Reliance Industries

Reliance Industries becomes first Indian firm to hit Rs 9 lakh cr market cap ahead of Q2 results

The surge in market capitalisation and share prices comes ahead of the company's second-quarter results to be announced later in the day.

Oct 18, 2019

Inflation data, Q2 results may keep equities jittery

The growth has hit the 81-month low.

Oct 13, 2019

Is Jio's new charge on inter-network calls bid to kill two birds with one stone?

With the new 6-paise charge on inter-network calls Reliance Jio may be eyeing increased profitability and higher market valuation.

Oct 11, 2019

Reliance to resume Venezuela oil loadings, says actions compliant to US sanctions

A spokesperson for Reliance said on Wednesday it has been supplying Venezuela with fuels, including diesel, permitted under US sanctions in exchange for the refined products.

Oct 10, 2019

Mukesh Ambani helped his younger brother Anil Ambani to pay off debt owed to Sweden's Ericsson

Anil Ambani takes a leaf from Mukesh Ambani's playbook of leaner businesses

Reliance Infrastructure focuses on reducing its Rs 6,000-crore debt even as group firms' order books swell on government contracts.

Oct 1, 2019

Saudi plans major investment in India's refining, petrochemical sector

The Kingdom's state-owned Saudi Aramco is a joint venture partner of the $44 billion-Ratnagiri Refinery and Petrochemicals Ltd, which is reportedly decided to establish its refining and petrochemical facilities in Raigad district of Maharashtra.

Sep 30, 2019

Amazon plans to buy 26% stake in Mukesh Ambani-led Reliance Retail

Amazon and Flipkart have seen a steady increase in their revenue even after drastic changes in the FDI policy.

Aug 1, 2019

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How will Anil Ambani raise Rs 14,000 crore needed to save Reliance Capital?

Reliance Capital's cash reserves have dwindled and the firm hit by exposure to other floundering entities of the group is trying to raise funds from asset sales.

May 4, 2019

Worrying fall in Reliance return on assets despite better-than-expected numbers

Rising capital spend, dipping refining margin and slowing telecom business revenue afflict RIL balance sheet as FY19 return on assets plummets

May 2, 2019

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Week of F&O expiry, Lok Sabha elections expected to keep the markets choppy

Positive sentiment expected to carry forward from last week with earnings season underway and near-normal monsoon prediction.

Apr 21, 2019

RIL asks its 40,000 employees asked to switch from Airtel, Vodafone to Jio

Mukesh Ambani to foray into aviation sector? May buy stake in Jet, bailout Maharaja

The central government had issued preliminary information memorandum kicking off the Air India's disinvestment process.

Apr 20, 2019

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Reliance to sell 25% in refining business to Aramco to pare Rs 3 lakh crore debt?

Reliance's mainstay refining and petrochemicals operations could be valued at $55-$60 billion in the gargantuan deal, fetching the Indian conglomerate around $10-$15 billion for the minority stake.

Apr 17, 2019

Reliance Jio's fibre unit readies Rs 27,000 crore war chest to fund expansion

The funds will be used by the company to expand its data network and attract users from other companies and businesses.

Apr 15, 2019

Market consolidation to continue amid election uncertainty in a truncated week

IT, banking and oil stocks in focus as earnings season unfolds while election and economy numbers expected to roil shortened week.

Apr 14, 2019

After Mukesh Ambani, another Indian billionaire bails out younger sibling

The Mittal brothers had split their businesses in 1994. However, eldest brother Lakshmi Niwas chipped in with 16 billion rupees to help Pramod clear massive dues to STC.

Mar 26, 2019

Mukesh and Anil Ambani: A storied billionaire sibling rivalry is finally ending?

In one of the quirks of destiny, while the wealth of Mukesh grew exponentially, Anil saw his riches dwindling over the years.

Mar 19, 2019

Anil Ambani invokes 'family values' after elder brother Mukesh saves him from jail

On Monday, RCom paid the Swedish company Rs 4.6 billion, which also received an additional Rs 30 million from the Supreme Court's registry that the Anil Ambani-led firm had deposited as penalty interest.

Mar 19, 2019

Banking stocks continue rally; HDFC Bank hits 52-week high

Yes Bank leads the banking bulls after global investment firm Deutsche Bank revised its price target for the stock upwards to 300 from 280 earlier; RIL hits a 52-week high.

Mar 14, 2019

Mukesh Ambani at 13th on global rich list, will the Reliance Industries chairman have world's richest title?

A 100% rally in Reliance's stock and a substantial decline in Amazon founder Jeff Bezos wealth, following divorce with wife MacKenzie, could make Ambani the richest person in the world.

Mar 6, 2019