Page 27 - Reliance Industries

16% RIL shareholders oppose reappointment of Aramco chairman as director

Reliance Industries' shareholders have approved the reappointment of Saudi Aramco Chairman Yasir Othman H Al-Rumayyan as an independent director on the company's board for five years but over 16 per cent voted against the proposal. In a stock exchange filing, Reliance said its shareholders through a postal ballot approved the reappointment of Al Rumayyan as well as appointment of Haigreve Khaitan as independent directors on the board. They also approved reappointment of long-time company executive P M S Prasad as a director for another 5 years. The resolution for reappointment of Al Rumayyan was carried with 83.97 per cent voting in favour of the resolution. As many as 16.02 per cent voted against it , the filing showed. Al-Rumayyan, who also heads Saudi Arabia's Public Investment Fund - among the largest sovereign wealth funds in the world, was first appointed on Reliance board in 2021 for a three-year term. His first term ends on July 18, 2024. And now he has been reappointed till

Sensex snaps six-day winning run; FPIs sell shares worth Rs 1.8k crore

Losses in RIL, L&T offset gains in IT stocks

Reliance shareholders approve retail unit's $4 bn lease to Jio Financial

JFS plans to acquire equipment worth 360 billion rupees from Reliance Retail, as the financial services provider plans to enter the device leasing business

RIL, Blue Dart, India Oil, Vi among six stocks to track on June 20

At 6:35 AM, GIFT Nifty futures indicated a slight uptick, trading 21 points higher at 23,525 compared to their previous close

Jio Platforms-SES internet service JV allowed to operate satellites

The 3 approvals issued to Orbit Connect India come as cos from Amazon.com to Musk's Starlink vie for the go-ahead to launch satellite communication services in the country

RIL registers sub-lease deed for land to develop global economic hub

Mukesh Ambani-led firm moves a step closer to develop the global economic hub, proposed in 2018

Sensex plunges over 5,000 points intraday; check factors behind the fall

The sharp drop was primarily driven by uncertainty surrounding the outcome of the Lok Sabha 2024 election results

Ambani faces pushback over 5G deal from parliamentary minority in Ghana

The Ghanaian government's plan to launch a 5G network using a company partnering with Mukesh Ambani is a bad deal for the debt-ridden nation, which needs funds for critical development projects

Reliance Industries stock hits new all-time high; rallies 6%

At 03:09 pm; with Rs 20.41 trillion market capitalisation, RIL was up 5.5 per cent at Rs 3,017.45 on the NSE, the exchange data shows.

Gautam Adani reclaims title of Asia's richest man with net worth of $111 bn

With this, Adani has overtaken Reliance Industries' Mukesh Ambani after nearly 5 months

Mcap of 8 of 10 most valued firms erodes by Rs 2.08 trn; RIL, TCS suffer

The combined market valuation of eight of the top-10 most valued firms declined by Rs 2,08,207.93 crore last week, with bellwether Reliance Industries, TCS and Infosys taking the biggest hit. While these three firms along with ITC, Life Insurance Corporation (LIC), Hindustan Unilever Ltd, Bharti Airtel and ICICI Bank were the laggards, HDFC Bank and State Bank of India (SBI) emerged as gainers. Last week, the 30-share BSE Sensex tanked 1,449 points or 1.92 per cent. It rose by 75.71 points or 0.10 per cent to settle at 73,961.31 on Friday, snapping a five-day losing streak. The market capitalisation (mcap) of index heavyweight Reliance Industries plunged by Rs 67,792.23 crore to Rs 19,34,717.12 crore, while TCS mcap declined by Rs 65,577.84 crore to Rs 13,27,657.21 crore. The valuation of Infosys slumped by Rs 24,338.1 crore to Rs 5,83,860.28 crore, and that of ITC went lower by Rs 12,422.29 crore to Rs 5,32,036.41 crore. Mcap of LIC dropped by Rs 10,815.74 crore to Rs 6,40,532.52

How to trade Modi stocks ahead of LS election results? Complete guide here

The so-called 'Modi-stocks' have rallied up to 50 per cent in the last six months, suggests a CLSA report. What's in store ahead; here's what the charts suggest.

India's $100-billion mcap club grows to eight with three new entries

The Aditya Birla group has seen its market value jump by more than 50 per cent, making it the latest entrant to the $100-billion club

Reliance Industries among TIME's 100 most influential global companies

This is the second time that RIL has been recognised, with Jio Platforms featuring on the inaugural list in 2021

Reliance to challenge Blinkit, Swiggy, Zepto with quick commerce entry

Reliance's JioMart may begin offering deliveries within the next month, completing deliveries within 30 minutes

Stocks to watch on May 29: RIL, NBCC, Hindalco, IRCTC, Grasim Industries

Stocks to watch on May 29: NBCC's Q4FY24 revenues surged by 43.1 per cent year on year (YoY) to Rs 4,025 crore compared to Rs 2,813 crore in Q4FY23

Reliance signs deal with Russia's Rosneft to buy oil in roubles: Report

A term deal with Rosneft also helps privately run Reliance to secure oil at discounted rates at a time when the OPEC+ group of oil producers is expected to extend voluntary supply cuts beyond June

As Ambani eyes Africa with new telecom venture, should Airtel be worried?

Reliance Industries Ltd, through its subsidiary, is set to offer cutting-edge 5G shared network infrastructure solutions in Africa in collaboration with a local company supported by Ghana

Ambani sets sights on African telecom market, plans to develop 5G infra

Radisys Corp., a unit of Ambani-controlled Reliance Industries Ltd., will provide key network infrastructure, applications and smartphones for Ghana-based Next-Gen InfraCo

Mcap of 9 of top-10 most valued firms jump Rs 1.85 trn; Reliance sparkles

Nine of the top-10 most-valued firms together added Rs 1,85,320.49 crore in market valuation last week, with Reliance Industries Ltd and HDFC Bank stealing the show with maximum gains, in line with rally in equities. Last week, the BSE benchmark zoomed 1,404.45 points, or 1.89 per cent. The 30-share BSE Sensex hit its all-time intra-day high of 75,636.50 on Friday. From the top-10 most-valued firms pack, only ITC emerged as the laggard. The market valuation of Reliance Industries jumped Rs 61,398.65 crore to reach Rs 20,02,509.35 crore. HDFC Bank added Rs 38,966.07 crore, taking its valuation to Rs 11,53,129.36 crore. The market valuation of Life Insurance Corporation of India (LIC) rallied Rs 35,135.36 crore to Rs 6,51,348.26 crore. Bharti Airtel's market capitalisation (mcap) zoomed Rs 22,921.42 crore to Rs 7,87,838.71 crore and that of Hindustan Unilever climbed Rs 9,985.76 crore to Rs 5,56,829.63 crore. The mcap of Infosys went up Rs 8,821.99 crore to Rs 6,08,198.38 crore an