Page 24 - Reliance Industries

RIL shares fall over 3%, end as top Sensex loser as investors book profit

RIL share: A total of 13.82 million RIL shares, valued at over Rs 3,000 crore, traded on both the NSE and BSE today

Candytoy partners with Reliance Retail to supply confectionery toys

Candytoy Corporate, one of the leading manufacturers of candy toys, has partnered with Reliance Retail to supply confectionery toys for 1,400 stores of the country's leading retailer, said a top company official. The Indore-based company entered into an agreement with Reliance Retail a couple of months back, said founder Director Gaurav Mirchandani. "We already have a purchase order for more than 15 outlets right now, which is live, and 200 outlets will be live by the end of Diwali, and 1,400 outlets will be live by the end of this financial year," Mirchandani told PTI. When asked about the order size, he said it would have a run rate of Rs two crore per month from Reliance Retail 200 stores, and this would be scaled to Rs 4 to 4.5 crore per month by the end of this fiscal. "We have more than 75 SKUs in the sweets and savoury flavours category of the candy, which we are providing to Reliance Retail," he said. Candytoy Corporate (CTC), valued at nearly Rs 1,000 crore, is supplying

Mcap of 8 most valued firms surges Rs 1.21 trn; Reliance biggest winner

The combined market valuation of eight of the top-10 most valued firms surged Rs 1,21,270.83 crore last week, with Reliance Industries becoming the biggest gainer, in line with an outstanding rally in benchmark equity indices. Last week, the BSE benchmark jumped 1,027.54 points or 1.21 per cent. The BSE Sensex hit its record high of 85,978.25 on Friday. The market valuation of Reliance Industries jumped Rs 53,652.92 crore to Rs 20,65,197.60 crore. State Bank of India added Rs 18,518.57 crore taking its valuation to Rs 7,16,333.98 crore. Bharti Airtel's market valuation soared Rs 13,094.52 crore to Rs 9,87,904.63 crore and that of ITC grew by Rs 9,927.3 crore to Rs 6,53,834.72 crore. The market capitalisation (mcap) of Tata Consultancy Services (TCS) surged Rs 8,592.96 crore to Rs 15,59,052 crore. HDFC Bank's valuation climbed Rs 8,581.64 crore to Rs 13,37,186.93 crore and that of Life Insurance Corporation of India (LIC) zoomed Rs 8,443.87 crore to Rs 6,47,616.51 crore. The mcap

Reliance Industries secures Centre's approval for transfer of channels

The Competition Commission of India (CCI) approved the Rs 70,350-crore merger between Reliance Industries and Disney's Indian media assets on August 28, 2024

Venezuelan crude flows to public sector refiners via third parties

Venezuela was the 9th largest source of crude for India in Q1 FY25

Network18 Media & Investments gets 3 months extension for convening AGM

Network18 Media & Investments, which owns Reliance Industries' media assets, has received a three-month extension for convening its Annual General Meeting for FY24. The Registrar of Companies (RoC) on Tuesday granted its approval for extension of time for holding the AGM, accepting the application of the company, according to a regulatory filing from Network18 Media. Reliance is in the process of merging its media assets, including Network18 with global media giant The Walt Disney Co India business, which will create the country's largest media empire worth over Rs 70,000 crore. "This is to inform you that pursuant to the application filed by the company for extension of time for holding the 29th AGM of the company for financial year 2023-2024, Ministry of Corporate Affairs (office of the Registrar of Companies, Mumbai ) vide its order dated September 17, 2024, granted its approval for extension of time for holding the AGM," it said. Media ventures of Reliance are housed in ...

F&O Cues: Premium jumps in Nifty, Bank Nifty futures; options flag caution

Derivatives market update for Sept 06: The Nifty PCR dipped from 0.74, while Bank Nifty to 0.78; reflecting a cautionary trend said Dhupesh Dhameja of SAMCO Securities. Max Financial see short buildup

Reliance Industries board approves bonus share issue in 1:1 ratio

This is the oil-to-chemicals conglomerate's first bonus issue since 2017, when its stock price was roughly Rs 700

Reliance to invest Rs 3,900 crore in FMCG arm to boost market position

Reliance plans to invest Rs 3,900 crore in its fast-moving consumer goods division, aiming to capture a larger share of the Indian FMCG sector, projected to exceed $1.4 trillion by 2027

Centre awards RIL full quota of Advanced Chemistry Cell under PLI-II

RIL is currently constructing an advanced chemistry-based battery manufacturing facility with a 30 GWh annual capacity in Jamnagar

Reliance Industries wins bid for govt incentives to make EV batteries

The oil-to-telecom conglomerate beat six other competitors, which included units of battery maker Amara Raja Energy and Mobility and power producer JSW Energy

F&O Cues: Options data hint more gains for Nifty; 4 stocks see long buildup

Derivative market update for Monday, Sept 02: FIIs long-short ratio in index futures rose to 2.6:1, implying 5 longs for every 2 shorts. Bandhan Bank, Syngene and Granules India see long buildup.

RIL share to stay sideways amid no 'big bang' AGM announcements: Analysts

Reliance AGM: O Reliance Industries share price dipped 1.1 per cent to an intraday low of Rs 3,007 per share. It, eventually, ended 0.7 per cent lower at Rs 3,019.75 per share

NCLT approves merger of Reliance-owned Viacom18 Media with Star India

The NCLT on Friday approved the scheme of merger of Reliance Industries-owned Viacom 18 Media -- the holding company of the group's media and entertainment assets -- with Star India. A two-member bench of the National Company Law Tribunal (NCLT) approved the composite Scheme of Arrangement among Viacom 18, Digital18 and Star India, a unit of global media giant The Walt-Disney. The development comes two days after the Competition Commission of India approved the merger of media assets of Reliance Industries and The Walt Disney Co to create the country's largest media empire worth over Rs 70,000 crore. Approving it, the NCLT observed: "From the material on record, the Scheme appears to be fair and reasonable and is not violative of any provisions of law and is not contrary to public policy". The NCLT in its 22-page-long order also observed that the scheme "will be made effective, in terms of the Scheme, only upon the receipt of the approval of the Competition Commission of India". T

Reliance Industries to consider bonus issue of shares, a first in 7 years

The promoter did not share any details on any potential listing for the company's retail and telecom divisions, a key announcement that the street was hopeful for

RIL boosts shares to record, Nifty logs longest gaining streak in 17 yrs

The NSE Nifty 50 and the S&P BSE Sensex both rose about 0.6% to hit all-time highs, before trimming some gains to settle up 0.4% at record closing levels

Reliance AGM 2024 Top highlights

Reliance Industries held its annual general meeting on August 29. The conglomerate made a slew of announcements ranging across jio, retail, new energy and infra segments.

RIL AGM 2024, Gujarat floods, SCO meeting

Today, at the 47th Annual General Meeting, Reliance Industries announced several key developments, including a proposal for bonus shares, the launch of ‘Jio Brain,’ a suite of AI tools.

Jio aims to add a mn broadband homes every month, says Mukesh Ambani

Jio will aim to add a million broadband homes every month to achieve 100 million home broadband customers in a record time, RIL Chairman Mukesh Ambani said on Thursday. While speaking at RIL's 47th AGM, Ambani said JioAirFiber clocked first million customers in six month. "By leveraging our deep-tech capabilities and continuously optimising every process, we acquired the next 1 million air fibre customers in just 100 days. We are now challenging ourselves to add a million homes every 30 days. With this momentum, we are confident of reaching our target of 100 million home broadband customers at record speed," he said. He said Jio is also targeting over 20 million small and medium businesses, 1.5 million schools and colleges, over 70,000 hospitals, and 1.2 million doctors to connect with broadband.

Deal with Disney marks new era in entertainment industry: Mukesh Ambani

A day after anti-trust regulator CCI greenlit the mega merger of media assets of RIL and Walt Disney, Reliance Chairman Mukesh Ambani on Thursday said the deal marks the beginning of a new era in India's entertainment industry. Welcoming Disney to the Reliance family, Ambani said just like Jio and the Retail business, the expanded media business will be an invaluable growth centre in the Reliance ecosystem. "Let us now talk about our partnership with Disney. This marks the beginning of a new era in India's entertainment industry. We are combining content creation with digital streaming," he said at the RIL AGM. On Wednesday, Competition Commission of India approved the merger of media assets of Reliance Industries and The Walt Disney Co to create the country's largest media empire worth over Rs 70,000 crore. Reliance, through holding firm Network 18, owns TV18 news channels as well as a plethora of entertainment (under the 'Colors' brand) and sports channels. "We will provide ...