Mumbai/IBNS: Mukesh Ambani, the chairman and managing director of Reliance Industries, is taking his giant-killer telecom playbook to Africa as the billionaire seeks to focus on mobile broadband customers in the continent.
Future Retail RP files for initiation of liquidity proceedings financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
Reliance displayed removable and swappable batteries for electric vehicles (EVs) that can also be used to power household appliances through an inverter at a renewable energy exhibition, Reuters reported on Tuesday.
Mukesh Ambani-controlled Reliance Industries Ltd (RIL) expects to get the necessary approvals to hive off its oil-to-chemicals (O2C) business into a separate unit by the second quarter of the next financial year, according to the company s presentation to investors on Monday. The company had initiated the process of spinning off the O2C business at a time when the Covid-19 pandemic caused a slump in fuel demand and weighed on the segment s recent results. Reliance would retain full control of the business after restructuring, the company said in the presentation. The Mumbai-headquartered conglomerate also announced its aim to work with the O2C business to reduce its carbon footprint and become net carbon zero by 2035.
Updated Jan 12, 2021 | 09:17 IST
Future Group and Amazon are entangled in a bitter legal dispute over the Indian retail company s Rs 24,713 crore deal with Mukeh Ambani-controlled Reliance Industries (RIL). Amazon may file fresh plea in Delhi High Court against Future’s Rs 24,713 crore deal with RIL | Photo Credit: BCCL
New Delhi: E-commerce behemoth Amazon is likely to file a fresh petition as early as this week in the Delhi High Court in the ongoing legal feud against the Kishore Biyani-led Future Group over the sale of the latter’s retail business to Reliance Retail Ventures Ltd (RRVL), subsidiary of Mukesh Ambani-controlled Reliance Industries Ltd (RIL).