According to many news sources, Reliance Retail, the biggest shareholder in the struggling hyperlocal firm Dunzo, has wiped off its $200 million investment in the business. Following the company's liquidity crunch and withdrawal from rapid commerce during the last 24 months, Reliance is also not engaged in any
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If you have heard of the Ambani family, possibly the most famous person among them would not be either Mukesh Ambani or his children. The figure is actually his wife, Nita Ambani. A well-known figure in business and philanthropic circles, Nita is the chairperson of the Reliance Foundation and a
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Reliance Industries Limited (RIL) is an Indian organization headquartered in Mumbai, India. Founded by Dhirubhai Ambani, the present Reliance Industries CEO is his son Mukesh Ambani. Reliance has its entities across domains like vitality, petrochemicals, materials, common assets, retail, and broadcast communications. Reliance is one of the most prominent businesses
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When it comes to the Indian business arena, one simply cannot ignore Mr. Mukesh Ambani—the owner of Reliance Industries, and the wealthiest businessman in India. He has footprints in some of the most important sectors of the Indian economy such as refining, oil & gas, petrochemicals, telecom, retail, and
With the launch of JioStar.com as their official website, Reliance Industries and The Walt Disney Company announced on 15 November that their media merger in India was complete. Instead of being a streaming platform as was previously speculated, JioStar.com, the company's new digital destination, exhibits the
For about INR 28 crore (about $3.5 million USD), Reliance Consumer Products, a division of Reliance Retail, purchased the direct-to-consumer (D2C) snack company TagZ Foods. This purchase, which some have referred to as a distress sale, is another example of a big company purchasing a smaller direct-to-consumer brand. Founded
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Akash Ambani, the eldest son of Indian business tycoon Mukesh Ambani, has emerged as a poised leader with a distinctive vision. Born in a world of legends where it's easy to get overshadowed, Akash is not just a coheir to India’s biggest conglomerate. Rather, he is writing
In order to expedite the antitrust clearance process for their $8.5 billion merger of Indian media holdings, Reliance and Walt Disney have reportedly offered to sell some channels. However, they are reportedly fighting any adjustments made to the cricket broadcast rights that they own. With a combined 120 TV
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Jio Financial Services collaborates with BlackRock to revolutionize wealth management and stockbroking in India, making significant strides in the financial sector. Jio Financial Services, the financial arm of Reliance Industries, has recently tied up with US-based BlackRock to make significant strides in stockbroking and wealth management. The company announced a
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No big company or enterprise ever started from scratch; and to realize an innovative and actionable idea, one needs funds and resources. From Microsoft to Facebook to Pixar, most of them started with a great idea, lots of effort, and a small garage. Almost every day, entrepreneurs come up with
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Reliance Industries is not unknown to the people of India and of the world now. Founded in May 1973, Reliance Industries is headquartered in Mumbai. It was a landmark step when Reliance Jio Infocomm Limited was launched after Reliance Industries bought a majority stake in Infotel Broadband Services Limited (IBSL)
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Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by Jio. When do you think a revolution came in the telecommunication industry? Well, the most common answer is after the launch of Mukesh Ambani’s