Headwinds in refining and petrochemical businesses can lead to earnings growth decline in FY20
In October last year, Reliance Industries had announced it will buy majority stakes in Den Networks Ltd and Hathway Cable and Datacom Ltd for Rs 5,230 crore
The stock was quoting 4.4 per cent higher at Rs 1,237, gaining 9 per cent in the past two trading days on BSE.
NEWJ is a tech-media startup focused on curating and producing video content for the smartphone-obsessed young Indians
RIL's market capitalisation was Rs 7.14 trillion while TCS slipped to the second spot with a valuation of Rs 7.03 trillion
Reliance has made the investment with the objective of fostering an exclusive partnership in India, where it will work closely with SkyTran to conduct pilots, followed by implementation of its network
Reliance, an Indian conglomerate controlled by billionaire Mukesh Ambani, has significant exposure to the U.S. financial system, where it operates some subsidiaries
RIL has dipped 5.4% to Rs 1,140 on the BSE in early morning trade, falling 9% in past three trading days.
Concerns around the telecom venture have been put to bed after Jio amassed 215 million users and started posting profits
One of the most evident impacts that Reliance Industries would have is higher petcoke imports
In the June 2018 quarter, its finance cost jumped more than threefold to Rs 35.55 billion on an annualised basis
Bajaj Finance, Bajaj Finserv, HEG and 3M India have hit their respective all-time highs on the BSE in intra-day trade on Friday.
Reliance's total debt has tripled in the past 5 years as it borrowed to fuel more than Rs 3.3 trillion of spending on a new telecom venture
TCS, currently valued at $110 billion, entered the club in April
Global financial services firm had entered into a pact with RIL in 2011
The stock hit a new high of Rs 1,031, up 1% on the BSE in intra-day trade on Thursday, rallied 50% from its 52-week low of Rs 686 recorded on July 3, 2017 in intra-day deal
RIL has moved SAT against Sebi order, directing it to disgorge Rs4.5 billion made "unlawfully" by dealing in shares of its erstwhile subsidiary Reliance Petroleum
RIL had bid jointly with JM Financial to acquire the debt-ridden textile manufacturer Alok Industries
Embibe is an emerging education technology provider incorporated in India in August, 2012
Firm's consolidated debt was Rs 2.17 trillion as of March 2017