Page 41 - Reliance Industries

Sensex, Nifty end flat after hitting record highs; broader indices gain 1%

Closing Bell on September 14, 2023: Sectorally, the Nifty PSU Bank index gained 1.64 per cent, the Nifty Metal index added 1.5 per cent, and the Nifty Realty eked out gains of 1.4 per cent

Stocks to Watch today, Sep 14: Adani Group, RIL, Hero Moto, Bombay Dyeing

Stocks to watch on Thursday, September 14, 2023: Delta Corp, Indiabulls Housing Finance, IEX, India Cements, Manappuram, REC and SAIL among stocks in F&O ban today.

Expecting high demand, QSRs, retail companies expand their workforce

Reliance Retail (RR), the country's largest retailer, added the most number of employees at about 60,000 in FY23

Stocks to Watch, Sep 12: L&T, RIL, Lupin, Hindalco, TVS Supply, Power Grid

Stocks to watch on Tuesday, September 12, 2023: From L&T raising its share buyback price, Bajaj Finance planning to enter new car loans segment, Power Grid to trade ex-bonus and more.

Tata Group needs to find substantial growth, ward off Ambani's Reliance

Tata Consumer Products Ltd., the owner of the Tetley tea brand, was uncomfortable with Haldiram's $10 billion valuation

RIL backed HFCL bags Rs 83 crore order to supply optical fibre cable

Reliance Industries-backed Himachal Futuristic Communications Limited (HFCL) on Monday said it has bagged a Rs 82.60 crore order from a domestic telecom service provider. In a regulatory filing, the company said it has received the order for the supply of optical fibre cable from an Indian company into telecom services, and the contract is likely to be executed by November this year. HFCL recorded a 42 per cent rise in its net profit to Rs 75.56 crore in the April-June quarter of FY2023-24, up from Rs 53 crore in the year-ago period.

Top headlines: RIL pushes battery unit timeline to 2026, PM signs off G20

Business Standard brings you the top headlines at this hour

Stocks to Watch today, Sep 11: Adani Grp, HDFC Bank, RIL, Sonata, IRB Infra

Stocks to watch on September 11, 2023: Balrampur, Delta Corp, India Cements, Manappuram, PNB and SAIL among nine stocks in F&O ban on Monday.

Reliance Industries pushes battery unit timeline by 2 years to 2026

This would be one of the rare instances, where the company has changed a stated timeline or target for any business outcomes

Street Signs: MFs raise equity exposure, Jio effect on benchmarks, and more

Shares of RR Kabel were trading at a premium of 25-30 per cent in the grey market ahead of its initial public offering, which is set to open on September 13

Reliance Retail total debt up 73%; RRVL expected to continue pumping money

Reliance Retail Limited's debt-to-equity ratio increased from 1.35 in FY22 to 1.91 in FY23

Reliance Industries contributes Rs 25 cr to U'khand CM's relief fund

Chief Minister Pushkar Singh Dhami thanked Reliance Industries and Anant Ambani for their cooperation

After Reliance, Tata Group set to announce AI partnership with Nvidia

Reliance will create AI applications and services for their 450 million Jio customers and provide AI infrastructure to scientists, developers and startups across India

RIL, Nvidia join hands to build AI infrastructure in India; stock up 1%

At Reliance Industries' 46th Annual General Meeting (AGM), Chairman Mukesh Ambani had promised "AI to everyone, everwhere"

Reliance explores chipmaking foray, in talks with potential partner

"There is intent, there is no timeline," said the person, adding that Reliance has "yet to make a call on whether they want to ultimately invest"

Entry of Adani, Ambani likely to energise compressed biogas space

Hopes rise of streamlined supply-chain of feedstock, higher off-take

Stocks to Watch: Reliance, Tata Consumer, Biocon, TCS, REC,Som Distilleries

Stocks to Watch on September 7, 2023: Tata Consumer Products has refuted reports that said it is in talks to acquire a majority 51 per cent stake in Haldiram's

Reliance Retail receives Rs 8,278 cr from QIA, allots 68 mn shares

Reliance Industries on Wednesday said it has received Rs 8,278 crore from Qatar Investment Authority (QIA) for around 1 per cent stake in Reliance Retail Ventures Ltd (RRVL), the retail arm of billionaire Mukesh Ambani-led group. As per the deal, it has allotted 6.86 crore equity shares to QIA of RRVL, which is the leading retailer in the country, said a regulatory filing from Reliance Industries Ltd (RIL). "Reliance Retail Ventures Ltd today received the subscription amount of Rs 8,278 crore from Qatar Holding LLC (QIA) and allotted 6,86,35,010 equity shares to QIA," said RIL. The investment is made by QIA's wholly-owned subsidiary into India's largest retailer at a valuation of Rs 8.278 lakh crore (USD 100 billion). Earlier on August 23, RIL had announced divesting 1 per cent stake in RRVL to QIA for a consideration of Rs 8,278 crore (USD 1 billion). Updating about the development, Reliance Industries had said: "QIA's investment will translate into a minority equity stake of 0.9

Jio Financial Services to be excluded from NSE indices from Sept 7

Jio Financial Services Limited, the demerged financial services unit of Reliance Industries, will be excluded from various indices of NSE, including the benchmark Nifty 50, from September 7. Shares of Jio Financial got listed on the stock exchanges on August 21, after its spin-off from parent Reliance Industries. In accordance with the index methodology, as JIOFIN has not hit price band on two consecutive trading days on September 4 and 5 at NSE, the Index Maintenance Sub Committee (Equity) of NSE Indices Ltd has decided to exclude JIOFIN from various indices effective from September 7, 2023 (close of September 6, 2023), as per a statement by NSE Indices Ltd on Tuesday. "It may be noted that if JIOFIN hits the price band on September 6, the exclusion shall not be deferred further," it added. Apart from Nifty 50, the company will be excluded from Nifty 100, Nifty 200, Nifty 500, Nifty50 Equal Weight, among others. NSE Indices had in July announced inclusion of Jio Financial Service

Mukesh Ambani, Gautam Adani top the Fortune India Rich List for 2023

The magazine said the wealth estimate of the Indian billionaires is based on stock prices as of 14 July 2023 and shareholding as of December 2022