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Reliance Group is an Indian conglomerate, headquartered in Mumbai, India. The company, which was formed after Dhirubhai Ambani 's business was divided up, is headed by his younger son Anil Ambani . [ 1 ]
Originally a subsidiary of Reliance Industries (RIL), it was demerged as an independent entity and listed on the Indian stock exchanges in August 2023. [3] The company provides financial services, including payment services and insurance broking. [4] [5] Its subsidiary Jio Finance holds an NBFC license from the RBI.
Reliance Capital Limited is an Indian diversified financial services holding company promoted by Reliance Anil Dhirubhai Ambani Group. [3] [4] Reliance Capital, a constituent of Nifty Midcap 50 and MSCI Global Small Cap Index, is a part of the Reliance Group. It is amongst India's leading and most valuable financial services companies in the ...
The share prices [127] 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. [128] In October 2005, the split of Reliance Group was formalised.
The entertainment division will be led by Kevin Vaz, who is currently the top boss at Reliance's Viacom 18 Media. Reliance, Walt Disney close $8.5 billion merger of Indian media assets Skip to ...
It is a major shareholder in the other group company, Reliance Power and Reliance Naval and Engineering Limited. In Fortune India 500 list of 2019, Reliance Infrastructure was ranked as the 51st largest corporation in India with first rank in 'Infrastructure Development' category.
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]
Meta and Alphabet historically traded at a discount because of their heavy reliance on advertising revenue. In Q3, 75% of Alphabet and 98% of Meta's revenue came from advertising.