Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Labour Laws
06/09/20264 min read
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Reliance Industries’ subsidiaries register sub-lease deeds for 3,750 acres of land to develop Global Economic Hub
Investment Banking
Reliance Industries completed the registration of sub-lease deeds for 3,750 acres of land for ₹13,400 crore, as part of its agreement with Navi Mumbai IIA. The land, governed by Maharashtra's Industrial Policy, is earmarked for industrial development. This move aligns with Reliance's history of developing industrial complexes across India. \r
Additionally, the company secured a technology licensing agreement with Nel ASA for alkaline electrolysers, furthering its commitment to green energy solutions. Reliance also acquired a 100% stake in Reliance Chemicals and Materials last month. \r
Despite recent developments, Reliance Industries' shares dipped over 5% on Tuesday, although they have seen a 10% rise since the beginning of the year.
