Page 20 - Reliance Industries

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

PM Internship Scheme: Launch delayed; applicants awaiting revised timeline

The pilot project of the PM Internship Scheme received over 650,000 applications for 127,000 opportunities offered by 280 Indian companies participating in the scheme

Reliance leads Wizikey media visibility rankings for 2024 among listed cos

Reliance Industries - India's largest corporate by revenues, profits, market value and social impact - topped the 2024 Wizikey News Score ranking as India's most visible corporate in the media, the AI-powered media intelligence firm said. Reliance's visibility across media is significantly higher than even the leading FMCG or banking and finance companies in India. Reliance scored 97.43 out of 100 on the News Score for 2024. It was 96.46 in 2023, 92.56 in 2022, and 84.9 in 2021, showing consistent growth year after year while being number one throughout. The Wizikey's News Score is determined by the volume of news, headline presence, reach of publications, and readership. Reliance has continued to top the Wizikey News Score annual rankings since its inception for each of the last five years. Reliance ranking was above the rest of the field with an unassailable News Score of 97.43, followed by State Bank of India (89.13), HDFC Bank (86.24), One97 Communications (84.63), ICICI Bank .

Markets gain 1%, driven by Reliance Industries and Bharti Airtel

Shares of Bharti Airtel rose 4.3 per cent following an upgrade by domestic brokerage ICICI Securities

Indian stock market could be bottoming out after crash, says Chris Wood

As an investment strategy, Wood has taken exposure in the US-listed online travel company MakeMyTrip in the India long-only portfolio with a 4 per cent weighting

RIL gains 2% as US-based arm picks 21% stake in Wavetech Helium

As per the agreement, Reliance Finance and Investments will buy a 21 per cent stake for an aggregate consideration of $12 million

RIL arm acquires 21% stake in US-based Wavetech Helium for $12 million

The acquisition, according to industry sources, is seen as RIL's attempt to gain further understanding and explore potential in the helium-related segment

Stock Market Highlights: Sensex holds 80k, ends 100 pts down; Ratings downgrade jolt Adani shares

Stock Market Close Highlights: The NSE Nifty 50 index slipped below 24,200; Small-cap stocks outperformed the broader market, with the Nifty Smallcap100 closing 0.8 per cent higher on Tuesday.

Telecom stocks gain as govt waives bank guarantee; Vodafone Idea surges 16%

Vodafone Idea is expected to be one of the key beneficiaries as the company was required to submit a total of Rs 24,700 crore in BGs, ICICI Securities said in a note.

RIL shares rise 2% as Citi upgrades stock to 'buy', citing strong outlook

The US-headquartered brokerage has raised the target price for the scrip to Rs 1,530, implying an upside of over 18 per cent from the current market price

BJP Maha win, global cues. Reasons Sensex rallied 1,300pts intraday Monday

The NSE Nifty topped the 24,300-level, and was up 350 points following BJP-led Mahayuti alliance landslide victory in Maharashtra elections. Index heavyweights SBI and RIL were the top gainers so far.

Stocks to Watch: Adani Group stocks, Zomato, RIL, Vedanta, Hero MotoCorp

Here is a list of stocks that will be eyed by investors and traders for today's session

Jigar S Patel of Anand Rathi suggests buying these three stocks on Nov 25

In the previous trading session, it broke above the highs of the last four days, supported by a bullish divergence on the daily chart, which further strengthens the case for upward momentum

Reliance's refining margins recover but retail remains uncertain: JPMorgan

One of the two drivers of Reliance Industries Ltd's recent underperformance - weak refining margin - has reversed but the other, poor-retail top-line growth, is difficult to anticipate, brokerage JP Morgan said in a report. Reliance stock is down 22 per cent from its peak on July 8 (NIFTY down 3.3 per cent), sharply reversing outperformance from earlier in the year. In a market where most stocks are trading well above historical valuations, Reliance's fair relative valuations are an attraction. The company helmed by billionaire Mukesh Ambani has three main business verticals - oil refining and petrochemical business housed in oil-to-chemical (O2C) unit, telecom arm Jio and retail. It also has a media unit and a new energy business. Reliance Retail plus Telecom now account for about 50 per cent of total 2023-24 (FY24) consolidated EBITDA. These, JP Morgan estimates, will account for almost all of net EBITDA growth over the next three years. With an EBITDA run-rate of USD 20 billion