Page 51 - Reliance Industries

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

Business Standard brings you top headlines at this hour

RIL net profit rises 19% to Rs 19,299 crore in Q4 to highest ever

Lower raw material costs and decline in tax expenses boost earnings

RIL's initiatives in digital connectivity driving efficiencies: Ambani

Ambani said O2C segment posted its highest-ever operating profit despite global uncertainties and disruptions in commodity trade flows

Reliance Retail Q4 profit rises 12.9% to Rs 2,415 cr, revenue up 21%

Its pre-tax profit (Ebitda) during the quarter was also up 32.63 per cent to Rs 4,914 crore

RIL Q4 results: Net profit rises 19% to Rs 19,299 cr, beats estimates

RIL's revenue from operations rose to Rs 2.16 trillion from Rs 2.11 trillion in January-March 2022

Sensex, Nifty end flat after listless day; ITC, TCS up 2%; realty stks dip

CLOSING BELL: The broader indices ended marginally in red, with Midcap index declining 0.4 per cent, and the Smallcap index down 0.3 per cent.

RIL may be a greater threat to D2C FMCG brands, says Kantar report

Reliance, which is now active in a variety of fast-moving consumer goods businesses, might pose a challenge to these smaller online-only firms, the report said

Stocks to Watch: HCLTech, Cyient, Siemens, RIL, Suven Pharma, Voda Idea

Stocks to Watch today: HCLTech reported better-than-expected results for Q4FY23. The company posted a net profit of Rs 3,983 crore for the quarter, down 2.8% QoQ and up 11% YoY

O2C segment may drive RIL's Q4FY23 revenue; retail, telco stable: Analysts

RIL Q4 preview: Analysts expect steady improvement across all segments of Reliance Industries in Q4FY23, with stronger base gross refining margins, and reduced impact of windfall tax

Fixed broadband may trigger next leg of growth for RJio, Airtel: Analysts

Near-term overhang of 5G related capex and subscriber churn should be watched by investors, they said

India reimposes windfall tax on crude oil, levy on diesel exports scrapped

Latest move to reimpose windfall tax on crude oil means that now only domestically produced crude oil will attract a windfall tax of Rs 6,400 per tonne while petrol, diesel and ATF will remain exempt

Reliance Capital resolution process completion deadline extended to July 16

The bidders have asked the Reliance Capital lenders to ensure that the resolution plans are IBC and RFRP compliant

Reliance Industries Limited to announce Q4 results on April 21

Reliance Industries Limited has informed BSE that the meeting of the Board of Directors of the Company is scheduled on April 21

Bull run enters 9th day for benchmarks; IT shares crack; AU SFB soars 17%

CLOSING BELL: IDBI Bank shares, too, surged 10 per cent after a Reuters report said the RBI has begun evaluating at least five potential bidders interested in picking up a majority stake in the lender

RIL to set up $2.4-3 bn InvIT to monetise retail warehousing assets

Reliance Industries Ltd (RIL) has started the process to set up an infrastructure investment trust (InvIT), under which the group can monetise the backend warehousing and logistics assets of its retail business, said industry sources. Reliance Retail, the company which operates the retail business of the billionaire Mukesh Ambani-led Reliance Industries, has already registered a trust with the market regulator Securities and Exchange Board of India (Sebi) in February this year, they added. The trust will store the warehouse assets that the group intends to monetise. According to a media report, the value of the assets that could be transferred to the InvIT is USD 2.4-3 billion (Rs 19,000-25,000 crore). More assets are likely to get added as they become operational, it added. An e-mail sent to Reliance Retail could not elicit any reply. Reliance Retail, which is aggressively expanding its presence across the channels, is investing in backend infrastructure such as warehousing, supp

RIL readies $2.4-3 bn Infra Investment Trust for retail warehousing assets

Reliance Industries Ltd has already begun setting the framework for the potential infrastructure investment trust (InvIT) of its warehouse assets

Lenders of Reliance Capital fix Apr 26 as new date for second auction

As per the earlier schedule, it was to be held on April 11

TCS, Reliance, Adani eye Bengal 'Silicon Valley,' state govt moving swiftly

The government hopes that the 250-acre tech hub, located in New Town, Kolkata, will attract an investment of Rs 1 trillion and create 50,000 direct jobs

Stocks to watch: ONGC, IGL, MGL, RIL, L&T, Titan, Adani Group, Delta Corp

Stocks to Watch: Shares of city gas distributors are likely to be in focus today as they react to government's nod for new pricing regime.

RIL sets sights on frozen food market, takes another bite at dairy

Move aims at competition with Amul, Mother Dairy