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 is India's largest company by market value, and its business interests range from petrochemicals refining to wireless communication services and consumer goods
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 .
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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As per police, two threatening emails were received between October 31 and November and the sender introduced himself as Shadab Khan
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
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
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The mall will showcase a host of prestigious luxury brands, including Bvlgari, Cartier, Louis Vuitton, Versace, Valentino, Manish Malhotra, Abu Jani Sandeep Khosla, and Pottery Barn, among others
"Another email came from the same email account in which it was written 'U have not responded to our email now the amount is 200 crore otherwise the death warrant is signed'," police said
"The email that Ambani received said that he will be shot if he failed to pay Rs 20 crore," he said
Q2 sales, PBIDT highest ever for firm; marginal miss on PAT
At least two proxy advisory firms had recommended investors vote against Anant Ambani's appointment
Reliance Industries Ltd (RIL) has transferred Rs 5,150 crore earlier this week to its warehouse InvIT infrastructure investment trust (InvIT) entity. "Reliance Retail completed the transfer of assets to warehouse InvIT entity for a total consideration of Rs 5,150 crore on 25th October 2023," said the earning statement from Reliance Retail on Friday. The asset value is now reflected in the 'Other Financial Assets' segment, as of September 30, 2023, it added. RIL has set up an InvIT, under which the group can monetise the backend warehousing and logistics assets of its retail business. Reliance Retail, which operates the retail business of the billionaire Mukesh Ambani-led Reliance Industries, registered the trust with the market regulator Securities and Exchange Board of India (Sebi) in February this year. The funds raised by the InvIT will be used for the acquisition of warehousing and logistics-related assets through a special-purpose vehicle. Reliance Retail, which is aggressiv
Reliance misses profit view as crude drop hurts mainstay business
Closing Bell on October 27, 2023: Among sectors, the Nifty PSU Bank index jumped 4 per cent today
Stock market highlights: JP Morgan, on Friday, upgraded India to 'Overweight' from 'Neutral' and recommended investors to use the near-term correction as an opportunity to add
In August, Mukesh Ambani began executing a succession plan for his energy-to-technology conglomerate, appointing his three children to the board of Reliance Industries Ltd
Jio said the service has already been available in four remotest locations in India - Gir Gujarat, Korba Chattisgarh, Nabrangpur Odissa, and ONGC-Jorhat Assam