Page 26 - Reliance Industries

Use ChatGPT but don't give up critical thinking: Mukesh Ambani to students

Use your intelligence to move forward in life, said Reliance Industries (RIL) chairman Mukesh Ambani while addressing students at the convocation event of Pandit Deendayal Energy University

4 most valued firms lose Rs 1.25 trn in mcap, Reliance biggest laggard

The combined market valuation of four of the top 10 valued firms declined by Rs 1,25,397.45 crore last week, with Reliance Industries taking the biggest hit, in line with weak investors' sentiment at Dalal Street. Last week, the BSE benchmark index declined by 428.87 points or 0.55 per cent, and the Nifty dipped 111 points or 0.47 per cent. "It was another tough week for the Bulls, as the Nifty ended in the red for the third consecutive week. Despite favourable conditions for a comeback, the bulls failed to capitalize on them," Santosh Meena, Head of Research, Swastika Investmart Ltd, said. The market valuation of Reliance Industries slumped by Rs 74,969.35 crore to Rs 16,85,998.34 crore. The valuation of Life Insurance Corporation of India (LICI) eroded by Rs 21,251.99 crore to Rs 5,19,472.06 crore. State Bank of India's valuation diminished by Rs 17,626.13 crore to Rs 6,64,304.09 crore and that of ICICI Bank tumbled Rs 11,549.98 crore to Rs 8,53,945.19 crore. On the other hand,

UBS Group buys shares of 29 firms including Reliance for Rs 1,938 cr

Swiss investment bank UBS Group on Friday bought shares of 29 companies, including Fortis Healthcare, Max Financial Services, Reliance Industries, Blue Star and Hyundai Motor India, for Rs 1,938 crore through open market transactions. According to the block deal data available on the National Stock Exchange (NSE), UBS AG purchased shares of Fortis Healthcare worth Rs 164 crore, bought shares of Max Financial Services for Rs 144 crore, and of Reliance Industries for Rs 138 crore. Additionally, UBS also picked up shares of Blue Star for Rs 120 crore and acquired shares of Hyundai Motor India for Rs 103 crore. The Swiss multinational also picked up shares in companies including One97 Communications, Zomato, Tata Consultancy Services and others. The shares were acquired at a combined transaction value of Rs 1,937.71 crore. Meanwhile, UBS Group's affiliate UBS Principal Capital Asia Ltd offloaded the same number of shares of 29 companies at the same price. Shares of Fortis Healthcare

Reliance to invest Rs 3.05 trillion in Maharashtra, creating 300k jobs

The Maharashtra government signed over 50 MoUs with prominent companies at the ongoing World Economic Forum, including the Tata Group, Ceat, Essar Renewables, and Bharat Forge

Reliance Industries signs MoU to invest Rs 645 cr in Vadhvan port project

The MoU was signed in the presence of the Union Minister of Ports, Shipping, and Waterways, Sarbananda Sonowal

Jigar S Patel of Anand Rathi recommends buying these three stocks today

Reliance has formed a triple bottom pattern near the Rs 1230 zone, accompanied by bullish divergence on the RSI daily chart, signalling a potential trend reversal

Reliance Industries focuses on cost control in O2C segment in Q3FY25

Fuel discounts, ditching low-margin products underway, says company

Mukesh Ambani, wife Nita meet Donald Trump ahead of swearing-in ceremony

The Ambanis expressed their hope for deeper India-US relations to the president-elect and wished him a transformative second term of leadership at the White House

Analysts eye 34% upside in RIL post Q3; Jefferies, Citi, CLSA, MS upbeat

Given the strong Q3 & recent correction in the stock, most brokerages remain optimistic about RIL' future prospects & potential in the stock. Emkay upgraded RIL to 'Buy', citing attractive valuations

Stock Market Close Highlights: Sensex sheds 423 points, Nifty at 23,203; RIL up 3%, Infosys slips 6%

Market LIVE: Markets in India are likely to open on a cautious note today, following mixed global cues as investors focus on companies reporting December quarter results

Markets Today: Wipro, TechM, RIL, Infy, Axis Bk Q3; FIIs; Capital Infra IPO

At 6:35 AM, GIFT Nifty futures indicated a weaker start for the markets, trading 56 points lower at 23,321.5

RIL Q3 results: Net profit rises 7.4% to Rs 18,540 cr, beats estimates

The company's revenue from operations increased to Rs 2.43 trillion from Rs 2.27 trillion in the October-December 2023 quarter.

Reliance to bring American luxury retailer Saks Fifth Avenue to India

Country's leading retailer Reliance Retail as part of its expansion into the luxury segment is introducing Saks Fifth Avenue, an American luxury department store chain to the Indian market.. Its "premium brands business entered into India franchise arrangement for Saks Fifth Avenue," said Reliance Industries in its earning statement on Thursday. Saks Fifth Avenue an American luxury department store, is a premier destination for luxury fashion. Since its inception in 1924, it has featured an expertly curated assortment of fashion and highly personalised customer service. It operates a network of 41 stores across North America. "So to address the super Luxury segment in India, we entered into a franchise for India with Saks, Fifth Avenue, which is a global luxury retailer," said Reliance Retail CFO Dinesh Taluja during the earnings call. Reliance's Premium Brands business has also entered into a JV with Mothercare PLC to acquire the Mothercare brand and its IP assets for the Indian

Reliance Retail Q3 results: Net profit grows 10.1% to Rs 3,458 crore

Reliance Retail Venture Ltd (RRVL) -- the retail arm of billionaire Mukesh Ambani-led Reliance Industries -- reported an 8.75 per cent increase in gross revenue to Rs 90,333 crore while its profit after tax (PAT) rose 10 per cent to Rs 3,458 crore for the December quarter, helped by pick-up in festive demand. The company had reported a gross income of Rs 83,063 crore and PAT of Rs 3,145 crore in the year-ago period, Reliance Industries Ltd said in a regulatory filing (RIL). Reliance Retail's revenue from operation during the quarter was up 7 per cent to Rs 79,595 crore from Rs 74,373 crore a year ago. Moreover, digital commerce and new commerce contributed to 18 per cent of the total revenue of Reliance Retail as it continued to scale these new-age channels. The pre-tax profit (EBITDA) of the country's leading retailer was also up 9.45 per cent in the December quarter at Rs 6,828 crore. The "growth driven by several productivity improvement initiatives and increased customer ...

Stock Market Close Highlights: Sensex up for third day, gains 319 pts; Nifty at 23,312; banks shine

Markets Today LIVE: Markets in India are expected to open higher following a strong showing on Wall Street after a lower-than-expected core inflation reading there

US sanction clarifications tighten squeeze on India's February oil supplies

Indian refiners have until Feb 27 to wind down transactions with sanctioned Russian tankers, opaque traders, a shadow fleet, and insurers, according to a US govt official

Stocks to Watch Today, Jan 16: RIL, Axis Bk, Infy, Ceat, HDFC Life, Swiggy

Stocks to Watch Today, January 16: Axis Bank, DB Corp, Hatsun Agro, Havells India, Infosys, LTIMindtree, Metro Brands, Reliance Industries, and Waaree Renewable will report their Q3 results today

Market Today: GIFT Nifty; RIL, Infy, Axis Bk Q3; Laxmi Dental IPO allotment

At 6:35 AM, GIFT Nifty futures indicated a gap-up opening for the markets, trading 150 points higher at 23,416

Reliance Jio ties up with Polygon Labs to bring Web3 to 450 million users

Blockchain collaboration aims to expand Web3 applications beyond cryptocurrency for Jio's vast customer base

Q3 results preview: Weak O2C biz likely to drag earnings for RIL again

Analysts expect Q3FY25 to report continued weakness in O2C earnings