Page 36 - Reliance Industries

Sensex up 1200 pts, Nifty tops 21700: Factors behind market rally on Jan 29

Stock market highlights on January 29: The frontline S&P BSE Sensex index soared 1,309 points in the intraday trade to hit a high of 72,010 levels

Walt Disney's India unit market valuation halves in Reliance merger talks

After weeks of negotiations following a non-binding pact with Ambani's Reliance Industries Ltd. to merge their entertainment business

A rational call

Tariff revision can enable telcos to spend on infrastructure

RIL, Asian Paints, Axis Bank: Key levels to watch out for post Q3 results

As stocks turn volatile post Q3 results, watch out for these key levels on the likes of ICICI Bank, Hindustan Unilever, CoForge and UltraTech Cement among others and plan your trading strategy.

Earnings from O2C division may remain volatile for Reliance Industries

RIL's management noted while the refining margins environment looks favourable, that of downstream will remain pressured

Reliance to commission new energy giga complex in Gujarat this year

Billionaire Mukesh Ambani's Reliance Industries Ltd will commission a new energy giga complex in Gujarat in the second half of 2024, the company said in an earnings statement and investor call. Reliance is building a giga complex spread over 5,000 acres in Jamnagar in Gujarat. The complex comprises five giga factories for photovoltaic panels, fuel cell system, green hydrogen, energy storage and power electronics. "On track to commence new energy facilities in phases this year," the company said in a post-third-quarter earnings call with investors. Post announcement of third-quarter earnings on Friday, Ambani stated that the "New Energy Giga Complex is all set to be commissioned in the second half of CY24. I am confident that Reliance's New Energy business will play a pivotal role in the global movement for adoption of cleaner fuels." The Dhirubhai Ambani Green Energy Giga Complex will be among the largest integrated renewable energy manufacturing facilities in the world. Reliance

Sensex falls 260 pts in fag-end, Nifty holds 21,550; FMCGs crack, PSBs soar

Stock market highlights on January 20, 2024: Among sectors, the Nifty IT, and FMCG indices fell 1 per cent each, while the Nifty PSU bank index added 1.9 per cent

Stocks to Watch on Jan 20: RIL, Paytm, ICICI Bank, Prataap Snacks, RBL Bank

Stocks to Watch on Saturday, January 20, 2024: RIL, on Friday, reported a 9.3 per cent year-on-year (Y-o-Y) increase in its consolidated net profit, at Rs 17,265 crore, for Q3FY24

Reliance Industries Q3 results: Net profit up 9.3%, misses estimates

Weak energy segment offsets profit growth in consumer business

Reliance Industries Q3 results: Profit rises 9.3% to Rs 17,265 crore

The Mukesh Ambani-led conglomerate said its consolidated revenue from operations rose 3.6% to Rs 2.28 trillion

Reliance Jio Q3 results: Net profit rises 12.3% to Rs 5,208 crore

Revenue from operations climbed 10.3%, snapping five straight quarters of slowing growth

Sensex gains 496 pts, Nifty tops 21,600; Mkts to hold spl session Saturday

Stock market highlights on January 19, 2024: The S&P BSE Indices will be calculated on Saturday, January 20, 2024 , which is declared as a special trading day by the exchange

Stocks to Watch on Jan 19: RIL, HUL, REC, Paytm, Tata Steel, Jet Airways

Stocks to watch on Friday, January 19, 2024: Tata Steel has reportedly rejected a trade union proposal to keep the blast furnaces operational at Port Talbot Steelworks in Wales, the UK

Jio continues to remain country's strongest brand for 2024: Report

Jio, the telecom and digital arm of billionaire Mukesh Ambani's Reliance, continues to be the strongest Indian brand, ahead of likes of Life Insurance Corporation and State Bank of India, according to the latest report 'Global-500 2024' published by Brand Finance. Jio had topped India's strong brands in Brand Finance's 2023 rankings as well. In the 2024 ranking, Jio is placed at the 17th position among the world's strongest brands with a Brand Strength Index of 88.9 in the list led by WeChat, YouTube, Google, Deloitte, Coca Cola and Netflix. LIC is placed at the 23rd place on the list, followed by SBI at 24th rank. It is ahead of brands like EY, and Instagram. "Jio, a relatively new entrant in the telecommunications sector, emerges as the strongest brand with a notable 14 per cent increase in brand value to USD 6.1 billion, alongside a high brand strength index score of 89.0 and associated AAA brand rating," the report said. "Jio's meteoric rise in the telecom industry is benefiti

Hathway Cable & Datacom Q3 results: Profit declines 22% to Rs 22.35 crore

Cable television distribution company Hathway Cable & Datacom Ltd on Tuesday reported a 22.31 per cent decline in consolidated net profit to Rs 22.35 crore for the third quarter of 2023-24. The company had posted a net profit of Rs 28.77 crore in the October-December period a year ago, according to a regulatory filing of Hathway Cable & Datacom, a firm controlled by Reliance Industries Group. However, its total revenue was up 5.46 per cent to Rs 504.58 crore in the October-December quarter. It was at Rs 478.45 crore in the corresponding period a year ago. In the December quarter, total expenses of Hathway Cable & Datacom were at Rs 512.36 crore, up 5.7 per cent. Shares of Hathway Cable & Datacom Ltd on Tuesday settled at Rs 23.85, down 2.77 per cent from the previous close.

Reliance Industries sells REC Solar Norway to Elkem ASA for $22 million

Reliance Industries Ltd on Monday said it will sell REC Solar Norway AS to Oslo-listed Elkem ASA for around USD 22 million. REC Norway is a wholly-owned unit of REC Solar Holdings and is involved in the manufacturing of kerf-based polysilicon in the Scandinavian country. In October 2021, a unit of Reliance acquired Norway's solar panel manufacturer at an enterprise value of USD 771 million as the Indian oil-to-retail conglomerate sought to extend its dominance into alternative energy. "REC Solar Holdings AS, a step-down wholly-owned subsidiary of Reliance Industries Ltd (RIL), has informed that it has, on January 14, 2024, entered into a share purchase agreement with Elkem ASA for the sale of its 100 per cent equity stake in REC Solar Norway AS for an aggregate cash consideration of USD 22 million," RIL said in a stock exchange filing. Founded in 1904, Elkem ASA is a silicon-based material provider, and listed on the Oslo Stock Exchange. "REC Norway, a wholly-owned subsidiary of R

Q3FY24 earnings preview: Consumer business to boost RIL's earnings

Analysts estimate strong performance in consumer businesses to be offset by a decline in O2C earnings

India likely to get its first $1 trn market capitalisation firm by 2032

With a mcap of $213 billion, RIL is currently the most-valued Indian firm

Reliance, Jindal among six firms to get incentives for making electrolysers

Reliance Electrolyser Manufacturing, Jindal India and John Cockerill Greenko Hydrogen Solutions are among the six firms who have emerged as successful bidders for getting incentives to set up facilities to manufacture electrolysers, a critical component required for green hydrogen production. The bids came in response to a tender by Solar Energy Corporation of India (SECI) inviting players for setting up 1.5GW manufacturing capacity for electrolysers, as per a SECI statement. Bids for electrolysers manufacturing were invited on July 7 last year. A SECI statement issued on January 12, 2024, showed that Reliance Electrolyser Manufacturing Ltd has bagged incentives of Rs 444 crore for setting up of 300MW of manufacturing capacities for electrolysers. Similarly, John Cockerill Greenko Hydrogen Solutions Private Ltd and Jindal India Ltd have also bagged incentives of Rs 444 crore each for setting up 300 MW manufacturing capacity of electrolysers each. Ohmium Operations Pvt Ltd has bagg

M-cap of 5 of top-10 most-valued firms jumps Rs 1.99 trn; Reliance shines

Five of the top-10 most-valued firms added Rs 1,99,111.06 crore in market valuation last week, with Reliance Industries emerging as the biggest gainer, in-tandem with bullish sentiments. Last week, the BSE benchmark jumped 542.3 points or 0.75 per cent. Benchmark equity indices Sensex and Nifty surged over 1 per cent to hit their fresh all-time highs on Friday. While Reliance Industries, Tata Consultancy Services (TCS), ICICI Bank, Infosys and Bharti Airtel were the gainers from the top-10 pack, HDFC Bank, Hindustan Unilever, ITC, State Bank of India and Life Insurance Corporation of India (LIC) were the laggards, taking a combined hit of Rs 76,098.67 crore. Reliance Industries added Rs 90,220.4 crore taking its market valuation to Rs 18,53,865.17 crore. The valuation of TCS jumped Rs 52,672.04 crore to Rs 14,20,333.97 crore. Shares of Tata Consultancy Services climbed nearly 4 per cent on Friday after the company reported an 8.2 per cent growth in net income for the December quart