Latest news with #RelianceIndustries'
Time of India
15-05-2025
- Business
- Time of India
Mukesh Ambani's Reliance gets $2.9 bn in biggest India loan since 2023
Mukesh Ambani-owned Reliance Industries has obtained a dual-currency borrowing of $2.9 billion-equivalent, the largest offshore Indian loan in over a year, as per a report by Bloomberg. About 55 lenders joined the facility, making it the largest bank group for a syndicated loan in Asia so far this year, people familiar with the matter told Bloomberg. The interest shows lenders' appetite for quality assets in a market starved for deals. Asia Pacific ex-Japan loan volumes hit a 20-year low so far in 2025, closing about $29 billion of deals denominated in US dollars, euros and yen — also known as G3 currencies, according to Bloomberg-compiled data. "Reliance Industries' loan is split into a $2.4 billion tranche and a ¥67.7 billion ($462 million) piece, the people told Bloomberg, adding that the facility agreement was signed on May 9." Bloomberg data shows that RIL has repayments worth about $2.9 billion, including interest payments, due in 2025. Live Events Reliance Industries is currently rated one notch above India's sovereign grade, a rare instance of when a company's creditworthiness is higher than the country it's based in. The borrower is rated Baa2 by Moody's Ratings and BBB by Fitch Ratings.
India.com
15-05-2025
- Business
- India.com
Mukesh Ambani to gain Rs 100000000000 if he sells stock of..., profit will be...
Mukesh Ambani (File) New Delhi: Mukesh Ambani, India's richest man, is likely to make a massive Rs 10,000 crore profit on a Rs 500 crore investment. According to the reports, the investment was made at the height of the 2008 global financial crisis. In what stands as one of the most profitable stock market moves in recent times, Reliance Industries' investment in Asian Paints has surged to an impressive Rs 10,500 crore without counting dividends. In 2008, amid the global financial crisis and the collapse of Lehman Brothers that left markets in turmoil, Reliance Industries Limited acquired a 4.9 percent stake in Asian Paints through its investment arm, Ojasvi Trading. Today, for Reliance, that move is bearing fruit in the kind of numbers even private equity dreams are made of. According to an Economic Times report, RIL has revived plans to sell its entire 4.9% stake in Asian Paints, nearly two decades after buying in. The timing of this move is just as compelling as the investment itself. Over the last three years, the shares of Asian Paints have shed 25 percent, making it one of the worst-performing blue-chip stocks in that period. Its once-impregnable fortress is now under siege — notably from Birla Opus Paints, a new entrant backed by the Aditya Birla Group. Asian Paints' market share has fallen from 59% to 52% in FY25, according to Elara Securities. 'We strongly believe that as a brand we need to take calibrated action to ensure that we tackle the competition in a more sustainable way,' Asian Paints CEO Amit Syngle told investors recently. However, challenges persist. The company has reported subdued revenue growth for four consecutive quarters, attributing it to weak urban demand and an early Diwali. More worrisome is the pressure on margins—despite a decline in raw material costs, rising rebates and intensified competition have led to a year-on-year contraction in gross margins.
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Business Standard
08-05-2025
- Business
- Business Standard
India will never stay silent in the face of terror, says Mukesh Ambani
Reliance Industries' (RIL) Chairman and Managing Director Mukesh Ambani on Thursday said Prime Minister Narendra Modi's leadership has demonstrated that India will never remain silent in the face of terror. 'We will not tolerate a single attack on our soil, on our civilians, or on the brave men and women who defend our nation. The last few days have shown that every threat to our peace will be met with firm and decisive action,' he said. In a statement, Ambani said that the Reliance family is ready to support any measure in protecting the nation's unity and integrity. 'We like our fellow Indians believe – India seeks peace, but not at the cost of its pride, security or sovereignty,' he said. 'We are very proud of our Indian Armed Forces for Operation Sindoor,' the billionaire said. Ambani said under the bold and decisive leadership of Modi, the Indian armed forces have responded with precision and power to every provocation from across the border.
India.com
06-05-2025
- Business
- India.com
Mukesh Ambani's another BIG investment of Rs 840000000000 in…,in next 3 years JioStar will…
Mukesh Ambani, India's richest man, alone is enough for Pakistan, his wealth is twice of Pakistan's annual budget, his net worth is.... Mukesh Ambani led JioStar has announced plans to invest over Rs 84,000 crore ($10 billion) in content creation over the next three years. This decision was announced by Vice Chairman Uday Shankar during his address at the World Audio Visual & Entertainment Summit (WAVES) 2025. JioStar, a joint venture between Reliance Industries' Viacom18 and the Walt Disney India unit. The unit is focusing on its content for its growth. Shankar stated that the platform is delivering premium and diverse content to its audience. Speaking at a session at the first World Audio Visual & Entertainment Summit (WAVES) here, he also said the industry needs to focus on 2-3 big drivers, including creating more content, which is tailored and customised to the Indian needs. 'In FY2024, the two companies spent Rs 25,000 crore on content alone. In FY2025, it went to Rs 30,000 crore and the number for the FY26 will be over Rs 32,000-33,000 crores,' Shankar said. 'So, in three years alone, we have spent more than USD 10 billion,' he said. He said the domestic screen entertainment or video entertainment industry is currently pegged at USD 30 billion while in the US its size is around USD 200 billion and in China USD 75 billion. Stating that the value, the space or rate at which the growth has taken place over the last 30 years, in the next 15 years also it will continue to grow but there are two or three big drivers that are needed to focus on. Besides creating more content which is customised, tailored for Indian needs, he said we have to take distribution even deeper. (With inputs from PTI)
CNBC
05-05-2025
- Business
- CNBC
'There is a lot to like' in LATAM markets amid global tariff uncertainty: Allspring
Allspring's Derrick Irwin highlights "huge surprise" with Latin American strength amid tariffs, while praising Reliance Industries' "very solid" strategy amid Asia's continued outperformance.
