Thursday, 28 October 2021

Tag Archives: Reliance Industries

Facebook to buy 10% stake in telco India for $5.7b

BENGALURU: Facebook will buy a 10% stake in the digital business of India’s Reliance Industries for $5.7 billion, as the social media firm looks to leverage its highly popular WhatsApp chat service to offer digital payment services. The deal will help the Indian conglomerate cut debt that has piled up ...

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Reliance Industries buys global toy retailer Hamleys

MUMBAI: India’s Reliance Industries has acquired British toy retailer Hamleys, the energy-to-telecoms conglomerate said. Reliance Industries, which runs the world’s biggest single-location crude oil refinery in western India, has been gradually transforming itself into a consumer-facing behemoth through its retail and telecoms ventures. Through its Reliance Brands subsidiary, the company ...

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