Akash Ambani and Anant Ambani as directors to the board of the oil-to-telecoms.

Read here: https://www.livemint.com/companies/people/nita-ambani-to-step-down-from-the-reliance-board-to-continue-as-chairperson-of-reliance-foundation-11693212607917.html

A week after announcing a collaboration with billionaire #RelianceIndustries & #TataGroup, US-based chipmaker #NVIDIA is all set to collaborate with IT major #Infosys.

NVIDIA is planning to help enterprises drive productivity gains with generative AI applications and solutions with this latest collaboration.

Read more: https://www.livemint.com/companies/news/after-reliance-and-tata-group-nvidia-to-collaborate-with-infosys-to-help-firms-with-generative-ai-11695211147675.html

#MukeshAmbani, chairman of #RelianceIndustries, has reclaimed the title of the richest Indian, surpassing #AdaniGroup chairman #GautamAdani, who experienced a substantial decline in wealth due to the Hindenburg Research report, as per #HurunIndiaRichList2023

Read more: https://www.livemint.com/companies/mukesh-ambani-now-richest-indian-on-hurun-list-beats-gautam-adani-to-top-spot-11696925482954.html

Mukesh Ambani's #RelianceIndustries (RIL) is in talks to acquire a 29.8% stake in #TataPlay, the satellite TV and streaming service currently owned by Walt Disney.

Read more: https://www.read.ht/RxbQ

In a significant step towards the development of indigenous #AI in India, the BharatGPT group backed by #MukeshAmbani’s #RelianceIndustries and top engineering schools in the country aims to launch its first #ChatGPT-style service next month.

Read here: https://www.read.ht/SBMm

#RelianceIndustries Ltd & The Walt Disney Co. have agreed to form a joint venture combining the businesses of RIL's Viacom18 Media and Disney's Star India, forming a dominant media company in one of the world's fastest-expanding entertainment sectors.

Read here: https://www.read.ht/SGBt

#RelianceIndustries is in preliminary discussions with British fashion retailer #Primark to introduce the brand to the Indian market, as per a report.

This potential move would position Reliance against competitors such as Tata's Zudio, Max from Landmark Group & Shoppers Stop's new value format InTune.

Read here: https://www.read.ht/SGWO

Mukesh Ambani-led #RelianceIndustries (RIL) has agreed to purchase #ParamountGlobal's entire 13.01% share in Viacom18 Media for around $517 million (₹42.86 billion), the company has informed as per US regulatory filings.

Read here: https://www.read.ht/SOEj

Last week, nine of the top ten most-valued firms collectively gained ₹1,85,320.49 crore in market valuation, with #RelianceIndustries Ltd and #HDFCBank leading the surge, reflecting a broader rally in equities.

https://www.livemint.com/market/stock-market-news/stocks-to-buy-tata-motors-l-t-among-9-stocks-that-may-give-double-digit-returns-in-the-short-term-say-analysts-11716699996188.html?utm_source=Social_media&utm_medium=Growth_Team&utm_campaign=Social_Media_all

#MukeshAmbani's #RelianceIndustries and #TataGroup have once again secured spots on #TIME magazine's esteemed list of the 100 World's Most Influential Companies for 2024.

Check the list 👇

https://www.read.ht/SbIO