Reliance
RIL Head Mukesh Ambani Gives Up Rs 24 Crore in Salary For Fifth Year In A Row
Chairman and Managing Director of the country’s biggest private sector entity Reliance Industries Limited (RIL), Mukesh Ambani is setting an example for moderation in managerial compensation levels. He has kept his annual salary at Rs 15 crore , foregoing Rs 24 crore from the remuneration approved for him by shareholders.
Ambani has not deviated from this [...]
RIL’s Digital Arm To be Expanded in Tier-1 and Tier-2 Cities
Reliance Industries Limited (RIL)’s retail business arm, Reliance Retail will execute further expansion of its digital format stores in Tier -1 and Tier- 2 cities across the country. Mukesh Ambani led RIL is considering the digital sector as one of its prime contributing factors for the growth verticals of its retails business. Reliance Retail had [...]
Reliance Jio Infocomm Zeroes Down on Key Pacts For its 4G Services
Reliance Jio Infocomm, the telecom arm of Reliance Industries Limited (RIL) has cleared its mode of operation by finalizing on the key pacts that will drive the company once 4G services are rolled out all over the country. It has decided on the key agreements with its technology partners and device manufacturers prior to the [...]
KG-D6 Basins To Get A Boost Of $5 bn From RIL
Mukesh Ambani led Reliance Industries Limited (RIL ) is going to invest $5 billion for the development of the oil and gas fields in KG-D6 blocks located near Bay of Bengal.
This investment will be used by a series of projects that will cumulatively result in higher output of natural gas and oil from these basins. [...]
Reliance Jio Infocomm and Nimbuzz : Set to Transform the Messaging Platform
Mukesh Ambani led Reliance Jio Infocomm is gearing up for its launch by the end of this year. To make this launch smoother and faster, Reliance Jio Infocomm is striking deals for infrastructural benefits at a stupendous speed. The recent one is with Nimbuzz – the messaging platform on mobiles. This messaging platform of Nimbuzz [...]
Reliance Jio Infocomm, Vodafone and five others bunch up to build undersea cable system
Vodafone Group Plc and Reliance Jio Infocomm have formed a consortium along with a group of telecom carriers to set up an undersea cable system to connect Southeast Asia with the Middle East, across the Indian Ocean.
This 8,000-km-long Bay of Bengal Gateway (BBG) undersea cable system will also have connections that would reach out to [...]
Reliance Jio Infocomm to Achieve Complete Connectivity by Signing Another Deal
The launch preparations of 4G services (high speed and voice services over fourth generation telecom networks) by Reliance Industries Limited (RIL) are in full throttle. Mukesh Ambani led Reliance Jio Infocom will sign an intra circle fibre pact with Reliance Communications. This pact will inundate RIL with complete connectivity in larger cities.
Under this pact, RIL [...]
Reliance JioInfocomm set to join hands with Bharti Airtel
Reliance Industries Limited(RIL) is leaving no stone unturned for the launch of its 4G services under the brand- Reliance JioInfocomm. This yet to be launched high speed and voice services over fourth generation telecom networks led by Mukesh Ambani is already setting new trends. Reliance JioInfocomm has inked a pact with BhartiAirtel to use [...]
Mukesh Ambani’s Z Category Completely Justified
The government’s decision to offer Z category security cover to industrialist Mukesh Ambani is completely justified. While there has been a fair bit of criticism in the media over the decision, the government has chosen to defend its stand stating that the threat perception is very real.
Congress spokesperson Manish Tewari was also quoted as [...]
Mukesh Ambani‘s RIL sees 32% rise in Profit
The fourth quarter ended on a good note for MukeshAmbani as Reliance Industries Limited (RIL) saw a rise of 32 percent in its net profit. Being strongly backed by strong margins in oil refining business, this net profit jump is highest as compared to past three years.
RIL has reported a growth of 4.8 percent in [...]
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