Reliance

Reliance Group, founded by Shri Dhirubhai Ambani, is among the top three most expensive private trading houses in India. Reliance Group's business interests range from telecommunications (Reliance Communications) to financial operations (Reliance Capital Ltd) to power ( Reliance Infrastructure Limited).

2024: Rosneft and Reliance strike biggest ever Indian-Russian oil deal

In December 2024, Rosneft and Reliance entered into the largest ever Indian-Russian oil supply deal, Bloomberg sources said.

Rosneft will supply 500,000 barrels per day of various grades of oil.

The largest energy deal in history at $13 billion a year at current prices. Prices and volumes will be revised annually, sources say.

The agreement strengthens India-Russia energy ties. Both countries benefit amid Western sanctions against Russia.

2021: Defeat in dispute with Amazon over Future Retail purchase

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

The ruling of the Singapore emergency arbitrator, who stopped the deal worth $3.4 billion, dollars is subject to execution in India.

The verdict was the end of a local phase of a bitter fight between Jeff Bezos-founded Amazon and India's second-largest supermarket chain, which Mukesh Ambani's Reliance Industries wants to acquire.

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

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, with the aim of producing budget smartphones for the poor in India.

Google and Jio Platforms have signed a commercial agreement to jointly develop a low-cost 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 movies, 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 a digital payment service 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 allowing data, voice and video to be transmitted over wireless and wired channels, as well as offering users a full range of infocommunication services.

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