Page 29 - Reliance Industries

ADIA, KKR invest Rs 12,864 crore in Reliance Retail warehousing assets

This investment is separate from the infrastructure investment trust (InvIT) established by RRVL last year, which was intended to accommodate approximately half of its retail warehousing assets

Reliance Industries starts trading US oil setting Brent benchmark

LONDON (Reuters) - India's Reliance has made its first foray into trading a type of U.S. crude oil that underpins the global Brent benchmark in a process run by oil-index publisher S&P Global Commodity Insights, the publisher said.

BP appoints Kartikeya Dube as India head, to replace Mukundan from July 1

BP on Tuesday announced the appointment of Kartikeya Dube as the new India head, replacing long-time executive Sashi Mukundan who is retiring. In a statement, the company said Dube has been appointed Head of Country (HoC) and senior vice president (gas and low carbon) for India with effect from July 1, 2024. "Sashi Mukundan, who has been with bp for over 42 years, of which 15 were spent leading bp in India, will be retiring and will ensure a seamless transition to Kartikeya," it said. In the last 20 plus years that he has spent with BP, Dube held senior roles in finance, commercial and business transformation in India, Singapore and the UK. Last year, he took the role of vice president, group investor relations in BP's head office in London driving investor engagement. Previously, he was closely involved with setting up the BP joint ventures with Reliance Industries Ltd in India. From 2020 until 2023, he was the CFO for Jio-bp (the mobility joint venture of BP and Reliance). "Now

'Reliance buys its first Canadian crude from Trans Mountain pipeline'

Reliance joins a growing group of Asian refiners in buying Canadian crude to be exported from the new pipeline which is scheduled to start transporting oil in May

RIL gets S&P, Fitch thumbs-up as strong earnings keep leverage in check

Reliance Industries Ltd has won a vote of confidence from global rating agencies S&P and Fitch after its robust earnings in the fiscal year ended March 31, 2024, supported its growth aspirations and kept leverage under check. S&P Global Ratings and Fitch Ratings in separate notes spoke of its EBITDA (loosely known as pre-tax profit) rising in the current fiscal year and next on rising revenue and past investments. "Reliance Industries Ltd's (RIL) strong earnings will keep leverage in check as the company continues to pursue growth ambitions. We expect the company's debt-to-EBITDA ratio to remain commensurate with the rating (BBB+/Stable/--)," S&P said in a note. The oil-to-telecom-and-retail conglomerate's growth aspirations remain intact, it said, adding the company has ramped up investments in the media business in recent months. In 2024, it entered into binding definitive agreements with The Walt Disney Co for a media joint venture in which RIL will invest Rs 11,500 ...

Reliance's JioCinema offers Hollywood movies in India for a penny a day

We want to make it as affordable and as widely available for Indians as possible to make JioCinema a daily viewing habit for the family members, Mani said

Stocks to Watch, April 25: Axis Bk, HUL, TechM, LTIMindtree, RVNL, Kotak Bk

Stocks to Watch on Thursday, April 25, 2024: The Reserve Bank of India, on Wednesday, directed Kotak Mahindra Bank to stop issue of fresh credit cards and the onboarding of new customers

RIL to boost homegrown Wyzr brand in Indian consumer electronics market

Mukesh Ambani's company aims to open its own manufacturing plants, expanding Wyzr's product range to include TVs, washing machines, refrigerators

Reliance Industries, JSW Neo Energy in fray for 10 Gwh ACC Battery PLI

Ministry of heavy industries has received seven bids for re-auction

Brokerages raise targets on RIL stock post Q4; check latest prices here

The bullish outlook stems from Reliance Jio's potential tariff hikes, given the competitive landscape, along with slow but steady improvement in the oil-to-chemical (O2C) vertical

Reliance tops India Involved Ranking; measures commitment to Vikasit Bharat

Reliance Industries has topped the India Involved Ranking 2023 that measures how India Inc is committed to Vikasit Bharat. The ranking and the index has been put together by Skoch, a leading Indian think-tank dealing with socio-economic issues and focusing on inclusive growth, after a six month-long study, analyzing a number of companies across 231 indicators to rank the top-20 corporates on comprehensive 'India Involved Ranking'. It is followed by Hindustan Unilever and Adani Group. Jio Platforms Limited topped the 'India Involved Ranking in Digital Transformation'. It is followed by Lupin and Heritage Foods. Hindustan Unilever topped India Involved Ranking in ESG, followed by Adani Group and Britannia. Bank of India topped India Involved Ranking in Corporate Excellence, followed by HDFC Life Insurance and Aditya Birla Health Insurance, according to a Skoch release. Reliance Industries has always followed its 'We Care' philosophy, which puts doing good before doing well. "We car

Stock Market Highlights, April 23: Benchmarks end flat after range-bound session; Realty index jumps

Stock Market Highlights on April 23: The Nifty Realty index zoomed 2.6 per cent, followed by the Nifty FMCG index (up 0.76 per cent)

RIL, JSW Neo, Amara Raja among 7 bidders for gigawatt battery production

The seven companies have collectively applied for a cumulative capacity of 70 GWh, the Ministry of Heavy Electricals informed

Reliance wins govt approval for investment to raise KG-D6 block's output

Reliance Industries Ltd has got government approval for making additional investments in developing gas reserves in its KG-D6 block in the Bay of Bengal that can add 4 to 5 million standard cubic meters per day to the production, a company official said. Reliance and its partner bp Plc currently produce around 30 mmscmd or about 30 per cent of India's gas production, from the KG-D6 block. At an investors' call announcing the fourth quarter earnings, Sanjay Roy, senior vice-president for exploration and production at Reliance Industries Ltd, said the development plan for incremental production has been approved by the government. "One good aspect of this quarter gone by was that we had an incremental development plan approved by the government, which has the potential to deliver incremental production of 4 to 5 million standard cubic meters (per day) in the coming few years, which would augment the production that we have," he said. He, however, did not give details of the investmen

Global stocks, RIL, Gift Nifty: All you need to know before mkt opens today

Stock market preview Tuesday April 23: Gift Nifty hints at gap-up open after US market ended on a strong note. RIL, Tata Consumer, Tata Elxsi, MCX and M&M Finance in focus today.

RIL Q4 results: Profit falls 1.8% to Rs 18,951 cr, Rs 10 dividend announced

RIL's board on Monday recommended a dividend of Rs 10 per fully paid-up equity share for FY24, subject to the approval of the company's members at the ensuing annual general meeting

Reliance Industries Q4 results: Profit falls 2% to Rs 18,951 crore

Shares of Reliance Industries closed at Rs 2,962.90 on the BSE on Monday, ahead of the company's Q4FY24 results

RIL Q4FY24 preview: Top metrics that analysts will watch out for today

As of 12:10 pm, the shares were trading 0.23 per cent higher at Rs 2,948.40, as compared to S&P BSE Sensex, which was trading 0.55 per cent higher at 73,487.50 levels

Stocks to Watch on April 22: RIL, HDFC Bank, Wipro, Tata Group, Laurus Labs

Stocks to Watch on Monday, April 22, 2024: Reliance Industries, Rallis India, Mahindra Logistics, Hatsun Agro Product, and Tejas Networks will announce their March quarter earnings today

Jio Financial Services Q4 results: Net profit up 5.8% to Rs 311 crore

The total income of the entity, which is a holding company for businesses including lending, insurance broking, asset management etc., rose to Rs 418 crore in Q4FY24 from Rs 414 crore in Q4FY23