Both Amazon Chairman Jeff Bezos, the second-richest person in the world, and Ambani, No 9, want to dominate India's large - and still highly informal - retail industry
Morgan Stanley says hydrogen will form 10% of earnings
India should keep the base price for 5G airwaves affordable, says Sunil Mittal. More on that in our top headlines this evening.
CLOSING BELL: Mukesh Ambani-led Reliance Industries (RIL) is set to become India's first company to hit market capitalisation (m-cap) of Rs 19 trillion
According to the BSE data, RIL m-cap stood at Rs 18.84 trillion at 01:16 PM, just a per cent away to claim the Rs 19 trillion feat.
RIL traded 3.5 per cent higher at Rs 2,730 fairly close to its record high of Rs 2,750 touched on October 19, 2021.
Business Standard brings you the top headlines on Wednesday
One-year full-time programmes offered in Artificial Intelligence & Data Science and Digital Media & Marketing Communications
Has already acquired online medicine seller NetMeds in India; Boots deal will help it launch NetMeds overseas, bring offline retail chain to India, say analysts
The Infosys ADR has declined over 9 per cent in the last two trading session in the US market, while our market was shut for trade, post Q4 results.
Protracted litigation, safeguarding bankers' interest also led to the action
Seven of the 10 most valued firms suffered a combined erosion of Rs 1.32 trillion in market valuation last week
Reliance is in the early stages of exploring the feasibility of an offer for the Boots chain
Also, Adani is the biggest wealth-gainer this year with a jump of almost $41.6 billion
The company has already spent $1.5 bn in acquisitions to lay grounds for its new energy forays that include solar, battery and hydrogen
Described as a "super-app" and in the pipeline since at least mid-2020, the website called it "a unified platform that connects several brands across the Tata universe like never before"
The more than doubling of natural gas prices and rise in oil prices will boost the profitability of oil and gas producers like ONGC and Reliance Industries Ltd, Fitch Ratings said on Tuesday
CLOSING BELL: Mixed global cues, rising bond yields globally, and an uptick in oil prices also dented the sentiment
Reliance will be eyed as it has received NCLT's approval for scheme of amalgamation of the company and Reliance Syngas.
Gas accounts for 58 per cent of domestic gas production for ONGC