Page 18 - Reliance Industries

Reliance's first-ever refinery at Jamnagar completes 25 yrs of operations

When Reliance founder chairman Dhirubhai Ambani wanted to pursue his long-cherished dream of setting up a refinery, he was offered land in the barren and desolate region off Jamnagar

Mcap of 6 of top 10 most valued firms climbs Rs 86,847.8 cr; HDFC, RIL lead

Six of the top-10 most valued firms together added Rs 86,847.88 crore in market valuation last week, with HDFC Bank and Reliance Industries emerging as the biggest gainers in line with an overall optimistic trend in equities. Last week, the BSE benchmark climbed 657.48 points or 0.84 per cent, and the Nifty rose 225.9 points or 0.95 per cent. While Reliance Industries, HDFC Bank, ICICI Bank, Bharti Airtel, ITC and Hindustan Unilever were the winners, Tata Consultancy Services (TCS), Infosys, State Bank of India and Life Insurance Corporation of India (LIC) suffered erosion from their market valuation. The market capitalisation (mcap) of HDFC Bank surged by Rs 20,235.95 crore to Rs 13,74,945.30 crore. Reliance Industries added Rs 20,230.9 crore, taking its valuation to Rs 16,52,235.07 crore. The valuation of ITC jumped Rs 17,933.49 crore to Rs 5,99,185.81 crore, and that of ICICI Bank climbed Rs 15,254.01 crore to Rs 9,22,703.05 crore. The market cap of Bharti Airtel soared Rs ...

RIL acquires healthcare startup Karkinos for Rs 375 cr in all-cash deal

Billionaire Mukesh Ambani's Reliance Industries has acquired technology-driven and oncology-focused healthcare platform Karkinos for Rs 375 crore, the firm said on Saturday. Reliance Strategic Business Ventures (RSBVL), a wholly-owned subsidiary of Mumbai-listed India's most valuable company, completed the acquisition of Karkinos Healthcare Pvt Ltd with allotment of requisite shares, the firm said in a stock exchange filing. Karkinos was incorporated in India on July 24, 2020, and is in the business of providing technology-driven innovative solutions for the early detection, diagnosis, and management of cancer. It had a turnover of about Rs 22 crore in the 2022-23 fiscal. "Reliance Strategic Business Ventures Ltd has on December 27, 2024, subscribed to and has been allotted 1 crore equity shares of Rs 10 each, for cash, aggregating Rs 10 crore and 36.5 crore optionally fully convertible debentures of Rs 10 each, for cash, aggregating Rs 365 crore of Karkinos," according to the ...

Tariff impact: Reliance Jio loses 3.76 million users in October 2024

Airtel adds 1.9 million users after 3 months, BSNL grows base

Reliance Industries shares gain after subsidiary acquires stake in HAGI

Shares of India's biggest private company Reliance Industries surged up to 1.74 per cent at Rs 1,227 a piece on the BSE in Monday's intraday trade

Reliance resume oil swap with Venezuela's PDVSA under US licence: Report

A supertanker carrying about 1.9 million barrels of Venezuelan Merey heavy crude departed earlier this month for India's Sikka port

Reliance shuts G-Star RAW and Replay fashion stores amid sluggish demand

Most G-Star RAW stores in India have already closed down, while the brand is still available through online platforms. Italian brand Replay will shut stores due to losing relevance in Indian market

Stocks to Watch, Dec 16: RIL, Dixon Tech, Lupin, Zinka Logistics, Sky Gold

Stocks to watch on Monday, December 16, 2024: Dixon Technologies signs a binding term sheet with Vivo India for a proposed joint venture

Stocks to buy, sell: How to trade HDFC Bank, HUL, RIL shares today?

Stocks to buy today: Jigar S Patel of Anand Rathi suggests initiating long positions in HDFC Bank share price in the 1,850-1,875 range, with an upside target of 2,050

Reliance Industries buys 74% stake in Navi Mumbai IIA for $192 mn

NMIIA operates an industrial area located in Mumbai, India's financial hub and the capital of the western state of Maharashtra.

RIL down 2%, trades lower for sixth straight day; stock nears 52-week low

In one week, Reliance Industries share price has declined 5.4 per cent, as compared to the 1.5 per cent decline in the BSE Sensex

Rosneft inks record oil supply deal with RIL; to supply up to 500K bpd

Transaction estimated at $13 bn per year

Rosneft, Reliance agree on biggest ever India-Russia oil supply deal

The 10-year agreement amounts to 0.5 per cent of global supply and is worth roughly $13 billion a year at today's prices

Reliance, ReNew, others submit bids under green hydrogen transition scheme

As many as 14 firms, including Reliance Green Hydrogen and Green Chemicals, ReNew E-Fuels, Waaree Clean Energy Solution, and Avaada Green H2 have submitted bids under the green hydrogen transition scheme. The maximum benefits available under the Strategic Interventions for Green Hydrogen Transition (SIGHT) Scheme (Mode-1-Tranche-II) is Rs 5,400 crore. According to a statement by the bid coordinator, Solar Energy Corporation of India (SECI), the technical bids for incentives for green hydrogen production capacity of about 4,50,000 tonnes under the second tranche of the scheme was opened on Monday. The scheme provides for maximum benefit of Rs 50 per kg in the first year, Rs 40 per kg in the second year, and Rs 30 per kg in third year. Thus, the maximum benefit available under the Tranche II is about Rs 5,400 crore. Under the bucket I, the SECI received bids for 6,20,000 tones against the available capacity of 4,50,000 tonnes. Similarly, under the bucket II, bids for 6,500 tonnes we

RIL remains a laggard on bourses amid sharp six-month stock price sell-off

Analysts attribute the company's poor show in the bourses to its lack-lustre financial performance in recent quarters

Adani Green fastest wealth creator during 2019-24: Motilal Oswal study

Given its sheer size, RIL has remained the top wealth creator on an absolute basis during 11 out of the last 17 five-year study periods

Reliance Industries seeks up to $3 bn loan to refinance debt due in 2025

About half a dozen banks are in discussions with the Indian conglomerate for the loan, which would be syndicated to wider market in the first quarter of 2025

RIL stock tests 10-yr support, can tank 35% to Rs 850 if breaks this level

The Rs 1,190 level holds the key for Reliance long-term trend; break and sustained trade can open the doors of a likely fall below Rs 1,000-mark, suggests technical charts.

AI helping in early cancer detection via genomics solutions, data analytics

AI plays key role in enhancing early detection, diagnosis, and treatment outcomes

Reliance-owned Viacom18 acquires Jiohotstar.com domain name after long wait

This final transfer solidifies Reliance's control over the domain, marking the resolution of the extended ownership debate