Posts filtered by tags: Reliance Industries Ltd[x]


 

Mubadala Keeping Pace With KKR as $29 Billion Deployed Last Year - Bloomberg

Mubadala Keeping Pace With KKR as $29 Billion Deployed Last Year - Bloomberg Mubadala Investment Co. joined global investors like KKR & Co. in pouncing on opportunities presented by the pandemic, embarking on a record dealmaking spree while many of its peers among sovereign wealth funds hunkered down.In a year that saw the worst oil-price crash in a generation, Mubadala delivered a record income for the Abu Dhabi government as it doubled down on a bet that sectors like technology and consumer ...
Tags: Travel, New York, India, Bloomberg, United Arab Emirates, Abu Dhabi, KKR, Kuwait, Uae, Silver Lake, Gulf, State, Reliance Industries Ltd, KKR Co, Khaldoon Al Mubarak, Al Mubarak


Mubadala Had Record Investments as Focus Shifts Away From Energy - Bloomberg

Mubadala Had Record Investments as Focus Shifts Away From Energy - Bloomberg Abu Dhabi’s second-largest sovereign wealth fund invested a record amount of money during last year’s global crisis as its focus increasingly shifts into high-growth sectors such as technology and health-care.Mubadala Investment Co. said new investments amounted to 108 billion dirhams ($29.4 billion) in areas such as technology, life sciences and consumer goods, according to its 2020 results published on Thursday. Its...
Tags: Travel, Russia, Kuwait, Uae, Silver Lake, Gulf, Reliance Industries Ltd, Khaldoon Al Mubarak, Rupert Neil Bumfrey, Mubadala, Mubadala Investment Co, India France China


#Saudi Aramco 1% Stake Is a Tough Sell - Bloomberg

Saudi Aramco 1% Stake Is a Tough Sell - Bloomberg Five years after Crown Prince Mohammed Bin Salman ventured that “in 2020 we can live without oil,” he is, once again, hawking Saudi Arabia’s oil champion to raise funds. In a recent, sweeping interview with Arab News, he teased the potential sale of 1% of Saudi Arabian Oil Co., or Saudi Aramco, to a “huge company” in an oil-importing country.Who would pay $19 billion for that sliver of the Saudi dream? The obvious candidates are in Asia, where ...
Tags: Travel, Asia, Saudi Arabia, Russia, India, Bloomberg, Reliance, Reuters, Aramco, Saudi Aramco, Mohammed bin Salman, BP Plc, Reliance Industries Ltd, David Fickling, Saudi Arabian Oil Co, Rupert Neil Bumfrey


Mukesh Ambani Doesn't Have Much Need for a 1% Stake in #Saudi Aramco - Bloomberg

Mukesh Ambani Doesn't Have Much Need for a 1% Stake in Saudi Aramco - Bloomberg Could one of the energy industry’s longest-running on-again, off-again romances be catching fire again? Saudi Arabian Crown Prince Mohammed Bin Salman seems to think so. “There are discussions happening right now about a 1% acquisition by one of the leading energy companies in the world” in state-owned Saudi Arabian Oil Co., he said in a local television interview Tuesday.Prince Mohammed didn’t disclose which compa...
Tags: Travel, Jane Austen, Financial Times, Mohammed, Reliance, Aramco, Saudi Aramco, Mohammed bin Salman, Reliance Industries Ltd, Saudi Arabian Oil Co, Mukesh Ambani, Rupert Neil Bumfrey, Saudi Aramco Bloomberg


#UAE News: #AbuDhabi’s $232 Billion Mubadala Wants to Take Crack at Top 10 - Bloomberg

UAE News: Abu Dhabi’s $232 Billion Mubadala Wants to Take Crack at Top 10 - Bloomberg Abu Dhabi’s Mubadala Investment Co. is overhauling its structure and deploying capital to double in size to nearly half a trillion dollars in the next decade, a plan that will vault it into the top ranks of the world’s sovereign wealth funds.With stakes in businesses from Reliance Industries Ltd.’s retail unit to private equity firm Silver Lake, Mubadala was among a few sovereign investors that last year seized...
Tags: Travel, Bloomberg, Abu Dhabi, Reliance Industries Ltd, Rupert Neil Bumfrey, Mubadala, Abudhabi, Mubadala Investment Co, Bloomberg Abu Dhabi, Silver Lake Mubadala


Ambani Sold a Tech Dream for $27 Billion. Now He Has to Deliver - Bloomberg

Ambani Sold a Tech Dream for $27 Billion. Now He Has to Deliver - Bloomberg Mukesh Ambani spent much of 2020 convincing Facebook Inc., Google and a clutch of Wall Street heavyweights to buy into his vision for one of the world’s most ambitious corporate transformations.Now flush with $27 billion in fresh capital, Asia’s richest man is under pressure to deliver.The 63-year-old Indian tycoon is focused on a handful of priorities as he tries to turn Reliance Industries Ltd. from an old-economy cong...
Tags: Travel, Facebook, Asia, Bloomberg, Reliance, Reliance Industries Ltd, Mukesh Ambani, Rupert Neil Bumfrey, Ambani, Facebook Inc Google


Amazon is reportedly eyeing a $100 million investment in the Apollo Pharmacy chain, further expanding its healthcare plans

Amazon considers $100 million investment in India's pharmacy chain Amazon/Handout via Reuters Amazon is looking to invest nearly $100 million in Apollo Pharmacy, the Indian pharmacy chain, two people familiar with the plans told the Economic Times Wednesday. Amazon's plans to expand in India come after the launch of its own Amazon Pharmacy service in the US November 17, allowing people to buy prescription drugs through its website. The potential investment would come amid competition i...
Tags: Amazon, India, US, Trends, Amazon Web Services, Reliance, Reuters, Economic Times, Reliance Industries Ltd, Tata Group, Reuters Amazon, Mukesh Ambani, Apollo Hospitals, Walmart US, Amazon Pharmacy, Kate Duffy Reuters


Jio launches 4G services in remote regions of Ladakh

Reliance Jio has launched its 4G services in the remotest regions of Ladakh, Bharatiya Janata Party (BJP) Member of Parliament from Ladakh Jamyang Tsering Namgyal said in a tweet on Tuesday. The company inaugurated four new mobile towers in Pibiting, Padium, Akshow and Abran in the remote region of Zanskar in Kargil district. The towers were built using funds from the central government’s Universal Service Obligation Fund (USOF), Namgyal said, who launched them on Tuesday. The development comes ...
Tags: Travel, News, Narendra Modi, 4G, Parliament, Kashmir, Reliance Jio, Reliance Industries Ltd, Jammu, Ladakh, World Health Organisation WHO, Kargil, Lok Sabha, Jio, Jammu Kashmir, Udhampur


CCI looking into data sharing agreement in Google-Jio Platforms deal: Report

The Competition Commission of India (CCI) is going to ask Google whether its purchase of 7.73% stake in Jio platforms includes any data-sharing agreement, the Economic Times reported. The antitrust regulator is reportedly looking into the possibility of data sharing that can affect competition, especially in the handset industry. The CCI has been looking closely into the business dealings of Jio Platforms, which has attracted massive investments from all over the globe, including Silver Lake, Vi...
Tags: Travel, Google, Facebook, News, India, Facebook Messenger, Xiaomi, Reliance, Economic Times, Reliance Industries Ltd, CCI, Jio, Competition Commission of India, Competition Commission of India CCI, Mukesh Ambani, Ambani


#UAE News: #AbuDhabi’s ADIA to Invest $750 Million in Mukesh Ambani’s Retail Unit - Bloomberg

UAE News: Abu Dhabi’s ADIA to Invest $750 Million in Mukesh Ambani’s Retail Unit - Bloomberg:A unit of Abu Dhabi Investment Authority will invest 55.1 billion rupees ($750 million) in Reliance Industries Ltd.’s retail arm, as billionaire Mukesh Ambani continues to enlist marquee backers for the business and adding to the $4.4 billion he has mopped up in recent weeks.ADIA will buy a 1.2% stake in Reliance Retail Ventures Ltd., according to an exchange filing Tuesday, valuing the business at 4.29 ...
Tags: Travel, Abu Dhabi, Silver Lake, Reliance Industries Ltd, TPG, ADIA, Mukesh Ambani, Rupert Neil Bumfrey, Ambani, Abu Dhabi Investment Authority, Abudhabi, Facebook Inc Google, Jio Platforms Ltd, Retail Unit Bloomberg, Reliance Retail Ventures Ltd, RRVL


Factbox: Reliance raises $22.43 billion from stake sales at retail, digital arms | Reuters

Factbox: Reliance raises $22.43 billion from stake sales at retail, digital arms | Reuters:Reliance Industries Ltd, controlled by Asia’s richest man Mukesh Ambani, has raised 1.65 trillion rupees ($22.43 billion) over the past few months through stake sales at its digital unit Jio Platforms and its retail arm Reliance Retail Ventures.On Wednesday the company announced a $755.1 million investment from KKR & Co Inc in its retail arm, giving it a pre-money valuation of 4.21 trillion rupees ($57.28 ...
Tags: Travel, Asia, Reliance, Reuters, Reliance Industries Ltd, Silver Lake Partners, Reliance Retail, Mukesh Ambani, Rupert Neil Bumfrey, KKR Co Inc, Jio Platforms, Reliance Retail Ventures


Musk’s wealth exceeds $100 billion; Bezos worth twice as much

By Devon Pendleton and Jack Pitcher | Bloomberg Three of the world’s richest people have achieved staggering new levels of personal wealth. The net worth of Amazon.com Inc. founder Jeff Bezos eclipsed $200 billion on Wednesday as shares of the e-commerce giant climbed to a record. The move simultaneously pushed his ex-wife MacKenzie Scott, 50, to the brink of becoming the world’s richest woman, just behind L’Oreal SA heiress Francoise Bettencourt Meyers. Elon Musk, meanwhile, extended an extraor...
Tags: Amazon, Facebook, Mark Zuckerberg, Business, Spacex, Elon Musk, Technology, India, Bloomberg, Sport, Nasa, Soccer, Jeff Bezos, Federal Reserve, Bernie Sanders, Silver Lake


Reliance Retail buys NetMeds, acquires majority stake in parent firm for ₹620 crore

The online pharmacy space, which the government is yet to give regulatory certainty on, is consolidating with Reliance Industries buying a majority stake in Chennai-based online pharmacy NetMeds, and the merger of two existing e-pharmacies — MedLife and PharmEasy. Reliance’s acquisition of NetMeds Reliance Retail has bought a 60% equity stake in Vitalic Health, the parent company of online pharmacy NetMeds, for ₹620 crore, as it moves closer to competing with e-commerce giant Amazon. The deal...
Tags: Travel, Health, Google, Amazon, News, India, Mumbai, Reliance, Chennai, Google Facebook, Reliance Industries Ltd, Reliance Industries, Reliance Retail, Urban Ladder, Medianama, Bangalore Amazon


Aramco Still Aims for $15 Billion Deal With India’s Reliance - Bloomberg

Aramco Still Aims for $15 Billion Deal With India’s Reliance - Bloomberg:Saudi Aramco said it’s still working on a deal to buy a $15 billion stake in Reliance Industries Ltd.’s refining and chemicals business, even as lower oil prices forces it to slash investment spending.Mumbai-based Reliance’s shares fell in mid-July after Chairman Mukesh Ambani said a transaction had been delayed “due to unforeseen circumstances in the energy market and the Covid-19 situation.”A deal with Reliance would help...
Tags: Travel, India, Mumbai, Reliance, Aramco, Saudi Aramco, State, Reliance Industries Ltd, Saudi Basic Industries Corp, Mukesh Ambani, Rupert Neil Bumfrey, Amin Nasser, Reliance Bloomberg


MIDEAST STOCKS-Major Gulf markets mixed; S&P revises #Kuwait's outlook - Reuters

MIDEAST STOCKS-Major Gulf markets mixed; S&P revises Kuwait's outlook - Reuters:Major stock markets in the Gulf were mixed in early trade on Sunday, while the Kuwaiti index underperformed the region after S&P Global Ratings revised the Gulf state’s outlook to ‘negative’ from ‘stable’.The ratings agency said it expects Kuwait’s main liquidity buffer, the General Reserve Fund (GRF), to be insufficient to cover central government deficit.Saudi Arabia’s benchmark index edged up 0.2%, helped by a 3.5...
Tags: Travel, Saudi Arabia, Kuwait, Gulf, Reuters, Saudi Aramco, Reliance Industries Ltd, Rupert Neil Bumfrey, Jabal Omar Development


A Wild Oil Market, Flowing Cash for Reliance Hold Up Aramco Deal - Bloomberg

A Wild Oil Market, Flowing Cash for Reliance Hold Up Aramco Deal - Bloomberg:It’s not typical of Mukesh Ambani, Asia’s richest tycoon, to announce a deal before signing a document. But that’s exactly what he did last year when he told a packed hall of shareholders that Saudi Aramco, the world’s biggest oil producer, was set to buy a 20% stake in Reliance Industries Ltd.’s refining and petrochemicals business, valuing it at $75 billion. So it may have come as a shock to some of those investors wh...
Tags: Travel, Asia, Aramco, Saudi Aramco, International Energy Agency, Reliance Industries Ltd, Rupert Neil Bumfrey, Ambani, Mukesh Ambani Asia, Reliance Hold Up Aramco Deal Bloomberg


Reliance's stake sale talks with Aramco stall over price, sources say - Reuters

Reliance's stake sale talks with Aramco stall over price, sources say - Reuters:Talks over the sale of a 20% stake in Reliance Industries Ltd’s oil-to-chemical business to Saudi Aramco have stalled over price, four sources familiar with the matter said.With the energy market hit by falling demand for crude due to COVID-19, Aramco wants the Indian conglomerate to review the $15 billion it agreed to sell the stake for last year, the sources told Reuters. “Aramco has told Reliance that refining mar...
Tags: Travel, Reliance, Reuters, Aramco, Saudi Aramco, Reliance Industries Ltd, Rupert Neil Bumfrey, COVID


Facebook's $5.7 Billion Jio Stake Approved by India Regulator

India's antitrust regulator approved Facebook's purchase of a 9.99% stake in the digital services unit controlled by billionaire Mukesh Ambani, giving the social media giant another foothold in one of the world's fastest-growing online markets. From a report: The U.S.-based company will invest $5.7 billion in Jio Platforms through Jaadhu Holdings LLC, an indirect, wholly owned subsidiary of Facebook, according to a filing on the Competition Commission of India website. The clearance paves the wa...
Tags: Facebook, India, Tech, Reliance Industries Ltd, Jio, Competition Commission of India, Mukesh Ambani, Ambani, Jio Platforms, Jaadhu Holdings LLC, KKR Silver Lake Partners, General Atlantic Read


Reliance Jio Platforms says $15.2 billion fundraise is good for now

If your venture fund was not one of the ten investors that backed Reliance Jio Platforms in recent weeks, you won’t be able to plough cash into the fast-growing top Indian telecom network for at least a few quarters now as it is no longer scouting for fresh deals. Reliance Jio Platforms, which has raised $15.2 billion in the past nine weeks, said today that Saudi Arabia’s PIF $1.5 billion investment on Thursday marked the “end of Jio Platforms’ current phase of induction of financial partners...
Tags: Facebook, Asia, Saudi Arabia, India, Funding, Tech, Bloomberg, Getty Images, KKR, General Atlantic, Silver Lake, Reliance, Reliance Jio, Reliance Industries Ltd, Reliance Industries, Mumbai India


#SaudiArabia to Invest in Mukesh Ambani of India’s Jio Platforms - Bloomberg

Saudi Arabia to Invest in Mukesh Ambani of India’s Jio Platforms - Bloomberg:Saudi Arabia’s sovereign fund will invest $1.5 billion in the telecommunications and digital services business controlled by Indian billionaire Mukesh Ambani, bringing total new investment in Jio Platforms Ltd. to $15.2 billion since April.The Public Investment Fund will hold a 2.32% stake in the arm of Reliance Industries Ltd., the Mumbai-based company said in a statement Thursday.The deal, the 11th into Jio in about t...
Tags: Travel, Saudi Arabia, India, Mumbai, General Atlantic, Reliance Industries Ltd, Reliance Industries, Facebook Inc, Jio, Mukesh Ambani, Rupert Neil Bumfrey, Ambani, Public Investment Fund, Jio Platforms Ltd, Jio Platforms Bloomberg, KKR Co Silver Lake Partners


Saudi wealth fund to invest $1.49 billion in Jio Platforms

Saudi Arabia's Public Investment Fund will invest 113.67 billion rupees ($1.49 billion) in Reliance Industries Ltd's Jio Platforms, the Indian oil-to-telecoms conglomerate said on Thursday.
Tags: Money, Saudi Arabia, businessNews, Reliance Industries Ltd, Public Investment Fund, Jio Platforms


Abu Dhabi's Mubadala to invest $1.2 billion in Reliance's Jio Platforms

Indian oil-to-telecoms conglomerate Reliance Industries Ltd said on Friday that Abu Dhabi state fund Mubadala Investment Co will buy a 1.85% stake in its digital unit, Jio Platforms, for 90.93 billion rupees (959.6 million pounds).
Tags: Money, businessNews, Abu Dhabi, Reliance Industries Ltd, Mubadala, Mubadala Investment Co, Reliance s Jio Platforms


Asia’s Richest Man Nears Deal With Top Mideast Sovereign Funds - Bloomberg

Asia’s Richest Man Nears Deal With Top Mideast Sovereign Funds - Bloomberg:Three of the largest Middle Eastern sovereign wealth funds are in advanced talks to invest in Reliance Industries Ltd.’s digital arm, people familiar with the matter said, potentially adding to the roster of marquee investors that have piled into the business.Abu Dhabi’s Mubadala Investment Co. is nearing a deal to invest about $1 billion into Jio Platforms Ltd. and an announcement could come as soon as this week, said th...
Tags: Travel, Asia, Saudi Arabia, India, Bloomberg, Abu Dhabi, KKR, Reliance, Reliance Industries Ltd, Facebook Inc, Jio, Mukesh Ambani, Rupert Neil Bumfrey, Abu Dhabi Investment Authority, Mubadala Investment Co, Jio Platforms


Reliance launches JioMart online grocery service, challenging Amazon, Flipkart

Reliance Industries Ltd has launched an online grocery service, JioMart, the head of its grocery retail business said, in a move aimed at rivalling Amazon.com's local unit and Walmart Inc's Flipkart in the huge Indian market.
Tags: Amazon, Money, businessNews, Flipkart, Reliance Industries Ltd, Amazon Flipkart, Walmart Inc


#Saudi Wealth Fund Is Said to Explore Investment in Reliance Jio - Bloomberg

Saudi Wealth Fund Is Said to Explore Investment in Reliance Jio - Bloomberg:Saudi Arabia’s $320 billion sovereign wealth fund is exploring a potential investment in Reliance Industries Ltd.’s digital unit, according to people with knowledge of the matter.The Public Investment Fund is considering purchasing a minority stake in Jio Platforms, said the people, who asked not to be identified as the information is private. Deliberations are ongoing and might not lead to a transaction, the people said...
Tags: Travel, Saudi Arabia, Reliance Industries Ltd, Facebook Inc, Vista Equity Partners, Silver Lake Partners, Mukesh Ambani, Rupert Neil Bumfrey, Public Investment Fund, Jio Platforms, Reliance Jio Bloomberg, Representatives for Reliance


Saudi, U.S. firms eye stakes in Reliance's Jio - Bloomberg

Two more firms are eyeing a share of Reliance Industries Ltd's $65-billion digital unit Jio Platforms, according to Bloomberg News, setting them up to be a part of a growing list of firms that have recently invested in the Indian company.
Tags: Money, businessNews, Reliance, Bloomberg News, Reliance Industries Ltd, Jio Platforms, Jio Bloomberg


Reliance strikes third unit stake deal, raising $8 billion in 2 weeks

India's Reliance Industries Ltd on Friday announced a $1.5 billion stake sale in digital unit Jio Platforms, a third deal in a little over two weeks that will inject a combined $8 billion in the telecoms-to-energy group to help it pare debt.
Tags: Money, India, businessNews, Reliance Industries Ltd, Jio Platforms


Reliance strikes third unit stake deal, raising $8 billion in two weeks

India's Reliance Industries Ltd on Friday announced a $1.5 billion stake sale in its digital unit Jio Platforms, a third deal in little over two weeks that will inject a combined $8 billion in the telecoms-to-energy group to help it pare debt.
Tags: Money, India, businessNews, Reliance Industries Ltd, Jio Platforms


Reliance says Vista Equity to invest $1.5 billion in digital arm

India's Reliance Industries Ltd said on Friday private equity firm Vista Equity Partners would invest 113.67 billion rupees ($1.5 billion) in its digital business unit for a 2.32% stake, in a boost to the conglomerate's effort to pare debt.
Tags: Money, India, businessNews, Reliance, Reliance Industries Ltd, Vista Equity Partners, Vista Equity


Reliance to sell $750 million stake in unit to Silver Lake, on track to cut debt

India's Reliance Industries Ltd said on Monday private equity firm Silver Lake will invest nearly $750 million in its digital arm, days after securing a $5.7 billion investment from Facebook Inc , boosting its efforts to cut debt.
Tags: Money, India, businessNews, Silver Lake, Reliance Industries Ltd, Facebook Inc