RIL

Reliance and Disney Announce Strategic Joint Venture to Bring Together the Most Compelling and Engaging Entertainment Brands in India

Retrieved on: 
Wednesday, February 28, 2024

Post completion of the above steps, the JV will be controlled by RIL and owned 16.34% by RIL, 46.82% by Viacom18 and 36.84% by Disney.

Key Points: 
  • Post completion of the above steps, the JV will be controlled by RIL and owned 16.34% by RIL, 46.82% by Viacom18 and 36.84% by Disney.
  • Disney may also contribute certain additional media assets to the JV, subject to regulatory and third-party approvals.
  • The JV will be one of the leading TV and digital streaming platforms for entertainment and sports content in India, bringing together iconic media assets across entertainment (e.g.
  • Cleary Gottlieb served as lead outside counsel to Disney and Covington & Burling and AZB served as legal counsels to Disney on the transaction.

Reliance Industries Enters into Agreement to Invest Alongside Digital Realty and Brookfield Infrastructure to Expand Data Center Joint Venture in India

Retrieved on: 
Monday, July 24, 2023

AUSTIN, Texas, July 24, 2023 /PRNewswire/ -- Digital Realty (NYSE: DLR), the largest global provider of cloud- and carrier-neutral data center, colocation and interconnection solutions, announced today a planned three-way joint venture (JV) with Brookfield Infrastructure and Reliance Industries Ltd. ("RIL") to develop high-quality, highly-connected scalable data centers to meet the critical infrastructure needs of enterprises and digital services companies in India. The new JV will operate under the brand name Digital Connexion: A Brookfield, Jio and Digital Realty Company. It succeeds and builds on the strong foundation laid by BAM Digital Realty, by including RIL, India's largest private sector company, that has enabled and led India's digital transformation through Jio, as a partner. Each partner will own one-third of the joint venture. Digital Connexion expects to initially execute on the development of data center campuses on existing strategic land parcels it owns in Chennai and Mumbai.

Key Points: 
  • The new JV will operate under the brand name Digital Connexion: A Brookfield, Jio and Digital Realty Company.
  • The Indian data center market is experiencing rapid growth , driven by the growing adoption of digital technologies, cloud computing, and the surge in data consumption fueling the demand for robust and scalable data center infrastructure.
  • "This joint venture brings together three global leaders in digital infrastructure to accelerate Digital India by developing, owning and operating institutional quality carrier-and cloud neutral data centers across India."
  • Digital Connexion will have a dedicated management team in India, with leadership oversight from Digital Realty, Brookfield and RIL.

WisdomTree Announces 15% Earnings Accretive Settlement of Contractual Gold Payments

Retrieved on: 
Wednesday, May 10, 2023

WisdomTree, Inc. (NYSE: WT) (“WisdomTree” or the “Company”), a global financial innovator, today announced the closing of a transaction resulting in a full resolution of WisdomTree’s contractual gold payments obligation to ETFS Capital Limited (“ETFS Capital”) for approximately $137 million.

Key Points: 
  • WisdomTree, Inc. (NYSE: WT) (“WisdomTree” or the “Company”), a global financial innovator, today announced the closing of a transaction resulting in a full resolution of WisdomTree’s contractual gold payments obligation to ETFS Capital Limited (“ETFS Capital”) for approximately $137 million.
  • The transaction is approximately 15% accretive to 2023 consensus earnings per share (“EPS”) estimates.
  • WisdomTree CEO Jonathan Steinberg said, “I am pleased that the WisdomTree team was able to deliver such a positive result to stockholders.
  • The contractual gold payments expense was approximately $17.1 million during the year ended December 31, 2022, and approximately $4.5 million during the quarter ended March 31, 2023.

RF Code Expands Global Reach With Addition of Israel-based Discount Bank to its Client Base

Retrieved on: 
Monday, December 19, 2022

AUSTIN, Texas, Dec. 19, 2022 /PRNewswire/ -- RF Code, a pioneer of automated, real-time physical asset lifecycle management and environmental monitoring solutions for data centers, today announced the addition of Discount Bank, provider of comprehensive banking services through a network of 114 branches in Israel, to its customer base. The relationship is in partnership with RIL Eco Systems and RiT Tech, an Israeli leading provider of IT infrastructure management and connectivity solutions. RiT has also joined the RF Code data center infrastructure management (DCIM) technology partner community.

Key Points: 
  • RiT has also joined the RF Code data center infrastructure management (DCIM) technology partner community.
  • "We are excited to help our client Discount Bank evolve their data center practices and the collaboration between RF Code and RiT Tech provides us with the perfect solution," said David Lehana , CEO of RIL EcoSystems.
  • Discount Bank was founded in 1935 by the late Mr. Leon Recanati and is a part of the Discount Group.
  • RF Code is based in Austin, TX, and serves more than 200 organizations worldwide including Fortune 500, systems integrators, and value-added resellers.

EQS-News: FRX Innovations Announces Q3 2022 Financials

Retrieved on: 
Wednesday, November 30, 2022

FRX Innovations (TSXV:FRXI) (FSE:W2A) (FRX, or the Company), a leader in eco-friendly flame retardant solutions, today announced the filing of the Companys financial results for the three and six month period ended June 30th, 2022.

Key Points: 
  • FRX Innovations (TSXV:FRXI) (FSE:W2A) (FRX, or the Company), a leader in eco-friendly flame retardant solutions, today announced the filing of the Companys financial results for the three and six month period ended June 30th, 2022.
  • Chief Executive Officer Marc Lebel commented, We are pleased to announce our Q3 2022 financial results.
  • FRX completed the first close of its non-brokered private placement in the amount of CAD$ 622,000 on November 24, 2022.
  • Oct 20, 2022, FRX entered a non-binding memorandum of understanding with Polymer Compounders Ltd (PCL).

EQS-News: Reliance to Enhance Fire Retardant and Sustainable Properties of Recron® FS Using FRX Innovations’ Nofia® Technology

Retrieved on: 
Monday, October 31, 2022

FRX Innovations (TSXV:FRXI) (FSE:W2A) (FRX or the Company), a leader in eco-friendly flame retardant solutions, is pleased to announce that Reliance Industries Limited (RIL), the worlds largest producer of polyester staple fibers and filament yarns[1], will use FRX Innovations Nofia, technology to enhance the sustainable edge of its well established Recron FS, fire-resistant polyester.

Key Points: 
  • FRX Innovations (TSXV:FRXI) (FSE:W2A) (FRX or the Company), a leader in eco-friendly flame retardant solutions, is pleased to announce that Reliance Industries Limited (RIL), the worlds largest producer of polyester staple fibers and filament yarns[1], will use FRX Innovations Nofia, technology to enhance the sustainable edge of its well established Recron FS, fire-resistant polyester.
  • Nofias unique polymeric phosphorus-based chemistry helps make Recron FS more sustainable and technically superior for polyester textile applications.
  • We are very proud in bolstering Recron FS on safety and technical parameters with FRXs Nofia technology.
  • With ever increasing pressure to deliver sustainable products to the market, we believe that FRX Innovations is well positioned to grow with sustainably minded customers around the world such as Reliance.

SANMINA AND RELIANCE COMPLETE PREVIOUSLY ANNOUNCED MANUFACTURING JOINT VENTURE TRANSACTION IN INDIA

Retrieved on: 
Tuesday, October 4, 2022

SAN JOSE, Calif. and MUMBAI, India, Oct. 3, 2022 /PRNewswire/ -- Sanmina Corporation (Sanmina) (NASDAQ: SANM), a leading integrated manufacturing solutions company and Reliance Strategic Business Ventures Limited (RSBVL), a wholly-owned subsidiary of Reliance Industries Limited (RIL), India's largest private sector company, today announced they have completed the previously announced joint venture transaction.

Key Points: 
  • SAN JOSE, Calif. and MUMBAI, India, Oct. 3, 2022 /PRNewswire/ -- Sanmina Corporation (Sanmina) (NASDAQ: SANM), a leading integrated manufacturing solutions company and Reliance Strategic Business Ventures Limited (RSBVL), a wholly-owned subsidiary of Reliance Industries Limited (RIL), India's largest private sector company, today announced they have completed the previously announced joint venture transaction.
  • This partnership will leverage Sanmina's 40 years of advanced manufacturing experience and Reliance's expertise and leadership in the Indian business ecosystem.
  • The joint venture will create a world-class electronic manufacturing hub in India, in line with the Hon'ble Prime Minister's "Make in India" vision.
  • Sanmina Corporation is a leading integrated manufacturing solutions provider serving the fastest growing segments of the global Electronics Manufacturing Services (EMS) market.

C2C Reports 120 g/t Gold From Dunnage Property Sampling Program, Northern Newfoundland

Retrieved on: 
Monday, September 12, 2022

Initial field reconnaissance and rock chip sampling from the Dunnage and Mega Vein properties located in Canadas Newfoundland are highlighted by an outcrop sample from the Dunnage property containing visible gold yielding 120 g/t.

Key Points: 
  • Initial field reconnaissance and rock chip sampling from the Dunnage and Mega Vein properties located in Canadas Newfoundland are highlighted by an outcrop sample from the Dunnage property containing visible gold yielding 120 g/t.
  • The property is located in the eastern Exploits subzone of the Dunnage Zone, which contains prolific gold and base metal mineralization across the island.
  • C2C Gold Corp. is a mineral exploration company focused on advancing gold projects in Canadas Newfoundland.
  • C2C Gold holds one of the largest land positions on the Central Newfoundland Gold Belt and through the acquisition of The Rock Gold Corp., now includes numerous projects lying along the major gold bearing crustal scale structural zones.

Jio Platforms partners with Subex HyperSense AI to augment its 5G product line

Retrieved on: 
Wednesday, August 3, 2022

Jio's 360 Automation Platforms and Open API based OSS platforms provides faster integrations to multi-party 5G BSS systems.

Key Points: 
  • Jio's 360 Automation Platforms and Open API based OSS platforms provides faster integrations to multi-party 5G BSS systems.
  • Subex's HyperSense Platform is a unified data analytics and AI orchestration platform, using technologies such as machine learning and AI.
  • JPL's 5G stack complements the digital monetisation platforms of Subex to enable a wide range of 5G use cases," said Mr. Aayush Bhatnagar, Senior Vice President of Jio Platforms.
  • By combining HyperSense with Jio Platforms' Cloud Native 5G Core, CSPs will be able to fast track their 5G journey by leveraging the power of AI.

Global Oil Refining Market Growth, Trends, and Forecasts Report 2022-2027 Featuring Exxon Mobil, Royal Dutch Shell, Sinopec, BP, and Saudi Arabian Oil Co - ResearchAndMarkets.com

Retrieved on: 
Friday, April 1, 2022

The "Oil Refining Market - Growth, Trends, COVID-19 Impact, and Forecast (2022 - 2027)" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Oil Refining Market - Growth, Trends, COVID-19 Impact, and Forecast (2022 - 2027)" report has been added to ResearchAndMarkets.com's offering.
  • he COVID-19 outbreak in Q1 2020 had a moderate negative impact on the oil refining market due to a reduction in the consumption of oil refined products.
  • Growth in refining capacity in major regions, such as in Asia-Pacific, is expected to drive the demand for petroleum products in the coming years.
  • Some of the major players operating in the market include Exxon Mobil Corporation, Royal Dutch Shell PLC, Sinopec Corp., BP PLC, and Saudi Arabian Oil Co.