The market valuation of Reliance Industries went past Rs 17 lakh crore mark at close on Wednesday. Shares of the market heavyweight gained 1.02 per cent to close at Rs 2,695.90 on the BSE. During the day, the stock jumped 1.90 per cent to Rs 2,719.50.
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Oil-to-telecom conglomerate Reliance Industries Ltd posted a 7.25 per cent fall in first-quarter profit on Friday, hurt by higher expenses as retail business got hit by the second wave of Covid-19 infections.
Resuming its record-setting streak, equity benchmark sensex advanced 92 points on Thursday, led by gains in index majors TCS, Reliance Industries and L&T amid a positive trend in global markets.
Equity benchmark sensex jumped 248 points to end at a fresh life-time high on Tuesday, tracking gains in index heavyweights Reliance Industries, HDFC Bank and Bharti Airtel amid positive global cues and persistent FPI inflows. After touching an all-time high of 49,569.14 during the day, the 30-share BSE index ended 247.79 points or 0.50 per … Continue reading Sensex jumps 248 points to end at new peak
Snapping its 10-session winning run, equity benchmark Sensex tumbled 264 points on Wednesday, dragged by losses in Reliance Industries, ITC and Infosys.
Future Group Founder and CEO Kishore Biyani on Tuesday said Amazon was fully aware of his group’s talks with Reliance Industries for the sale of retail assets that followed the US giant offering no concrete help to tide over the cash crisis.
Markets regulator Sebi on Friday fined Reliance Industries, Mukesh Ambani and two other entities a total of Rs 70 crore for alleged manipulative trading in the shares of Reliance Petroleum — which was merged with RIL in 2009— in a case that dates back to 2007. Sebi, in its 95-page order, said in November 2007, … Continue reading RIL, Mukesh Ambani fined for ‘manipulative trades’
Foreign institutional investors (FIIs) have raised stake in billionaire Mukesh Ambani-led Reliance Industries to a record 25.2 per cent in the quarter ended September 30, according to the company’s regulatory filing.
RIL plans to buy e-pharmacy Netmeds
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Mukesh Ambani’s Reliance Industries is in advanced discussions to acquire a majority stake in online pharmacy Netmeds as part of its broader play in commerce. The deal may see Reliance, through one of its subsidiaries, pay $130-150 million for the asset, which may also include a fresh infusion to expand the operations.
The partnership between India’s largest conglomerate Reliance Industries and US social media giant Facebook could expand beyond the scope of just onboarding kirana stores for JioMart through the WhatsApp platform, sources said.
Equity indices on Wednesday finished in green with the benchmark BSE sensex rising over 700 points, led by gains in banking, FMCG and Auto stocks. The 30-share BSE index closed 743 points or 2.42 per cent higher at 31,380; while the broader NSE Nifty settled 206 points or 2.29 per cent up at 9,187. Reliance … Continue reading Sensex rises 743 points; RIL shares jump 10%
Equity benchmark sensex slumped over 700 points in early trade on Wednesday tracking losses in index heavyweights Reliance Industries, Kotak Bank, HDFC Bank and Infosys amid weak cues from global markets.
Reliance Industries’ chief Mukesh Ambani on Monday committed Rs 500 crore to the Prime Minister’s COVID-19 fund, topping up over the multi-crore initiative of India’s first coronavirus hospital, meals to the needy, and fuel to emergency vehicles. Reliance Industries has also provided a contribution of Rs 5 crore each to Maharashtra and Gujarat governments.
US President Donald Trump will meet executives of large Indian companies with interests in the United States as he looks to drum up investments during his visit to New Delhi this month. Some executives expected to attend include Indian oil & gas company Reliance Industries, diversified group Tata Sons and auto sector companies such as … Continue reading Trump to woo executives of Indian cos during visit