mukesh ambani

RIL is 1st Indian company to cross $100bn revenue

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MUMBAI: Reliance Industries’s revenue has crossed $100 billion in fiscal 2022, becoming the first Indian company to reach the milestone. The Tata Group, a collection of over 30 companies across 10 verticals, had a revenue of $103 billion in fiscal 2021. The group’s fiscal 2022 numbers are yet to be declared. On Friday, Reliance said … Read more

Reliance says cannot implement $3.4 bln deal with India’s Future Group

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MUMBAI: Reliance Industries said on Saturday its deal with Future Group “cannot be implemented” after secured creditors in the latter rejected it, the company said in an exchange filing. “The shareholders and unsecured creditors of FRL (Future Retail) have voted in favour of the scheme. But the secured creditors of FRL have voted against the … Read more