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In 2005, GAS and Ryemetal (a major supplier) amalgamated to form Reliance WorldWide Corporation (Aust). At the same time, the new RWC entered the US market with the acquisition of Cash Acme, the world’s largest volume temperature and pressure valve manufacturer.
Reliance Commercial Corporation was founded by Dhirubhai Ambani in 1966 as a polyester firm. It was renamed to Reliance Industries on 8 May 1973. Reliance later entered into financial services, petroleum refining, and power sector. By 2002, Reliance had grown into a U$15 billion conglomerate. After the death of Dhirubhai Ambani on 6 July 2002 ...
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. [34] [35] In the same year, Reliance and BP announced a partnership in the oil and gas business.
Reliance Global Group, Inc (NASDAQ:RELI) (NASDAQ:RELIW) provided an update on the pending acquisition of Spetner Associates, including a significant reduction in the upfront cash payment required ...
The company's 2020 result looks promising with a 63.55% top-line growth and narrowed losses
By Aditya Kalra and Munsif Vengattil. NEW DELHI (Reuters) - Billionaire Mukesh Ambani's Reliance has asked India's telecom regulator to review the potential reach of Elon Musk's Starlink and ...
In 2011, Reliance Globalcom set up world's first global Mediterranean gateway and hub in Europe set up with Hawk cable system. [13] [14] [15] In April 2013, Reliance Globalcom integrated Hawk cable system with Reliance Global Network. [16] [17] Later in December, it upgraded Trans-Atlantic cable with 100G technology. [18] [19]
Based upon Reliance's outstanding borrowings as of March 31, 2013, Reliance's net debt-to-total capital ratio, on a pro forma basis giving effect to the acquisition of Metals USA and the financing ...