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Stoke Park: Mukesh Ambani buys Britain's iconic country club Stoke Park for around Rs 592 crore | India Business News

NEW DELHI: Billionaire Mukesh Ambani s Reliance Industries Ltd has bought Britain s iconic country club and luxury golf resort, Stoke Park, for 57 million pounds (about Rs 592 crore).
The acquisition adds to Reliance s current stake in Oberoi hotels and hotel/managed residences in Mumbai that it s developing.
Over the past four years, Reliance has announced $3.3 billion in acquisitions with 14 per cent in retail, 80 per cent in technology, media, and telecom (TMT) sector, and 6 per cent in energy.
The UK-based firm, which owns a hotel and golf course in Buckinghamshire, UK, will add to Reliance s consumer and hospitality assets, the firm said in a filing late on Thursday. ....

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Tesla hires former Reliance top exec Chithra Thomas as its HR head for India

Thomas joins Tesla after spending over six years at
Reliance Retail, where she was vice president and head of HR for the company’s e-commerce initiative Ajio.com.
Tesla, which is setting up its office in Bengaluru, Karnataka, has also reportedly shortlisted Delhi, Mumbai, Bengaluru for its first showroom in the country.Elon Musk’s Tesla is setting up its India operations fast and is also assembling its leadership team. The US-headquartered electric vehicle (EV) giant has hired
Chithra Thomas as its human resources (HR) lead in the country.
Thomas joins Tesla after spending over six years at Reliance Retail, where she was vice president and head of HR for the company’s e-commerce initiative Ajio.com. ....

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Reliance Acquires Another British Iconic Firm, Stoke Park for $79 Million

By
siliconindia | Friday, 23 April 2021, 04:38 Hrs
Mukesh Ambani’s Reliance Industries has acquired the Stoke Park Ltd. The deal was closed for 57 million pounds ($79 million).
In a filing, Reliance states that the U.K.-based firm possesses a hotel and golf course, would now add to Reliance s consumer and hospitality assets.
Ambani, richest person in Asia, is planning to pivot his oil-reliant business toward consumer offerings. However, in recent years he has procured iconic British toy store Hamleys and has swiftly become India s biggest telecom operator by subscribers since the inception of its services in 2016. Facebook, Google and a clutch of private equity and sovereign wealth funds have capitalised more than $25 billion into Ambani’s businesses betting on their success. ....

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Reliance Entertainment CEO Shibasish Sarkar: How Business Runs Amid The Pandemic

Reliance Entertainment CEO Shibasish Sarkar: How Business Runs Amid The Pandemic
forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.

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Reliance Steel & Aluminum Guides Q2 Adj EPS Above Estimates

Reliance Steel & Aluminum Guides Q2 Adj EPS Above Estimates
WASHINGTON (dpa-AFX) - While reporting financial results for the first quarter on Thursday, metals service center company Reliance Steel & Aluminum Co. (RS) said it expects adjusted earnings for the second quarter in a range of $4.20 to $4.40 per share, as the company expects its average selling price per ton sold for quarter to be up 5 to 7 percent.
On average, six analysts polled by Thomson Reuters expect the company to earn $3.27 per share for the quarter. Analysts estimates usually exclude special items.
The Company also estimates that tons sold will be flat to up 2 percent in the second quarter of 2021 compared to the prior quarter. ....

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