Heena Sharma Blog

Well, the website of JioMart with the tagline " India ki nayi dukaan " is a a new grocery shopping experience from Reliance Industries Limited, the country's most valued firm. This in turn is expected to take on online grocery specialists- Bigbasket and Grofers, as well as global e-commerce giants Amazon and Walmart. The JioMart app can be soon soon downloaded on apple and android platforms. Currently web services of JioMart are available in the outskirts of Mumbai, in suburbs such as Navi Mumbai, Thane and Kalyan. And this will be scaled up nationally soon. The app will not only connect consumers, but also enable kiranas to order at wholesale rates from Reliance’s cash-and-carry stores, Reliance Market, to refill their stocks. At present, the web portal is offering pre- registration discounts of Rs 3000, claims to have 50,000 plus grocery products with free home delivery and no minimum order value, no-questions-asked return policy and an express delivery p...

Dassault Aviation's joint venture with Reliance represents around 10 per cent of the offset investments under the Rafale jet deal , Dassault CEO Eric Trappier has said. "We're in talks with about 100 Indian firms, including around 30 with which we've already confirmed partnerships," Trappier told AFP. Separately on Thursday, speaking at a briefing in Paris, Defence Minister Nirmala Sitharaman reiterated the government's claim that it had no idea that Dassault Aviation would team up with Reliance Group, run by Anil Ambani. Several reports say Dassault was forced to choose Reliance by Prime Minister Narendra Modi, despite its having almost no experience in the aviation sector. On the eve of Sitharaman's visit, French investigative website Mediapart quoted the notes of a meeting between Dassault management and workers' representatives which described the choice of Reliance as "imperative and compulsory". Read Complete Artic...

Thus far in calendar year 2018, RIL has outperformed the benchmark indices to rally 36.85% Markets News : Reliance Industries on Thursday became the first company to cross Rs 8 trillion in terms of market capitalisation (market-cap), becoming the country's most valued firm At 1:59 pm, RIL's market capitalisation (m-cap) stood at Rs 8.01 trillion. In intra-day deals, the stock hit a new high of Rs 1,262.95, up over 1%, extending its gains over the past four trading days. Thus far in calendar year 2018, Mukesh Ambani-controlled RIL has outperformed the benchmark indices and rallied 36.85%. In comparison, the S&P BSE Sensex has gained 12.53% during this period. The company recently reported 17.9% year-on-year (y-o-y) growth in consolidated net profit at Rs 94.59 billion in June quarter (Q1FY19). During the June quarter, its consolidated revenue grew 56.5% yoy at Rs 1,417 billion. The company’s consumer businesses accounted for nearly 21% of consolidat...

In his speech, RIL Chairman Mukesh Ambani also spelt out the milestones achieved by Jio, which has disrupted the telecom industry and triggered a price war Companies News : Reliance Industries Limited announced on Thursday the launch of Jio Phone 2, which will have popular social media apps, and high-speed Jio GigaFibre, a broadband service that aims to boost fixed-line connectivity in India. At its 41st Annual General Meeting in Mumbai, the company demonstrated the new features on screen, explaining how YouTube, Facebook and WhatsApp on the upgraded Jio Phone 2, which boasts a horizontal screen display, will respond to a customer's voice. Jio Phone 2, priced at Rs 2,999, will hit the market on August 15. Under a monsoon offer, the company said, feature phones can be exchanged for Jio Phones for Rs 501. RIL Chairman Mukesh Ambani, India's richest man, also spelt out the milestones achieved by Jio, which has disrupted the telecom industry and triggered a p...