[ad_1] MUMBAI: Jio Financial Services, part of billionaire Mukesh Ambani-led Reliance Group, and US based BlackRock Inc will form a 50:50 joint venture to launch asset management services in India. The two companies are targeting an initial investment of $150 million each in the joint venture, Jio Financial said in a release on Wednesday.The announcement … Read more
[ad_1] Success Story: Three years after Dhirubhai Ambani’s death, the Reliance empire was divided into Mukesh-led Reliance Industries Limited and Anil-led Reliance Anil Dhirubhai Ambani Group (ADA). This was the result of a severe public conflict between the Ambani brothers. But Time and tide wait for none. Anil Ambani declared bankruptcy in 2020 and claimed … Read more
[ad_1] The net profit was also lower quarter-on-quarter when compared with record Rs 19,299 crore earnings in the preceding three months ended March 31. [ad_2] Source link
[ad_1] MUMBAI: Reliance Industries Ltd’s financial services unit was valued at about $20 billion after a special session conducted by exchanges to discover its trading value. Jio Financial Services Ltd was priced at Rs 261.85 ($3.19) apiece based on the difference between Reliance’s stock price at Wednesday’s close and trading at 10:00am Thursday in Mumbai … Read more
[ad_1] MUMBAI: The financial services business of India’s Reliance Industries will be valued at Rs 160-190 per share, according to estimates by five analysts, with the impending demerger boosting the stock price of the country’s most valuable company.Reliance Strategic Investments Ltd – to be renamed Jio Financial Services (JFS) Ltd – will be demerged on … Read more
[ad_1] Reliance Brands, run by Mukesh and Isha Ambani and a division of Reliance Retail Ventures, is in the process of purchasing the children’s clothing line Ed-a-Mamma from legendary Bollywood actress Alia Bhatt. According to a report by The Economic Times, the Ambanis intend to purchase Alia Bhatt’s brand in a hefty deal worth between … Read more
[ad_1] MUMBAI: Reliance Strategic Investments (RSI), to be known as Jio Financial Services in the future, has announced that Isha Ambani, daughter of Reliance Industries (RIL) chairman Mukesh Ambani, will join its board as a non-executive director.The announcement comes ahead of RIL merging its financial services business with RSI and subsequently listing the latter on … Read more
[ad_1] NEW DELHI: Billionaire Mukesh Ambnai’s daughter Isha and former CAG Rajiv Mehrishi are among the directors appointed on the board of demerged financial services unit of Reliance Industries Ltd, the company said on Saturday.Reliance had previously announced plans to demerge its financial services undertaking into Reliance Strategic Investments Limited (RSIL) and rename and list … Read more
[ad_1] New Delhi: Mrs. Nita Ambani, the Founder & Chairperson of Reliance Foundation, graced the prestigious State dinner hosted by U.S. President Joe Biden in honor of Indian Prime Minister Narendra Modi. Dressed in an exquisite handwoven Banarasi brocade, Mrs. Ambani showcased the rich cultural heritage of Varanasi, the sacred land renowned for its artistry. By … Read more
[ad_1] Last Updated: June 13, 2023, 20:43 IST File photo of Reliance Industries Chairman Mukesh Ambani.(Image: News18) The Global 2000 ranks the largest companies in the world using four metrics: sales, profits, assets, and market value, Forbes said while releasing the 2023 ranking of the world’s top 2,000 companies Billionaire Mukesh Ambani’s Reliance Industries Ltd … Read more