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Ground Report

World News & Opinions

filed under: Enterpeneurs

DoT Allows Reliance Jioto Test SMS on 4G

| Business, Enterpeneurs

The telecommunication arm of RIL, Reliance Jio Infocomm Limited (RJIL) will start the testing of its messaging feature on the fourth-generation long term evolution, or 4G LTE, platform. Reliance Jio has recently received approval for the same from the Department of Telecommunication (DoT). According to an internal noting of the DoT dated 31st July, the […]

RIL May Bid to Buy Stake in Haldia Petrochemicals Limited

| Business, Enterpeneurs

Reliance Industries Limited (RIL) plans to bid for 31 percent stake ownership in beleaguered Haldia Petrochemicals Limited (HPL). The West Bengal government has decided to sell away its stake of 31 percent in HPL. Earlier the government had announced for the companies to submit their expression of interest to buy this stake. RIL had already […]

RIL to invest Rs 24,000 crore in its US Shale Gas Business

| Business, Enterpeneurs

Reliance Industries Limited (RIL) is currently focusing on raising the scale of its shale gas business in the US. This company led by Mukesh Ambani will invest yet another $ 4 billion (Rs 24,000 crore) in the span of next three years to acquire more shale gas assets in US. In the past, there have […]

Reliance Retail Riding High On Growth Path

| Business, Enterpeneurs

The retail arm of Reliance Industries Limited (RIL), Reliance Retail is growing at a high speed. This year, it has already crossed revenues of Rs 10,800 crore and achieved a break-even with an EBITA of Rs 78 crore. It is an achievement for the company while other retail players are struggling in this segment. Furthermore […]

RIL and ONGC partner to share infrastructure at KG basin

| Business, Enterpeneurs

Reliance Industries Limited (RIL)has entered into a MoU with the state-run flagship explorer, Oil and Natural Gas Corporation (ONGC) to share the gas pumping infrastructure lying off the Andhra Coast. RIL used this facility for its oil and natural gas reserves in the KG-D6 basins located in the Bay of Bengal on the eastern coast […]