Reliance Industries Explained

Reliance Industries Limited
Logo Upright:1
Type:Public
Founder:Dhirubhai Ambani
Area Served:Worldwide
Key People:Mukesh Ambani
Industry:Conglomerate
Products:
Revenue:[1]
Revenue Year:2024
Income Year:2024
Net Income Year:2024
Assets Year:2024
Equity Year:2024
Num Employees: 347,362 (2024) [2]
Subsid:
Former Name:Reliance Commercial Corporation (1958–1966)
Reliance Textiles and Engineers (1966–1973)
Reliance Industries Limited (1973–present)
Foundation:[3]
Location City:Mumbai, Maharashtra
Hq Location Country:India

Reliance Industries Limited is an Indian multinational conglomerate headquartered in Mumbai. Its businesses include energy, petrochemicals, natural gas, retail, entertainment, telecommunications, mass media, and textiles. Reliance is the largest public company in India by market capitalisation[4] and revenue,[5] and the 100th largest company worldwide.[6] It is India's largest private tax payer[7] and largest exporter, accounting for 7% of India's total merchandise exports.[8] The company has relatively little free cash flow and high corporate debt.[9] [10]

The company has attracted controversy for reports of political corruption, cronyism, fraud, financial manipulation, and exploitation of its customers, Indian citizens, and natural resources.[11] [12] [13] [14] [15] Its chairman, Mukesh Ambani, has been described as a plutocrat.[16]

History

1958–1980

Reliance Commercial Corporation was set up in 1958 by Dushyant Corporation (DC Group of Company) as a small venture firm trading commodities, especially spices and polyester yarn.[3] In 1965, the partnership ended and Dhirubhai continued the polyester business of the firm.[17] In 1966, Reliance Textiles Industries Pvt. Ltd. was incorporated in Maharashtra. It established a synthetic fabrics mill in the same year at Naroda in Gujarat.[18] On 8 May 1973, it became Reliance Textiles Industries Limited. In 1975, the company expanded its business into textiles, with "Vimal" becoming its major brand in later years. The company held its initial public offering (IPO) in 1977.[19] The issue was over-subscribed by seven times.[20] In 1979, a textiles company Sidhpur Mills was amalgamated with the company.[21] In 1980, the company expanded its polyester yarn business by setting up a Polyester Filament Yarn Plant in Patalganga, Raigad, Maharashtra with financial and technical collaboration with E. I. du Pont de Nemours & Co., U.S.

1981–2000

In 1985, the name of the company was changed from Reliance Textiles Industries Ltd. to Reliance Industries Ltd.[18] During 1985 to 1992, the company expanded its installed capacity for producing polyester yarn by over 145,000 tonnes per annum.[18]

The Hazira petrochemical plant was commissioned in 1991–92.[22]

In 1993, Reliance turned to the overseas capital markets for funds through a global depository issue of Reliance Petroleum. In 1996, it became the first private sector company in India to be rated by international credit rating agencies. S&P rated Reliance "BB+, stable outlook, constrained by the sovereign ceiling". Moody's rated "Baa3, Investment grade, constrained by the sovereign ceiling".[23]

In 1995/96, the company entered the telecom industry through a joint venture with NYNEX, USA, and promoted Reliance Telecom Private Limited in India.[22]

In 1998, Reliance took over Indian Petrochemicals Corporation Limited during privatization of public sector enterprises.

In 1998/99, RIL introduced packaged LPG in 15 kg cylinders under the brand name Reliance Gas.[22]

The years 1998–2000 saw the construction of the integrated petrochemical complex at Jamnagar in Gujarat,[22] the largest refinery in the world.

2001 onwards

In 2001, Reliance Industries Ltd. and Reliance Petroleum Ltd. became India's two largest companies in terms of all major financial parameters.[24] In 2001–02, Reliance Petroleum was merged with Reliance Industries.[19]

In 2002, Reliance announced India's biggest gas discovery (at the Krishna Godavari basin) in nearly three decades and one of the largest gas discoveries in the world during 2002. The in-place volume of natural gas was more than 7 trillion cubic feet, equivalent to about 120 crore (1.2 billion) barrels of crude oil. This was the first-ever discovery by an Indian private sector company.[19] [25]

In 2002–03, RIL purchased a majority stake in Indian Petrochemicals Corporation Ltd. (IPCL), India's second largest petrochemicals company, from the government of India,[26] RIL took over IPCL's Vadodara Plants and renamed it as Vadodara Manufacturing Division (VMD).[27] [28] IPCL's Nagothane and Dahej manufacturing complexes came under RIL when IPCL was merged with RIL in 2008.[29] [30]

In 2005 and 2006, the company reorganised its business by demerging its investments in power generation and distribution, financial services and telecommunication services into four separate entities.[31]

In 2006, Reliance entered the organised retail market in India[32] with the launch of its retail store format under the brand name of 'Reliance Fresh'.[33] [34] By the end of 2008, Reliance Retail had close to 600 stores across 57 cities in India.[19]

In November 2009, Reliance Industries issued 1:1 bonus shares to its shareholders.

In 2010, Reliance entered the broadband services market with acquisition of Infotel Broadband Services Limited, which was the only successful bidder for pan-India fourth-generation (4G) spectrum auction held by the government of India.[35] [36] In the same year, Reliance and BP announced a partnership in the oil and gas business. BP took a 30 per cent stake in 23 oil and gas production sharing contracts that Reliance operates in India, including the KG-D6 block for $7.2 billion.[37] Reliance also formed a 50:50 joint venture with BP for sourcing and marketing of gas in India.[38]

In 2017, RIL set up a joint venture with Russian Company Sibur for setting up a Butyl rubber plant in Jamnagar, Gujarat, to be operational by 2018.[39]

In August 2019, Reliance added Fynd[40] primarily for its consumer businesses and mobile phone services in the e-commerce space.[41] [42]

In December 2022, Reliance Industries Market cap stood at Rs.17,59,017.23 crore.[43]

In February 2024, Reliance Industries Ltd. and The BharatGPT group announced that it will launch large language model (LLM), Hanuman's AI system in March 2024. The model will work in 11 local languages in four major areas: health, governance, financial services and education.[44]

In March 2024, Reliance Industries partnered with Disney to introduce Reliance-Disney OTT platform.[45] [46]

Shareholding

The number of shares of RIL are approx. 644.51 crore (6.44 billion).[47] The promoter group, the Ambani family, holds 50.39% of the total shares whereas the remaining 49.61% shares are held by public shareholders, including FII and corporate bodies.[47] Life Insurance Corporation of India, public sector company, is the largest non-promoter investor in the company, with 6.49% shareholding.[48]

In January 2012, the company announced a buyback program to buy a maximum of 12 crore (120 million) shares for ₹10,400 crore (US$1.5 billion). By the end of January 2013, the company had bought back 4.62 crore (46.2 million) shares for .[49]

Listing

The company's equity shares are listed on the National Stock Exchange of India Limited (NSE) and the BSE Limited. The Global Depository Receipts (GDRs) issued by the company are listed on London Stock Exchange.[50] [51] It has issued approx. 5.6 crore (56 million) GDRs wherein each GDR is equivalent to two equity shares of the company. Approximately 3.46% of its total shares are listed on Luxembourg Stock Exchange.[47]

Its debt securities are listed at the Wholesale Debt Market (WDM) Segment of the National Stock Exchange of India Limited (NSE).[52]

It has received domestic credit ratings of AAA from CRISIL (S&P subsidiary) and Fitch. Moody's and S&P have provided investment grade ratings for international debt of the company, as Baa2 positive outlook (local currency issuer rating) and BBB+ outlook respectively.[53] [54] [55] On 28 December 2017, RIL announced that it will be acquiring the wireless assets of Anil Ambani-led Reliance Communications for about ₹23,000 crores.[56]

Operations

The company's petrochemical, refining, and oil and gas-related operations form the core of its business; other divisions of the company include cloth, retail, telecommunications, and special economic zone (SEZ) development. In 2012–13, it earned 76% of its revenue from refining, 19% from petrochemicals, 2% from oil & gas and 3% from other segments.[57]

In July 2012, RIL informed that it was going to invest US$1 billion over the next few years in its new aerospace division which will design, develop and manufacture equipment and components, including aircraft, engine, radars, avionics and accessories for military and civilian aircraft, helicopters, unmanned airborne vehicles, and aerostats.[58]

In July 2024, Reliance Industries was granted the approval by United States to resume importing oil from Venezuela.[59]

The company had more than 200 subsidiary companies and more than 15 associate companies as of 2024.[60] [61]

Subsidiaries

Jio Platforms

See main article: Jio Platforms.

Jio Platforms Limited, essentially a technology company, is a majority-owned subsidiary of RIL. It has a valuation of more than $100 billion on expert view as of October 2022.It is the result of a corporate restructuring announced in October 2019, resulting in all the digital initiatives and the telecommunication assets being housed under this new subsidiary.[62] This new subsidiary holds all the digital business assets including Reliance Jio Infocomm Ltd, which in turn holds the Jio connectivity business - mobile, broadband and enterprise, and also the other digital assets (JIO Apps, Tech backbone and Investments in other tech entities like Haptic, Hathaway and Den Networks among others).[63] In April 2020, RIL announced a strategic investment of by Facebook into Jio Platforms. This investment translated into a 9.99% equity stake, on a fully diluted basis.[64] Further in May 2020, RIL sold roughly 1.15% stake in Jio Platforms for to the American private equity investor, Silver Lake Partners.[65] Intel became the 12th company to invest in Reliance Jio platforms after it invested ₹1,894.50 crore ($250 million), the total investments in Jio platforms is ₹117,588.45 crore so far.[66] On 16 July 2020, Google announced that it will acquire a 7.7% stake in Jio Platforms for ₹33,737 crore.[67] Mukesh Ambani has named his son, Akash Mukesh Ambani as the chairperson of Jio in 2022.[68]

Reliance Retail

See main article: Reliance Retail. Reliance Retail is the retail business wing of the Reliance Industries. In March 2013, it had 1466 stores in India.[69] It is the largest retailer in India.[70] Many brands like Reliance Fresh, Reliance Footprint, Reliance Time Out, Reliance Digital, Reliance Wellness, Reliance Trends, Reliance Autozone, Reliance Super, Reliance Mart, Reliance iStore, Reliance Home Kitchens, Reliance Market (Cash n Carry) and Reliance Jewel come under the Reliance Retail brand. Its annual revenue for the financial year 2012–13 was with an EBITDA of . Its market value is more than $60 billion.[71] Mukesh Ambani stepped down from the position of chairperson of Reliance Retail and handed over the job to his daughter Isha Ambani Piramal.[72] Ambani announced it during the 45th Reliance AGM, in 2022. As per reports, this act is a part of Ambani's leadership transition.[73]

Reliance Industrial Infrastructure

See main article: Reliance Industrial Infrastructure. Reliance Industrial Infrastructure Limited (RIIL) is an associate company of RIL. It was incorporated in September 1988 as Chembur Patalganga Pipelines Limited, with the main objective being to build and operate cross-country pipelines for transporting petroleum products. The company's name was subsequently changed to CPPL Limited in September 1992, and thereafter to its present name, Reliance Industrial Infrastructure Limited, in March 1994.[74] RIIL is mainly engaged in the business of setting up and operating industrial infrastructure. The company is also engaged in related activities involving leasing and providing services connected with computer software and data processing.[75]

Network 18

See main article: Network 18. Between 2011 and 2014, Reliance acquired majority stake in Network18 Group. Though Network18, Reliance owns multiple news channels including CNN-News18 and News18 India.[76]

Network 18 is a mass media company. It has interests in television, digital platforms, publication, mobile apps and films. It also operates two joint ventures, namely Viacom 18 and History TV18 with Viacom and A+E Networks respectively. It has also acquired a partial part of ETV Network and since renamed its channels under the Colors TV brand.

Other

Former holdings

In March 2017, Reliance Industries Ltd (RIL) completed the sale process of its 76% equity stake in Mauritius-based oil retailer Gulf Africa Petroleum Corp (GAPCO) to Total Marketing & Services, a subsidiary of the French oil and gas firm Total SE.[101]

The East West Pipeline has been acquired by India Infrastructure Trust, which is owned by Brookfield Asset Management for a consideration of ₹13,000 cr.[102]

Awards and recognition

Reliance demerger and family feud

The Ambani family holds around 45% of the shares in RIL.[112] Since its inception, the company was managed by its founder and chairman Dhirubhai Ambani. After suffering a stroke in 1986, he handed over the daily operations of the company to his sons Mukesh Ambani and Anil Ambani. After the death of Dhirubhai Ambani in 2002, the management of the company was taken up by both the brothers. In November 2004, Mukesh Ambani, in an interview, admitted to having differences with his brother Anil over 'ownership issues'.[113] He also said that the differences "are in the private domain". The share prices [114] of RIL were impacted by some margin when this news broke out. In 2005, after a bitter public feud between the brothers over the control of the Reliance empire, mother Kokilaben intervened to broker a deal splitting the RIL group business into two parts.[115] In October 2005, the split of Reliance Group was formalised. Mukesh Ambani got Reliance Industries and IPCL. Younger brother Anil Ambani received telecom, power, entertainment, and financial services business of the group. The Anil Dhirubhai Ambani Group includes Reliance Communications, Reliance Infrastructure, Reliance Capital, Reliance Natural Resources and Reliance Power.[116] [117]

The division of Reliance group business between the two brothers also resulted in de-merger of 4 businesses from RIL.[118] [119] These businesses immediately became part of Anil Dhirubhai Ambani Group. The existing shareholders in RIL, both the promoter group and non-promoters, received shares in the de-merged companies.[31]

Criticism and controversies

The company has attracted controversy for reports of political corruption, cronyism, fraud, financial manipulation, and exploitation of its customers, Indian citizens, and natural resources.[120] [121] [122] [123] The chairman of Reliance Industries, Mukesh Ambani, has been described as a plutocrat.[124]

ONGC litigation

In May 2014, ONGC moved to Delhi High Court accusing RIL of pilferage of 18 billion cubic metres of gas from its gas-producing block in the Krishna Godavari basin.[125] Subsequently, the two companies agreed to form an independent expert panel to probe any pilferage.[126]

Cronyism

Seminar magazine (2003) detailed Reliance founder Dhirubhai Ambani's proximity to politicians, his enmity with Bombay Dyeing's Nusli Wadia, the exposes by the Indian Express and Arun Shourie about illegal imports by the company and overseas share transactions by shell companies, and the botched attempt to acquire Larsen & Toubro.[127]

As early as 1996, Outlook magazine addressed other controversies related to fake and switched shares; insider trading; and a nexus with the state-owned Unit Trust of India. Five main allegations concerning Reliance, which have plunged the Indian capital markets into a period of uncertainty unsurpassed since the days of the securities scam were:

2005 Criminal investigation

The Central Bureau of Investigation (CBI) filed a charge sheet in a Mumbai court against Reliance Industries Limited (RIL) and four retired employees of National Insurance Company Limited (NICL), including a former CMD, under provisions of the Prevention of Corruption Act for criminal conspiracy and other charges. Acting on a reference from CVC in March 2005, the CBI started probing the conspiracy that led to the filing of the charge sheet on 9 December 2011. The 2005 complaint had alleged irregularities in the issuance of insurance policies — for coverage of default payments — by NICL to RIL. The charge sheet also mentioned criminal offenses with dishonest intention and causing wrongful loss totaling ₹147.41 crores to NICL and wrongful gain to the private telecom provider.[13]

Two retired senior officials of National Insurance Company Limited and 11 others were awarded varying jail terms by a Delhi court in Jan 2014.[128]

RIL plane grounded

A business jet owned by Reliance Industries (RIL) was grounded by The Directorate General of Civil Aviation (DGCA) on 22 March 2014 during a surprise inspection, for carrying expired safety equipment on board; its pilot was also suspended for flying without a license.[129]

Krishna Godavari (KG) Basin gas controversy

Reliance Industries Limited (RIL) was supposed to relinquish 25% of the total area outside the discoveries in 2004 and 2005, as per the Production Sharing Contract (PSC). However, the entire block was declared as a discovery area and RIL was allowed to retain it. In 2011, the Comptroller and Auditor General of India (CAG) criticized the Oil Ministry for this decision. The CAG also faulted RIL for limiting the competition in contracts, stating that RIL awarded a $1.1 billion contract to Aker on a single-bid basis.[14] [130]

Petition against Reliance Jio

A PIL filed in the Supreme Court by an NGO Centre for Public Interest Litigation, through Prashant Bhushan, challenged the grant of a pan-India license to RJIL by the Government of India. The PIL alleged that RJIL was allowed to provide voice telephony along with its 4G data service, by paying an additional fee of just INR 16,580 million (US$280 million) which was arbitrary and unreasonable and contributed to a loss of INR 228,420 million (US$3.8 billion) to the exchequer.[131] [132]

The CAG in its draft report alleged rigging of the auction mechanism, whereby an unknown ISP, Infotech Broadband Services Pvt Ltd, acquired the spectrum by bidding 5000 times its net worth, after which the company was sold to Reliance Industries.[133]

Future Retail deal and possession

In February 2022, Reliance terminated the leases of hundreds of Future Retail locations, the next largest retail chain in India, and took possession of those brick-and-mortar shops. Future Retail had a deal to sell its assets to Reliance, but that deal was contested by Amazon.com, which in 2019 acquired a stake in a subunit of Future Retail along with certain rights with respect to the transfer of the retailer's assets. Reliance's possessions came after rounds of legal wrangling, including a 2020 arbitration in Singapore and an antitrust review by the Competition Commission of India.[134] [135] [136] [137]

Stock manipulation and penalty

For manipulating shares of Reliance Petroleum Limited (RPL), Reliance Industries was fined Rs. 950 crore (about 447 crore in retracted gains and 500 crore in interest) in 2007.[138] In April 2006, RPL went public as a Reliance subsidiary at a price of Rs. 60 per share. The market crashed by 30% after it floated at roughly Rs. 100, and RPL was back at 60. In accordance with Securities and Exchange Board of India directive, RIL carried out an organised operation with the help of its agents in order to obtain unauthorised profits from the trading of its formerly listed unit, RPL, which was combined with the former in 2009.[139] [140] [141] [142] [143]

See also

Further reading

Notes and References

  1. Web site: Reliance Industries Q4 FY24 results.
  2. Web site: Reliance Industries AR 2023-24.
  3. Web site: Reliance Industries Limited | Business, Leadership, & History | Britannica. www.britannica.com. 7 July 2023. 30 January 2023. 26 May 2022. https://web.archive.org/web/20220526104651/https://www.britannica.com/topic/Reliance-Industries-Limited. live.
  4. Web site: Top '100' companies by market capitalisation as on July 19, 2017 . Bseindia.com . 20 July 2017 . https://web.archive.org/web/20170715174950/http://www.bseindia.com/markets/equity/EQReports/TopMarketCapitalization.aspx . 15 July 2017 . live .
  5. News: RIL becomes India's biggest company in revenue terms. 21 May 2019. The Economic Times. 21 May 2019.
  6. News: Fortune Global 500 list . 10 August 2022 . https://web.archive.org/web/20190807080136/https://fortune.com/global500/2019/ . 7 August 2019 . live .
  7. Web site: Reliance Industries Consolidated Balance Sheet, Reliance Industries Financial Statement & Accounts . 30 June 2020 . . en.
  8. Web site: Reliance Industries AGM full text. 21 July 2017. 21 July 2017. https://web.archive.org/web/20170806222049/http://www.financialexpress.com/industry/reliance-industries-agm-full-text-of-mukesh-ambani-speech-here-is-what-he-said-on-jio/773105/. 6 August 2017. live.
  9. News: Reliance Seeks $2.5 Billion Debt for Capex, Looming Repayments. Bloomberg . 20 January 2023. www.bloomberg.com.
  10. News: RIL's deleveraging to continue. The Print.
  11. Web site: Blind Ambition. Outlookindia.com/. 26 August 2018. https://web.archive.org/web/20180614021254/https://www.outlookindia.com/magazine/story/blind-ambition/200504. 14 June 2018. live.
  12. https://www.outlookindia.com/magazine/story/a-history-of-controversies/200497
  13. News: NICL scam: CBI files charges against Reliance Industries Limited, 4 retired insurance firm employees. The Times of India. 26 August 2018. https://web.archive.org/web/20180710230142/https://timesofindia.indiatimes.com/business/india-business/NICL-scam-CBI-files-charges-against-Reliance-Industries-Limited-4-retired-insurance-firm-employees/articleshow/11761605.cms. 10 July 2018. live.
  14. Web site: CAG flays Oil Min for allowing RIL to retain D6 area. India Today. 8 September 2011 . 26 August 2018. https://web.archive.org/web/20180105162550/http://indiatoday.intoday.in/story/cag-report-on-kg-basin-puts-ril-in-the-dock%E2%80%8E/1/150531.html. 5 January 2018. live.
  15. Web site: SEBI fines Reliance Industries, Mukesh Ambani Rs 40 crore for 'manipulative trades' in 2007. Scroll Staff. Scroll.in. 2 January 2021 .
  16. News: Meet Asia's millennial plutocrats . The Economist .
  17. News: Ambani: From a gas station attendant to Reliance owner . Arab News . 2 November 2012 . 26 August 2013 . https://web.archive.org/web/20130824203609/http://www.arabnews.com/ambani-gas-station-attendant-reliance-owner . 24 August 2013 . live .
  18. News: Company History – Reliance Industries Ltd. . The Economic Times . 26 August 2013 . https://web.archive.org/web/20130928201223/http://economictimes.indiatimes.com/reliance-industries-ltd/infocompanyhistory/companyid-13215.cms . 28 September 2013 . live .
  19. Web site: Major Milestones . RIL.com . 22 August 2013 . dead . https://web.archive.org/web/20130817071250/http://www.ril.com/html/aboutus/major_milestones.html . 17 August 2013 .
  20. Web site: Reliance Industries: Milestones of an oil giant – Slide 4 . NDTV.com . 25 August 2013 . https://web.archive.org/web/20130928193417/http://www.ndtv.com/photos/business/reliance-industries-milestones-of-an-oil-giant-13970/slide/4 . 28 September 2013 . live .
  21. Web site: Company History – Reliance Industries . MoneyControl.com . 26 August 2013 . https://web.archive.org/web/20130812123146/http://www.moneycontrol.com/company-facts/relianceindustries/history/RI . 12 August 2013 . live .
  22. Web site: Reliance Industries Ltd . HDFC Securities . 26 August 2013. https://web.archive.org/web/20140110093244/http://www.hdfcsec.com/Market/Information.aspx?CoCode=476&RptType=History . 10 January 2014. live .
  23. Web site: Reliance Industries: Milestones of an oil giant – Slide 8 . NDTV.com . 25 August 2013. https://web.archive.org/web/20131002033154/http://www.ndtv.com/photos/business/reliance-industries-milestones-of-an-oil-giant-13970/slide/8 . 2 October 2013. live .
  24. Web site: Reliance Industries: Milestones of an oil giant – Slide 9 . NDTV.com . 25 August 2013 . https://web.archive.org/web/20131002041749/http://www.ndtv.com/photos/business/reliance-industries-milestones-of-an-oil-giant-13970/slide/9 . 2 October 2013 . live .
  25. News: Krishna-Godavari basin to yield 160mt oil: RIL . The Economic Times . 1 November 2002 . 25 August 2013 . https://web.archive.org/web/20140110085847/http://articles.economictimes.indiatimes.com/2002-11-01/news/27345331_1_huge-gas-gas-allocation-krishna-godavari-basin . 10 January 2014 . live .
  26. News: Reliance makes it big with IPCL . The Hindu . 20 May 2002 . 25 August 2013 . https://web.archive.org/web/20120414005325/http://www.thehindubusinessline.in/2002/05/20/stories/2002052000790500.htm . 14 April 2012 . live .
  27. Web site: Ministry of Environment Forest and Climate Change Government of India. April 2017. 4 May 2020. 28 July 2018. https://web.archive.org/web/20180728035641/http://environmentclearance.nic.in/writereaddata/Online/TOR/26_Apr_2017_105044523CABI20QBPre-FeasibilityReport.pdf. live.
  28. Book: Nina Muncherji, C. Gopalakrishnan, Upider Dhar. Partners In Success: Strategic Hr And Entrepreneurship. Excel Books India. 2009. 9788174467010. 6.
  29. News: IPCL set to merge with Reliance Industries . Business Standard . 8 March 2007 . 25 August 2013 . https://web.archive.org/web/20140110135049/http://www.business-standard.com/article/companies/ipcl-set-to-merge-with-reliance-industries-107030801104_1.html . 10 January 2014 . live .
  30. News: Reliance-IPCL merger swap ratio set at 1:5 . The Financial Express . 11 March 2007 . 25 August 2013 . https://web.archive.org/web/20140110090017/http://www.financialexpress.com/news/story/193649 . 10 January 2014 . live .
  31. Web site: Scheme of Demerger . RIL.com . 25 August 2013 . dead . https://web.archive.org/web/20130509071142/http://www.ril.com/html/investor/scheme_demerger.html . 9 May 2013 .
  32. Web site: BTvIn - Retail: Growth Engine For RIL. Btvin. 26 June 2014. https://web.archive.org/web/20141208025311/http://www.btvin.com/videos/watch/7595/retail:-growth-engine-for-ril. 8 December 2014. live.
  33. Web site: Reliance launches retail venture . BBC News . 3 November 2006 . 25 August 2013 . https://web.archive.org/web/20140110092259/http://news.bbc.co.uk/2/hi/business/6112578.stm . 10 January 2014 . live .
  34. News: Coming to your neighbourhood – Reliance Fresh . Business Standard . 3 November 2006 . 25 August 2013 . https://web.archive.org/web/20140110135035/http://www.business-standard.com/article/companies/coming-to-your-neighbourhood-reliance-fresh-106110300049_1.html . 10 January 2014 . live .
  35. Web site: Reliance Bets Big on 4G . The Wall Street Journal . 12 June 2010 . 25 August 2013 . https://web.archive.org/web/20150318033739/http://www.wsj.com/articles/SB10001424052748703509404575300313733929690 . 18 March 2015 . live .
  36. News: Reliance Industries to acquire Infotel Broadband . The Hindu . 11 June 2010 . 25 August 2013 . https://web.archive.org/web/20140110090700/http://www.thehindu.com/business/companies/reliance-industries-to-acquire-infotel-broadband/article452893.ece . 10 January 2014 . live .
  37. News: BP partners Reliance in $7.2 billion Indian oil hunt . Reuters India . 22 February 2011 . 25 August 2013 . https://web.archive.org/web/20140110092156/http://in.reuters.com/article/2011/02/21/us-bp-reliance-idUSTRE71K1U520110221 . 10 January 2014 . live .
  38. News: Reliance Industries, BP complete $7.2-billion deal . The Economic Times . 31 August 2011 . 25 August 2013 . https://web.archive.org/web/20130908113359/http://articles.economictimes.indiatimes.com/2011-08-31/news/29949268_1_positions-in-significant-hydrocarbon-bob-dudley-bp . 8 September 2013 . live .
  39. News: RIL, Russia's Sibur join hands for Jamnagar butyl rubber unit. The Economic Times. 19 July 2017. https://web.archive.org/web/20170910050011/http://economictimes.indiatimes.com/industry/indl-goods/svs/petrochem/ril-russias-sibur-join-hands-for-jamnagar-butyl-rubber-unit/articleshow/56644960.cms. 10 September 2017. live.
  40. Web site: Fynd - Your Everyday Fashion Destination. Fynd. 29 June 2022. 7 July 2022. https://web.archive.org/web/20220707113359/https://www.fynd.com/page/fynd-home. live.
  41. Web site: Bloomberg. Reliance to buy Google-backed tech start-up Shopsense Retail. 9 July 2020. @businessline. 5 August 2019. en. 12 July 2020. https://web.archive.org/web/20200712220152/https://www.thehindubusinessline.com/info-tech/reliance-to-buy-google-backed-tech-start-up-shopsense-retail/article28821784.ece. live.
  42. Web site: 2 August 2019. Reliance-Shopsense Deal. RIL.com. 1 March 2024. 27 April 2022. https://web.archive.org/web/20220427053954/https://www.ril.com/DownloadFiles/CorporateAnnouncements/Reg30_Shopsense.pdf. dead.
  43. Web site: Top 100 stocks by Market Capitalization BSE Listed stocks Market Capitalization . 2022-12-19 . www.bseindia.com . 25 July 2019 . https://web.archive.org/web/20190725202033/https://www.bseindia.com/markets/equity/EQReports/TopMarketCapitalization.aspx . live .
  44. Web site: en. AI model backed by Mukesh Ambani's Reliance Industries to launch in March. Business Standart. 2024-02-25. 2024-02-24. https://web.archive.org/web/20240224223759/https://www.business-standard.com/companies/news/ai-model-backed-by-mukesh-ambani-s-reliance-industries-to-launch-in-march-124022100160_1.html.
  45. Web site: Pal . Priyasi . Reliance-Disney Merger: A Gushing Titan Develops in India . Bru Times News . en.
  46. Web site: Reliance, Disney to merge India media operations; Nita Ambani to be chairperson . The Hindu . en-IN . 28 February 2024.
  47. Web site: Reliance Industries >> Shareholding Pattern - March 2017. moneycontrol.com. 20 July 2017. https://web.archive.org/web/20170720233943/http://www.moneycontrol.com/company-facts/relianceindustries/shareholding-pattern/RI#RI. 20 July 2017. live.
  48. Web site: Reliance Industries shareholdings: Find Reliance Industries Shareholding Pattern and Ownership . 2023-09-02 . www.livemint.com . en . 2 September 2023 . https://web.archive.org/web/20230902142347/https://www.livemint.com/reliance-industries/share-holdings/companyid-S0003018 . live .
  49. News: Reliance Industries buyback: Beyond face value . The Indian Express . 18 January 2013 . 24 August 2013 . 28 March 2020 . https://web.archive.org/web/20200328001104/http://www.indianexpress.com/news/reliance-industries-buyback-beyond-face-value/1061132/ . live .
  50. Web site: Investors' Handbook . Ril.com . 15 August 2013 . dead . https://web.archive.org/web/20130817072259/http://www.ril.com/html/investor/investor_handbook.html . 17 August 2013 .
  51. News: Reliance Industries Ltd. – Listing . The Economic Times . 25 August 2013 . https://web.archive.org/web/20131007163106/http://economictimes.indiatimes.com/reliance-industries-ltd/infocompanylisting/companyid-13215.cms . 7 October 2013 . live .
  52. Web site: Listing Information . RIL.com . 26 August 2013 . dead . https://web.archive.org/web/20130526060409/http://www.ril.com/html/investor/listing_info.html . 26 May 2013 .
  53. Web site: Credit Ratings . RIL.com . 26 August 2013 . dead . https://web.archive.org/web/20130721224147/http://www.ril.com/html/investor/credit_rating.html . 21 July 2013 .
  54. News: S&P raises credit rating on RIL to 'BBB+' . Reuters India . 29 May 2013 . 26 August 2013 . https://web.archive.org/web/20140228142135/http://in.reuters.com/article/2013/05/29/reliance-rating-standardandpoors-idINDEE94S07620130529 . 28 February 2014 . live .
  55. Web site: Rating Action: Moody's assigns definitive Baa2 rating to Reliance's USD senior unsecured perpetual notes . Moody's . 31 January 2013 . 26 August 2013 . https://web.archive.org/web/20150403093423/https://www.moodys.com/research/Moodys-assigns-definitive-Baa2-rating-to-Reliances-USD-senior-unsecured--PR_265162 . 3 April 2015 . live .
  56. Web site: 'White knight' Mukesh's RJio to buy RCom's wireless assets. Business Line. 28 December 2017. 26 August 2018. 1 March 2024. https://web.archive.org/web/20240301083103/https://www.thehindubusinessline.com/info-tech/white-knight-mukeshs-rjio-to-buy-rcoms-wireless-assets/article64279381.ece. live.
  57. Web site: 8 May 2013 . Annual Report 2012-13 . dead . https://web.archive.org/web/20131016015400/http://ril.com/rportal1/DownloadLibUploads/1368015904301_AR08052013.pdf . 16 October 2013 . RIL.com.
  58. News: RIL lines up close to $1 billion plan in aerospace sector, may hire around 1,500 people . 28 July 2012 . The Times of India . 26 August 2013 . https://web.archive.org/web/20120729022446/http://economictimes.indiatimes.com/news/news-by-industry/transportation/airlines-/-aviation/ril-lines-up-close-to-1-billion-plan-in-aerospace-sector-may-hire-around-1500-people/articleshow/15214083.cms . 29 July 2012 . live .
  59. News: India's Reliance gets US nod to import oil from Venezuela, source says . live . 24 July 2024 . Reuters.
  60. Web site: Reliance Industries Limited : List of subsidiaries . 24 July 2024 . India Ratings.
  61. Web site: 31 March 2023 . Major Subsidiaries & Associates . 21 April 2024.
  62. Web site: RIL's new digital unit christened Jio Platforms Ltd. 5 May 2020. @businessline. 29 November 2019. en. 3 February 2021. https://web.archive.org/web/20210203193956/https://www.thehindubusinessline.com/info-tech/rils-new-digital-unit-christened-jio-platforms-ltd/article30113511.ece. live.
  63. Web site: Pathak. Kalpana. 26 October 2019. Rejig of group structure at RIL paves way for Jio stake sale. 5 May 2020. Livemint. en. 1 December 2019. https://web.archive.org/web/20191201030555/https://www.livemint.com/industry/telecom/what-creating-a-digital-subsidiary-means-for-ril-and-reliance-jio-11572077695318.html. live.
  64. . Facebook to Invest ₹ 43,574 Crore in JIO Platforms for a 9.99% Stake. Largest FDI for Minority Investment in India. Partnership to Create Opportunities for eople and Businesses. Mumbai. Reliance Industries Limited. 5 May 2020. 24 April 2020. https://web.archive.org/web/20200424162944/https://www.ril.com/getattachment/f8f5c090-6286-42f0-96e5-db05b1ded9f4/FACEBOOK-TO-INVEST-%E2%82%B9-43,574-CRORE-IN-JIO-PLATFORMS.aspx. dead.
  65. Web site: 5 May 2020. Reliance sells 1.15% stake in Jio Platforms to PE firm for Rs 5,656 crore. 5 May 2020. Hindustan Times. en. 5 May 2020. https://web.archive.org/web/20200505104908/https://www.hindustantimes.com/business-news/reliance-sells-1-15-stake-in-jio-platforms-to-pe-firm-for-rs-5-656-crore/story-cYjPN3orTj3zidGwahqu0K.html. live.
  66. News: Mishra. Lalatendu. 3 July 2020. Intel Capital to buy 0.39% stake in Jio Platforms for ₹1,894 crore. en-IN. The Hindu. 8 July 2020. 0971-751X. 4 July 2020. https://web.archive.org/web/20200704022847/https://www.thehindu.com/business/Industry/intel-capital-invests-189450-crore-in-jio-platforms/article31976973.ece. live.
  67. News: Google to invest Rs 33,737 crore for a 7.7 per cent stake in Jio Platforms. The Economic Times. 16 July 2020. 17 January 2021. https://web.archive.org/web/20210117151147/https://economictimes.indiatimes.com/tech/internet/google-to-invest-rs-33737-crore-for-a-7-7-stake-in-jio-platforms/articleshow/76977018.cms. live.
  68. Web site: Haraito . Gloria . Mukesh Ambani Flags Off Succession, Anointing Son Akash Ambani Chairman Of Reliance Jio Infocomm . 2022-10-10 . Forbes . en . 10 October 2022 . https://web.archive.org/web/20221010120145/https://www.forbes.com/sites/gloriaharaito/2022/06/29/mukesh-ambani-flags-off-succession-anointing-son-akash-ambani-chairman-of-reliance-jio-infocomm/ . live .
  69. Web site: Financial Presentation of 2012–13 Q4 Results . RIL.com . 16 April 2013 . 27 August 2013 . dead . https://web.archive.org/web/20150403120435/http://www.ril.com/rportal1/DownloadLibUploads/1366124344231_Q4FPR16042013R1.pdf . 3 April 2015 .
  70. News: Ambani tops retailer list, too . Business Standard . 17 August 2013 . 19 August 2013 . https://web.archive.org/web/20140110133523/http://www.business-standard.com/article/companies/ambani-becomes-india-s-top-retailer-as-biyani-slips-post-demerger-113081600179_1.html . 10 January 2014 . live .
  71. News: Few RIL retail arms still making losses . Business Standard . 11 May 2013 . 27 August 2013 . https://web.archive.org/web/20140626165326/http://www.business-standard.com/article/companies/few-ril-retail-arms-still-making-losses-113050900901_1.html . 26 June 2014 . live .
  72. Web site: Sanjai . P. R. . 2022-06-29 . Mukesh Ambani's daughter Isha Ambani to be named chair of Reliance retail . 2022-10-10 . ThePrint . en-US . 10 October 2022 . https://web.archive.org/web/20221010120151/https://theprint.in/economy/mukesh-ambanis-daughter-isha-ambani-to-be-named-chair-of-reliance-retail/1016803/ . live .
  73. Web site: Reliance in process of momentous leadership transition, says Mukesh Ambani . 2022-10-10 . India Today . 29 December 2021 . en . 10 October 2022 . https://web.archive.org/web/20221010120145/https://www.indiatoday.in/business/story/reliance-industries-leadership-transition-future-mukesh-ambani-1893666-2021-12-29 . live .
  74. Web site: Company History . Moneycontrol.com . 22 August 2013 . https://web.archive.org/web/20140428154250/http://www.moneycontrol.com/company-facts/relianceindustrialinfrastructure/history/RII . 28 April 2014 . live .
  75. Web site: About us . RIIL.in . 18 August 2013 . https://web.archive.org/web/20091228171136/http://www.riil.in/ . 28 December 2009 . live .
  76. Web site: Bhula . Pooja . 19 July 2023 . Who Owns Your Media: Network18's journey from a production house to a broadcast behemoth . Newslaundry.
  77. News: 2016-02-19 . Former Indian military personnel to guard Reliance Industries' assets . en-IN . The Hindu . 2023-03-29 . 0971-751X . 4 April 2023 . https://web.archive.org/web/20230404151307/https://www.thehindu.com/business/Former-Indian-military-personnel-to-guard-Reliance-Industries%E2%80%99-assets/article60248743.ece . live .
  78. News: 30 September 2012 . Changing its DNA . Business Today . live . 26 August 2013 . https://web.archive.org/web/20121201101151/http://businesstoday.intoday.in/story/reliance-life-sciences-future-projects/1/187980.html . 1 December 2012.
  79. News: Reliance Industries: RIL-backed firm Embibe gets 91% stake in Funtoot . The Economic Times . 2021-04-24 . 24 April 2021 . https://web.archive.org/web/20210424192656/https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/ril-backed-firm-embibe-gets-91-stake-in-funtoot/articleshow/72862304.cms . live .
  80. Web site: Mukesh Ambani doubles his bet on edtech – Reliance Industries invests ₹500 crore in startup Embibe . 2021-04-24 . Business Insider . 24 April 2021 . https://web.archive.org/web/20210424192657/https://www.businessinsider.in/business/startups/news/mukesh-ambani-doubles-his-bet-on-edtech-reliance-industries-invests-500-crore-in-startup-embibe/articleshow/75009229.cms . live .
  81. Web site: Company Overview of Reliance Logistics Private Limited . dead . https://archive.today/20130628201458/http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=37472326 . 28 June 2013 . 27 August 2013 . Bloomberg BusinessWeek.
  82. Web site: About us, Reliance Logistics . dead . https://web.archive.org/web/20101121073034/http://www.reliancelogistics.com/html/aboutus/aboutus.html . 21 November 2010 . 18 August 2013 . Reliancelogistics.com.
  83. News: 25 September 2007 . Reliance in deal with CONCOR for logistics venture . dead . 27 August 2013 . https://archive.today/20130827105115/http://www.hindustantimes.com/business-news/CorporateNews/Reliance-in-deal-with-CONCOR-for-logistics-venture/Article1-249539.aspx . 27 August 2013.
  84. Web site: Reliance Logistics Ltd . live . https://web.archive.org/web/20140228134927/http://www.supplychainleaders.com/provider/reliance-logistics-ltd/800/ . 28 February 2014 . 27 August 2013 . Supplychainleaders.com.
  85. Web site: 31 March 2009 . Reliance set to combine two logistics arms . live . https://web.archive.org/web/20160130072624/http://www.mydigitalfc.com/news/reliance-set-combine-two-logistics-arms-648 . 30 January 2016 . 27 August 2013 . Financial Chronicle.
  86. Web site: About us, Reliance Solar . dead . https://web.archive.org/web/20130911212431/http://www.relsolar.com/aboutus.html . 11 September 2013 . 18 August 2013 . Relsolar.com.
  87. Web site: 2022-08-29 . Mukesh Ambani's youngest son Anant to lead new energy sector at Reliance . 2022-10-10 . Hindustan Times . en . 10 October 2022 . https://web.archive.org/web/20221010120150/https://www.hindustantimes.com/business/mukesh-ambani-s-youngest-son-anant-to-lead-new-energy-sector-at-reliance-101661773865074.html . live .
  88. Web site: 20 February 2018 . Mukesh Ambani's Reliance Industries Takes Stake in Eros International . live . https://web.archive.org/web/20181104045950/https://variety.com/2018/biz/asia/mukesh-ambani-reliance-industries-take-eros-1202704828/amp/ . 4 November 2018 . 3 November 2018.
  89. Web site: Reliance Industrial Investments & Holdings Ltd - Company Profile and News. 2021-04-24. Bloomberg.com. en. 24 April 2021. https://web.archive.org/web/20210424192655/https://www.bloomberg.com/profile/company/587677Z:IN. live.
  90. Web site: Kurup. Rajesh. RJio gets approval for Brookfield deal from DoT, SEBI. 2021-04-24. @businessline. 28 August 2020. en. 24 April 2021. https://web.archive.org/web/20210424192655/https://www.thehindubusinessline.com/info-tech/rjio-gets-approval-for-brookfield-deal-from-dot-sebi/article32468215.ece. live.
  91. News: Barman. Arijit. Mukesh Ambani buys Britain's iconic country club Stoke Park for 57 million pounds. The Economic Times. 2021-04-24. 24 April 2021. https://web.archive.org/web/20210424192657/https://economictimes.indiatimes.com/news/company/corporate-trends/mukesh-ambani-buys-britains-iconic-country-club-stoke-park-for-57-million-pounds/articleshow/82210759.cms. live.
  92. Web site: RIL to continue acquisition spree in 2021. 2021-04-24. @businessline. 7 March 2021. en. 24 April 2021. https://web.archive.org/web/20210424192657/https://www.thehindubusinessline.com/companies/ril-to-continue-acquisition-spree-in-2021/article34011163.ece. live.
  93. Web site: www.ETEnergyworld.com. Reliance Industries acquires majority equity stake in skyTran Inc - ET EnergyWorld. 2021-04-24. ETEnergyworld.com. en. 24 April 2021. https://web.archive.org/web/20210424192657/https://energy.economictimes.indiatimes.com/news/oil-and-gas/reliance-industries-acquires-majority-equity-stake-in-skytran-inc/81265381. live.
  94. Web site: Reliance Sibur. www.reliancesibur.com. 1 March 2024. 10 December 2023. https://web.archive.org/web/20231210065817/https://reliancesibur.com/. live.
  95. Web site: About us, Relicord . Relicord.com . 18 August 2013 . dead . https://web.archive.org/web/20130812161720/http://www.relicord.com/ . 12 August 2013 .
  96. Web site: AABB Accredited Cord Blood (CB) Facilities . AABB.org . 18 August 2013 . https://web.archive.org/web/20140502053116/http://www.aabb.org/sa/facilities/celltherapy/Pages/CordBloodAccrFac.aspx . 2 May 2014 . live .
  97. Web site: Welcome to Reliance Institute of Life Sciences . 18 August 2013 . RILS.com . dead . https://web.archive.org/web/20130808002944/http://www.rils.ac.in/ . 8 August 2013 .
  98. Web site: Reliance Institute of Life Sciences . Minglebox.com . 26 August 2013 . https://web.archive.org/web/20140819201507/http://www.minglebox.com/college/Reliance-Institute-of-Life-Sciences-Navi-Mumbai . 19 August 2014 . live .
  99. Web site: Clinical Research Services (CRS) group of Reliance Life Sciences . RelLife.com . 18 August 2013 . https://web.archive.org/web/20131020232522/http://www.rellife.com/rcrs_home.html . 20 October 2013 . live .
  100. Web site: LYF Smartphones - Its All About Your Lifestyle . MyLYF . 1 March 2016 . https://web.archive.org/web/20160306101046/https://www.mylyf.com/about . 6 March 2016. live.
  101. Web site: 2017-03-29. Reliance Industries Ltd sells its 76% stake in Gulf Africa Petroleum to Total. 2021-04-24. The Financial Express. en-US. 24 April 2021. https://web.archive.org/web/20210424193415/https://www.financialexpress.com/industry/reliance-industries-ltd-sells-its-76-stake-in-gulf-africa-petroleum-to-total/607516/. live.
  102. News: Market. Capital. 2019-03-15. Brookfield sponsored India Infrastructure Trust to acquire East-West Pipeline for Rs. 13,000 cr. Business Standard India. 2021-03-10. 25 July 2023. https://web.archive.org/web/20230725210859/https://www.business-standard.com/article/news-cm/brookfield-sponsored-india-infrastructure-trust-to-acquire-east-west-pipeline-for-rs-13-000-cr-119031500208_1.html. live.
  103. Web site: Reliance Industries AGM full text. 21 July 2017 . 21 July 2017. https://web.archive.org/web/20170806222049/http://www.financialexpress.com/industry/reliance-industries-agm-full-text-of-mukesh-ambani-speech-here-is-what-he-said-on-jio/773105/. 6 August 2017. live.
  104. News: RIL bags Refiner of the Year Award . The Economic Times . 22 March 2013 . 20 August 2013 . https://web.archive.org/web/20140301140316/http://articles.economictimes.indiatimes.com/2013-03-22/news/37936849_1_jamnagar-refinery-ril-refinery-and-petrochemical-complex . 1 March 2014 . live .
  105. Web site: India's Most Trusted Brands 2014. dead. https://web.archive.org/web/20150502221904/http://www.trustadvisory.info/allindia_2014.html. 2 May 2015. dmy-all.
  106. Web site: Tata, Reliance, Mahindra & Mahindra, 3 Mumbai brands among Indias 10 Most Trusted, but Delhi flexes muscles too. The Financial Express. 4 February 2014 . 26 August 2018.
  107. News: Reliance Industries Ltd gets certified as a 'Responsible Care' under American Chemistry Council . The Economic Times . 4 March 2012 . 22 August 2013 . https://web.archive.org/web/20140301140439/http://articles.economictimes.indiatimes.com/2012-03-04/news/31121456_1_reliance-industries-petrochemical-business-ril . 1 March 2014 . live .
  108. Web site: Top 100 Chemical Companies 2012 . ICIS.com . 10 September 2012 . 22 August 2013 . https://web.archive.org/web/20140615071326/http://www.icis.com/contact/request-free-top-100-chemical-companies-2012/ . 15 June 2014 . live .
  109. Web site: Award for Sustainability(GPAS) . Goldenpeacockawards.com . 25 August 2013 . https://web.archive.org/web/20140228045327/http://www.goldenpeacockawards.com/award-for-sustainability.html . 28 February 2014 . live .
  110. News: RIL named among 25 sustainable value creators globally: BCG . The Economic Times . 14 October 2009 . 25 August 2013 . https://web.archive.org/web/20140301140050/http://articles.economictimes.indiatimes.com/2009-10-14/news/27645356_1_value-creators-value-creation-gilead-sciences . 1 March 2014 . live .
  111. News: RIL among world's 100 best-managed cos . Rediff.com . 29 August 2000 . 25 August 2013 . https://web.archive.org/web/20121018133217/http://www.rediff.com/us/2000/aug/29us.htm . 18 October 2012 . live .
  112. Web site: Mukesh Ambani admits to differences with Anil . Rediff.com . 18 November 2004 . 28 August 2013 . https://web.archive.org/web/20130805092559/http://www.rediff.com/money/2004/nov/18ril.htm . 5 August 2013 . live .
  113. News: Ambani vs Ambani . India Today . 6 December 2004 . 28 August 2013 . https://web.archive.org/web/20131019053540/http://indiatoday.intoday.in/story/mukesh-anil-ambani-ownership-battle-threatens-reliance-group-future/1/195070.html . 19 October 2013 . live .
  114. Web site: Reliance Industries Rights Issue Gains 15% A Day After Stellar Debut. NDTV.com. 21 May 2020. 1 March 2024. 4 June 2023. https://web.archive.org/web/20230604122653/https://www.ndtv.com/business/reliance-industries-limited-rights-entitlement-share-price-ril-re-drops-6-after-stellar-debut-2232488. live.
  115. Web site: Cover Story: Ambani Settlement . India Today . 4 July 2005 . 28 August 2013 . https://web.archive.org/web/20131018013551/http://archives.digitaltoday.in/indiatoday/20050704/cover.html . 18 October 2013 . live .
  116. Web site: Reliance Industries: Milestones of an oil giant . NDTV.com . 28 August 2013 . https://web.archive.org/web/20131002041757/http://www.ndtv.com/photos/business/reliance-industries-milestones-of-an-oil-giant-13970 . 2 October 2013 . live .
  117. Web site: Corporate Announcement – Reliance Industries hands over control of Four Demerged Companies to ADAG . Bseindia.com/ . 8 February 2006 . 28 August 2013 . https://web.archive.org/web/20131019150928/http://www.bseindia.com/corporates/anndet_new.aspx?newsid=c3f7d039-35d6-4f0c-994a-8e5f9bda7859 . 19 October 2013 . live .
  118. Web site: Reliance demerger: What should you do? . Rediff.com . 17 January 2006 . 27 August 2013 . https://web.archive.org/web/20131019064909/http://www.rediff.com/money/2006/jan/17spec.htm . 19 October 2013 . live .
  119. News: RIL pens demerger buyout cost . Business Standard . 17 January 2006 . 28 August 2013 . https://web.archive.org/web/20131021081405/http://www.business-standard.com/article/companies/ril-pens-demerger-buyout-cost-106011701130_1.html . 21 October 2013 . live .
  120. Web site: Blind Ambition . live . https://web.archive.org/web/20180614021254/https://www.outlookindia.com/magazine/story/blind-ambition/200504 . 14 June 2018 . 26 August 2018 . Outlookindia.com/.
  121. Web site: Outlook Web Desk . 2022-01-29 . A History Of Controversies . live . https://web.archive.org/web/20230428145257/https://www.outlookindia.com/magazine/story/a-history-of-controversies/200497 . 2023-04-28 . 2024-03-20 . Outlook India . en.
  122. News: NICL scam: CBI files charges against Reliance Industries Limited, 4 retired insurance firm employees . live . https://web.archive.org/web/20180710230142/https://timesofindia.indiatimes.com/business/india-business/NICL-scam-CBI-files-charges-against-Reliance-Industries-Limited-4-retired-insurance-firm-employees/articleshow/11761605.cms . 10 July 2018 . 26 August 2018 . The Times of India.
  123. Web site: 8 September 2011 . CAG flays Oil Min for allowing RIL to retain D6 area . live . https://web.archive.org/web/20180105162550/http://indiatoday.intoday.in/story/cag-report-on-kg-basin-puts-ril-in-the-dock%E2%80%8E/1/150531.html . 5 January 2018 . 26 August 2018 . India Today.
  124. News: Meet Asia's millennial plutocrats . The Economist . 24 July 2023 . 23 July 2023 . https://web.archive.org/web/20230723215142/https://www.economist.com/business/2023/04/03/meet-asias-millennial-plutocrats . live .
  125. Web site: Independent panel to probe discrepancies in Krishna-Godavari Basin. Hindustan Times. 30 May 2014. https://web.archive.org/web/20140531201220/http://www.hindustantimes.com/business-news/ongc-moves-delhi-high-court-alleges-gas-pilferage-by-reliance/article1-1219656.aspx. 31 May 2014. live.
  126. Web site: Independent panel to probe discrepancies in Krishna-Godavari Basin. News.biharprabha.com. 30 May 2014. https://web.archive.org/web/20140531090222/http://news.biharprabha.com/2014/05/independent-panel-to-probe-discrepancies-in-krishna-godavari-basin/. 31 May 2014. live.
  127. Web site: 521 Raranjoy Guha Thakurta, the two faces of Dhirubhai Ambani . 15 April 2018 . https://web.archive.org/web/20180110123817/http://www.india-seminar.com/2003/521/521%20paranjoy%20guha%20thakurta.htm . 10 January 2018 . dead .
  128. News: NICL scam: 13 sentenced to jail. Press Trust of India. 24 January 2014. 26 August 2018. Business Standard. https://web.archive.org/web/20180617215918/https://www.business-standard.com/article/pti-stories/nicl-scam-13-sentenced-to-jail-114012401087_1.html. 17 June 2018. live.
  129. [Reliance Industries#cite note-80]
  130. Web site: Reliance violated contract terms in KG Basin, finds CAG report. The Financial Express. 9 September 2011 . 26 August 2018. https://web.archive.org/web/20141031160402/http://www.financialexpress.com/news/Reliance-violated-contract-terms-in-KG-Basin--finds-CAG-report/843940. 31 October 2014. live.
  131. Web site: Petition against 4G licence to Reliance Jio: Apex court seeks Centre's reply. Business Line. 9 May 2014 . 26 August 2018. https://web.archive.org/web/20140511093057/http://www.thehindubusinessline.com/companies/petition-against-4g-licence-to-reliance-jio-apex-court-seeks-centres-reply/article5993872.ece#comments. 11 May 2014. live.
  132. Web site: Reliance Jio goes for the kill. Rediff.com. 26 August 2018. https://web.archive.org/web/20180928123359/http://www.rediff.com/business/slide-show/slide-show-1-reliance-jio-goes-for-the-kill/20140117.htm#1. 28 September 2018. live.
  133. Web site: DoT refutes CAG's charges of favouring Reliance Jio by allowing it to convert its ISP permit into a unified license - Economic Times . 4 July 2014 . https://web.archive.org/web/20140707140052/http://articles.economictimes.indiatimes.com/2014-07-01/news/51002815_1_bwa-reliance-jio-infocomm-reliance-industries-unit . 7 July 2014 . dead .
  134. News: Too bad for Amazon, Mukesh Ambani's Reliance has seized the future of retail in India . ThePrint . 16 March 2022 . 27 March 2022 . 27 March 2022 . https://web.archive.org/web/20220327070240/https://theprint.in/opinion/too-bad-for-amazon-mukesh-ambanis-reliance-has-seized-the-future-of-retail-in-india/875443/ . live .
  135. News: Roy . Abhirup . Kalra . Aditya . Explainer: Amazon's battle with Reliance for India retail supremacy . Reuters . 16 March 2022 . en . 27 March 2022 . 27 March 2022 . https://web.archive.org/web/20220327070243/https://www.reuters.com/world/india/amazons-battle-with-reliance-india-retail-supremacy-2022-03-08/ . live .
  136. News: 'Shops gone': How RIL stunned Amazon in battle for Future Retail . The Indian Express . 7 March 2022 . en . 27 March 2022 . 27 March 2022 . https://web.archive.org/web/20220327070240/https://indianexpress.com/article/business/companies/shops-gone-how-ril-stunned-amazon-in-battle-for-future-retail-7804155/ . live .
  137. News: Kalra . Aditya . Roy . Abhirup . After talks with India's Future fail, Amazon goes on the attack in newspaper ads . Reuters . 15 March 2022 . en . 27 March 2022 . 27 March 2022 . https://web.archive.org/web/20220327070244/https://www.reuters.com/world/india/amazon-accuses-indias-future-reliance-fraud-newspaper-ads-2022-03-15/ . live .
  138. Web site: SEBI fines Reliance Industries, Mukesh Ambani Rs 40 crore for 'manipulative trades' in 2007. Scroll Staff. Scroll.in. 2 January 2021. 29 January 2023. 29 January 2023. https://web.archive.org/web/20230129083618/https://scroll.in/latest/982968/sebi-fines-reliance-industries-mukesh-ambani-rs-40-crore-for-manipulative-trades-in-2007. live.
  139. News: Reliance Petroleum case | SEBI fines Reliance Industries, Mukesh Ambani, two other entities. The Hindu. 1 January 2021. www.thehindu.com. 29 January 2023. 29 January 2023. https://web.archive.org/web/20230129055419/https://www.thehindu.com/business/Industry/sebi-fines-reliance-industries-mukesh-ambani-two-other-entities-in-rpl-case/article33474227.ece. live.
  140. Web site: RPL case: Sebi slaps fine on Reliance, Ambani. Kalpana. Pathak. 1 January 2021. mint. 29 January 2023. 29 January 2023. https://web.archive.org/web/20230129055419/https://www.livemint.com/companies/news/rpl-case-sebi-fines-reliance-industries-mukesh-ambani-two-other-entities-11609514042845.html. live.
  141. Web site: SEBI imposes penalty on Mukesh Ambani and Reliance Industries for manipulative trading. Business Insider. 29 January 2023. 29 January 2023. https://web.archive.org/web/20230129055411/https://www.businessinsider.in/business/news/sebi-imposes-penalty-on-mukesh-ambani-and-reliance-industries-for-manipulative-trading/articleshow/80071715.cms. live.
  142. News: India's Reliance Industries and chairman fined over share trades. Reuters. 1 January 2021. www.reuters.com. 29 January 2023. 29 January 2023. https://web.archive.org/web/20230129060541/https://www.reuters.com/article/india-reliance-penalty-idUSKBN2962DY. live.
  143. News: Reliance Industries Falls After Manipulation Charge, Trading Ban. Bloomberg. 27 March 2017. www.bloomberg.com. 29 January 2023. 30 March 2017. https://web.archive.org/web/20170330012055/https://www.bloomberg.com/news/articles/2017-03-27/reliance-industries-falls-after-manipulation-charge-trading-ban. live.

This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "Reliance Industries".

Except where otherwise indicated, Everything.Explained.Today is © Copyright 2009-2024, A B Cryer, All Rights Reserved. Cookie policy.