 "Candytoy Corporate partners with Reliance Retail, expanding candy toy supply to 1,400 stores, poised for rapid growth and potential IPO.")
Candytoy Corporate, a prominent manufacturer of candy toys based in Indore, has teamed up with Reliance Retail to supply confectionery toys across 1,400 of its stores. The partnership, recently initiated, aims to have at least 200 stores operational by Diwali, generating a revenue run rate of Rs 2 crore per month. The company specializes in ...
 "Reliance Power plans to raise ₹1,524.60 crore through a preferential issue, bolstering its net worth and expanding operations.")
Reliance Power is looking to raise Rs 1,524.60 crore through a preferential issue, pending shareholder approval. The company plans to issue up to 46.20 crore equity shares and convertible warrants at Rs 33 each. This move aims to boost its net worth from Rs 11,155 crore to over Rs 12,680 crore. The board’s decision, made ...
 "The NCLAT dismissed the state tax department’s dues claim against Reliance Communications, upholding an earlier ruling amid insolvency proceedings.")
The National Company Law Appellate Tribunal (NCLAT) has dismissed a petition from the state tax department seeking dues from Reliance Communications (RCom). The appeal was based on claims made after RCom entered the corporate insolvency resolution process in June 2019. The NCLAT upheld an earlier decision by the Mumbai bench of the National Company Law ...
 "Reliance Power clinches a groundbreaking 500 MW battery storage contract, revolutionizing India’s renewable energy landscape and setting competitive tariff benchmarks.")
Reliance Power has made a significant move into the renewable energy and storage sector by securing a 500 MW battery storage contract through an auction organized by the Solar Energy Corporation of India. The e-reverse auction, held on September 11, 2024, aims to boost the country’s energy storage capabilities. Reliance Power’s bid features one of ...
 "Reliance Triumphs in EV Battery Production Bid, Boosting India’s Green Future")
Reliance Industries has won a bid to produce electric vehicle (EV) batteries under India’s production-linked incentive scheme. The government announced this on September 4, 2024. Reliance can manufacture up to 10 gigawatts of advanced chemistry cells (ACCs), which are essential for EVs. They outperformed six competitors, including Amara Raja Energy and JSW Energy. This initiative ...
 "Delays Threaten IIHL’s Acquisition of Reliance Capital Amid Regulatory Hurdles")
Lenders to Reliance Capital Ltd have accused IndusInd International Holdings Ltd (IIHL) of delaying the resolution plan for the struggling financial firm. IIHL, which was approved to acquire Reliance Capital with a Rs 9,861-crore plan, has yet to receive necessary approval from the Department of Industrial Policy and Promotion (DIPP). This approval is needed because ...
 "Epic Media Merger: Reliance and Disney Forge India’s Entertainment Powerhouse!")
Reliance Industries has received approval from the National Company Law Tribunal (NCLT) for its merger with Star India, creating India’s largest media entity valued at over Rs 70,000 crore. This approval follows the Competition Commission of India’s green light for the deal, which combines media assets from Reliance and The Walt Disney Company. Reliance will ...
 "Ambani Unveils Bold AI Vision at Reliance AGM 2024: A Tech Revolution")
At the 47th annual general meeting of Reliance Industries, Mukesh Ambani shared exciting plans for the company’s future as a technology leader. Key highlights included the launch of Jio Brain, a suite of AI tools aimed at enhancing decision-making and customer insights. He announced the establishment of a national AI infrastructure, featuring large-scale data centers ...
 "Reliance Aims for Double Growth by FY28 Amid Mixed Analyst Sentiments")
At Reliance Industries’ 47th Annual General Meeting, Chairman Mukesh Ambani announced ambitious plans to double the company’s size by FY28. Despite this, analysts remain cautiously optimistic, noting that the stock price reflects much of the good news already. The company is focusing on advancements in artificial intelligence for Reliance Jio and using deep-tech initiatives to ...
 "In a riveting update at the 47th AGM, Reliance Industries Chairman Mukesh Ambani announced that Reliance Jio has ascended to unparalleled heights, becoming the world’s largest data network while catalyzing India’s transformation into the largest data market globally. With the triumphant completion of its nationwide 5G rollout, the telco now boasts over 130 million 5G users, eyeing massive growth in home broadband services targeting 1 million new customers monthly. As 5G adoption soars, Jio’s strategic position to absorb 200 million 2G users opens new vistas, solidifying its dominance in the digital era.")
Reliance Jio has become the world’s largest data company, handling 8% of the global internet traffic according to Chairman Mukesh Ambani. This achievement highlights Jio’s rapid growth and its pivotal role in enhancing digital connectivity on a global scale. Read more to find out how Jio is transforming the data landscape and what this means ...
