Sebi imposes Rs 25 cr penalty on Ambani brothers and others

Mumbai: The Securities and Exchange Board of India(Sebi) has imposed a total penalty of Rs 25 crore on current and former promoters of Reliance Industries Ltd (), including Mukesh Ambani, Anil Ambani, their mother, spouses and children, other family members and entities linked to them for alleged violation of takeover rules. In January 2000, RIL … Read more

Reliance Jio does most of the heavy lifting as retail biz struggles: RIL Q3 takeaways

MUMBAI: Reliance Industries, India’s largest conglomerate, showed signs of recovery in its oil-to-chemical business in the December quarter as the opening up of the economy helped improve demand, but the company’s retail business is still nursing from the impact of the Covid-19 pandemic. The oil-to-telecom giant reported better-than-expected consolidated net profit for the reported quarter … Read more

Stars aligned for India’s Internet cos to create value in next 10 years: BofA Securities

MUMBAI: The COVID-19 pandemic may have propelled India’s Internet sector into a phase of hypergrowth that will result in staggering value creation in the next decade, brokerage house BofA Securities said in a note on Thursday. “We consider the India internet sector to be at an inflection point to witness hyper-growth in the coming years … Read more

No plans to enter contract farming, buy agricultural land: RIL

Reliance Industries has said that it is not in the business of corporate or contract farming and has no plans to enter this business, the Mukesh Ambani-led conglomerate said in a statement on Monday, clarifying its position in the backdrop of the farmers’ protest. RIL said it is filing a petition later in the day … Read more

RIL Q2 takeaways: Petchem, Jio outperform; but GRM disappoints

NEW DELHI: Reliance Industries, the biggest conglomerate in India, beat analysts’ estimates in September quarter earnings, with some segments performing brilliantly, but a close inspection reveals some areas of weakness. Telecom was the outperforming segment and it saw exceptional growth during the quarter led by increased usage of telephony. The media business also improved performance. … Read more

RIL Q2 preview: Profits may dip but Jio and Retail could see sequential improvement

Mumbai: Mukesh Ambani-controlled Reliance Industries may report a drop in its performance from a year ago when it unveils its September quarter earnings on Friday. The company may, however, log a sequential improvement even though full-recovery to pre-Covid levels is yet to happen. Analysts will also wait and watch company’s take on the legal tussle … Read more

PIF, ADIA may invest $1 billion in RIL’s fibre InvIT

Saudi Arabia’s Public Investment Fund (PIF) and Abu Dhabi Investment Authority (ADIA) are likely to invest about $500 million (Rs 3,700 crore) each to acquire a total 51% in the infrastructure investment trust (InvIT) structure formed by Reliance Industries Ltd (RIL) to monetise its fibre optic network assets, said people aware of the matter. Over … Read more

Adani group could go the Reliance way: Gautam Shah

There is a mega bull market playing in midcap IT and we have been recommending some stocks in this space to our subscribers, says the Founder & Chief Strategist at Goldilocks Premium Research. Let us talk about this relentless move. Now we are at 11,600. Do you reckon that we are in for a bout … Read more

Q1 Takeaways: BP deal & lower tax kept RIL cash register ringing

NEW DELHI: Riding on a one-time gain from the divestment of its fuel retailing business and a superlative performance of its telecom venture, Reliance Industries (RIL) managed to get back to reporting net quarterly profit above Rs 10,000 crore. The numbers were on the expected lines, but a sharp drop in revenue from petchem business, … Read more

Expect a Jio like monetisation in Reliance Retail too: Daljeet Singh Kohli

Probably it is time for Reliance to cool off a bit and that will be good for a bigger run in the future. If it cools off, that will be the right opportunity to buy this stock. One should definitely look at it then, says the Valentis Advisors Fund Manager. After an action-packed week, it … Read more