Reliance Industries Ltd tops domestic market capitalisation chart

Reliance Industries Ltd topped the domestic market capitalisation chart with Rs. 9,42,422.58 crore. It is followed by TCS, HDFC Bank, Hindustan Unilever Ltd and HDFC. Recently, eight of the 10 most valued Indian companies together added Rs. 1.09 trillion to ..

HDFC Bank crosses USD 100 billion M-Cap

India’s largest by assets-private sector lender, HDFC Bank Limited becomes the third Indian Company to cross the USD 100 billion market capitalization (M-Cap). With this, HDFC Bank Ltd has become the 110th most valued firm in the world and joins ..

Reliance Industries Limited (RIL) First Indian Company to exceed Rs 10 Lakh Crore M-cap

The largest publicly traded multinational conglomerate company in India in terms of market capitalization(m-cap), Reliance Industries Limited (RIL) became the first Indian company to cross Rs 10 Lakh Crore market capitalization on Thursday, November 28, 2019. Reliance Industries was founded ..

Reliance renamed as Nippon India Mutual Fund (NIMF)

The Reliance Mutual Fund has been renamed as Nippon India Mutual Fund (NIMF). The name change came after Nippon Life Insurance of Japan completed the acquisition of 75% stake in Reliance Nippon Life Asset Management from Reliance Capital. Nippon Life ..

What is behind RIL plans to become a zero-net debt company?

The Reliance Industries group, currently lead by Mukesh Ambani is one of the largest companies in India. This gargantuan conglomerate, which has wide-ranging interests in the hydrocarbon sector to the telecommunications space and the retail market, is looking to reduce ..

Reliance Jio partners Microsoft to offer cloud infra for businesses

Reliance Jio has partnered with Microsoft to accelerate digital transformation in India. Under the deal, Microsoft will bring in the Azure Cloud on Jio Network targetting the enterprise and business users seeking a technological shift. Jio is the subsidiary of ..

Time 100 Most Influential People 2019

The Time 100 Most Influential People 2019 list named the world’s most influential pioneers, leaders, titans, artists and icons of the year. The list includes Indian-American comedian and TV host Hasan Minhaj, US President Donald Trump, Pope Francis, Chinese President ..

Mukesh Ambani became World’s Richest Sports team owner

Asia’s richest man and Reliance Industries chairman man, Mukesh Ambani has recently topped Forbes’ “The World’s Richest Sports Team Owners 2019” list. With a total net worth of about $50 billion, Ambani topped the list. He bought the IPL team ..

Reliance Industries receives India’s first Letter of Credit (LC) payment via blockchain

HSBC Holdings Plc has executed India’s first trade financial transaction using blockchain for a deal involving an export by Reliance Industries Ltd (RIL) to US-based Tricon Energy. The blockchain-enabled letter of credit (LC) reduces transaction timeline from 7-10 days to ..

Mukesh Ambani becomes 2nd richest man in Asia

Mukesh Ambani has become the Asia’s second richest man according to the 2017 Bloomberg Billionaires Index (BBI). According to the 2017 index, Ambani’s net worth has risen to $35.8 billion (around Rs 2.2 lakh crore), making him the 19th richest ..