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DARK SECRETS: 5 | Vintage Vibes

Explained: Govt can garner Rs 1 lakh crore from duties, cess on petroleum products

NEW DELHI: The government could garner over Rs 1 lakh crore if it continues to levy cess/duty on production of petroleum crude, and on export of petrol, diesel, and ATF for the rest of fiscal 2023.

The Times of India

Govt slaps windfall tax on fuel exports, domestic crude

NEW DELHI: The government on Friday taxed petrol, diesel and jet fuel exports to discourage overseas sales by private refiners Reliance Industries and Nayara Energy without first meeting domestic commitments and levied additional duty on domestic crude to mop up part of the windfall gains from elevated prices caused by…

The Times of India

Explained in 10 charts: Why Mukesh Ambani's heirs will take over an empire different from what he inherited

NEW DELHI: Mukesh Ambani, the chairman of India's most valued firm Reliance Industries, has taken the first step to pass on the reins of leadership to the next generation of Ambanis.

The Times of India

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Mukesh Ambani sets succession plan in motion by promoting his children

MUMBAI: Indian billionaire Mukesh Ambani just got busy with the early stages of succession planning at his energy-to-technology conglomerate Reliance Industries Ltd, naming two of his offspring as chiefs of key units in his $217 billion empire.

The Times of India

SC stays Tripura HC order seeking threat perception details of Ambani family

The Supreme Court on Wednesday stayed the Tripura High Court orders that had sought from the Centre the details of threat perception based on which security cover was provided to Reliance Industries chairman Mukesh Ambani and his family in Mumbai.

Dynamite News

Mukesh Ambani resigns from Reliance Jio Board, Akash appointed Chairman

Reliance Industries chairman Mukesh Ambani has resigned from the board of Reliance Jio handing over reigns to his elder son Akash Ambani, who will be Chairman of the Board of Directors.

Dynamite News

Concerns grow that India is ‘back door’ into Europe for Russian oil

Volume of Russian crude bought and then exported by India suggests some of it may end up in European petrol stations

The Guardian - UK

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33 Stocks Moving In Friday's Mid-Day Session

Gainers Revlon, Inc. (NYSE: REV) gained 81.5% to $3.54 following a report suggesting Reliance Industries is considering buying out the company, which recently filed for bankruptcy.

Benzinga

Revlon jumps on report Reliance Industries is weighing an offer

NEW DELHI: Revlon shares surged as much as 62% in New York trading after ET Now reported that Reliance Industries is considering buying the cosmetics giant.

The Times of India

Indian Conglomerate Reliance Eyes Bankrupt Revlon: Reuters

Indian conglomerate company Reliance Industries is mulling acquiring cosmetics maker Revlon Inc (NYSE: REV), Reuters reported. The development comes in the wake of Revlon filing for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the Southern District of New York. Revlon is facing heavy debts as it struggles to compete with brands driven by social media…

Benzinga

IPL fetches staggering media rights for over $6 billion

U.S. media giant Walt Disney and India’s Reliance Industries have won the broadcasting rights for the Indian Premier League for more than $6 billion, making the Twenty20 cricket competition one of the most lucrative sports leagues in the world in terms of cost per game

The Independent UK

Govt to pursue $3.85 billion recovery from Reliance, partners

NEW DELHI: The government on Monday said it will pursue recovery of $3.85 billion from Reliance Industries and its partners in the Panna/Mukta and Tapti oil and gas fields case and is mulling an appeal against an English court order over cost recovery dispute in the same fields.

The Times of India

Indian billionaire Mukesh Ambani and Apollo Global Management reportedly make £5bn Boots bid

In April an insider told BusinessLive eighth richest on earth was interested in buying the high street business

Birmingham Post

Reliance Industries and Apollo Global Management in £5bn bid for Boots

Mukesh Ambani teams up with US private equity fund, with Walgreens expected to retain minority stake

The Guardian - UK

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The Times of India

Apollo, Reliance are said to make binding offer for Boots

NEW DELHI: A consortium of Apollo Global Management and Reliance Industries has made a binding offer for Walgreens Boots Alliance’s international arm, people with knowledge of the matter said.

The Times of India

Sensex jumps over 425 points; Nifty tests 16,500

MUMBAI: Snapping its four-day losing run, equity benchmark sensex jumped 427 points to settle at 55,320 on Thursday, tracking heavy buying in index majors Reliance Industries, Bharti Airtel and Tech Mahindra despite a weak trend overseas.

The Times of India

UAE's ILT20 to be held from Jan 6 to Feb 12, 2023; Reliance, KKR, GMR, Adani own 4 out of 6 teams

DUBAI: The Emirates Cricket Board will conduct the inaugural International League T20 from January 6 to February 12, 2023, with three IPL franchises owning outfits in the six-team league.

The Times of India

Mukesh Ambani regains spot as Asia's richest, surpasses Gautam Adani

NEW DELHI: The battle between two of India's wealthiest businessmen for Asia's richest spot keeps getting interesting with one pitting the other continuously.

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The Times of India

Sensex jumps 437 points after 2-day decline; Nifty reclaims 16,600-level

MUMBAI: Benchmarks bounced back on Thursday after a two-day fall, with the Sensex jumping 437 points amid heavy buying in index heavyweight Reliance Industries and positive trends from European markets.

Evening Standard

The world’s top 10 billionaires: Who are they, what is their net worths and how did they build their fortunes?

The rate of billionaires increases year on year, with the current number at 2,755 billionaires worldwide, according to Forbes magazine.

The Times of India

Reliance becomes 1st Indian firm to hit $100 billion revenue; posts 22.5% jump in Q4 profit

NEW DELHI: Reliance Industries consolidated net profit jumped 22.5 per cent in the fourth quarter ended March 31, 2022, the company said in a regulatory filing on Friday.

Birmingham Post

Exclusive: Indian billionaire Mukesh Ambani definitely interested in buying Boots says source – having considered then dropped Chelsea FC bid

BusinessLive has been told his company Reliance Industries keen to build UK foothold, attracted by transparent regulations

The Times of India

Reliance Industries m-cap breaches Rs 19 lakh crore mark at end of trade

NEW DELHI: The market valuation of Reliance Industries Limited, the country's most valued firm, went past Rs 19 lakh crore mark at the close of trade on Thursday.

Nottingham Post

Who owns Boots? Boots owner holds May deadline for £6billion bids to buy UK retailer

The new deal would have Boots undergo expansion into India, the Middle East and Southeast Asia.

Evening Standard

India’s second richest man joins race to buy Boots

Mukesh Ambani is largest shareholder and chairman of retail-to-energy group Reliance Industries

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