Page 59 - Reliance Industries

Analysts see pressure on RIL, OMC's profitability amid firm oil prices

Their expectation is based on the recent action in October by the OPEC of cutting production by 2 million barrels per day. This suggests that the OPEC is looking to defend price, they said

Equity MFs book gains in October winners amid Rs 6,300 cr net purchases

Coal India, HCL Tech and L&T were among the most-sold stocks by domestic funds in October even as they rallied between 10% and 16%

Supreme Court dismisses SEBI's review petition against Reliance Industries

Sebi has refused to entertain RIL's request to share the privileged documents on the grounds that under the SEBI (Settlement Proceedings) Regulations, Reliance has no right to seek information from it

Stocks to Watch: Hinduja Group, RIL, SBI, LIC, M&M, Hindalco, KRBL, NDTV

Stocks to Watch Today: Shares of Apollo Tyres, Bharat Forge, Grasim, Indiabulls Housing Finance, IRCTC , MMTC, MTNL, SpiceJet and Strides Pharma are likely to see some action owing to Q2 results.

Mukesh Ambani enters race to buy football club Liverpool, says report

The club has been put up for sale by its current owner FSG, which bought it in October 2010, The Mirror newspaper said

RIL's logistics foray rides on growing retail print, govt supply-chain push

MMLP near Chennai to be key distribution hub for company in south; firm may bid for more MMLPs across country, say sources

Reliance, Nayara to gain from European energy crisis, says Report

The ongoing energy crisis in Europe is expected to benefit Reliance Industries and Nayara Energy as these are among the Asian refiners that produce winter-specification diesel for the European Union, according to a report. State-owned oil companies are not into exports and that gives an advantage to Reliance -- the largest importer of Russian crude and also the largest exporter of diesel from the country -- and Russia's Rosneft-owned Nayara. The energy crisis will only get further aggravated going forward as from next month Opec's 2-million barrel per day production cut comes into force, and from February 5 the ban on Russian imports of refined products comes into force, say oil analysts at LSG group's market data provider Refinitiv. According to them, since the war began in Ukraine, Reliance and Nayara have imported almost 10 times more Russian crude from the pre-invasion levels, at 2.82 million tonnes per month during March-September. Already, Indian exports to Europe have been .

RIL awarded project to make India's first multimodal logistics park

RIL emerged as the winning bidder for the public-private-partnership (PPP) project, with its own investment pegged at Rs 783 crore

Future Retail saga explained: From rise & fall to Amazon-RIL court battle

As 15 entities including Reliance file their expressions of interest for Future Retail, here's all you need to know about the company and Amazon's legal battle against its deal with Reliance

RIL to develop multi-modal logistics park in Tamil Nadu, says govt

Reliance Industries Ltd (RIL) has been awarded the work to develop the first multi-modal logistics park (MMLP) at Mappedu in Thiruvallur district of Tamil Nadu, the government said on Friday. MMLP Chennai at Mappedu is being developed in an area of 184.27 acres. "MoRTH has made significant progress under this National Master Plan and embarking on the same, MMLP Chennai at Mappedu being developed in 184.27 acres is 1st MMLP awarded to Reliance Industries Ltd for which prime minister laid the foundation stone," the Ministry of Road Transport & Highways (MoRTH) said in a statement. Under the 'PM GatiShakti National Master Plan (NMP)', the road transport ministry is developing 35 multi-modal logistics parks, out of which 15 MMLPs are prioritised in the next three years. According to the statement, MMLPs by the road ministry also lay the groundwork for developing such large-scale infrastructure projects in public-private partnership mode, for which both the Centre and the state have ...

SC issues notice to SEBI on RIL plea on non-compliance of court order

The company had sought three documents from SEBI that it had claimed would exonerate it and its promoters from criminal prosecution initiated in a case

Adani, Reliance among 15 bidders in race to buy Future Retail's assets

Capri Global Holdings, OP Jindal group's Nalwa Steel and Power, Shalimar Corporation among companies expressing interest

Two Indian companies to pick up over 26% but less than 51% stake in ISMC

Next Orbit director refuses to divulge names though talks were reportedly on with HCL, Reliance Industries

Reliance unit to build world class Greenfield Smart City near Gurugram

One of the four Japanese companies that are to be situated in a smart city being developed by an arm of Reliance Industries Ltd near Gurugram, has done ground-breaking for a medical devices unit. "Model Economic Township Limited (MET City), a wholly owned subsidiary of Reliance Industries Limited (RIL) is developing a world class Greenfield Smart City near Gurugram, Haryana," billionaire Mukesh Ambani's firm said in a statement. MET City is a Japan Industrial Township (JIT) and houses four leading Japanese companies in its integrated industrial township. "Nihon Kohden, one of the 4 Japanese companies and manufacturer of medical devices, recently did a ground-breaking ceremony on their plot at MET City," it said. "This facility of Nihon Kohden will be their largest manufacturing facility in India, and it will further enhance the position of MET City as a leading location for setting up companies in Haryana and North India." Panasonic, Denso and T-Suzuki are other Japanese companies

Reliance may retain Metro India's top management post-acquisition: Report

The acquisition includes 31 wholesale distribution centres, land and other assets owned by Metro

Supreme Court issues notice to Sebi on Reliance's plea for documents

On August 5, the court directed the regulator to provide the necessary documents to Reliance

Jio Payments likely to become subsidiary of Jio Financial Services

Sources in the know say that this 70 per cent stake held by RIL will be transferred to JFS. SBI will continue to own the rest of the 30 per cent in RPB

Reliance Industries India's best employer, in top 20 worldwide: Forbes

Reliance Industries, the country's largest company by revenues, profits and market value, is India's best employer and the world's 20th best firm to work with, according to Forbes' World's Best Employers rankings 2022. The global ranking was topped by South Korean giant Samsung Electronics, followed by US giants Microsoft, IBM, Alphabet and Apple. US companies occupy rankings from 2nd to 12th , followed by German automaker BMW Group at 13th. The world's largest online retailer Amazon is ranked 14th in the list and French giant Decathlon is at 15th rank. Oil-to-telecom-to-retail conglomerate Reliance, with 2,30,000 employees, is ranked 20th - the highest ranked Indian firm. It is ranked above Mercedes-Benz of Germany, US beverage maker Coca-Cola, Japanese auto giants Honda and Yamaha, and Saudi Aramco. There is no Indian company other than Reliance in the top 100. HDFC Bank is ranked 137th. Bajaj (173rd), Aditya Birla Group (240th), Hero Motocorp (333rd), Larsen & Toubro (354th), .

Reliance set to acquire METRO Cash & Carry India in 500 million euros deal

Reliance Industries is set to acquire German retailer METRO AG's Cash & Carry business in India in a deal estimated at around 500 million euros (Rs 4,060 crore), industry sources said. The deal includes 31 wholesale distribution centres, land banks and other assets owned by METRO Cash & Carry here, they said. This is going to help Reliance Retail, the country's largest retailer, expand its presence in the B2B segment. Discussion between billionaire Mukesh Ambani-led Reliance Industries and METRO was going on for the past few months and last week the German parent firm agreed to the offer from Reliance Retail, they added. When contacted, both METRO and Reliance Industries declined to comment on the development. A Reliance spokesperson said, "Our company evaluates various opportunities on an ongoing basis." METRO AG's spokesperson said, "We do no comment on market rumour or speculations." METRO Cash & Carry's customers include retailers and kirana stores, hotels, restaurants

Mcap of 7 of top-10 most valued firms rises Rs 1.33 trn; Reliance leads

Seven of the top-10 most valued firms together added Rs 1,33,707.42 crore in market valuation last week amid an overall positive trend in equities, with Reliance Industries emerging as the biggest winner. Last week, the BSE benchmark jumped 990.51 points or 1.65 per cent. Reliance Industries, Tata Consultancy Services (TCS), HDFC Bank, Infosys, State Bank of India, HDFC and ITC were among the gainers, while ICICI Bank, Hindustan Unilever Limited and Bharti Airtel faced erosion from their market valuation. The market capitalisation (mcap) of Reliance Industries jumped Rs 44,956.5 crore to Rs 17,53,888.92 crore. HDFC Bank added Rs 22,139.15 crore taking its valuation to Rs 8,34,517.67 crore. The market valuation of State Bank of India rallied Rs 20,526.61 crore to Rs 5,29,898.82 crore and that of TCS climbed Rs 19,521.04 crore to Rs 11,76,860.69 crore. HDFC's mcap advanced Rs 16,156.04 crore to Rs 4,52,396.31 crore and that of ITC spurted by Rs 9,861.07 crore to Rs 4,38,538.73 ...