Page 43 - Reliance Industries

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

Reliance Jio turns seven: Here is a look at the latest tariff vouchers

The telecom operator launched a number of extra data and special vouchers for their customers

Mcap of seven of top 10 firms falls Rs 62,279 cr; Reliance biggest laggard

The combined market valuation of seven of the top 10 valued firms eroded by Rs 62,279.74 crore last week, with Reliance Industries taking the biggest hit. While Reliance Industries, Tata Consultancy Services (TCS), ICICI Bank, Hindustan Unilever, ITC, State Bank of India and Bharti Airtel were the laggards from the top 10 pack, HDFC Bank, Infosys and Bajaj Finance were the gainers. The market valuation of Reliance Industries fell by Rs 38,495.79 crore to Rs 16,32,577.99 crore. Hindustan Unilever's valuation tumbled Rs 14,649.7 crore to Rs 5,88,572.61 crore and that of Bharti Airtel declined by Rs 4,194.49 crore to Rs 4,84,267.42 crore. The market capitalisation (mcap) of ITC went lower by Rs 3,037.83 crore to Rs 5,50,214.07 crore and that of ICICI Bank dipped Rs 898.8 crore to Rs 6,78,368.37 crore. The mcap of TCS diminished by Rs 512.27 crore to Rs 12,36,466.64 crore and that of State Bank of India dropped by Rs 490.86 crore to Rs 5,08,435.14 crore. However, the valuation of HDF

Weekend Bites: Beleaguered tycoon, GDP, Ambani children, and Wonderlust

In which we munch over the week's platter of news and views

Reliance Retail in talks with global investors to raise $2.5 billion

In an emailed statement, Reliance said "As a policy, we do not comment on media speculation and rumours.", but added "Our company evaluates various opportunities on an ongoing basis"

Stocks to Watch today, Sept 1: RIL, Vedanta, LIC, Five Star Business, Autos

Stocks to Watch today, September 1, 2023: Vedanta ran a "covert" lobbying campaign to weaken key environmental regulations during the Covid-19 pandemic, the OCCRP said in an article on Thursday

Jio Financial Services to be removed from BSE Indices from September 1

Jio Financial Services (JFS) was initially scheduled for removal by August 23

Dunzo delays employee salaries yet again, sets October as new deadline

Dunzo, a quick commerce startup backed by Reliance and Google, had earlier told its employees that their June and July salaries would be paid in September

Alok Industries up 13% in muted market as 116 million shares change hands

On August 14, billionaire Mukesh Ambani-owned Reliance Industries said it would likely invest around Rs 14,200 crore in its subsidiaries in the current financial year

Reliance in talks with head hunters to find CEO for Jio's Insurance biz

Executives from Reliance have met several firms in recent weeks to help them map top talent across life, health and general insurance segments

Jio Financial hits 5% upper limit; gains 10% in two days post RIL AGM

Jio Financial to partner foreign firms for insurance foray, Mukesh Ambani said at the 46th RIL AGM.

Top headlines: Pharma likely to take 5-6% price hikes, FDI outflow soars

Business Standard brings the top headlines at this hour

Reliance Industries gigafactory may power EV industry transformation

Current dominant battery tech making way for LFP batteries, say experts

RIL 46th AGM: Brokerages insipid but keep positive ratings on stock intact

Reliance 46th AGM: The stock would see a significant upside only on listing timelines of the retail and telecom businesses, first announced four years ago in 2019, analysts said

Succession at Reliance: Here is what we know about the Ambani siblings

The 66-year-old elevated his three children as non-executive directors to Reliance's board and said he will spend the next five years of his chairmanship preparing them to take charge

46th AGM of Reliance Industries Limited

46th Annual General Meeting (Post-IPO) of Reliance Industries Limited at 2:00 PM, 28th August, 2023 >

Succession at Reliance: A large family fortune starts a risky transition

That transition could arrive by 2028. At Reliance Industries Ltd.'s annual general meeting Monday, the 66-year-old announced that his three children would be joining the board

Stocks to Watch on Aug 29: RIL, Adani, Indiabulls Housing, SJVN, APL Apollo

Stocks to Watch today, August 29, 2023: An investigation of India's Adani group by the market regulator has uncovered violations of rules on disclosures by listed entities

Reliance on NextGen: Isha, Akash, and Anant Ambani to be on board

Mukesh Ambani to remain CMD for another 5 years, wife Nita steps down from the board