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Reliance Industries raises Rs 3,000 crore via debentures

Reliance Industries (RIL) has raised Rs 3,000 crore through a privately placed debenture issue. The unsecured, non-convertible redeemable debentures offered 8.95 percent return with a 10-year maturity. The notes shall be redeemed at par at the end of 10 years from the date of allotment — November 9, 2028. RIL ... Read More »

Reliance Home Finance reports 32% rise in Q2 net profit

Reliance Home Finance has reported results for second quarter ended September 30, 2018. The company has reported 31.58% rise in its net profit at Rs 75.00 crore for the quarter under review as compared to Rs 57.00 crore for the same quarter in the previous year. Total income of the ... Read More »

Innovative Ideals receives order for FTTH from Reliance Jio

Reliance Jio has awarded Innovative Ideals & Services India 100 Buildings in Kandivali East for Fiber to the Home (FTTH) and make them ready for high speed bandwidth infrastructure. The company has vast experience in the rapid growing Fiber to Home (FTTH) segment looks forward to working with Reliance Jio ... Read More »

Reliance Power’s arm wins arbitration award against NACC

Reliance Power’s Wholly Owned Subsidiary — Sasan Power has won an arbitration award against North American Coal Corporation (NACC). This is a major milestone in this arbitration with the award received on October 18, 2018 from International Court of Arbitration, International Chamber of Commerce. NACC’s claim of around $32 million ... Read More »

Reliance Industries’ arm acquires stake in SkyTran

Reliance Industries’ (RIL) wholly owned subsidiary — Reliance Industrial Investments and Holdings has successfully acquired 12.7% shareholding (on fully diluted basis) in SkyTran Inc. (SkyTran), a US incorporated venture-funded technology company developing state of the art technology in the field of Personal Rapid Transit Systems. The company has made the ... Read More »

Reliance Capital’s arm gets R3 approval from IRDAI

Reliance Capital’s wholly owned subsidiary — Reliance Health Insurance has received R3 approval from Insurance Regulatory and Development Authority (IRDAI) for its new health insurance business. The new company will commence operations by the December quarter of 2018. Reliance Capital, a part of the Reliance Group, is one of India’s ... Read More »

Neglected baby beetles evolve greater self-reliance

In gardens, parks and woods across the UK, the Sexton burying beetle Nicrophorus vespilloides quietly buries dead mice and other small vertebrates to create edible nests for their young. Most parents remove the animal’s hair and slash the flesh of the carcass to help their newly-hatched larvae crawl inside. Typically ... Read More »