Reliance Industries’ Q2 profit at Rs 17,400 crore, revenue jumps to Rs 2.3 lakh crore
Reliance Industries’ net profit for the quarter ended September 2023 came in at Rs 17,394 crore.
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ADIA commits ₹4,966.80 crore investment in Reliance Retail Ventures Limited
Reliance Retail Ventures Limited (RRVL) has announced a significant financial boost with a ₹4,966.80 crore investment from a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA).
Tata Group & Nvidia form partnership to boost AI
Nvidia globally has a near-monopoly on the computing systems used to power services like ChatGPT, OpenAI's blockbuster generative AI chatbot.
Indian AI Industry to boom with Reliance & NVIDIA collaboration
Jio will manage and maintain the AI cloud infrastructure and oversee customer engagement and access.
Mukesh Ambani says next 10 years’ growth to outrun the growth seen in last 45 years
Mukesh Ambani, the chairman and managing director of Reliance Industries said that in the next 10 years, its growth will outrun the growth it has seen in the past years.
Highlights from RIL’s 46th AGM: Here’s what’s in store for the future
The article covers the key highlights and announcements from the 46th Annual General Meeting (AGM) of Reliance Industries Limited (RIL) held on August 28, 2023. Some of the major announcements include the launch of JioAir Fibre on September 19, 2023, Jio Financial Services’ foray into the insurance segment, and the induction of Isha, Anant, and Akash Ambani into the board of directors of Reliance Industries. The AGM was held just weeks after the listing of Jio Financial Services on India’s stock exchanges.
Reliance Retail launches JioBook (2023) laptop: An affordable learning partner for Indian consumers
JioBook offers advanced features, 4G connectivity, and JioOS to revolutionize learning and skill development
Jio Platforms net profit rises to Rs. 5,098 crore in Q1 amid 5G adoption
Jio has deployed over 1,15,000 sites with about 6,90,000 5G cells covering more than 90 percent of census towns.
RIL Q1 Results: Net profit drops 6% to Rs. 18,258 crore
The Mukesh Ambani-led company reported a 5.31 percent YoY fall in its consolidated income from operations to Rs 2,10,831 crore from Rs 2,22,664 crore in the same period last year. Analysts anticipated a 2–8% YoY decline in sales for the corporation with its headquarters in Mumbai.
Alia Bhatt’s kidswear company Ed-a-Mamma is likely to be purchased by Reliance for ₹300-350 Cr
Reliance's children's apparel portfolio, which is expanding quickly in the nation and already comprises Trends and Indian rights to Mothercare, would be strengthened by the transaction.
RIL shares surge over 4% hitting 52-week high on demerger announcement
Demerger of financial services arm expected to unlock value for RIL shareholders
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