Page 30 - Reliance Industries

RIL, Adani Ports, Vi, Biocon, CONCOR among nine stocks to track on May 17

At 6:51 AM, GIFT Nifty futures showed a rise of 26 points, trading at 22,478 levels, signaling a subdued start for the stock exchanges

Leaning in: Isha Ambani beyond Reliance Retail, exhorts women to opt STEM

'A male-dominated STEM/ICT landscape, where women are under-represented, will rob India of its opportunity to rule the roost,' Ambani said

Sensex dips 800 pts intraday, Nifty nears 21,800: Why is market falling?

The S&P BSE Sensex fell by 780 points or 1.07 per cent to hit an intraday low of 71,882.90 on May 13

How to trade Ambani, Adani stocks before Lok Sabha election outcome?

Caution advised at Ambani and Adani group stocks, as Reliance, Jio Fin, Adani Enterprises and Adani Ports trade at key support levels, show technical charts.

Reliance acquires petrochemicals step-down subsidiary for Rs 314 cr

Reliance Industries Ltd on Wednesday said it has acquired a step-down subsidiary engaged in the manufacture of petrochemicals and hydrogen, for Rs 314.48 crore. In a stock exchange filing, the firm said Reliance Chemicals and Materials Ltd (RCML) is a step-down wholly owned subsidiary of the Company through Reliance Projects & Property Management Services Ltd (RPPMSL). "It is proposed to make RCML a direct wholly owned subsidiary and hence, the company has today, at around 3:15 p.m., acquired a 100 per cent equity stake of RCML from RPPMSL for an aggregate consideration of Rs 314.48 crore," it said. RCML was incorporated in India on November 2, 2022, to undertake the business of manufacturing petrochemicals, vinyls, hydrogen & its derivatives, rare and industrial gases, bio-energy products and carbon fibre. "The transaction is between the company and its wholly-owned subsidiary and hence a related party transaction. It is on arm's length basis," Reliance said adding no ...

Reliance renews bid for US licence to import Venezuelan oil: Report

French oil producer Maurel & Prom separately on Monday said the US on Friday granted it a licence to conduct oil and gas operations in Venezuela for the next two years

Petrobras loads diesel from RIL on crude tanker in India after delay

The larger shipments will likely ease downward pressure on an oversupplied Asian diesel market and create a price floor for the current market, the sources said

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