DP World and Reliance Industries have partnered to launch an innovative logistics solution for the petrochemicals industry, shifting product transport from road to rail, significantly cutting carbon emissions.

The Dubai-based logistics operator in a statement said the new solution connects Reliance Industries' Jamnagar plant in Gujarat to DP World's inland container depot (ICD) in Ahmedabad and onward to the port of Mundra.

Billionaire Mukesh Ambani-owned Reliance Industries is in talks with banks for a loan of as much as $3 billion to refinance debt due next year, according to people familiar with the matter.

About half a dozen banks are in discussions with the Indian conglomerate for the loan, which would be syndicated to wider market in the first quarter of 2025, the people said, who asked not to be named as discussions are private.

The merger of media assets of Reliance Industries and the India business of global media house the Walt Disney is expected to be complete by the end of the third quarter of this fiscal, according to a regulatory filing by billionaire Mukesh Ambani-led group.

The fair trade regulator CCI has already approved the merger of Viacom 18 and Star India and NCLT (National Company Law Tribunal) has sanctioned the scheme regarding it.

Reports emerged last week that Saregama is eyeing a majority stake in Dharma Productions. Now Reliance Industries Ltd (RIL) is reportedly in discussions to acquire a stake in Bollywood filmmaker Karan Johar's Dharma Productions, reported The Economic Times.

If finalised, the deal would strengthen the oil-to-telecom giant's foothold in India's content production sector. However, the exact size of the stake under negotiation remains unclear.

Indian billionaire Mukesh Ambani’s Reliance Industries Ltd. is seeking to raise as much as Rs 240 crore ($2.4 billion) via rupee-denominated bonds, according to filings seen by Bloomberg.

The base size of the sale is 100 billion rupees with an option to retain subscriptions worth another 10,000 crore. The 10-year bonds will be auctioned on Thursday and are rated AAA with a stable outlook by rating companies CRISIL and CareEdge.

Shares of Reliance Industries (RIL) gained nearly 2 per cent to Rs 2,622 on the National Stock Exchange (NSE) in Thursday’s intra-day trade after stock starting trading ex-Jio Financial Services (JFS) business. At 10:07 am; RIL traded nearly 1 per cent higher at Rs 2,604.80 on the NSE and Rs 2,606.65 on the BSE.

Meanwhile, JFS was valued at Rs 251 on the BSE and Rs 262 on the NSE. The price of RIL (ex-JFS) settled at Rs 2,589 and Rs 2,580, respectively, on both the exchanges.

Shares of Reliance Industries (RIL) surged nearly 4 per cent to Rs 2,728.35 on the BSE in Monday’s intra-day trade after the company fixed July 20, 2023 as the record date to determine shareholders entitled to receive shares in its new financial services entity.

Under the arrangement, shareholders of RIL will get one share each of Reliance Strategic Investment (RSIL) for every one share held in RIL as of the record date. Reliance Strategic Investment will be demerged and later renamed and listed as Jio Financial Services.

Country's leading retailer Reliance Retail on Friday said it will reduce the equity share capital to the extent held by shareholders other than its promoter and holding company.

The board of Reliance Retail, on July 4, 2023, approved the proposal in which shares held by such shareholders shall stand cancelled and extinguished as per the capital reduction plan.

Reliance Industries Ltd on Thursday said the National Company Law Tribunal has given its nod to the demerger of the company's financial services undertaking and its listing.

Reliance had previously announced plans to demerge its financial services undertaking into Reliance Strategic Investments Limited (RSIL) and rename and list it as Jio Financial Services Limited (JFSL).

Tata Consultancy Services (TCS), Adani Enterprises, and Reliance Industries Limited (RIL) have acquired plots in what is going to become the Bengal Silicon Valley Tech Hub, The Financial Express (FE) reported. The tech hub is expected to be completed and made operational by the end of 2025.

The Mamata Banerjee-government in West Bengal is working hard to ensure all statutory approvals are granted seamlessly.

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