From Joe Biden slowly chipping away at Trump's lead in key US states to Gadkari asking automakers to cut EV costs, Business Standard brings you the top headlines of the day
All that happened in the markets today
From an Indian market perspective, the US election driven trends could imply that Indian IT stocks and Reliance Industries (RIL) could gain traction and cyclical stocks including banks might lag
RIL has now recovered 9 per cent in past three trading days and erased most its losses reported post September quarter results
Saudi Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud (colloquially known as MBS) is the chairman of PIF
Ambani slips four places on global rich list
Its m-cap is up 150 per cent in 12 quarters, against 24 per cent cumulative growth in net profit
Catch-up rally in banking stocks on better-than-expected Q2; analysts expect the momentum to sustain
The company's market valuation also eroded by Rs 1,19,721.68 crore to Rs 12,69,437.32 crore on the BSE
Reliance Industries has reported a 7.9 per cent EBITDA growth for the July-September quarter compared with the preceding three months
All that happened in the markets today
Shares of Reliance Industries (RIL) slipped over 5 per cent on Monday morning to Rs 1,948 levels, reacting to the September 2020 quarter numbers released post market hours on Friday
Key downside risks to the RIL stock include deterioration in refining margins, continued weakness in petrochemical margins, and sharper rupee appreciation vs the US dollar
Reliance Industries Ltd's, the most valued firm, valuation tanked by Rs 39,355.06 crore to Rs 13,89,159.20 crore
Speculation had also mounted of possible acquisitions of Urban Ladder and Milkbasket in online furniture and grocery delivery spaces respectively, though the deals haven't fructified yet
The two segments account for half the consolidated operating profit, with retail being the key outperformer in Q2
Revenue in line with estimates; profits beat expectations partly due to lower taxes; Ebitda for refining biz declines 21.4% QoQ
The fibre optic unit, which was earlier part of Reliance Industries Limited's (RIL) subsidiary Reliance Jio, has a debt of Rs 87,296 crore, which includes suppliers' credit
The profit in Q2 was lower sequentially as well as the April-June earning of Rs 13,248 crore included one-time gain of Rs 7,629 crore from sale of 49 per cent stake in petro retailing business to BP
Dispute centres around Future's decision to sell some of its biz to RIL for $3.38 billion