Reliance Industries
Indian multinational conglomerate
Follow Reliance Industries on Notably News to receive short updates to your email — rarely!
| November 2024 | Disney Star joint venture deal was closed, with a reported value of $8.5 billion. |
| October 24 2024 | Nvidia agreed to supply chips to Reliance and other Indian companies as part of an AI technology push. |
| July 2024 | Reliance Industries received approval from the United States to resume importing oil from Venezuela, expanding its international oil trading capabilities. |
| March 2024 | Reliance Industries partnered with Disney to introduce a new Reliance-Disney OTT (Over-The-Top) platform. |
| February 2024 | Reliance Industries Ltd. and The BharatGPT group announced the launch of Hanuman, a large language model (LLM) AI system designed to work in 11 local languages across health, governance, financial services, and education sectors. |
| 2022 | Reliance Industries maintained business relations with Russia through energy deals with Rosneft, despite international sanctions imposed following Russia's invasion of Ukraine. |
| 2022 | At the RIL Annual General Meeting, Mukesh Ambani announced that his youngest son Anant Ambani will take over the new energy business. |
| 2022 | Mukesh Ambani announced the leadership transition during the 45th Reliance AGM, stepping down as chairperson of Reliance Retail and handing over the role to his daughter Isha Ambani Piramal. |
| 2022 | Mukesh Ambani appointed his son Akash Mukesh Ambani as the chairperson of Jio, marking a significant leadership transition within the Reliance Industries family business. |
| February 2022 | Reliance terminated leases of hundreds of Future Retail locations and took possession of brick-and-mortar shops, following a complex legal dispute involving Amazon's previous stake in Future Retail. |
| April 22 2021 | RIIHL acquired the entire issued share capital of Stoke Park Ltd in Buckinghamshire, UK, for £57 million. |
| 2020 | An arbitration case was held in Singapore regarding the Future Retail asset transfer, which was contested by Amazon. |
| 2020 | Intel invested ₹1,894.50 crore ($250 million) in Reliance Jio platforms, becoming the 12th company to invest in the digital platform. This investment brought the total investments in Jio platforms to ₹117,588.45 crore. |
| 2020 | Facebook invested in Jio Platforms, acquiring a 9.99% equity stake on a fully diluted basis. |
| July 16 2020 | Google announced a 7.7% stake acquisition in Jio Platforms, contributing to the ongoing investment trend in the company's digital platforms. |
| May 2020 | Reliance Industries sold approximately 1.15% stake in Jio Platforms to an unspecified investor. |
| April 2020 | RIL announced a strategic investment in Jio Platforms, though specific details of the investment are not fully provided in the given text. |
| February 2020 | Embibe acquired the rival platform OnlineTyari. |
| February 2020 | Reliance Industries invested ₹89.91 crores in Embibe, an EdTech start-up based in Bengaluru, as part of a broader investment strategy over three years totaling around $180 million. |
| 2019 | Amazon.com acquired a stake in a Future Retail subunit and obtained certain rights related to the potential transfer of the retailer's assets. |
| December 2019 | Embibe acquired 90.5% equity share capital of K12 startup Funtoot (eDreams Edusoft) for ₹71.64 crores. |
| December 2019 | Reliance Strategic Business Ventures Limited (RSBVL) bought a 51.78% stake in robotics and AI firm Asteria Aerospace for ₹23.12 crore and an 85% stake in NowFloats Technologies for ₹141.63 crores. |
| October 2019 | Reliance Industries announced a corporate restructuring, creating Jio Platforms Limited as a subsidiary to house all digital initiatives and telecommunication assets. |
| August 2019 | Reliance added Fynd primarily for its consumer businesses and mobile phone services in the e-commerce space. |
| March 2019 | Reliance Industrial Investments and Holdings Limited (RIIHL) bought majority stakes in logistics firm Grab A Grub Services Private Limited and software company C-Square Info Solutions for over ₹146 crores. |
| 2017 | RIL established a joint venture with Russian company Sibur to set up a Butyl rubber plant in Jamnagar, Gujarat, to be operational by 2018. |
| March 2013 | Reliance Retail had 1,466 stores across India, establishing itself as the largest retailer in the country. |
| July 2012 | Reliance Industries announced plans to invest US$1 billion in a new aerospace division, aiming to design and manufacture equipment and components for military and civilian aircraft, helicopters, unmanned airborne vehicles, and aerostats. |
| 2010 | Reliance and BP formed a partnership where BP took a 30% stake in 23 oil and gas production sharing contracts for $7.2 billion, including the KG-D6 block. They also created a 50:50 joint venture for sourcing and marketing gas in India. |
| 2010 | Reliance entered the broadband services market by acquiring Infotel Broadband Services Limited, the only successful bidder for pan-India fourth-generation (4G) spectrum auction. |
This contents of the box above is based on material from the Wikipedia article Reliance Industries, which is released under the Creative Commons Attribution-ShareAlike 4.0 International License.