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 is India’s largest private sector … Read more
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 company increased by 8.67% at … Read more
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 in executing its aggressive plans … Read more
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 consisting of liquidated damages, interest … Read more
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 investment in SkyTran with the … Read more
Reliance Industrial Infrastructure (RIIL) has reported results for second quarter ended September 30, 2018. The company has reported 21.93% fall in its net profit at Rs 2.10 crore for the quarter under review as compared to Rs 2.69 crore for the same quarter in the previous year. However, total income of the company increased by … Read more
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 leading private sector financial services … Read more
