Page 33 - Reliance Industries

RIL invest over $125 bn in capex in last 10 years as it undertook expansion

Reliance Industries Ltd invested over USD 125 billion in the last ten years as it undertook massive expansion in hydrocarbon and telecom businesses, a report said, estimating that the conglomerate's investments in the next three years would be in relatively less capex-heavy retail and upstream new energy. Reliance is coming out of a series of long and intensive capex cycles (hydrocarbons and telecom). "The company has invested nearly USD 30 billion between FY13-18 to increase scale, integration and cost competitiveness of the O2C (oil to chemical) business, and close to USD 60 billion between FY13-24E in 4G/5G capabilities to create a high-growth telecom business," Goldman Sachs said in a deep dive report on Reliance. With the pan-India 5G rollout now likely completed and potential telecom tariff hikes ahead, it expected the telecom business to become a strong free-cash-flow (FCF) generation business alongside current cash cow O2C (which comprises its mega oil refinery and ...

Businesses have responsibility to build strong, inclusive India: Ambani

Richest Indian Mukesh Ambani on Saturday said the business community has the responsibility to build a stronger and more inclusive India. Addressing an event organised by the Gems and Jewellery Exports Promotion (GJEPC) here, the chairman and managing director of Reliance Industries also exuded confidence that the industry will reach its goal of touching USD 100 billion in exports in the next few decades. "All of us collectively in the business community have a responsibility to build a stronger, better and more inclusive India to fulfil the vision and the goal that our PM has set for us, that of a Viksit Bharat, a fully developed India in the next decades," he said. Ambani congratulated the gems and diamonds industry for the work they have done over the past few decades to reach USD 40 billion in exports and create over 50 lakh jobs in the country. From modest beginnings, the industry led by people from Palanpur made big strides, Ambani said, stressing that he is "proud" of the ...

Jio Fin's arm invests Rs 2.5 cr in Reliance International Leasing IFSC Ltd

Jio Financial Services on Thursday said its subsidiary Jio Leasing Services and its nominees have made an initial investment of Rs 2.50 crore in newly-incorporated Reliance International Leasing IFSC Ltd (RILIL). Incorporated on February 1, RILIL is a 50:50 joint venture between Jio Leasing and Reliance Strategic Business Ventures Ltd, an arm of Reliance Industries. "Jio Leasing Services Ltd (JLSL)... along with its nominees invested an amount of Rs 2.50 crore towards the initial subscription of 25 lakh equity shares of Rs 10 each of RILIL, for cash at par," Jio Financial Services said in a BSE filing. JLSL is a subsidiary of Jio Financial. RILIL will be engaged in the business of operating lease of ships, vessels and voyage charters in International Financial Services Centre (IFSC) located at International Finance Tec-City (GIFT City), Special Economic Zone (SEZ), Gujarat. Shares of Jio Financial Services were trading Rs 355.70, up 1.50 per cent from previous close on the BSE.

Reliance jumps 4% as Goldman Sachs sees up to 56% upside in stock by FY26

The brokerage has raised its target price to Rs 3,400 from Rs 2,925 in a base-case scenario, reflecting a potential upside of 18 per cent from RIL's last close

Reliance Industries rally spurs market bulls; Sensex ends 526 pts higher

Reliance Industries rose 3.6 per cent to close at Rs 2,984, becoming both the biggest gainer and the biggest contributor to the Sensex and Nifty gains

Reliance Industries shares jump 4%, mcap again reaches Rs 20 trn mark

Shares of Reliance Industries Limited were in heavy demand on Wednesday, rising nearly 4 per cent, with its market valuation again crossing the historic Rs 20 lakh crore mark. The bellwether stock jumped 3.60 per cent to settle at Rs 2,987.85 apiece on the BSE. During the day, it zoomed 4 per cent to Rs 2,999.90. On the NSE, it climbed 3.48 per cent to Rs 2,983.75 per share. The company's market capitalisation (mcap) jumped by Rs 70,039.26 crore to reach Rs 20,21,486.59 crore. In volume terms, 4.71 lakh shares of the company were traded on the BSE and over 81.63 lakh shares on the NSE during the day. Rally in the stock was instrumental in driving the markets higher. The 30-share BSE Sensex jumped 526.01 points or 0.73 per cent to settle at 72,996.31. The NSE Nifty went up by 118.95 points or 0.54 per cent to 22,123.65. "The gains were led by industry heavyweight Reliance Industries and other energy stocks owing to a drop in crude oil prices," Avdhut Bagkar, Technical and Derivati

Oil prices continue to rise on expectations of limited supply from Russia

Brent crude rose 23 cents to $86.98 a barrel by 0118 GMT. US crude futures climbed 28 cents to $82.23

Indian refiners buy more US crude amid tighter sanctions on Russian oil

India's Reliance, operator of the world's biggest refining complex, will not buy Russian oil loaded on tankers operated by Sovcomflot after recent US sanctions

Stocks to watch on March 26: UltraTech, Mankind Pharma, RIL, RVNL, Lupin

Stocks to Watch on March 26, 2024: Reliance Industries acquired a 100 per cent stake in MSKVY Nineteenth Solar SPV and MSKVY Twenty-second Solar SPV from MSEB Solar Agro Power

RIL, BPCL: Nifty below 50-DMA; Key levels to watch on stocks below this DMA

33 out of Nifty 50 stocks trade below their respective 50-DMAs; Charts suggest that select stocks can decline up to 13% in case the fall extends towards the 100-DMAs.

Merger musings

Reliance Industries is making big bets in a sector where it had a minor position until recently

Mcap of 5 of top 10 firms tanks Rs 2.23 trn; Reliance, LIC biggest laggards

Five of the top 10 valued firms faced a combined erosion of Rs 2,23,660 crore from their market valuation last week, with Reliance Industries and Life Insurance Corporation of India taking the steepest hit amid an overall bearish trend in equities. Last week, the BSE benchmark tanked 1,475.96 points or 1.99 per cent. While Reliance Industries, ICICI Bank, State Bank of India, Life Insurance Corporation of India (LIC) and Hindustan Unilever suffered erosion from their market capitalisation (mcap), Tata Consultancy Services (TCS), HDFC Bank, Bharti Airtel, Infosys and ITC were the gainers. The mcap of Reliance Industries tanked Rs 81,763.35 crore to Rs 19,19,595.15 crore, the most among the top-10 firms. LIC's market valuation tumbled Rs 63,629.48 crore to Rs 5,84,967.41 crore and that of State Bank of India plummeted by Rs 50,111.7 crore to Rs 6,53,281.59 crore. The mcap of Hindustan Unilever dropped by Rs 21,792.46 crore to Rs 5,46,961.35 crore and that of ICICI Bank dived Rs 6,36

RIL denies links with Qwik Supply the third largest electoral bond buyer

Qwik Supply Chain Private Limited, a little-known company with registered address at Navi Mumbai's Dhirubhai Ambani Knowledge City (DAKC) and having links to Reliance Industries, was the third largest donor to political parties using electoral bonds. It bought Rs 410 crore of electoral bonds between financial years 2021-22 and 2023-24 but Reliance said the company is not a subsidiary of any Reliance entity. Electoral bond purchases and donations by Qwik Supply were behind Rs 1,368 crore of Future Gaming and Hotel Services - another little-known lottery company - and Rs 966 crore of Hyderabad-based Megha Engineering & Infra, according to information uploaded by the Election Commission on its website. Publicly available information describes Qwik Supply as a manufacturer of warehouses and storage units. The unlisted private company was incorporated on November 9, 2000 with an authorised share capital of Rs 130.99 crore. Its paid-up capital is Rs 129.99 crore. The firm had a revenue .

Reliance to buy Paramount's entire 13.01% stake in Viacom18 for $517 mn

The transaction is also subject to the completion of Reliance's previously announced merger with Walt Disney for their India TV and streaming media assets

Mutual funds sell 25% in Paytm holding, continue to lap up HDFC Bank

Reliance Industries along with HDFC Bank remain the top mutual funds buys for 2nd straight month

Reliance's fuel supply to Europe avoids Red Sea to keep clear from Houthis

Globally fuel producers are avoiding the Red Sea and go around Africa to avoid Iran-aligned Houthi attacks despite the Suez canal being the shortest route between Asia and Europe

Adani Enterprises to RIL: Potential leaders and laggards among Nifty50

Charts suggest that among the key Nifty heavyweights, Infosys, HDFC Bank and ICICI Bank look poised for gains, while Reliance is likely to consolidate in the near-term, writes Rex Cano

Will Tata Motors drive out of Nifty, Sensex, MSCI, FTSE? What analysts say

In the past one year, shares of Tata Motors have been in top gear and have outperformed all stocks that comprise the Nifty Auto index with a rise of nearly 131 per cent during this period, shows data

Reliance-Disney merger likely to capture 50% of India's streaming market

Last month, Reliance agreed to acquire Disney's India business, creating an $8.5 billion media giant ranging from film and television production to news and sports content.

Fri-yay! RIL, ICICI Bank, Tata Motors, Grasim, Adani Ports hit new highs

Zomato, Ambuja Cements, Cipla, Tata Motors DVR, United Spirits were among notable stocks from the S&P BSE 200 index that, too, hit their respective record highs