Topic: Business
Reliance
Industries Limited is an Indian conglomerate holding company headquartered in
Mumbai, Maharashtra, India. Reliance owns businesses across India engaged in
energy, petrochemicals, textiles, natural resources, retail, and
telecommunications. Reliance was founded by Dhirubhai
Ambani in the year 1966. From then, Reliance has grown to become a huge
competitor in the international market. Last year, the government announced a new policy that
allows gas from fields in difficult terrains like deep-sea regions to be sold
at almost double the price allowed for normal fields.
Reliance has been manufacturing quality rigid and
flexible industrial and commercial plastic packaging containers for over 50
years. Apart from this, Reliance also deals with telecommunication
services and insurance. The refinery of Reliance at Jamnagar processes a wide
variety of crude oils and produces a range of petroleum products for exports as
well as supply in the Indian market. The Jamnagar manufacturing division is the
world's largest refining hub. Fuels from Jamnagar refinery are exported to
several countries across the world.
The
goal of Reliance industries is to deliver industry leading returns and profits
and be a source of medium-term growth, while focusing on health, safety and
environment. Conducting market research and survey has been a huge part of
information collection for Reliance. Modern technology and new scientific
methods are used in order for making budgets, hiring and managing employees and
overall control. During the years since its inception, Reliance industries had
to undergo varied changes in terms of technology, changing trends, government
policies in order to suit the customer needs and to survive in the market.
Name few features of business.
Name few advantages and disadvantages of business.
