Reliance

The Reliance Group, founded by Sri Dhirubhai Ambani, is one of the three most expensive private trading houses in India. Reliance Group's business interests range from telecommunications (Reliance Communications) to financial transactions (Reliance Capital Ltd) and energy ( Reliance Infrastructure Limited).

2021: Defeat in dispute with Amazon over Future Retail purchase

The Supreme Court of India in August 2021 ruled in favor of Amazon, which tried to stop the sale of debt-ridden Future Retail Ltd. to Reliance Industries Ltd., which was a great incentive for the global giant's ambitions to dominate the most important market of $1 trillion.

The decision of the Singapore emergency arbitrator, who stopped a deal worth $3.4 billion, dollars is enforceable in India.

The verdict was the end of a local phase of fierce struggle between Amazon founded by Jeff Bezos and Mukesh Ambani, the second largest supermarket chain in India, which Reliance Industries wants to acquire.

2020: Google's 7.7% sale plan to Jio Platforms for $4.5 billion

Indian Reliance Industries announced on July 15, 2020 that Google will acquire a 7.7% stake in its digital division Jio Platforms for $4.5 billion, in order to produce budget smartphones for the poor in India.

Google and Jio Platforms have signed a commercial agreement to jointly develop an inexpensive smartphone for Android operating systems.

Taking into account Google's investments, strategic and financial investors have invested $1.52 trillion rupees ($20.22 billion) in Jio over the past few months, Reliance Chairman Mukesh Ambani said at the company's annual shareholder meeting, which was held online.

Jio Platforms includes applications for listening to music and watching films, but its main component is the telecommunications company Jio Infocomm, the largest mobile operator in India with more than 387 million subscribers.

Facebook in April acquired a 10% stake in Jio for $5.7 billion, seeking to use its popular WhatsApp messenger to provide digital payments to small grocery stores in India.

2018

Reliance Group's leading company, Reliance Communications, is India's largest private company in the information and communications sector, with more than 150 million people. Reliance Communications has created a single Indian converged digital network that allows you to transmit data, voice and video over wireless and wired channels, as well as offer users a full range of information communication services.

The main company of the holding - Reliance Industries Limited - is part of Fortune Global 500