Dhirubhai Ambani and Champaklal Damani co-founded Reliance Commercial Corporation in the 1960s. The partnership ended in 1965, and Dhirubhai continued the firm's polyester business. Reliance Textiles Engineers Pvt. Ltd. was established in Maharashtra in 1966. In the same year, it established a synthetic fabrics mill in Naroda, Gujarat. It was renamed Reliance Industries Limited on May 8, 1973. In 1975, the company expanded into textiles, with "Vimal" eventually becoming its main brand. In 1977, the company held its initial public offering (IPO).
Related On This Day
Thomas Edison used his Kinetograph to show the first motion picture exhibition to an audience of 400 people in Brooklyn, New York in 1893 at the Dept of Physics, Brooklyn Institute, Brooklyn, NY.
Swami Chinmayananda, India's well-known spiritual thinker, was born in 1916.
Stephen Amell, a Canadian actor, was born in Toronto, Ontario in 1981.
Tenzing Norgay, the first Tibetan climber to reach the peak of Mount Everest alongside Edmund Hillary in 1953, died of a brain haemorrhage at the age of 71 in 1986.
In 1981, the 203-foot-high Motherland Monument is unveiled at Kyiv, Ukraine, in a ceremony attended by Soviet leader Leonid Brezhnev.
Dinesh Patel, an Indian right-handed baseball pitcher, was born in 1989.
Enrique Iglesias, Spanish singer-songwriter and King of Latin Pop, was born in Madrid, Spain in 1975.
Vandana Shiva of India was awarded the Sydney Peace Prize in 2010 for her work on women's empowerment and environmental protection in developing countries.
In 1866 Gopal Krishna Gokhale, an Indian social reformer and pioneer of the Indian Independence Movement, was born in Kotluk, Ratnagiri District, Bombay, India.
Jacob's Pharmacy in Atlanta offers the first Coca-Cola in 1886. (contained cocaine)
Robert Johnson, an American blues singer-songwriter and guitarist, was born in Hazlehurst, Mississippi, in 1911.
Ernest Rutherford reveals his discovery of two types of radiation in 1899. (Alpha and Beta Particles)
Tom Cruise married actress Mimi Rogers in 1987.
Australian international cricketer Patrick James Cummins was born