Page 13 - Ril

RIL picks up 40% in SP group's Sterling and Wilson Solar for Rs 1,100 cr

As part of deleveraging its stretched balance-sheet, the Shapoorji Pallonji Group is divesting its second key asset within a month by selling 40 per cent stake in Sterling & Wilson Solar, the solar EPC joint venture it runs with the Khurshed Yazdi Daruvala family, to Reliance Industries for Rs 1,100 crore through a multi-stage transaction. While for the SP Group led by Shapoorji Pallonji Mistry, this is the second asset sale within a month after the Rs 4,400-crore deal for Eureka Forbes it had inked with the American private equity Advent International, for Reliance this is the second solar acquisition in the very same day. Earlier in the day, RIL announced buying out the Norwegian solar panel maker REC Solar Holdings for USD 771-million from China National Bluestar Group Company. Reliance is carrying out the deal through its fully-owned subsidiary Reliance New Energy Solar, which "will acquire 40 per cent in Sterling & Wilson Solar through a combination of primary investment,

Stocks to watch: RIL, ZEEL, Sobha, Lupin, Nazar Tech, Titan, Inox Wind

Tata group firm Titan on Wednesday said it has witnessed a strong recovery in demand in the July-September quarter

SBI and other PSUs gain amid rejig of Nifty indices, HDFC Bank dips

RIL's weightage was reduced slightly, while HDFC Life's edged up in the benchmark Nifty index

RIL backs Saudi Aramco chairman appointment as independent director

Reiterates that his induction has no connection with Saudi Aramco's plans to buy a stake in RIL's oil-to-chemical business

Stocks to watch: HDFC Bank, RIL, RBL Bank, Adani Enterprises, Raymond

Realty firm Omaxe Ltd on Monday announced the appointment of Sunil Goel, brother of its chairman and MD Rohtas Goel, as additional director (executive), signalling a truce between the warring brothers

Five stocks drive Sensex from 50,000 to 60,000: Check details here

RIL and Infosys have accounted for third of gains

HDFC Bank, RIL may see minor churn as Sensex rebalances on Friday

According to IIFL Alternative Research, HDFC Bank could see buying worth $57 million, while RIL could see selling to the tune of $11 million

RIL, IT stocks drive Sensex to fresh closing high, up 167 pts; VIX jumps 4%

The domestic benchmark indices extended their gains to the third day in a row on Monday

RIL stock can hit Rs 5,000 levels in the next one year, tech charts suggest

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

Stocks to watch: RIL, ICICI Lombard, PNB, DRL, Barbeque Nation, NTPC, HFCL

JSPL expects to conclude the deal to sell its 96.42 per cent stake in its arm Jindal Power for Rs 7,401 crore to a promoters-owned firm Worldone by this year end

Mukesh Ambani enters $100-bn club; analysts see further rise in RIL's m-cap

Ambani not only gained from a rally in RIL share price, but also from a steady rise in his family stake in the company

RIL arm buys majority stake in Strand Life Sciences for Rs 393 crore

RIL is expected to further invest up to Rs 160 crore in the genomic testing firm by March, 2023

Sensex ends above 58K for the first time; Nifty climbs 17,300; RIL zooms 4%

The BSE MidCap index closed 0.35 per cent higher after hitting a new peak of 24,454 in the intra-day deals

Sensex, Nifty hit fresh highs; TCS, HUL and RIL top contributors

Both indices added nearly 9 per cent each in August, their best monthly showing since November

These 5 Sensex stocks hit new highs; TCS, HUL soar 20% in one month

Eleven Sensex stocks, including RIL, Bharti Airtel, Titan Company, Bajaj Finance, Bajaj Finserv, HDFC Bank, HCL Technologies and Nestle India have gained more than 10 per cent in the last one month

Stocks to watch: Airtel, RIL, M&M, Nazara Tech, IDBI Bank, Burger King

Amit Banerjee took over as Chairman and Managing Director of BEML on Friday

Govt looks to sell shares of Reliance Industries held through SUUTI

The plan is to sell about 8 lakh shares of RIL that will help the government garner around Rs 180 crore

TCS market cap crosses Rs 13.5 trillion; stock up 15% in a month

In the past month, TCS has outperformed the market by surging 15 per cent, as compared to a 6 per cent rise in the S&P BSE Sensex

TCS market capitalisation crosses Rs 13 trillion as stock hits new high

Thus far in the month of August, TCS has rallied 11 per cent compared with a 6 per cent rise in the S&P BSE Sensex

RIL forays into energy-storage business through stake buy in US company

Based on patented tech, designed to last between 4-24 hrs, Ambri's long- duration energy storage systems will break through the cost, longevity & safety barriers associated with lithium-ion batteries