Page 3 - Reliance Industries Limited
RIL has more legs to run even after hitting Rs 10 trn in market cap
Brokerages expect the stock to gain by as much as 29 per cent from current levels
 "RIL has more legs to run even after hitting Rs 10 trn in market cap")
As RIL shares rise, Ambani becomes 9th richest on Forbes' billionaires list
The company on Thursday became the first Indian firm to hit the Rs 10 lakh crore market valuation mark following a spike in its share price.
 "As RIL shares rise, Ambani becomes 9th richest on Forbes' billionaires list")
Sony plans to buy stake in Network18 Media group. What next?
Sources suggest that Sony is considering several potential deal structures, including a bid for the company or a merger of its own Indian business with Network18's entertainment channels
 "Sony plans to buy stake in Network18 Media group. What next?")
Reliance Industries cuts base price for new gas by 7% from KG-D6 block
RIL and partner BP are seeking bids from potential users for the 5 million standard cubic metres per day of gas they plan to produce from the R-Cluster Field in KG-D6 from mid-2020
Reliance Industries puts off gas bid for the second time to November 15
Sources in the company said bidders want more time to adapt to the new bidding system. Some added RIL may be facing lack of interest from potential bidders
 "Reliance Industries puts off gas bid for the second time to November 15")
Eight of top-10 most valued firms add Rs 1.34 trillion in m-cap; TCS leads
The market valuation of Tata Consultancy Services (TCS) jumped Rs 28,893.36 crore to Rs 8.27 trillion
 "Eight of top-10 most valued firms add Rs 1.34 trillion in m-cap; TCS leads")
Seven of top-10 firms add Rs 76,998 cr in m-cap; TCS biggest gainer
Reliance Industries Limited (RIL), HUL, HDFC, ITC, ICICI Bank and SBI were the other firms which witnessed a jump in their market valuation for the week ended Friday
Reliance Industries gains 5% as Morgan Stanley maintains overweight stance
Analysts at Morgan Stanley expect recovery in energy earnings after the trough (both refining and petrochemicals) seen in Q1FY20
 "Reliance Industries gains 5% as Morgan Stanley maintains overweight stance")
RIL's e-auction mechanism for new KG-D6 gas; bidding likely on Oct 11
This discovered price would, however, be capped by a ceiling set by the government every six months for gas produced from difficult fields
 "RIL's e-auction mechanism for new KG-D6 gas; bidding likely on Oct 11")
Why RIL is upbeat about petrochemicals even as it moves out of auto fuels
The company's oil-to-chemical strategy assumes significance in the face of an electric vehicle-dominated future
 "Why RIL is upbeat about petrochemicals even as it moves out of auto fuels")
RIL AGM: Jio GigaFiber services from Sept 5; Aramco to invest $15 billion
Mukesh Ambani, the chairman of the group announced that Saudi Aramco will invest to take a 20% stake in the group's oil to chemicals (O2C) business at a $75 billion enterprise value.
 "RIL AGM: Jio GigaFiber services from Sept 5; Aramco to invest $15 billion")
Aramco and BP to help Mukesh Ambani slash $22 bn of Reliance debt
The conglomerate aims to be a zero-net-debt company in 18 months, Asia's richest man told shareholders on Monday
 "Aramco and BP to help Mukesh Ambani slash $22 bn of Reliance debt")
Top events today: RIL's 42nd AGM, Jaishankar's meet in China and more
From Reliance expecting to launch GigaFiber to Zomato partners' strike, Business Standard brings you top events that could make headlines today
 "Top events today: RIL's 42nd AGM, Jaishankar's meet in China and more")
RIL brings Tiffany to India, plans to open stores in Delhi and Mumbai
BENGALURU (Reuters) - India's Reliance Industries Ltd is partnering with iconic U.S.-based luxury jeweller Tiffany & Co to open a line of stores in the country, adding yet another marquee name to its growing portfolio of brands.
 "RIL brings Tiffany to India, plans to open stores in Delhi and Mumbai")
Can RIL slip below Rs 1,000 levels? Here's what technical charts suggest
As It began successfully trading above 200 DMA, the counter has more than doubled rising 175 per cent to Rs 1,417
 "Can RIL slip below Rs 1,000 levels? Here's what technical charts suggest")
RIL to announce Q1 results on Friday. Here's what brokerages expect
For the quarter under review, RIL's GRMs are likely to come in at $8/barrel, down 2 per cent quarter-on-quarter due to unfavorable Brent-Dubai and refinery shutdown
 "RIL to announce Q1 results on Friday. Here's what brokerages expect")
RIL stock price factors in most positives, say brokerages
RIL reported an in-line 4QFY19 with EBITDA down 1% q-o-q to $11.8 billion
 "RIL stock price factors in most positives, say brokerages")
JioPhone 2, Jio GigaFiber, Jio GigaTV announced: Things you need to know
Mukesh Ambani said upgraded JioPhones will have social media applications such as YouTube and Facebook, along with instant messaging service Whatsapp.
 "JioPhone 2, Jio GigaFiber, Jio GigaTV announced: Things you need to know")
RIL's high borrowing costs a sign of India Inc's troubles going ahead
If Reliance has to shell out about one percentage point more for short-term money, after some time the bond market could be out of bounds for many lower-rated firms altogether, experts say