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The company achieved a profit of Rs. 3.80 billion. The company sold 760,000 policies during 2012–13 with total managed funds valuing to Rs. 181.89 billion, through a wide network of distribution with 1,230 offices and over 124,000 advisors. Reliance Nippon Life Insurance is a part of Reliance Capital of the Reliance Anil Dhirubhai Ambani Group.
NSE EMERGE [2] is the National Stock Exchange of India's new initiative for small and medium-sized enterprises and startup companies from India. [3] These companies can get listed on NSE without Initial public offering (IPO).
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 ...
Reliance Securities Limited is a broking arm of Reliance Capital. [1] It is one of India ’s largest retail broking houses with over 1 million customers and a pan- India presence at more than 1,700 locations. [ 2 ]
The IPO market set a record in 2021 when over 1,000 IPOs listed on U.S. exchanges. Of the 1000, 613 were SPACs while 397 were traditional IPOs. This year, only 24 SPACs have raised about $3 ...
ET Money was founded in 2015 by Mukesh Kalra, who earlier founded the fintech company Moneysights in 2009, which was later acquired by Times Internet in October 2014. . Moneysights was backed by ex-HP and IBM executive Prasad Duvvuri, Blume Ventures and Naveen Tewari of
In 2011, Reliance Capital sold 26% stake in its life insurance business, Reliance Life Insurance, to Nippon Life Insurance (Nissay), amongst the world's largest life insurers, with an AUM of over $600 billion. The transaction was completed at Rs. 3,082 crore for a 26 per cent stake, valuing Reliance Life Insurance at $2.6 billion. [35] [36]
In 1985, the name of the company was changed from Reliance Textiles Industries Ltd. to Reliance Industries Ltd. [17] During 1985 to 1992, the company expanded its installed capacity for producing polyester yarn by over 145,000 tonnes per annum. [17] The Hazira petrochemical plant was commissioned in 1991–92. [21]