Reliance

Brookfield Asset Management signs an MoU with India’s Reliance Industries to manufacture renewable energy and decarbonization equipment in Australia

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Indian 500 rupee notes lie on the cashier counter of a branch of HDFC Bank in Mumbai

NEW DELHI, August 1 (MeelBijendra) – On Tuesday, August 1, Indian conglomerate Reliance Industries announced that Brookfield Asset Management has signed a memorandum of understanding (MoU) with Reliance Industries to further explore opportunities in Australia to pursue renewable energy and manufacture decarbonization equipment. Brookfield Asset Management is a Canadian multinational company with over US$825 billion … Read more

Reliance Industries Q4 FY23 results: Revenue grew by 2.8% YoY to ₹ 239082 cr; Net profit increased by 18.3% to ₹ 21327 cr

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Reliance Smart Mall in Mumbai, India

Reliance Industries on Friday released its January-March quarter i.e. Q4 FY23 results. Reliance Industries’ Q4 revenue and net profit beat market estimates. The consolidated revenue of Reliance Industries grew by 2.8% YoY to ₹ 2,39,082 crore in Q4 FY23, while the company’s net profit grew by 18.3% to ₹ 21,327 crore. Reliance Jio’s ARPU (average … Read more

Reliance to demerge fin services arm and list Jio Financial Services on exchanges, RIL shareholders to get 1:1 shares

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share price on the screen

On Friday 21 October, Reliance Industries Limited (RIL) announced that it would soon demerge its financial services business to form a new company Jio financial services limited (JFSL). Reliance Strategic Investments Limited (RSIL) is a wholly-owned subsidiary of Reliance Industries Limited (RIL) which currently carries out its business of providing loans to merchants and consumers. … Read more