Page 50 - Reliance Industries

Sensex soars 556 pts, ends at 2023 high; Nifty tops 18,250; HDFC twins lead

CLOSING BELL: The NSE Nifty 50 rallied 166 points. Index heavyweights HDFC, HDFC Bank and Reliance Industries contributed more than 60 per cent of the gain for Sensex.

RIL gets nod from shareholders, creditors to demerge financial services arm

RSIL will be renamed Jio Financial Services Ltd (JFSL) and RIL shareholders will receive one share of JFSL for each share they own

Vantage emerges highest bidder for SKS Power Generation with Rs 1,800 cr

The bid by Ahmedabad-based Torrent is a close second with a difference of just Rs 7 crore, said a banking source

Amazon, Samara Capital to shed 20% stake in More Retail before IPO

The Amazon-Samara combine has approached family offices and domestic capital investors for the deal, sources said

Singapore's Vantage Point is highest bidder for bankrupt SKS Power

Reliance Industries, Adani Group, NTPC avoid aggressive offers for Chhattisgarh power company

Sensex extends rally to eighth day, ends 242 pts up; Auto, IT stocks shine

Stock market live: Market action will be guided by global cues following the takeover of the fallen US lender First Republic Bank on Monday by JP Morgan Chase

Mcap of 9 of top 10 most valued firms jumps Rs 1.84trn; Reliance, SBI shine

Nine of the top-10 most valued firms together added Rs 1,84,225.43 crore in market valuation last week, with Reliance Industries Limited and State Bank of India emerging as the biggest gainers, in an overall bullish equity market trend. Last week, the BSE benchmark jumped 1,457.38 points or 2.44 per cent. Hindustan Unilever Limited was the only laggard from the top-10 pack. The market valuation of Reliance Industries zoomed Rs 48,238.78 crore to Rs 16,37,408.27 crore. State Bank of India's market capitalisation (mcap) jumped Rs 31,325.39 crore to Rs 5,15,887.19 crore. The mcap of ICICI Bank rallied Rs 23,472.25 crore to Rs 6,40,949.71 crore and that of ITC climbed Rs 21,003.35 crore to Rs 5,28,377.17 crore. The valuation of Tata Consultancy Services (TCS) advanced Rs 19,886.94 crore to Rs 11,76,750.92 crore and that of Bharti Airtel gained Rs 18,874.22 crore to Rs 4,45,509.68 crore. Infosys added Rs 10,447.1 crore taking its market valuation to Rs 5,19,662.10 crore. HDFC Bank's

InGovern recommends shareholders vote 'for' RIL-Jio Financial spinoff

One big benefit will be unlocking of treasury shares of RIL, says proxy advisory firm

Coming Soon on JioCinema app: Hollywood content from Warner Bros, HBO

"It's a deep exclusive arrangement which will make JioCinema the house of Warner, HBO in India," said the report

NSE Indices tweaks methodology before RIL-Jio Financial demerger

Move to prevent Reliance's exclusion from Nifty50 index

Expansion manageable: S&P upgrades RIL to 'BBB+' over greater clarity

Reliance Industries Ltd's (RIL) strategy to diversify and dominate a number of industries will boost spending and will also help mitigate its elevated capex needs, rating agencies said on Wednesday. While S&P Global Ratings said it believes that "the company's appetite for bigger investments or M&As will dissipate", Fitch Group company CreditSights said its "credit metrics to worsen moderately in FY24 (April 2023 to March 2024 fiscal) versus FY23 as elevated capex (telecom, retail and renewable energy) outweighs resilient EBITDA growth." S&P said RIL's adjusted debt will likely remain at Rs 2.6 lakh crore to Rs 2.7 lakh crore over the next two years. "This is due to a number of planned investments under its pipeline, including 5G services, oil refining and petrochemicals, renewables, and retail expansion." "In our view, the company remains committed to maintaining leverage commensurate with the rating (BBB+/Stable/--)," it said. "Management has publicly reiterated its ...

Why RIL investors are still unconvinced of Mukesh Ambani's hydrogen foray

Mukesh Ambani's new-energy ambition is even more complex than his telecom foray, which triggered a long period of debt-fueled expansion

Financials power Indian shares after quarterly results Reliance, ICICI Bank

Private lender ICICI Bank posted a 30% surge in the March-quarter profit, helped by improved net interest income and loan growth

Banks, Wipro lift indices in fag-end; Sensex up 401 pts, Nifty tops 17,700

CLOSING BELL: The gains in benchmark indices were led by HDFC Life (up 6.4 per cent), Wipro, ICICI Bank, Titan, Axis Bank, SBI, Hero MotoCorp, Grasim, and Adani Ports

RIL, ICICI Bank: Trading outlook for buzzing stocks of the day

Except for Hindustan Zinc, which hit a new historic peak in the Q4, others have remained laggards.

Reliance Industries gains 1% post March quarter results

The company reported its highest-ever net profit during the quarter, due to a decline in raw material costs and big savings on tax expenses

Stocks to watch: RIL, ICICI Bank, YES Bank, Hindustan Zinc, Sun Pharma

Stocks to watch today: From Reliance Industries to ICICI Bank, here are top stocks to watch in Monday's trading session

Energy business powers RIL: Q4 beats Street, outlook positive for stock

Improved performance in consumer biz, its proposed listing remain key triggers

Top headlines: Amritpal arrested, Reliance withdraws RNEL merger proposal

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Top Headlines: RIL logs highest ever profit, Pichai's pay soars and more

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