Reliance Industries Limited

The consolidated RIL revenue for the quarter was Rs 100,929 crore. Jio reported a 183 per cent rise in year-on-year net profit to Rs 2,520 crore for the quarter ending June.

New Delhi: Reliance India Limited (RIL) on Friday overtook ExxonMobil to become the world’s second most valuable energy company and...

Addressing the 43rd Annual General Meeting (AGM) of the company virtually, Ambani said, "We are delighted to welcome Google as a strategic investor in Jio Platforms.

Jio's vision is to enable a Digital India for 1.3 billion people and businesses across the country, including small merchants, micro-businesses and farmers so that all of them can enjoy the fruits of inclusive growth.

PIF’s investment will translate into a 2.32% equity stake in Jio Platforms on a fully diluted basis. With this investment, Jio Platforms has raised ₹ 115,693.95 crore from leading global investors including Facebook, Silver Lake, Vista Equity Partners, General Atlantic, KKR, Mubadala, ADIA, TPG and L Catterton, since April 2020.

Morgan Stanley acted as financial advisor to Reliance Industries and AZB & Partners and Davis Polk & Wardwell acted as legal counsels.

RIL’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and digital services.

The new messaging follows RIL's new positioning now as a technology and consumer company with Jio at the forefront of attracting marquee investors like Facebook.

Reliance Foundation (RF), the philanthropic arm of Reliance Industries Limited, aims to play a catalytic role in addressing the nation’s development challenges through innovative, scalable and sustainable solutions.

More than 50 per cent of Indian retail companies will be operating on AI by 2020, said PeopleStrong, a Software-as-a-Service (SaaS) HR technology and solutions company.