RIL was the lone bidder for the company with a Rs 825-crore offer as against the dues of Rs 2,100 crore of banks
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Steepest cuts from Citi and Morgan Stanley; stock sheds 3.33% to end at Rs 2,420
RIL did point to these recessionary fears at its investor call, saying it remained a challenge for oil companies
The oil-to-telecom conglomerate's gross sales for the quarter came in at Rs 2.43 trillion, up 53 per cent over the year-ago period
The standalone gross revenue of the company has grown from Rs -- crore in Q1FY22 to Rs -- in Q1FY23
The govt slashed the windfall tax on domestically-produced crude oil three weeks after imposing it. What may have prompted the govt to do this turnabout, and who all will benefit from it?
Petrol and diesel prices are down by $40-50 per barrel from month-ago levels
After UAE-based International League T20, Indian firms acquiring franchises in Cricket South Asia's new league
On July 1, shares of RIL crashed over 7 per cent, following the government imposing windfall taxes on domestic crude oil production and fuel exports
Export taxes on petrol are likely to see the steepest reduction, while levies on diesel and jet fuel could also be lowered to adjust the impact of price declines
Airtel stock fell over 5%, while RIL closed 1.3% higher after being down for most of the day
Business Standard analysis is based on the numbers of 47 Nifty companies, excluding Bajaj Finserv, HDFC Life, and SBI Life
E-commerce giant writes letter to retail chain's independent directors, seeks independent probe of dealings with RIL
Index heavyweight RIL dropped over 7%, while other oil upstream and exploration-linked stocks slumped up to 15%. But should you buy these stocks on dips? Let us find out
If not for RIL's steep correction, the index could have closed nearly 500 points higher
Succession plan triggered upgrades from brokerages
From rotating chairmanship to handing over firm to professionals, top family businesses have tried different formulae to ensure smooth transition
RIL will continue to look for growth opportunities overseas if good opportunities arise, said company insiders
quasi-administered price regime and the imposition of Universal Service Obligations is complicating their business plans