Proxy advisory firm questions Saudi Aramco's chairman Yasir Al-Rumayyan's 'independence' on RIL board
The California State Teachers' Retirement Fund has decided to vote against the appointment of Saudi Aramco's chairman as an independent director to the board of RIL, BloombergQuint reported
RIL, meanwhile, said that there are no negotiations which are taking place for Reliance to takeover JBF Industries or its assets
"Make in India" 5G telecom networks take a giant leap with the help of Airtel-Tata combine and Jio. Adani will invest $20 bn in green energy over 10 years. More in top headlines of the day
Sebi decided not to impose any penalty for the alleged violations
The target now pits the port-to-power behemoth against global giants
The Cabinet has announced several reforms for the telecom sector, including redefining adjusted gross revenue (AGR)
However, healthy buying in the broader market kept overall market breadth in the favour of the buyers
JioPhone Next, developed in partnership with Google, is now likely to be launched around the Diwali festive season
Dilip Buildcon's subsidiary Bangalore Malur Highways has received the financial closure from the National Highways Authority of India.
The 4G-enabled smartphone, to be priced below Rs 5,000, is crucial to Jio's strategy as it aims to win over 300 million 2G customers
Indian conglomerate Reliance Industries delayed the launch of a low-cost smartphone it is developing with Google to November, citing an industry-wide semiconductor shortage.
In terms of government support for green hydrogen, a cabinet note proposing to make it mandatory for fertiliser plants and oil refineries is in the works
The blue-chip NSE Nifty 50 index was up 0.30% at 17,375.50 by 0509 GMT and the benchmark S&P BSE Sensex climbed 0.32% to 58,318.56
Shares of Reliance Industries Ltd continued to move higher on Monday and gained nearly 4 after the company said its subsidiary has acquired majority stake in genomic testing firm Strand Life Sciences
If the "stock price structure" and market participants continue to dominate like the ways it is currently indicating, the shares of Reliance Industries may double in the next one year easily
The company is likely to launch JioPhone Next smartphone this week, and has also acquired majority stake in Strand Life Sciences.
Its stock price up 17.3%, outperforming the index that is up 10.5%
Broking firms are advising their retail clients to buy shares of Just Dial to gain from the arbitrage opportunity created by the open offer launched by the arm of Reliance Industries
Ambani not only gained from a rally in RIL share price, but also from a steady rise in his family stake in the company