Reliance LYF, the 4G smartphone brand by Reliance Retail, has begun its advertisement campaign in full swing. Only days after it launched its logo with the tagline of “Smartphone +” by adorning its name in the sleeves of jerseys of two IPL teams – Mumbai Indians (MI) and Royal Challengers Bangalore (RCB), LYF has come […]
RIL Completes Sale of its 49.9% Stake in US Pipeline Joint Venture
Reliance Industries completed its stake sale of 49.9 % in the US shale oil and gas pipeline joint venture to Enterprise Products Partners, which is a New York listed company. The deal was worth $1.073 billion. A statement from Reliance Industries said, “Reliance Holding USA, Inc., a subsidiary of Reliance Industries, has announced the closing […]
Reliance Jio and Indus Tower signs deal with L&T Metro
Mukesh Ambani-led Reliance Jio Infocomm along with Indus Tower signed a deal with L&T Metro Rail (Hyderabad) Limited. The deal will let Metro passengers to have a strong signal in their cell phones while traveling. Benefits of the deal Both the companies will enable mobile service providers to give efficient cell phone signals to their […]
Reliance Industries to sell off 3.1% stake in Network18
Reliance Industries has announced it plans of selling 3.1% of its stakesin the media and entertainment company, Network18 Media and Investments Ltd. to bring down its stakes at 75%. Reliance Industries had obtained a major stake in Network 18 and its subsidiary TV18 Broadcast Ltd., last year, making it the largest deal in India’s media […]
Reliance Jio to sell Smart Devices across India
Reliance Industries will make an investment of Rs. 2.5 lakh crores in the digital sector. Apart from this, the company also announced of establishing a distribution network of 1.5 lakhs electronic retailers. These retailers will be selling cellphones, internet devices, etc. and will also provide other related services. Devices are always sold by independent companies […]
Mukesh Ambani’s RIL to invest 2.5 Lakh Crores in the Digital Space
The Chairman of Reliance Industries, Mukesh Ambani, announced that his company will be investing more than Rs. 250,000 crores in the digital space. This includes investment on its upcoming wireless broadband infrastructure and manufacturing of mobile phones. “We at Reliance will invest over Rs. 250,000 crores across the Digital India pillars,” he said at the […]
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