Page 49 - Reliance Industries

TMS Ep450: Auto inventories, IIT-Madras, RIL, de-risking and decoupling

What do dealer inventories tell about auto market? How does IIT-Madras continue to beat the rest? Can RIL reverse its underperformance trend? How's de-risking different from decoupling? Answers here

Mcap of 7 most-valued firms erodes by Rs 65,656 cr; RIL biggest laggard

The combined market valuation of seven of the top-10 most-valued firms eroded by Rs 65,656.36 crore last week, with Reliance Industries taking the biggest hit, amid a muted trend in domestic equities. Last week, the BSE benchmark gained 45.42 points or 0.07 per cent, and the Nifty climbed 34.75 points or 0.18 per cent. While Reliance Industries, Tata Consultancy Services (TCS), HDFC Bank, ICICI Bank, ITC, Infosys and HDFC were the laggards, Hindustan Unilever, State Bank of India and Bharti Airtel witnessed addition in their market valuations. The market valuation of Reliance Industries eroded by Rs 34,910.54 crore to Rs 16,60,923.11 crore. ICICI Bank's valuation tumbled Rs 9,355.65 crore to Rs 6,55,197.93 crore and that of Infosys fell by Rs 7,739.51 crore to Rs 5,38,923.48 crore. The market capitalisation (mcap) of TCS declined by Rs 7,684.01 crore to Rs 12,10,414.19 crore and that of HDFC Bank dived Rs 5,020.13 crore to Rs 8,97,722.23 crore. ITC's valuation dipped Rs 621.4 cro

Reliance's operating performance to remain resilient over 2 years: S&P

Reliance Industries Ltd's operating performance is likely to remain resilient over the next two years, as the firm's growing presence in the digital and retail segments will temper softer earnings in the energy business, S&P Global Ratings said on Thursday. The rating agency affirmed its 'BBB+' rating - equivalent to the sovereign rating assigned to India - to Reliance (RIL) with a stable outlook, reflecting the view that RIL's cash flows will help it preserve its financial profile, despite elevated investments over the next 24 months. In a statement, S&P said Reliance's expansion plans for the next two years are manageable. Capex will remain elevated, but lower than the levels of fiscal 2023 (ended March 31, 2023). The company's leverage will remain at a level commensurate with the current rating, it said. "RIL's operating performance will remain resilient over the next 24 months," it said. "Earnings growth from RIL's digital and retail segments will continue. This will ...

Reliance Industries, Jio among top 10 Indian brands in terms of value

Reliance has two brands in the top ten list of Indian brands, as per a recent report

Combined brand value of Indian companies surpasses $100 bn: Interbrand

TCS tops the list, followed by Reliance Industries and Infosys

After RIL-bp, Nayara Energy sells petrol, diesel at Re 1 less than PSUs

After Reliance Industries Ltd and its partner bp plc of the UK, Nayara Energy - the nation's largest private fuel retailer - has started selling petrol and diesel at Re 1 less than the fuel sold by state-owned retailers, officials said. While state-owned Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) continue to hold prices despite a drop in international rates, private fuel retailers have started passing on the benefit to consumers. "To further stimulate domestic consumption and cater to local customers better, we have introduced a Re 1 discount in our retail outlets until the end of June 2023," a spokesperson for Nayara Energy said. "We believe in being a strong partner to India's energy needs and will continue to serve the country's consumption demand." Nayara Energy, which owns over 7 per cent of India's 86,925 petrol pumps, is selling petrol and diesel at Re 1 per litre less than that by IOC, BPCL and HPCL in

RIL lags as markets near new highs; investors fret over rising debt

Most analysts expect RIL's capex to remain high in 2023-24 as well, by virtue of the roll-out of the 5G network and the continued expansion of its offline and online retail footprint

Reliance Consumer Products partners General Mills to launch Alan's Bugles

RCPL, FMCG arm and a wholly-owned subsidiary of Reliance Retail Ventures Limited (RRVL), announced its foray into the western snacks category with the launch of Alan's Bugles in India

Bernstein pegs Reliance Industries' stake in retail arm at $111 billion

Says firm best positioned in the 'largest and fastest growing e-com market'

$150 bn e-commerce biz: Retail, telecom, media mix to put Reliance at top

Billionaire Mukesh Ambani's Reliance is the best-positioned player in the USD 150-billion Indian e-commerce market ahead of Amazon and Walmart due to it owning the potent combination of largest retail store network, dominant telecom operations and strong digital media, an analyst said. In a new report, Bernstein Research said India is evolving into a three-player market with Amazon, Walmart and Reliance. The conventional retail business model starts out either offline (Walmart) or online (Amazon). "Given distribution challenges and India's propensity to 'skip a generation' in most technologies, we believe the Indian e-commerce market will be different. An integrated model (offline plus online plus prime), strong distribution capability and superior cost advantage (against online players) are required from the start," it said. Reliance Industries is building the largest digital ecosystem in India. Its telecom arm Jio has 430 million mobile subscribers, its retail arm has 18,300 reta

Sensex sheds 413 pts as HDFC twins, RIL weigh; Nifty ends below 18,300

CLOSING BELL: The BSE Midcap, Smallcap indices, however, bucked the trend and ended with a gain of up to 0.2 per cent. Breadth too was marginally positive.

Reliance sells diesel at a cheaper rate than state fuel retailers: Dealers

Fuel JV of Reliance, BP is selling diesel at about Rs 1 a litre lower than state-run Indian Oil Corp, Hindustan Petroleum Corp, Bharat Petroleum, 6 fuel station dealers under Jio-BP brand said

Stocks to Watch today, May 16: RIL, Adani Ent, HDFC, Airtel, BoB, IOC

Stocks to Watch on Tuesday: Multiplex firm PVR Inox Ltd, on Monday, reported a widening in consolidated net loss at Rs 333 crore for Q4FY23

M-cap of 8 of top 10 valued firms soars Rs 1.26 trn; Reliance, HUL shine

Eight of the top 10 valued firms together added Rs 1,26,579.48 crore in market valuation last week, with Reliance Industries and Hindustan Unilever Ltd emerging as the biggest gainers. Last week, the BSE benchmark jumped 973.61 points or 1.59 per cent. Only ITC and Infosys faced erosion in their valuation, while Reliance Industries, Tata Consultancy Services (TCS), HDFC Bank, ICICI Bank, Hindustan Unilever, State Bank of India, HDFC and Bharti Airtel were the gainers. The market valuation of Reliance Industries jumped Rs 28,956.79 crore to Rs 16,80,644.12 crore. Hindustan Unilever's valuation rallied Rs 28,759 crore to Rs 6,16,391.77 crore. The market capitalisation (mcap) of HDFC Bank climbed Rs 23,590.05 crore to Rs 9,31,095.12 crore and that of TCS zoomed Rs 15,697.33 crore to Rs 11,97,881.94 crore. The mcap of HDFC surged Rs 13,893.03 crore to Rs 5,09,434.44 crore and that of ICICI Bank soared Rs 11,946.89 crore to Rs 6,59,479.70 crore. Bharti Airtel's valuation moved up by

Stocks to Watch on May 12: Adani Total, RIL, TaMo, ONGC, Vedanta, Mankind

Stocks to watch today: Mankind Pharma has confirmed that the Income Tax Department conducted a search at some of the premises/ plants related to the Company and some of its subsidiaries

China's SAIC Motor plans to sell its stake in MG Motor to domestic entities

SAIC is in the advanced stages of talks with investors from different Indian companies, which include Reliance, Hero Group, Premji Invest, and JSW Group for equity sale

Delhi HC upholds tribunal ruling favouring Reliance in gas sale case

Delhi HC uphelds ruling of an arbitration panel favouring RIL and its foreign partners in dispute over gas migration from fields operated by Oil and Natural Gas Corp Ltd, court order shows

Delhi HC dismisses Centre's plea accusing RIL of 'unjust enrichment'

Judge Anup Jairam Bhambhani today upheld the decision and said that the case calls for 'no interference'

Mukesh Ambani's RIL has stock analysts most bullish in seven years

The stock is down 3% so far in 2023 compared with a gain of 1.5% in the S&P BSE Sensex Index, hurt in part by a decline in crude prices

Reliance shareholders, creditors approve demerger of financial services arm

Shareholders and creditors of Reliance Industries have approved a plan to demerge the company's financial services arm, Reliance Strategic Ventures Ltd (RSIL). In filings with the stock exchanges, Reliance said that it received 99.99 per cent of votes in favour of the demerger in a shareholders' meeting that happened on May 2. As many as 99.99 per cent of unsecured creditors voted in favour of the resolution while 100 per cent of secured lenders were in favour of the plan. One share of the demerged company with a value of Rs 10 each will be issued for every share held in Reliance. Post demerger, RSIL will be rechristened as Jio Financial Services Ltd (JFSL). According to Jefferies Research, all necessary approvals for the listing of shares of JFS should be in place by September. "JFS will commence lending activities immediately and proceed for regulatory approvals for asset management, life and general insurance. Regulatory approvals are expected to take 12-18 months." The Mukesh