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India's largest private sector company Reliance Industries (RIL) on Friday reported a 6.1 percent increase in net profits at Rs.16,236 crore ($3.6 billion) for the fiscal ended March, compared to Rs.15,309 crore in the previous fiscal.

Reliance Infrastructure, part of the Anil Dhirubhai Ambani Group, Sunday said it has commissioned a 600 MW unit at the Rajiv Gandhi Khedar Thermal Power Plant (RGKTPP) at Hisar in Haryana.

The unit of Reliance Industries has announced the sale of some of its shell assets to Texas for about $ 10 million in the US. For getting more information about this news, visit Nukkad Talks :- https://nukkadtalks.in/reliance-industries-ne-kya-bech-diya-10-cr-dollar-me/

Indian Telecom sector is witnessing stiff competition of all time post Reliance Jio entry. Reliance Jio launched its sophisticated 4G network attached service. Reliance jio also launched LYF Smartphone brand to complete the ecosystem in order to create all in one platform.

Reliance Jio 4G service Launch in India is in news across all geographies for all good news. They claim that they have the best network, best pricing, best content and now they claimed that they acquired 16 million user within first 30 days of service launch.

Reliance Jio and Incumbent Mobile operators are at loggerhead on the issue of call failure. Reliance Jio want more number of PoI at govt rates coupled with Bill and keep mechanism which is not acceptable to Incumbent mobile operators.

Indian Telecom sector is undergoing turbulent time post Reliance Jio 4G service launch. The tariff plan announced by Reliance Jio is intentional to grab market share in terms of user whereas they don't care of revenue. Even rating agency Fitch in its assessment mentioned that Reliance Jio will barely gain 2% of Telecom revenue which is very bad news for Reliance Jio.

Reliance Jio 4G service Operator crossed 100 million and darling of Telecom sector just like Flipkart used to be darling of e-commerce sector. Reliance jio invested more than $24 Bn of investor money to build state of class network to create best 4G network. Reliance jio bought user by offering free data and voice to end user just like Flipkart bought user base through cashback and discount. Both the organisation invested billions of $ in order to ensure that user traffic continue to grow. Buying a users by offering discount is nothing but shows that one don't have a confidence on their product or service line.

Reliance jio crossed 100 million user and it's chairman Mr.Mukesh Ambani announced it with full of proudness. He should be proud of his distribution team who respected his directive and started distributing Jio SIM to everyone. Reliance jio gave upto 9 SIM per Aadhar card as identification. Mr. Mukesh Ambani gave encouraging number around data and voice traffic and he should be proud too.

The 28th list of Forbes magazine has once again put the crown of the world's richest person on the head of Microsoft owner 'Bill Gates'. He has been 15 times lucky out of 20 who beat other millionaires. He jumped a step to land on the top in the ranking having improved his net worth, i.e. $76 billion, which was $67 billion in 2013.

The stock markets Monday gave the thumbs up to the truce between the Ambani brothers with traders vying for scrips of the two Reliance groups on hopes that their businesses would grow.

The Communist Party of India-Marxist (CPI-M) Friday denounced the government's decision to hike the price of gas produced by public sector units from $1.8 per unit to $4.2 per unit, saying it has been done to suit Reliance Industries.

The Reliance General Insurance Company-led consortium, which insured Air India's fleet including the Boeing 737 aircraft that crashed Saturday in Mangalore, may not be hit hard by the accident thanks to re-insurance, experts said.

Reliance Capital, part of the Anil Dhirubhai Ambani Group, has said it will acquire an 18 percent interest in business channel Bloomberg UTV.

Mukesh Ambani-promoted Reliance Industries Ltd (RIL) has said it has signed a USD 1.7 billion joint venture agreement with US-based Atlas Energy Inc. for extracting shale gas in America.

JioPhone 2, the successor to the popular JioPhone, will go on sale for the second time in India today. The phone will be available starting 12pm via a flash sale on Jio.com. Priced at Rs. 2,999, the phone features a BlackBerry Curve-like design with QWERTY keypad and bumped up internals.

Registrations for the Jio GigaFiber broadband service began on August 15, and now, the company has launched a 90-day free preview offer for interested customers.

Reliance Décor Solutions, a leading distributor and flooring solutions provider across South India plans to introduce flooring maintenance and rejuvenation products from the US on a large scale. "In India, I've observed that there are many vendors which provide carpet or wooden flooring, but none which provideappropriate maintenance solutions," said Zain Baig, Managing Director. He further added,"Around the world, wallpapers, carpets, and wooden flooring are quite prevalent in households, restaurants, hospitals and corporate offices. However, the sale of wooden and carpet flooring is mostly limited to corporate offices in India. Such forms of interior decors for households is considered a luxury for households in India, which can primarily be attributed to the lack of awareness about its prices". "Over the past 5 years, India has emerged as a competitive market in the luxury flooring segment which primarily caters to large businesses and multinational corporations. Our mission is to increase the size of the business to achieve economies of scale and make luxury flooring affordable to everyone. The company plans to manufacture luxury flooring products in India and minimize costs by eliminating import related duties". About Reliance Décor Solutions Over two decades of industry experience has earned Reliance Enterprises its prized place as a leading distributor and flooring solutions provider of choice for customers across South India. Reliance Decor is being the preferred supplier and installer of choice for various customers across Hyderabad city. Also, company provide products ranging from Carpets, Carpet Tiles, Hardwood, Laminates, and Vinyl flooring along with a vast selection of Sheet Vinyl, Linoleum, and discounted first quality Carpeting. Our flooring solutions cater to the needs of a varied group of clientele, which includes large corporations, small business, apartments, clubs and resorts, schools and showrooms.

Reliance Retail is the biggest bricks-and-mortar retailers in terms of revenue and number of stores. Acquisition of Hamley will now give wings to RIL to compete with Amazon and Walmart.

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