Reliance Retail, a subsidiary of Reliance Industries Limited (RIL) today acquired 16 per cent stake of US-based KaiOS Technologies Inc (KTI) for cash aggregating to USD 7 million (about Rs 45 crore). The company acquired 19,04,781 shares of KTI, mobile operating system provider, at USD 3.675 per share, Reliance Retail said in a statement.

Leaving the question of price aside, the best business to own is one that over an extended period can employ large amounts of incremental capital at very high rates of return. The worst business to own is one that (does) the opposite— that is, consistently employ ever-greater amounts of capital at very low rates of return,” Warren Buffett wrote in his letter to shareholders of Berkshire Hathaway Inc. in 1992.

Mumbai: Reliance Industries Ltd (RIL) has committed Rs 1.3 trillion worth of investments across five states in its non-energy businesses over the past two months. Though analysts worry that these investments may dilute its return on capital employed, RIL executives say it underlines the seriousness with which the company is pursuing opportunities in telecom and retail.

NEW DELHI: Reliance Industries will likely stop producing from its MA field in the KGD6 block by October following continuous decline in output for years, according to multiple people familiar with the matter.

MA is one of the three fields currently producing in RIL-BP's KG block and the only one that produces both oil and gas. D1 and D2 are the other two fields producing only gas.

In a big fillip to Andhra Pradesh, Reliance Industries (RIL) and its associate companies have made a committed investment of Rs 55,000 crore in the state to facilitate the business of marketing gas and LNG. India gas Solutions Private, a 50:50 joint venture company of RIL, BP International (BP) and Andhra Pradesh Economic Development Board (APEDB) signed a memorandum of understanding (MoU) during the three-day CII Partnership Summit with a committed investment of Rs 40,000 crore.

RIL on Tuesday said it will acquire 5 per cent stake in NYSE listed Eros International for Rs 10 billion with a view to producing and acquiring Indian films and digital originals across all languages.

Reliance Industries Limited (RIL) and Eros International Plc announced that RIL, through a subsidiary, "has agreed to subscribe to a 5 per cent equity stake" in Eros at a price of $15 per share, the company said in a statement.

The first day of the Magnetic Maharashtra investors’ summit here on Sunday saw Reliance Industries Ltd (RIL) promising investments of Rs 600 billion into the state, the Mahindra Group pledging Rs 23.25 billion and the Virgin Group signing an “intent agreement” with Maharashtra to build a hyperloop transportation system between Mumbai and Pune, to reduce travel time to 20 minutes from the three hours at present.

Reliance Industries’ (RIL) wholly owned subsidiary Reliance Industrial Investments and Holdings (RIIHL) proposes to acquire equity shares of The Indian Film Combine (IFC), for `1,105 crore, according to a statement on stock exchanges. As part of the transaction, RIIHL will be acquiring 65% of current paid-up equity share capital of IFC from the existing shareholders. This will include 20% from the Mauritian arm of Xander Group Inc based in the US for `340 crore and 45% from entities belonging to the promoter group of RIL for `765 crore.

In a major fillip to the State government’s plans to develop the electronics industry, Reliance Industries Limited (RIL) has come forward to invest in Andhra Pradesh.

Mukesh Ambani-led RIL has plans to manufacture 10 million mobile phones per annum in Andhra Pradesh. The RIL is looking for 150 acres of land to start a cellphone manufacturing unit near Tirupati in Chittoor district.

Mukesh Ambani's Reliance Industries would invest around Rs 2500 crore in the north eastern state Assam. RIL would invest across the Assamaese sectors including retail, petroleum, telecom, tourism and sports.

The move would create as close to 80,000 jobs in next three years, the company said.

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