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Campa goes global: Reliance Consumer launches soft drink brand in Nepal, partners with Chaudhary Group for local rollout

Reliance Consumer Products Ltd (RCPL), the fast-moving consumer goods arm of Reliance Industries, has launched its Campa Cola soft drink brand in Nepal, marking its formal entry into the neighbouring country’s food and beverage market.According to a joint statement issued on Monday, RCPL has partnered with Nepal’s largest conglomerate, Chaudhary Group (CG), to manufacture and […]

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Critical minerals push: India to make rare earth magnets in Hyderabad; G Kishan Reddy says move to cut China reliance

India will begin domestic production of rare earth magnets in Hyderabad in a bid to reduce reliance on Chinese imports and strengthen its position in critical technology manufacturing, Union Coal and Mines minister G Kishan Reddy said on Saturday.Speaking to ANI, Reddy said the Centre has tasked the National Institute for Transforming Science and Materials […]

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Reliance Infra upgrade: Infra major credit rating raised 3 notches by Ind-Ra; big move after debt clean-up

India Ratings and Research (Ind-Ra) has upgraded Reliance Infrastructure’s credit rating by three notches — from ‘IND D’ to ‘IND B / Stable / IND A4’ — on its non-fund based working capital limits, citing the company’s successful deleveraging to net zero debt and improved debt servicing record.The upgrade marks a significant improvement in the […]

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Economy

India needs to boost its petrochemical output to counter China’s dominance, Reliance says

India’s petrochemical demand for now is a tiny fraction of the global average but the nation’s consumption is set to rise as the economy expands. India needs to increase its petrochemical production capacity to meet local and global demand and contain China’s growing dominance of the sector, a senior Reliance Industries official said on Friday. […]

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Canara Bank drops ‘fraud’ tag from Reliance Communications loan a/c

MUMBAI: Canara Bank on Thursday informed the Bombay HC that it has withdrawn an order that classified Anil Ambani’s loan account connected to Reliance Communications, which is undergoing insolvency proceedings, as ‘fraudulent’. The HC bench then disposed of a petition filed by Ambani challenging the bank’s Nov 8 order. The bank had classified the loan […]

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EV battery outlook: Lithium-ion demand set to jump 48% by 2030, says ICEA report; Import reliance and EoL waste pose key challenges

The lithium-ion battery (LiB) market in India is projected to grow sharply over the next five years, led by rising demand from electric vehicles, consumer electronics, and stationary storage applications, according to a joint report released by the India Cellular and Electronics Association (ICEA) and Accenture.The report estimates that total LiB demand will reach 115 […]

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Reliance brings UK’s FaceGym to India with stake buy

MUMBAI: Reliance Retail Ventures announced on Thursday that it will buy a minority stake in UK-based FaceGym. This equity investment will bring FaceGym into India. It did not disclose financial details. FaceGym, a facial workout brand, was founded by former Financial Times journalist Inge Theron, with the first outlet opening in Selfridges, London, in 2014. […]

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New Reliance Consumer Products Ltd: Mukesh Ambani-led RIL to group all its FMCG brands under new company; IPO plans in works

Reliance Industries Limited’s chairman Mukesh Ambani has signalled intentions for initial public offerings of retail and telecommunications divisions. Billionaire Mukesh Ambani-led Reliance Industries Ltd (RIL) plans to consolidate its fast-moving consumer goods (FMCG) brands into a new entity. The new entity, to be named New Reliance Consumer Products Ltd (New RCPL), will operate as a […]

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Top 10 firms’ m-cap: Reliance leads Rs 2.34 lakh crore surge; Infosys only laggard as Sensex rises 1,650 points this week

The market capitalisation of nine of India’s top-10 most valued companies rose by Rs 2,34,565.53 crore last week, with Reliance Industries emerging as the biggest gainer in step with the buoyant equity markets.The benchmark BSE Sensex surged 1,650.73 points or 2% during the same period. From the top-10 pack, Infosys was the only firm to […]

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Rosneft in early talks with Reliance to sell stake in Nayara Energy; valuation key hurdle – Report

Russian oil major Rosneft has initiated preliminary discussions with Reliance Industries for a potential sale of its 49.13 per cent stake in Nayara Energy, according to sources cited by PTI. The talks, still in early stages, could mark a major consolidation in India’s oil refining and fuel retailing space, positioning Reliance to become the country’s […]

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