Business Career

In 1980, the Indian government under Indira Gandhi opened PFY (polyester filament yarn) manufacturing to the private sector. Dhirubhai Ambani applied for a license to set up a PFY manufacturing plant.

Reliance Retail Ltd. is a subsidiary company of Reliance Industries. Founded in 2006 and based in Mumbai, it is the largest retailer in India in terms of revenue

“We are the only organised retailer with a significant presence in the northeast,” Ambani said at Reliance Industries 40th AGM.

Reliance Industries Limited is committed to innovation-led, exponential growth in the areas of hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and telecommunications.

Mukesh Ambani, an extreme innovator and believer in game-changing businesses of the future, joined Reliance Industries Limited in 1981 and became its Chairman and Managing Director in 2002.

Mukesh Ambani -owned Reliance Retail on Monday reported 65.6% increase in profit before depreciation interest and taxes (PBDIT) year-on-year to Rs 366 crore in Q4FY17.

Mukesh Ambani-led Reliance Jio Infocomm Limited will acquire wireless infrastructure assets of Anil Ambani's Reliance Communications. Reliance Jio will acquire towers, optic fiber cable network or OFC, 4G Spectrum from RCom.

Reliance Communications Ltd. (stylised as RCom) is a telecommunications company headquartered in New Mumbai, India. It is a subsidiary of Reliance Anil Dhirubhai Ambani Group.

Shares of Anil Ambani-controlled Reliance Communications surged nearly 35 per cent to Rs 41.77 today after the telecom operator signed an agreement to sell its wireless assets to Reliance Jio Infocomm, the telecom arm of elder brother and billionaire Mukesh Ambani's oil conglomerate Reliance Industries. While the two companies did not disclose the deal size, Press Trust of India, citing banking sources, pegged the transaction value at Rs 24,000 crore to Rs 25,000 crore. The mega deal, announced on Thursday, also coincided with the 85th birth anniversary of Reliance founder Dhirubhai Ambani.

In 2007, Anil Ambani's worth was $45 bn, while Mukesh's was $49 bn. In 2017 Forbes List, Anil's worth had shrunk to just $3.15 bn while Mukesh's was $38 bn.

Mukesh Ambani’s Reliance Jio agreed to buy spectrum, towers and other wireless infrastructure of his young brother Anil Ambani’s Reliance Communications that’s selling assets to repay lenders.

Reliance Petroleum Limited was set up by Reliance Industries Limited (RIL), one of India's largest private sector companies based in Ahmedabad.

Almost 2 % of the entire crude in the world will be processed in Jamnagar.

The handset will be effectively free of cost with a fully refundable security deposit of Rs 1,500.

Invested over Rs 150,000 crore in Reliance Jio's 4G, telecom venture: Mukesh Ambani - The soon-to-be-launched Jio would come with a whole host of applications and services and huge library of audio and visual content.

Mukesh Ambani, India's richest man, is pulling out all the stops to make his telecom venture fly. On July 21, Ambani announced that Reliance Jio will offer free 4G-enabled phones to its subscribers—although buyers will put down a "fully refundable" one-time security deposit of Rs1,500 ($23.32). "...there are more than 50 crore (500 million) feature phone...

Long-delayed Jio telecoms venture poised to launch by December

Reliance Jio Infocomm Limited or Jio is an LTE mobile network operator in India.

Mukesh Ambani said Reliance would also invest an additional Rs 5,000 crore-plus in the state in non-Jio businesses such as retail and petroleum outlets.

Ambani did not share investment details regarding the proposed electronics manufacturing unit.

Calling Bharti Airtel owner Sunil Mittal a friend, the RIL owner said