Page 49 - Reliance Industries

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

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