Page 24 - Reliance Industries

IPO-bound Reliance Retail grants ESOPs worth Rs 351 crore to top employees

The Mukesh Ambani-owned company is cemented as the largest retailer in India and has 304 million registered customers

RIL-Disney India merger worth $8.5 billion receives approval from CCI

Combined entity now India's largest entertainment conglomerate, with a portfolio of 120 channels and two streaming services

CCI gives nod to $8.5 bn Disney-Reliance media assets merger deal

CCI's nod comes with subject to "certain voluntary modifications"

How to trade Reliance stock ahead of its AGM on Aug 29? Key levels here

Technical Outlook on RIL ahead of Thursday's AGM: Reliance stock can potentially surge to Rs 3,405 on the upside, suggests chart. Key support for the stock stands at Rs 2,975.

Jio IPO, new-energy biz update: Here's what to expect from RIL's 47th AGM

RIL AGM 2024: Given RIL's historical performance and the significant developments in its various business segments, investors have high expectations from the 47th AGM

RIL AGM likely to focus on new energy business, Jio and Retail IPOs

1st AGM since Ambani family's next gen joined board

Mcap of 9 of top-10 valued firms add Rs 95,522 cr; RIL, TCS lead gainers

The combined market valuation of nine of the top 10 most valued firms jumped by Rs 95,522.81 crore last week, with Reliance Industries, TCS and HUL emerging as the biggest gainers. Rising for the fourth straight session, the 30-share BSE Sensex ended 33.02 points or 0.04 per cent higher at 81,086.21 on Friday. Last week, the BSE benchmark jumped 649.37 points or 0.80 per cent. The market capitalisation (Mcap) of Reliance Industries surged by Rs 29,634.27 crore to Rs 20,29,710.68 crore. The valuation of TCS jumped Rs 17,167.83 crore to Rs 16,15,114.27 crore and that of Hindustan Unilever by Rs 15,225.36 crore to Rs 6,61,151.49 crore. The Mcap of Bharti Airtel rallied by Rs 12,268.39 crore to Rs 8,57,392.26 crore and that of ICICI Bank by Rs 11,524.92 crore to Rs 8,47,640.11 crore. ITC soared Rs 3,965.14 crore to Rs 6,32,364.24 crore, while State Bank of India added Rs 2,498.89 crore to Rs 7,27,578.99 crore. In addition, the valuation of Life Insurance Corporation of India jumped

RIL, Aditya Birla Group race to capture India's growing consumption market

Both companies' new businesses have emphasis on segments within the consumer space, with Aditya Birla Group recently announcing its entry into the jewellery retail space

To seal India merger, Disney-Reliance may need to dilute cricket dominance

The companies can simply sell rights of certain cricket tournaments or for a particular medium, such as TV or streaming, to meet antitrust concerns, they said

Reliance to invest over Rs 1,000 cr in Sohagpur CBM to boost gas output

Reliance Gas Pipeline Ltd operates a 302-kilometer pipeline connecting the coal bed methane (CBM) gas fields in Shahdol, Madhya Pradesh, to Phulpur, Uttar Pradesh

CCI warns Disney, Reliance media merger could harm competition: Report

Antitrust experts had warned the merger, announced in February, could face intense scrutiny, especially on the sporting rights issue

Brand matters: Anil Ambani's firm moves NCLT against IIHL using 'Reliance'

According to the family agreement, the brand is owned equally by brothers Mukesh and Anil

RIL eyes JioCinema as sole OTT platform post Star-Viacom18 merger deal

In February this year, RIL and Disney agreed to merge Star and Viacom18, forming an $8.5 billion media giant with over 100 channels and two streaming platforms

Disney, RIL may shut some Hindi, regional channels for CCI merger approval

To gain approval, the companies are considering closing some secondary Hindi general entertainment channels while keeping their primary GECs, Star Plus and Colors operational within the merged entity

Capex by Nifty 50 companies declined 20.7% in FY24 on RIL drawdown

Gross block formation by Reliance down by Rs 1.06 trillion, shows annual report

Reliance, Disney to offer concessions to win antitrust nod for merger

Antitrust experts have warned that the Reliance-Disney merger, announced in February, could face intense scrutiny as it will create India's biggest entertainment player

Reliance Retail gets Rs 14,839 cr debt from parent for strategic growth

Reliance Retail Ventures, a subsidiary of Reliance Industries, raised Rs 17,814 crore in equity in FY24 from investors and its parent company

Reliance to commission 1st solar giga-factory to achieve net zero emission

Reliance Industries Ltd, India's most valuable company, plans to commission its first solar giga-factory in the current fiscal as it pivots a green pathway to achieve net zero carbon emissions from operations by 2035. In its largest annual report, the firm said it is targeting to commission the first train of 20GW solar PV (photovoltaic) manufacturing by the end of 2024-25 fiscal (April 2024 to March 2025) and scale up to 20GW in a phased manner over 2026. The solar giga factory will include manufacturing of PV modules, cells, wafers and ingots, polysilicon, and glass at a single location. The modules convert sunlight into electricity. It is also targeting industrialising sodium-ion cell production at the MW level in 2025 and first 50 MWh a year lithium battery cells pilot in 2026. Reliance had in 2021 announced plans to invest USD 10 billion over three years to develop a new fuels business based on 100 GW of renewable power capacity by 2030. The plan involves setting up four giga

Mcap of 8 of top-10 valued firms erodes by Rs 1.66 trn; Reliance, LIC lag

The combined market valuation of eight of the top-10 most valued firms eroded by Rs 1,66,954.07 crore last week, with Reliance Industries and Life Insurance Corporation of India emerging as the biggest laggards, in line with weak trend in equities. Last week, the BSE benchmark slumped 1,276.04 points or 1.57 per cent. The market capitalisation (mcap) of Reliance Industries tanked Rs 33,930.56 crore to Rs 19,94,765.01 crore, the most among the top-10 firms. The valuation of Life Insurance Corporation of India (LIC) slumped Rs 30,676.24 crore to Rs 7,17,001.74 crore. State Bank of India lost Rs 21,151.33 crore from its valuation which stood at Rs 7,35,566.52 crore. The market valuation of Infosys dived Rs 20,973.19 crore to Rs 7,35,277.28 crore and that of Tata Consultancy Services (TCS) tumbled Rs 19,157.77 crore to Rs 15,30,469.11 crore. Bharti Airtel's mcap got wiped out by Rs 16,993.56 crore to Rs 8,33,396.32 crore and ICICI Bank suffered an erosion of Rs 16,975.55 crore to Rs

RIL to use naphtha supplies as partial payment for Venezuela crude: Reports

Reliance, which operates the world's biggest refining complex, plans to supply naphtha, a refined product, from the US to partly pay for its Venezuelan oil purchases