Page 14 - Reliance Group

Reliance Industries seeks bids for sale of KG-D6 gas at rates linked to JKM

Reliance Industries Ltd and its partner bp plc of the UK have sought bids for the sale of natural gas from the eastern offshore KG-D6 block at a price linked to the rate at which LNG is delivered to Japan and Korea. The two partners invited bids for the sale of 6 million standard cubic meters per day of gas starting February 2023, according to the tender document. Users such as city gas operators that convert gas into CNG for sale to automobiles and pipe it to household kitchens for cooking purposes, or power plants that use it to generate electricity or fertilizer units that use it to make urea, have been asked to quote premium they are willing to pay over the JKM price. JKM is the Northeast Asian spot price index for LNG delivered ex-ship to Japan and Korea. JKM price for February is USD 28.83 per million British thermal unit. Bidders have been asked to quote variable 'V' in the gas price formula 'JKM + V'. The starting bid for 'V' has been set at USD (minus) 0.30 per mmBtu. "Ea

Reliance Consumer Products to acquire majority stake in Lotus Chocolate

It will also make an open offer to acquire up to 26 per cent stake in Lotus

Reliance Industries topped the growth charts in the last 20 years

In the last 20 years, RIL's net profit has grown at a CAGR of 15.7 per cent

20 years at Reliance helm: Mukesh Ambani redefines scale, business growth

From inheriting legacy textile and oil businesses to stepping into retail, telecom and digital, RIL is a company for New India, say experts

Reliance Retail may convert Metro Cash & Carry stores into B2B outlets

They may not be converted into hypermarkets and supermarkets as many are on city outskirts

Mcap of 10 most valued firms erodes by Rs 1.68 trn; Reliance biggest drag

The combined market valuation of the top 10 valued firms eroded by Rs 1,68,552.42 crore last week, with Reliance Industries taking the biggest hit in an overall weak broader market. Last week, the Sensex tumbled 1,492.52 points or 2.43 per cent. Market sentiment remained weak amid surging COVID cases in China and a few other nations, while stronger US growth data cemented expectations of the Federal Reserve continuing with its hawkish stance. Reliance Industries' valuation tanked Rs 42,994.44 crore to Rs 16,92,411.37 crore. State Bank of India's market valuation tumbled Rs 26,193.74 crore to Rs 5,12,228.09 crore. The valuation of HDFC Bank eroded by Rs 22,755.96 crore to Rs 8,90,970.33 crore and that of Life Insurance Corporation of India (LIC) plunged Rs 18,690.03 crore to Rs 4,16,848.97 crore. The market capitalisation (mcap) of ICICI Bank diminished by Rs 16,014.14 crore to Rs 6,13,366.40 crore and that of Hindustan Unilever declined by Rs 11,877.18 crore to Rs 6,15,557.67 ...

Hinduja sweetens offer for RCap to counter Torrent group's winning bid

CoC decide whether Hinduja offer is legally valid or not as e-auction has ended

Reliance Retail to acquire Metro Cash & Carry India for Rs 2,850 crore

The acquisition is expected to strengthen Reliance Retail's physical store footprint across the country

Sebi slaps Rs 10 lakh fine on Reliance Commercial Finance for defying norms

Capital markets regulator Sebi on Wednesday imposed a penalty of Rs 10 lakh on Reliance Commercial Finance Ltd (RCFL) for flouting disclosure norms. Reliance Commercial Finance, whose debt securities are listed on the stock exchanges, has been directed to pay the fine within 45 days. In its order, Sebi found that RCFL did not give prior intimation to the stock exchange (at least 11 working days before the date) with respect to the due date of payment of interest on certain non-convertible debentures (NCDs) and also made a delay in submission of the record date. Also, it did not submit a certificate to the stock exchange within two days of the interest or principal or both becoming due that it has made timely payment of such obligations in respect of the NCDs. "I note that from the qualified opinion of the statutory auditor in the audited financial result of RCFL for the half year ended March 31, 2020, it appeared that proceeds raised from issue of debt securities/ NCDs may have bee

Reliance Foundation collaborates with Yakult to support Young Champs

CSR arm of Reliance Industries, announced that it will partner with Yakult Danone India Pvt. Ltd., its related clinical research organisations for the Reliance Foundation Young Champs

Reliance Retail arm takes on Tatas, ITC: Launches FMCG brand 'Independence'

Made-for-India consumer packaged goods brand Independence will roll out nationally after Gujarat unveiling

CoC raises base price of Reliance Capital auction to Rs 6,500 crore

Auction to be held on two days, starting December 22

SC slams DMRC over non-payment of Rs 4,500 crore to Reliance Infra

There are public speeches on making India an international arbitration hub but the court's order not enforced, says bench

Explained: Why private insurance companies in India are coveted buys

By chasing profit over rapid expansion, companies have conserved capital, making them attractive for potential buyers

RCap liquidation or negotiation? CoC to meet on Tuesday to take a call

While Deloitte, the process advisor to RCap's administrator, is said to be rooting for liquidation, CoC advisor KPMG hopes to close deal and award the firm to highest bidder

Reliance most valued Indian firm; 2 Adani units join top ranks: Study

Top 500 companies in Burgundy Private Hurun India's list are worth $2.7 trillion

Committee of creditors may ask bidders to sweeten offers for RCap

As many as 55 companies submitted expressions of interest (EoIs) for Reliance Capital but only a few submitted binding bids

Rs 20K-crore Adani FPO to be fourth biggest fundraise by India Inc

RIL's rights issue in 2020 for Rs 53,124 cr remains the single-biggest equity issuance by an Indian firm

Ambani says Indian economy to grow 13-fold to $40 trillion by 2047

India is likely to become a USD 40 trillion economy by 2047 -- a 13-fold jump from its current size -- driven primarily by a clean energy revolution and digitalisation, billionaire Mukesh Ambani said on Tuesday. Ambani's estimate for the Indian economy, currently the fifth largest in the world behind only the US, China, Japan and Germany, is more optimistic than Asia's richest man Gautam Adani, who last week stated that India will become a USD 30 trillion economy by 2050 on back of rising consumption and socio-economic reforms. "From a 3 trillion-dollar economy, India will grow to become a 40 trillion-dollar economy by 2047, ranking among the top three economies of the world," Ambani said at the 10th convocation of Pandit Deendayal Energy University here. As the 'Amrit Kaal' -- the period between now and 2047 when India will be celebrating 100 years of independence -- unfolds, the country will witness an unprecedented explosion in economic growth and opportunities, he asserted. "Th

RIL, Tata firms top LIC's equity portfolio as insurer's valuation rises

The value of investments in Adani firms more than double in the past year