Reliance Industries Limited (RIL) Current Affairs - 2020

RIL becomes first Indian Company to be valued at USD 150 Billion

In rupee term, Mumbai based Indian Multinational conglomerate company, Reliance Industries Limited (RIL) on 19th June 2020 was valued at USD 150 billion following a rise in the share market, this also made RIL the first-ever Indian company to achieve a market value of above Rs 11 lakh crore. The positive growth in the shares Read More…

ONGC overtakes India Oil Corp as Most Profitable PSU

The Oil and Natural Gas Corporation (ONGC) overtook India Oil Corporation (IOC) by regaining crown of being India’s most profitable Public Sector Undertakings (PSU). Key Highlights In the previous two financial years (2016-17 and 2017-18) ONGC had lost the most profitable PSU tag to IOC. In fiscal year 2018-19, ONGC’s net profits increased by 34% Read More…

Nita Ambani became First woman director on Reliance board

Nita Ambani, wife of Reliance Industries Chairman Mukesh Ambani, became the first woman to be appointed on the board of the country’s largest private company Reliance Industries Limited (RIL). The appointment of Nita Ambani on the board of Reliance Industries Limited (RIL) fulfills the requirement of a new law according to which listed companies are required Read More…

Reliance India Ltd acquires Network18

Mukesh Ambani owned Reliance Industries Ltd (RIL) is buying a majority stake in Raghav Bahl’s Network18 Media and Investments and its subsidiary TV18 Broadcast through Independent Media Trust (IMT), of which RIL is the only beneficiary. The RIL gave nod to funding of up to Rs 4,000 crore to IMT, which will utilize the funds Read More…

CCEA allowed RIL Higher Gas Prices in Lieu of Bank Guarantee

The Cabinet Committee on Economic Affairs (CCEA) allowed Reliance Industries Ltd (RIL) to sell natural gas at the revised doubled price from April, 2014 provided the firm gave a bank guarantee. The contractor would be allowed to sell D1 and D3 (fields) gas at revised prices from April 1, 2014. The sale would be permitted Read More…