Page 37 - Reliance Industries

Reliance to invest additional Rs 20k cr in Bengal in 3 years: Mukesh Ambani

Reliance Industries chairman and MD Mukesh Ambani on Tuesday announced an additional Rs 20,000-crore investment for West Bengal over the next three years. Ambani said the fresh investment will be in the areas of digital life solutions, retail and bio-energy. "We plan to invest an additional Rs 20,000 crore in Bengal in the next three years for enhancing digital life solutions, augmenting Reliance Retail footprint and on bio-energy," he said at the Bengal Global Business Summit (BGBS) here. The Reliance Industries has invested close to Rs 45,000 crore in the last few years in the state, Ambani said. "Reliance will leave no stone unturned to accelerate Bengal's growth," he asserted. The Reliance Foundation will also take up the task of renovating and restoring the iconic Kalighat Temple in Kolkata to regain its "original glory", Ambani added.

Jio Financial Services in early talks with bankers for maiden bond issue

Jio Financial, which was carved out of Reliance Industries, is in the process of getting its credit rating and other necessary approvals

Markets snap 2-day losing run; Sensex rises 276 pts, Nifty nears 19,800

Closing Bell on Tuesday, November 21: Among sectors, the Nifty Metal index rallied 1.22 per cent, followed by the Nifty Realty (1.13 per cent), and the Nifty Media (1.12 per cent)

Over 25 nations' leaders to join Bengal Global Business Summit from Tue

Business leaders from more than 25 countries, a host of prominent figures of corporate India as well as political dignitaries are expected to take part in the seventh edition of the Bengal Global Business Summit (BGBS) that will begin on Tuesday, officials said. The participating countries include the US, UK, Japan, Poland, France, Australia, Germany, Malaysia, Bangladesh and Fiji, they said. Corporate honchos from India's Reliance Industries, ITC, Ambuja Neotia and the Hiranandani Group are also likely to attend the state's marquee business summit. The focus sectors at the two-day BGBS 2023 are MSME, textiles, engineering, energy, transport & urban infrastructure, real estate, agri, tourism and international trade & logistics, officials said. Over 250 international delegates are expected to participate, including senior representatives from the World Bank and the Asian Development Bank, they said. "Reliance Industries Chairman & MD Mukesh Ambani is expected to attend this

Jio Financial Services in talks with merchant bankers for maiden bond issue

The company may look to raise Rs 5,000 crore ($600.6 million) to Rs 10,000 crore through the issue and may tap the market in the last quarter of this financial year, the bankers added.

Reliance JioCinema signs up Pokemon in kids entertainment push: Report

The deal, signed this month, will make JioCinema's streaming app the "exclusive" India platform partner for more than 1,000 episodes and around 20 movies of the Japanese anime series

Oil & gas biz may be nearing peak for RIL, claims larger share in profit

Ril's oil and gas business performance for several years has been lackluster in comparison to the profits its other divisions have returned

Reliance raises Rs 20K cr at 7.79%, largest issue by non-financial firm

Reliance Industries has raised Rs 20,000 crore in the largest bond issue by a non-financial Indian firm, paying 7.79 per cent interest rate, the company said on Friday. The coupon rate is 40 basis points more than the government's borrowing cost. The company's 10-year bonds were sold at a coupon rate of 7.79 per cent, the firm said in a stock exchange filing. "We wish to inform that the company has today allotted 20,00,000 secured, redeemable, non-convertible debentures (NCDs) of the face value of Rs 1,00,000 each, issued on private placement basis," it said. The base issue size was Rs 10,000 crore, with an option to retain oversubscription (green shoe option) of up to Rs 10,000 crore. The company's bond issue earlier this week received bids worth Rs 27,115 crore, with major interest from insurance companies. Of this, it retained Rs 20,000 crore. The debentures will be secured by "all moveable plant and machinery (both present and future) of the company, located at Hazira and Dah

Reliance Industries raises Rs 20,000 crore through 10-year bonds at 7.79%

The majority of the subscribers were large insurance companies, and pension funds, market participants said

Reliance Industries raises Rs 20,000 cr in largest local bond sale

Reliance Industries has paid less than what state governments have for similar issues in the recent past, indicating an "ultra-strong appetite" for high-rated longer-duration papers, bankers added

Samvat 2080: Stock picks by HDFC Sec, Kotak Sec, ICICI Direct, JM Financial

Here's a list of Diwali picks recommended by top brokerage and research firms that can help you build your portfolio for Samvat 2080.

Indian insurers to lead bids for Reliance's mega bond issue: Experts

The billionaire Mukesh Ambani-led company aims to raise up to 200 billion rupees ($2.40 billion) via 10-year bonds on Thursday, its first such fundraise since May 2020.

Stocks to Watch today: RIL, Apollo Tyres, IRCTC, IndiGo, Dilip Buildcon

Stocks to watch on Wednesday, November 08, 2023: Reliance lines-up biggest-ever bond sale worth Rs 24,000 crore; Apollo Tyres, Dilip Buildcon post bumper profit in Q2, stocks likely to react today.

Reliance Industries files for record $2.4 billion rupee bond sale: Report

Reliance Industries is India's largest company by market value, and its business interests range from petrochemicals refining to wireless communication services and consumer goods

Reliance returns to oil indexation for KG gas, seeks buyers for 4 mmscmd

Reliance Industries Ltd and its partner bp plc of UK have reverted to oil indexation for pricing the gas they produce from India's largest private-sector operated field in KG basin as they look to tap into the upside from the buoyant oil market. Reliance and bp in a tender have sought bids from buyers for 4 million standard cubic meters per day of gas from KG-D6 block in Bay of Bengal starting December 1, 2023. They want users to quote a price indexed to Brent crude oil price, according to the tender document. The firm had in recent previous auctions, the last being in May this year, sold gas indexed to international gas benchmark, JKM. "The consortium issued a notice inviting offer dated October 27, 2023 and invited offers from interested companies to offtake gas from the gas fields on the price basis specified in Request for Proposal (RFP), commencing from December 1, 2023 at the delivery point located in Gadimoga, Andhra Pradesh," the tender document said. It asked bidders to .

M-cap of 9 of top-10 most valued firms surges Rs 97,463 cr; Reliance leads

The combined market valuation of nine of the top-10 most valued firms surged Rs 97,463.46 crore last week, with Reliance Industries emerging as the biggest gainer, amid an overall positive trend in equities. Last week, the BSE benchmark jumped 580.98 points or 0.91 per cent. Barring Bajaj Finance, the rest nine firms, including Reliance Industries, HDFC Bank, ICICI Bank and State Bank of India emerged as gainers. The market valuation of Reliance Industries jumped Rs 36,399.36 crore to Rs 15,68,995.24 crore. State Bank of India's market capitalisation (mcap) zoomed Rs 15,305.71 crore to reach Rs 5,15,976.44 crore. The valuation of ICICI Bank surged Rs 14,749.52 crore to Rs 6,54,042.46 crore and that of HDFC Bank climbed Rs 11,657.11 crore to Rs 11,25,842.89 crore. The mcap of Bharti Airtel rallied Rs 9,352.15 crore to Rs 5,23,087.22 crore and that of Hindustan Unilever Limited gained Rs 6,320.4 crore to Rs 5,89,418.46 crore. Infosys added Rs 3,507.08 crore taking its valuation to

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Mukesh Ambani receives fresh threats for ignoring previous demand

As per police, two threatening emails were received between October 31 and November and the sender introduced himself as Shadab Khan

Ambani's Reliance Industries considers record $1.8 billion bond sale

The transaction, if it concludes, would be the biggest rupee sale ever for Reliance, Bloomberg-compiled data show. It would also be the conglomerate's first domestic bond since 2020

Industrialist Mukesh Ambani receives 3rd threat email with Rs 400 cr demand

Reliance Industries Chairman Mukesh Ambani has received a threat email from an unidentified person seeking Rs 400 crore, police said on Tuesday. Ambani's company received the email on Monday. It is the third threat email sent to Ambani in four days, an official said. Earlier, an FIR was registered at Gamdevi police station here based on a complaint filed by the industrialist's security in-charge after the first email, seeking Rs 20 crore, was received from an unidentified person on Friday. On Saturday, the company received another email demanding Rs 200 crore. The company received the third email on Monday, in which the sender doubled the demand, the official said. The Mumbai police, their crime branch and cyber teams are working to trace the sender of the email, he added. Last year, the Mumbai police arrested a man from Bihar's Darbhanga for making death threat calls to Ambani and his family members. The accused had also threatened to blow up the Sir H N Reliance Foundation Hos