Page 19 - Reliance Industries

Reliance Industries raises $3 bn from 11 banks in dual-currency loan deal

The five-year loan was finalised last month at 120 basis points above the three-month Secured Overnight Financing Rate (SOFR), with $450 million denominated in Japanese yen

Thanks to India's IPO surge, seven entrepreneurs become billionaires

Saluja is one of the four entrepreneurs in the renewable energy space whose personal fortunes have soared after their companies listed on the stock exchanges last year

ITC Hotels' demerger to mirror Reliance Industries-Jio Financial playbook

ITC's spunoff unit to remain part of Sensex, Nifty for 3 days post-listing to help index funds navigate change

Viacom18 now a direct subsidiary of Reliance. CCPS conversion complete

Viacom18 is now a direct subsidiary of Reliance Industries following the conversion of 246.1 million CCPS into equity shares. The move aligns Viacom18 with Reliance's media expansion strategy

Reliance spent $13 bn on acquisitions across sectors in five years

Billionaire Mukesh Ambani's Reliance Industries Ltd has spent USD 13 billion on acquisitions in the past five years across new energy, telecom, retail and media business to script a pivot away from core oil and petrochemicals business to clean energy and consumer facing verticals. Last week, Reliance bought oncology platform Karkinos Healthcare for Rs 375 crore, adding another stack to its diagnostic and digital healthcare ecosystem, Morgan Stanley said in a report. "Over the past five years, RIL has announced USD 13 billion in acquisitions with 14 per cent in new energy, 48 per cent in technology, media and telecommunications (TMT), 9 per cent in retail, and increasingly more in healthcare," it said. Of this, USD 6 billion was in acquisition of companies and assets in media and education business and USD 2.6 billion in telecom and internet verticals. It spent USD 1.7 billion on acquisitions in new energy and USD 1.14 billion in retail, according to Morgan Stanley. RIL's biggest ..

Stocks to Watch, Dec 31, 2024: RIL, Lupin, ITC, Adani Enterprises, SpiceJet

Stocks to Watch on Dec 31, 2024: From ITC to Adani Enterprises, here are few stocks that will remain in focus today

Reliance seeks premium of at least $3.5 per barrel for oil from KG block

Reliance Industries Ltd is seeking a premium of at least USD 3.5 per barrel over an international benchmark for crude oil it produces for eastern offshore KG-D6 block, according to the tender the firm put out on Monday. Reliance and its partner BP of the UK sought bids from domestic refiners for sale of 17,600 barrels (2,800 kilolitres) of crude oil every month from April 2025 to February 2026. The crude oil has been priced at daily average price of Nigerian Bonny Light grade of crude oil plus USD 1.5 per barrel quality premium. Bidders have to quote a premium over this price, the tender document said. Bonny Light last traded for USD 73.5 per barrel. On top of this, USD 1.5 per barrel is added as a composite premium "reflecting quality differential", it said, adding that interested buyers are required to a "biddable premium, up to one decimal place and greater than USD 2 per barrel". The sale period can be extended by three months to one year on the same terms and conditions, ...

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