Page 20 - Reliance Industries

RIL, Viacom18 and Disney complete merger to create a Rs 70,352 cr JV

Three CEOs to lead Reliance-Disney media behemoth

Value buying? RIL stock rises 2% after a steep fall; CLSA sees 30% upside

The share price of Reliance Industries had cooled-off from its all-time high as a delay in the possible IPOs of Jio and/or Retail led to reduced excitement towards the stock.

Reliance Power posts Rs 2,878 cr profit in Q2, income dips to Rs 1,962.7 cr

Reliance Power has posted a consolidated net profit of Rs 2,878.15 crore in the July-September quarter of this financial year. The company had reported a net loss of Rs 237.76 crore in the quarter ended September 30, 2023. Total income of the company dipped to Rs 1,962.77 crore in the quarter under review, from Rs 2,116.37 crore in the same period a year ago. The company has gained Rs 3,230.42 crore on deconsolidation of a subsidiary, the company said in a regulatory filing on Tuesday. Deconsolidation of a subsidiary occurs when assets, liabilities, and equity associated with the subsidiary are no longer reflected in the parent company's financial position. During the July-September quarter, Reliance Power has settled Rs 3,872 crore guarantor obligations for its subsidiary Vidarbha Industries Power Ltd (VIPL). "... The entire obligations of the Parent Company (Reliance Power) as a guarantor on behalf of VIPL stands fully settled resulting in the release and discharge of corporate

RIL to invest Rs 65,000 crore in 500 CBG plants in Andhra Pradesh

Foundation for this maiden biofuel project will be laid on Dec 28, says State minister

Reliance Industries to invest Rs 65,000 crore in Andhra for biogas plants

The Andhra Pradesh government and Reliance Group on Tuesday signed a deal worth Rs 65,000 crore to establish 500 compressed bio-gas (CBG) plants in the state over the next three years. The agreement was inked in the presence of Chief Minister N Chandrababu Naidu, Minister for Energy Gottipati Ravi Kumar, and senior officials from Reliance Group at the state secretariat in Amaravati. Very happy to sign an MoU with Reliance. Highlights of the deal include the establishment of 500 CBG plants in the coming three years, Naidu said in a statement from the Chief Minister's Office (CMO). According to the Chief Minister, the conglomerate will invest Rs 130 crore per CBG plant, creating an estimated 2.5 lakh jobs. Naidu also highlighted that the state stands to gain Rs 57,000 crore over the next 25 years through SGST collections, electricity duty, and other revenue streams arising from this initiative.

Key support for RIL stock stands at this level; here's why

Reliance stock is down nearly 22% from its record high; historically, in the past decade, barring the 50% fall during Covid-19 sell-off, RIL stock has bounced back after a 21% correction.

RIL to invest Rs 65,000 crore in Andhra Pradesh for clean energy project

These projects are estimated to create 250,000 direct and indirect jobs, according to the Andhra Pradesh government

Supreme Court dismisses 1994 Sebi appeal against Ambani's Reliance entities

SC dismisses Sebi's appeal against Reliance Investment Holdings, Mukesh, and Anil Ambani over 1994 takeover norms breach, citing 'inordinate delay' in the regulator's actions

Mcap of 6 of top-10 most-valued firms erodes Rs 1.55 trn; RIL top laggard

The combined market valuation of six of the top-10 most-valued firms eroded Rs 1,55,721.12 crore last week, with Reliance Industries emerging as the biggest laggard, in line with an overall weak trend in equities. Last week, the BSE benchmark declined 237.8 points, or 0.29 per cent. While Reliance Industries, Bharti Airtel, ICICI Bank, ITC, Hindustan Unilever and Life Insurance Corporation of India (LIC) suffered erosion in their market valuation, Tata Consultancy Services (TCS), HDFC Bank, Infosys, and the State Bank of India were the gainers. The valuation of Reliance Industries fell Rs 74,563.37 crore to Rs 17,37,556.68 crore. Bharti Airtel's valuation dropped Rs 26,274.75 crore to Rs 8,94,024.60 crore. The market valuation of ICICI Bank slumped Rs 22,254.79 crore to Rs 8,88,432.06 crore and that of ITC tanked Rs 15,449.47 crore to Rs 5,98,213.49 crore. LIC's market capitalisation (mcap) declined Rs 9,930.25 crore to Rs 5,78,579.16 crore and that of Hindustan Unilever went low

RIL lobbies for India satellite spectrum auction in clash with Starlink

Billionaire Ambani runs India's biggest telecom company, Reliance Jio. Analysts say a spectrum auction, requiring much more investment, would likely deter foreign rivals

Reliance Jio IPO worth $100 bn set for 2025, retail to debut much later

Reliance Jio is set to lock horns with Elon Musk if he launches his Starlink internet service in India

Reliance Ind down 4%, hits over nine-month low; slips 20% from 52-week high

In one month, RIL has underperformed the market by falling 7 per cent, as the company reported muted earnings for the quarter ended September 2024.

After cola play, Reliance Consumer takes trade margin fight to snacks

Reliance Consumer announced its entry into the fast-moving consumer market in 2022

Reliance-Disney joint venture deal gets European Commission approval

The merger between RIL's Viacom18 and Disney's Star India is anticipated to conclude by early November, pending the final approvals from CCI, NCLT and the Broadcasting Ministry

From Reliance to Unilever, firms worried about low consumer demand in India

At least 7 of India's largest companies, including RIL's retail arm and consumer bellwether Hindustan Unilever Ltd., have flagged softer consumption demand and a challenging operating environment

Zhang Yiming tops China's rich list, but Mukesh Ambani still leads Asia

India is riding high, adding more billionaires than ever and outpacing China's wealth growth

Ambani's Reliance plays catch-up to ride quick commerce wave in country

Reliance plans to leverage its 3,000 supermarkets in 1,150 cities for quick deliveries by deploying small teams operating from dedicated kiosks inside

Jio Hotstar domain: Website acquired by new owners; it's not Reliance

The website first went viral when a Delhi-based techie registered the domain in 2023, hoping to get Reliance to fund his higher studies in exchange for the domain

Reliance likely to move Dubai crude team to India in global trade rejig

In 2021, Reliance, controlled by billionaire Mukesh Ambani, announced the opening of an office in UAE to trade oil and refined fuels including petrochemicals

No proposal from RIL, says techie who is ready to sell JioHotstar domain

The anonymous techie, who has registered the JioHotstar domain, is willing to sell it to Reliance Industries at one-tenth of the original asking price but is yet to receive any proposal from billionaire Mukesh Ambani-led conglomerate. The Delhi-based app developer -- who has been grabbing social media attention for his unique demand to fund his higher studies by selling the JioHotstar domain, following the merger deal of media assets of Reliance and India business of Walt Disney -- wants to avoid a legal battle with the corporate giant and hopes that a compassionate stand would be taken. In a response to PTI query on mail @Jiohotstar, the ID mentioned on the viral post, the anonymous techie said: "I haven't received any reply and proposal from reliance". "I don't think they intend to pay in my case as well. I would be extremely happy if they do," he said in the reply. Several legal experts have contended that he has a "winnable case" and there is a fair chance that there can be eve