Tribunal upholds Sebi's Rs 30 lakh penalty on RIL for not disclosing the Jio-Facebook investment deal after media reports triggered stock movement in March 2020
Given the recovery in retail, the recent recovery in petchem margins, and the scale-up in the new energy business, most brokerages have a buy rating on RIL
Company officials said the new energy projects are making strong progress and engineering for the entire value chain, including polysilicon, cell modules, glass, and POE, has been completed
Reliance Industries shares were trading at ₹1,300.10, down 0.12 per cent from the previous session's closing price of ₹1,301.60
The combined market valuation of nine of the top-10 most valued firms eroded by Rs 2,94,170.16 crore in the holiday-shortened last week, with Tata Consultancy Services taking the biggest hit amid a bearish trend in domestic equities. Last week, the BSE benchmark gauge Sensex tanked 2,050.23 points or 2.64 per cent, while the NSE Nifty declined 614.8 points or 2.61 per cent. From the top-10 pack, Tata Consultancy Services (TCS), Reliance Industries, Infosys, Bajaj Finance, ICICI Bank, HDFC Bank, Hindustan Unilever Ltd, State Bank of India and ITC faced erosion from their market valuation. Bharti Airtel emerged as the only gainer. The market valuation of TCS tumbled by Rs 1,10,351.67 crore to Rs 11,93,769.89 crore. The valuation of index bellwether Reliance Industries tanked by Rs 95,132.58 crore to Rs 16,30,244.96 crore and that of Infosys plunged by Rs 49,050.04 crore to Rs 6,03,178.45 crore. Bajaj Finance's market capitalisation (mcap) declined by Rs 14,127.07 crore to Rs 5,40,58
The weakness in the oil prices came after US President Donald Trump imposed 'reciprocal' tariffs' on trading partners. He also announced a 10 per cent tariff on all countries
Also receives liquidated damages levy notice over battery PLI milestone delay
A large portion of the dip is attributed to the over 10 per cent correction in ITC (Rs 11,863 crore), Larsen & Toubro (Rs 6,713 crore) and State Bank of India (Rs 5,647 crore) shares, thus far in CY25
NSE, Bharti Airtel storm into top 10 for the first time in Axis Bank's Burgundy Private and Hurun India list; Motilal Oswal Financial Services was the fastest-growing company, the report suggests.
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RIL, L&T, and JSW likely to either commercialise their clean energy businesses or commission new ones in the near term
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Transaction estimated at $13 bn per year
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