Page 40 - Reliance Industries

BAM Digital Realty appoints CB Velayuthan as Chief Executive Officer

BAM Digital Realty, a joint venture between Brookfield Infrastructure and Digital Realty, on Monday announced the appointment of C B Velayuthan as its chief executive officer. BAM Digital Realty in July had announced that Reliance Industries would be joining the entity as an equal partner to form a three-way joint venture. The deal is currently under regulatory approval. The new entity will operate under the brand name Digital Connexion: A Brookfield, Jio and Digital Realty Company when finalized. Velayuthan will lead the India team to deliver on the digital infrastructure needs of this rapidly growing market, becoming a full product spectrum digital infrastructure provider that can support the capacity and connectivity requirements of cloud service providers, hyperscalers and enterprise customers in India and across the world, BAM Digital Realty said in a statement. Velayuthan joins BAM Digital Realty from Equinix as their Global Managing Director of Strategic Alliances. Previousl

M-cap of 10 valued firms plunge Rs 1.52 trn; Reliance, TCS biggest laggards

The combined market valuation of the top 10 valued companies plunged Rs 1,52,979.78 crore last week, with Reliance Industries and Tata Consultancy Services (TCS) taking the biggest hit in an overall weak trend in equities. Last week, the BSE benchmark fell 885.12 points or 1.33 per cent. The market valuation of Reliance Industries plummeted Rs 34,876.78 crore to Rs 15,55,531.53 crore. The valuation of TCS plunged Rs 27,827.08 crore to Rs 12,78,564.03 crore. Hindustan Unilever's market valuation eroded by Rs 18,103.6 crore to Rs 5,86,223.02 crore and that of Bajaj Finance fell by Rs 17,171.75 crore to Rs 4,70,574.90 crore. The market capitalisation (mcap) of ICICI Bank dived Rs 13,518.4 crore to Rs 6,53,120.67 crore and that of ITC dropped Rs 12,533.27 crore to Rs 5,46,537.83 crore. State Bank of India's valuation declined by Rs 11,512.75 crore to Rs 5,02,678.77 crore and that of HDFC Bank fell by Rs 10,387.09 crore to Rs 11,54,748.49 crore. The mcap of Bharti Airtel slipped Rs .

Stocks to Watch today: Bajaj Auto, Wipro, RIL, Dabur, IndusInd, Bandhan Bk

Stocks to watch on Thursday, October 19, 2023: FMCG majors ITC, Hindustan Unilever and Nestle also likely to be in focus ahead of Q2 results today.

Reliance Industries' luxury real estate bet gets HSBC financing boost

London-based bank originally provided £60 mn loan facility to subsidiary of Reliance Industries Ltd. shortly after it acquired the Stoke Park estate in southeast England for £57 million in 2021

Stocks to Watch today: HDFC Bank, Grasim, JFS, Sugar, Ceat, SpiceJet, BoM

Stocks to watch on Oct 17, 2023: HDFC Bank reported a 50 per cent jump in net in its first results after merger with HDFC; Jio Financial posted 100 per cent growth in net post demerger from Reliance.

Ambani's youngest son, Anant, faces proxy firms' pushback on board seat

"A vote against this resolution is warranted as Anant Ambani's limited leadership/board experience of around six years, raises concerns on his potential contribution to the board," ISS said

Jio Financial Services' net profit doubles sequentially in Sept quarter

A R Ganesh appointed group chief technology officer

Muted revenue growth, higher profitability for RIL in quarter ending Sept

RIL's refining segment gains are expected to be partially offset by a slump in petrochemical margins and planned shutdowns at the refining facilities

RIL, ONGC: Keep stocks of these oil explorers on radar as crude prices soar

Charts suggest that shares of oil exploration companies can rally over 16 per cent from present levels.

Mcap of six of top 10 firms jumps Rs 70,527.11 crore; RIL biggest gainer

The combined market valuation of six of the top 10 valued firms jumped Rs 70,527.11 crore last week, with Reliance Industries Ltd (RIL) emerging as the biggest gainer. While Hindustan Unilever Ltd, Bharti Airtel, ITC, ICICI Bank and HDFC Bank were the gainers, Infosys, Tata Consultancy Services (TCS), State Bank of India and Bajaj Finance emerged as the laggards. Last week, the BSE benchmark climbed 287.11 points or 0.43 per cent. The market valuation of Reliance Industries rallied Rs 22,191.43 crore to Rs 15,90,408.31 crore, the most among the top 10 firms. Hindustan Unilever added Rs 17,222.5 crore taking its valuation to Rs 6,04,326.62 crore. The valuation of Bharti Airtel jumped Rs 16,953.01 crore to Rs 5,36,035.96 crore and that of ITC climbed Rs 7,607.26 crore to Rs 5,59,071.10 crore. The market capitalisation (mcap) of ICICI Bank rose Rs 4,581.64 crore to Rs 6,66,639.07 crore and that of HDFC Bank went up by Rs 1,971.27 crore to Rs 11,65,135.58 crore. However, the valuati

Bulking up: Mutual fund managers favour select banks and auto stocks

Maruti Suzuki, Zomato, ITC and Tata Motors are other stocks that have seen continued buying interest from MFs

Forbes India Richest List 2023: Mukesh Ambani reclaims top spot; full list

According to the Forbes India Rich List 2023, Savitri Jindal is the wealthiest Indian woman

IiAS tells investors to vote against Anant's appointment on RIL board

States that the youngest Ambani's age is lower than its stated voting guidelines

Global Olympic body, Reliance sign pact to promote sports values in India

The International Olympic Committee (IOC), the Olympic Museum and Reliance Foundation on Monday announced an agreement to promote Olympic values through sport among children starting with the Mumbai region and soon expanding it across the state of Maharashtra. The agreement will focus on grade-specific activities in selected schools, sessions between athletes and students to promote physical activity and raising awareness to promote Olympism and Olympic values. The programme has had a world-wide impact so far, said IOC president Thomas Bach, adding that the agreement with the Abhinav Bindra Foundation in Odisha has been reaching unprecedented heights'. Talking about the agreement with Reliance Foundation, Bach said, They have the potential to reach 17.5 million children across Maharashtra and with the Abhinav Bindra Foundation in Odisha, there is potential to reach another 7 million children." Most of these children are coming from the underprivileged section of the society and the

Stocks to Watch: MCX, TCS, Reliance, Bank of Baroda, Titan, Liquor, sugar

Stocks to Watch on October 9, 2023: MCX has received approval from Sebi's technical advisory panel to shift to the new commodity derivative trading platform

Reliance Retail Ventures to raise Rs 4,966.80 crore from ADIA arm

This investment by ADIA will translate into an equity stake of 0.59 per cent in the company on a fully diluted basis

Mukesh Ambani's Reliance Retail Ventures to raise $598 million from ADIA

The investment by ADIA at a valuation of $100.8 billion will translate into a stake of 0.59% in company, the retail unit of oil-to-retail conglomerate Reliance Industries said in a regulatory filing

Reliance unveils swappable, multipurpose batteries for EVs for clean energy

The idea is that a person can use one battery for mobility as well as for powering appliances at home, company executives at the event said

Stocks to Watch today: Bajaj duo, LIC, JSW Infra, Adan Ent, HDFC Bank, DLF

Stocks to Watch on Wednesday, October 4, 2023: Bajaj Finserv's insurance arm, Bajaj Allianz General Insurance has received a show cause notice alleging a tax demand of Rs 1,010.05 crore

India Inc's electric vehicle battery-making plans hinge on China imports

The processing, as well, remains heavily dependent on China for more than 90 per cent of the requirements, industry executives point out