Reorganisation won't impact RIL's consolidated financials or shareholding. Analysts say the de-merger will be done at tax networth of O2C assets, making transaction tax neutral for RIL
A breakout above Rs 2,100 in RIL's counter may see a rally towards 2,400
The company said the O2C business will be turned into a separate entity that will be 100 per cent owned by RIL
The Mukesh Ambani-controlled company had initiated the process to hive off its oil-to-chemicals business at a time when the Covid-19 pandemic caused a slump in fuel demand
The e-commerce giant has contended that the Division Bench order is illegal, and arbitrary apart from being without jurisdiction
Future Group is caught in the middle of this tussle between companies helmed by two of the world's richest men
The keenly watched case may set an important legal precedent for investors on whether emergency decisions by foreign arbitrators are valid in India
This week, the Delhi High Court directed Biyani's flagship company to maintain the status quo on its Rs 24,713-crore deal to sell his business to Reliance
Earlier, Future Retail Limited lawyer had argued that the retail firm may go bust and thousands may lose jobs if the Future-Reliance deal does not go through
The Delhi High Court is hearing the appeal filed by Future Retail Limited (FRL) against the Court's order passed earlier this week
Under Bezos's leadership, Amazon identified India as a strategic market as early as 2013
With subscriber additions slowing, the price-competitive player is looking beyond its mobile operations to monetising its digital platforms. But that's where the competition is acute
The country's most-valuable firm reported record quarterly profit for the quarter ended Dec 31, but didn't disclose gross refining margins, a key metric to analyse its oil and petrochemicals vertical
Reliance Industries' consolidated net profit, of Rs 13,101 crore in the December quarter, jumped 37 per cent sequentially, and beat Street expectations of a 32 per cent QoQ profit improvement
Since March as the government announced lockdown, India's top 100 billionaires saw their fortunes increase by Rs 12.97 trillion
Debt reduction, gains from digital priced in
O2C unit holds the firm's oil refinery and petrochem assets and retail fuel business but not upstream oil & gas producing fields such as KG-D6 and textiles business.
The group's wireless operator, Reliance Jio Infocomm Ltd. -- India's largest -- has started advance tests to prepare the fifth-generation, high-speed network
Topline takes a hit by 21% as Covid-19 impacts operations, sales
Yearly numbers are not comparable, RIL said, since the petro retail business, which makes up 40 per cent of the company's retail revenues, has been demerged