Page 11 - Ril
Investor pushback sees JP Morgan defend Reliance Industries upgrade
On June 16, the firm had set a target price of Rs 3,170 per share, saying RIL was amongst the few large companies in India with a positive earnings revision cycle
 "Investor pushback sees JP Morgan defend Reliance Industries upgrade")
Reliance Industries in focus as benchmark refining margin inches up
Morgan Stanley said RIL's margins would be 50 per cent above its last peak season in mid-2008
 "Reliance Industries in focus as benchmark refining margin inches up")
Sensex slips 215pts amid volatility post repo rate hike; ITC, RIL weigh
The RBI today raised the repo rate to 4.9 per cent, up from 4.4 per cent. The Central Bank also raised consumer price (CPI) or retail inflation forecast for FY23 to 6.7 per cent from 5.7 per cent.
 "Sensex slips 215pts amid volatility post repo rate hike; ITC, RIL weigh")
RIL, Adani in three-horse race to strike a deal with Germany's Metro AG
In talks to buy a partial or full stake in German retailer's India unit
 "RIL, Adani in three-horse race to strike a deal with Germany's Metro AG")
RIL-backed omnichannel platform Fynd to hire over 1,200 engineers this year
From Gujarat, the company will look for skilled developers from python, full stack, NodeJS, angular, java, and DevOps engineers across all levels, it said
 "RIL-backed omnichannel platform Fynd to hire over 1,200 engineers this year")
Reliance to clock $20 bn in EBITDA by 2022-end, says Morgan Stanley
High refining margins, gas prices and telecom ARPUs key contributors; stock falls nearly 4 per cent on Monday
 "Reliance to clock $20 bn in EBITDA by 2022-end, says Morgan Stanley")
Sensex ends 365pts lower, Nifty holds 16,300; RIL cracks 4%, Infy gains 2%
The broader markets ended with deeper losses, with both the BSE Midcap and Smallcap indices down over 1.5 per cent each; the breadth too at 2:1 was in favour of the bears.
 "Sensex ends 365pts lower, Nifty holds 16,300; RIL cracks 4%, Infy gains 2%")
RIL sees gas prices rising in Oct; says revenue grew 3.5 times in FY21-22
It is anticipated that the price of gas from old fields of state-owned ONGC will be hiked to about USD 9 per mmBtu and the cap for difficult fields will rise to double digits
 "RIL sees gas prices rising in Oct; says revenue grew 3.5 times in FY21-22")
RIL Q4 consolidated net profit up 22.5%; FY22 revenue at Rs 7 trillion
Net profit goes past Rs 60,000 crore
 "RIL Q4 consolidated net profit up 22.5%; FY22 revenue at Rs 7 trillion")
RIL Q4 net up 22.5% to Rs 16,203 crore, revenue jumps nearly 37%
Jio reports a 15.4% sequential increase in net profit at Rs 4,173 crore
 "RIL Q4 net up 22.5% to Rs 16,203 crore, revenue jumps nearly 37%")
Lupa-Viacom18 deal: Murdoch's re-entry may see a bigger foray into sports
Last week, Bodhi Tree Systems, an arm of James Murdoch's Lupa Systems, announced that it will be picking up a 40 per cent stake in Viacom18 for Rs 13,500 crore
 "Lupa-Viacom18 deal: Murdoch's re-entry may see a bigger foray into sports")
M-cap of ten valued firms soars Rs 2.61 trn; HDFC Bank, RIL lead gainers
The top 10 valued domestic firms added a whopping Rs 2,61,767.61 crore to their total market valuation last week in tandem with a buoyant trend in equities
 "M-cap of ten valued firms soars Rs 2.61 trn; HDFC Bank, RIL lead gainers")
Amid record high prices, are industrial metals the new oil in India?
Data providers such as Reliance Jio, Airtel and large tech startups such as Flipkart, Paytm have yet to earn big profits, while metal giants are becoming important in an emerging low-carbon world
 "Amid record high prices, are industrial metals the new oil in India?")
Market cap of 7 of 10 most valued companies tumbles over Rs 1.14 trn
Reliance Industries added Rs 79,188.07 crore in valuation and Infosys gained Rs 9,404.12 crore.
 "Market cap of 7 of 10 most valued companies tumbles over Rs 1.14 trn")
Grab some popcorn: Mukesh Ambani vs Gautam Adani rivalry is getting intense
Their balance sheets and visions are different but a confrontation between the billionaires looks almost guaranteed.
 "Grab some popcorn: Mukesh Ambani vs Gautam Adani rivalry is getting intense")
Market cap of 10 most valued companies increases by over Rs 2.72 trn
Reliance Industries' m-cap swelled by Rs 54,904.27 crore to Rs 16,77,447.33 crore last week.
 "Market cap of 10 most valued companies increases by over Rs 2.72 trn")
Reliance, USA's Sanmina announce partnership for electronics manufacturing
Reliance will hold a 50.1 per cent stake in the JV after the investment in Sanmina's existing Indian entity through a Reliance unit.
 "Reliance, USA's Sanmina announce partnership for electronics manufacturing")
India's green energy exports to touch $500 bn in 20 years: Mukesh Ambani
The statement comes at a time when RIL has started aggressive expansion into the green energy sector with solar equipment manufacturing, green hydrogen production and energy storage
 "India's green energy exports to touch $500 bn in 20 years: Mukesh Ambani")
RIL brings $7 bn forex bonds on India INX in largest listing by pvt firm
The listing includes the $4 billion jumbo bonds raised in January, which was termed as the largest ever foreign currency bond issuance in South East Asia
Restructuring of gasification assets to unlock value for Reliance
The restructuring of gasification assets will unlock value, provide flexibility for Reliance Industries Limited (RIL).