Reliance Industries Ltd.

Chandigarh man unearths 37-year-old Reliance shares worth Rs 12 lakh, ignites social media frenzy

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Chandigarh man unearths 37-year-old Reliance shares worth Rs 12 lakh, ignites social media frenzy

A Chandigarh resident has stumbled upon a forgotten financial windfall, discovering decades-old Reliance Industries Ltd (RIL) shares originally purchased in 1988, now valued at approximately Rs 12 lakh. The revelation has triggered a wave of social media reactions, ranging from financial advice to lighthearted banter. Rattan Dillon, a car enthusiast from Chandigarh, found physical share … Read more

RIL investors suffer Rs 1.27 lakh crore loss as stock ends 7.5% lower

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RIL investors suffer Rs 1.27 lakh crore loss as stock ends 7.5% lower

About Rs 1.27 lakh crore was wiped off of Reliance Industries Ltd‘s (RIL) investors as shares of the company ended 7.5% lower on BSE today as poll counting estimates showed that Prime Minister Narendra Modi-led NDA alliance was not likely to score as much as exit polls had predicted in the 2024 Lok Sabha elections. … Read more

RIL Q3 Scorecard: 7 key takeaways for D-St from conglomerate’s December quarter numbers

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RIL Q3 Scorecard: 7 key takeaways for D-St from conglomerate’s December quarter numbers

Diversified conglomerate Reliance Industries Ltd reported better-than-expected profit for the quarter ended December, aided by a better show by the digital and retail businesses, which offset the weakness in the mainstay oil-to-chemicals business. The company reported a 9.3% year-on-year (YoY) growth in consolidated net profit to Rs 17,265 crore, beating the estimate of Rs 16,944 … Read more

Next generation of Ambanis set to enter RIL boardroom

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Next generation of Ambanis set to enter RIL boardroom

Reliance Industries Ltd (RIL) chairman Mukesh Ambani said his three children – daughter Isha and sons Akash and Anant – will be inducted on the board as non-executive directors. He will continue as chairman and managing director for another five years, he announced at the RIL annual general meeting (AGM) on Monday. Additionally, wife Nita … Read more

View: Oops, wrong Hyundai. India’s industrial policy misfires — again

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View: Oops, wrong Hyundai. India’s industrial policy misfires — again

In March, India announced a list of battery makers that would receive a coveted state subsidy. Locally manufactured cells for electric vehicles would trigger almost $6 billion in investments, build a supply chain at home, cut $30 billion in energy imports and be a “major boost” to Prime Minister Narendra Modi’s Make in India project, … Read more

NCLT approves demerger of financial services unit of Reliance

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NCLT approves demerger of financial services unit of Reliance

Reliance Industries Ltd on Thursday said the National Company Law Tribunal has given its nod to the demerger of the company’s financial services undertaking and its listing. Reliance had previously announced plans to demerge its financial services undertaking into Reliance Strategic Investments Limited (RSIL) and rename and list it as Jio Financial Services Limited (JFSL). … Read more

Mukesh Ambani’s Reliance has stock analysts most bullish in 7 years

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Mukesh Ambani’s Reliance has stock analysts most bullish in 7 years

Analysts are at their most bullish on billionaire Mukesh Ambani’s Reliance Industries Ltd. since January 2016 amid a dip in the share price of India’s largest company. The stock is down 3% so far in 2023 compared with a gain of 1.5% in the S&P BSE Sensex Index, hurt in part by a decline in … Read more

Q4 earnings, US GDP data & FII flows among 6 key drivers for Dalal Street this week

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Q4 earnings, US GDP data & FII flows among 6 key drivers for Dalal Street this week

Amid weak global cues and cautious March quarters earnings, Indian equity indices remained in the red last week. However, on Friday, Reliance Industries and ICICI Bank results matched the expectation of the analysts. The BSE Sensex index ended 847 points or 1.40% lower at 59,538, while Nifty50 fell 204 points or 1.14% at 18,828 last … Read more

On target: Auction of 6-7 multi-modal logistics parks

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On target: Auction of 6-7 multi-modal logistics parks

India is planning to bid out 6-7 multi-modal logistics parks or MMLPs in the next financial year (2023-24), eyeing a significant upgrade of its logistics infrastructure. Another 14-15 critical infrastructure gap connectivity projects for road-based port connectivity are slated for development in the coming year. According to senior road, transport and highways ministry officials, 6-7 … Read more

Reliance leads as m-cap of 5 out of top 10 most valued firms jump Rs 95,337 cr last week

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Reliance leads as m-cap of 5 out of top 10 most valued firms jump Rs 95,337 cr last week

New Delhi: Five of the top 10 valued firms together added Rs 95,337.95 crore in their market valuation last week, with index major Reliance Industries Ltd contributing the most. Last week, the BSE benchmark climbed 319.87 points or 0.52 per cent. While Reliance Industries, ICICI Bank, HDFC, ITC and Bharti Airtel were the gainers from … Read more