Company Directory - Reliance Strategic Business Ventures
Company Details - Reliance Strategic Business Ventures
Reliance Strategic Business Ventures
Reliance Strategic Business Ventures is a wholly-owned subsidiary of Reliance Industries that focuses on strategic investments and ventures across various sectors.
CCI Score
CCI Score: Reliance Strategic Business Ventures
-28.69
0.02%
Latest Event
Reliance Workforce Reduction Raises Labor Rights Concerns
Reliance Strategic Business Ventures, as part of its parent company’s broader restructuring, implemented significant workforce cuts impacting retail and telecom operations. The decision, which resulted in 42,000 job losses, raises serious concerns regarding the company’s commitment to fair labor practices and worker rights.
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ACCOMPLICE
Reliance Strategic Business Ventures is currently rated as an Accomplice.
Latest Events
- AUG122024
Reliance Strategic Business Ventures, as part of its parent company’s broader restructuring, implemented significant workforce cuts impacting retail and telecom operations. The decision, which resulted in 42,000 job losses, raises serious concerns regarding the company’s commitment to fair labor practices and worker rights.
-70
Labor Relations and Human Rights Practices
March 22
The large-scale workforce reduction, particularly in the retail and telecom divisions, underscores a disregard for stable labor relations and worker rights. Cutting 42,000 jobs not only affects employees but also signals a broader shift towards cost-cutting measures that can undermine labor protections. This move is seen as aligning with business practices that may inadvertently support economic strategies conducive to authoritarian policies.
Reliance Reduces Workforce by 42,000: Major Cuts in Retail Sector and Store Expansion Slowdown
- AUG122024
Reliance Industries, through its decision to cut 42,000 jobs, has significantly impacted labor relations, particularly among contract and part-time workers. This large-scale layoff raises concerns about the company’s commitment to fair labor practices and worker rights, exacerbating economic and social instability.
-40
Labor Relations and Human Rights Practices
March 22
The decision to lay off 42,000 employees, mostly affecting contract and part-time workers, demonstrates a disregard for labor rights and fair employment practices. This mass reduction in workforce not only undermines job security but also contributes to broader economic instability. From an anti-fascist perspective, such actions empower authoritarian narratives that exploit worker vulnerabilities, eroding solidarity and undermining efforts to promote social justice.
- DEC222022
Reliance Strategic Business Ventures acquired a 23.3% stake in US-based Exyn Technologies for $25 million to forge a technology collaboration aimed at advancing multi-platform robotic autonomy for complex environments. While the strategic partnership deepens Reliance’s presence in emerging technologies, there is no clear evidence that the technology is intended for repressive or authoritarian purposes.
+0
Technology and Services Impact
March 22
The investment focuses on technological innovation in robotic autonomy. Although the technology could have dual-use potential, there is no indication that it is being deployed for surveillance, censorship, or other repressive activities. Thus, from an anti-authoritarian perspective, the action remains neutral.
Reliance Strategic Business Ventures buys 23.3% stake in US-based Exyn Tech for $25 million
- FEB022019
Reliance Industries, via its subsidiary Reliance Strategic Business Ventures, has resumed its lobbying activities in the US by engaging a new lobbyist, Eversheds Sutherland LLP. This move, aimed at influencing US economic trade sanctions policies, raises concerns about the company leveraging political influence to secure corporate advantages, potentially at the expense of democratic accountability.
-50
Political Contributions and Lobbying Efforts
March 22
By resuming lobbying in the US after a long pause, Reliance Industries is reinforcing its engagement in political advocacy through its subsidiary. This move is aimed at shaping policies, such as those related to US economic trade sanctions, which can be seen as a strategic effort to protect and advance corporate interests at the expense of democratic processes. Such actions contribute to a broader pattern of corporate complicity in supporting frameworks that may undermine equitable political influence.
Reliance Industries resumes lobbying in US; ropes in new lobbyist
- MAY092011
Reliance Industries, whose strategic subsidiary is Reliance Strategic Business Ventures, notably reduced its US lobbying expenditure to a record low in Q1 2011. This move signaled a decline in aggressive political influence, providing a positive signal to those concerned about corporate complicity in authoritarian practices.
+60
Political Contributions and Lobbying Efforts
March 22
The significant cut in lobbying expenses indicates a retreat from aggressive political engagement. By reducing its lobbying spend to a record low, the company appears to be shifting away from practices that could be seen as bolstering authoritarian influence. This is a positive development from an anti-fascist and democratic accountability perspective.
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