Reliance Industries

Stock market live on May 4, 2023: Broader markets, too, were upbeat in trade as Nifty Midcap 100 and Nifty Smallcap 100 indices surged up to 0.8 per cent

Stocks to Watch: Shares of city gas distributors are likely to be in focus today as they react to government's nod for new pricing regime.

Move aims at competition with Amul, Mother Dairy

Godrej Consumer Products Ltd is unfazed by the prospect of competition from Reliance's entry into the FMCG sector, having seen multiple disruptions, including the high-profile entry of Baba Ramdev's Patanjali, according to a top company official. The company is betting on its brand equity, wide range of portfolios and innovations to ward off competition, Godrej Consumer Products Ltd (GCPL) CFO Sameer Shah told PTI. "We have seen multiple disruptions in the FMCG sector. In 2005-06 every one said that modern retail would take the sector by storm with private labels and FMCG players would find it very difficult to compete. After 17-18 years nothing has changed with modern retail play, he said. Shah was responding to a query on how the entry of Reliance in the FMCG segment would change the competitive landscape of the sector. "It's too early to call on, he said adding, We have seen Patanjali a few years back. Five to six years back the expectation was they would take on every FMCG play

When a stock reaches a new definitive peak, the trend is observed to rally in the same direction in the following sessions. This could become the case for Oil & Natural Gas Corporation and Oil India.

Delhi Metro has asked the Centre and the city government for "further directions" on a Delhi High Court order that directed the two to help it pay dues of an arbitral award passed in favour of Delhi Airport Metro Express Private Limited, sources on Tuesday said. The DMRC sought directions in a letter dated March 28 addressed to the secretary, Union Ministry of Urban and Housing Affairs, and chief secretary, Delhi government, in separate copies, they said. DMRC officials, when contacted, did not comment on the issue. The Delhi High Court had on March 17 directed the Centre and the city government to attend to DMRC's request for extension of sovereign guarantees or subordinate debt to enable it to make payment of dues of an arbitral award passed in favour of DAMEPL, saying the governments cannot shirk from their liability to abide by judgements and decrees. The high court's verdict had come on an execution petition filed by Reliance Infrastructure-owned DAMEPL against the Delhi Metro

Barely days after signing a USD 3 billion financing in India's most widely syndicated loan, Reliance Industries Ltd and its unit Reliance Jio Infocomm have raised USD 2 billion add-on foreign currency facility at most competitive rates, sources said. The USD 3 billion financing closed on March 31 and the add on USD 2 billion thereafter. The fund raising is the largest through syndicated term loans by an Indian corporate house in at least five years, the banking sources involved in the deal said. The primary syndication of USD 3 billion involved around 55 lenders, including nearly two dozen Taiwanese banks as well as global giants such as Bank of America, HSBC, MUFG, Citi, SMBC, Mizuho, and Credit Agricole. The new loan of USD 2 billion has the same terms as the borrowing signed on March 31 with 55 lenders, including 40 that joined in two phases of syndication. The sources said the blowout response was not surprising considering the momentum the USD 3 billion borrowing had already .

Listing and value unlocking to be the key event for RIL's stock price, says Nomura

Over half of the Nifty 500 stocks are trading below 200-DMA, this points to a weak strength. Market breadth needs to improve if further highs are to be set

Nine of the top 10 valued firms together added Rs 2,34,097.42 crore in market valuation amid a positive trend in equities last week, with Reliance Industries emerging as the biggest gainer. The 30-share BSE benchmark jumped 1,464.42 points or 2.54 per cent in a holiday-shortened last week. Equity markets were closed on Thursday on account of 'Ram Navami'. The market valuation of Reliance Industries zoomed Rs 86,317.26 crore to Rs 15,77,092.66 crore, the most among the top-10 firms. Tata Consultancy Services (TCS) added Rs 30,864.1 crore, taking its valuation to Rs 11,73,018.69 crore. HDFC Bank's market valuation rallied Rs 26,782.76 crore to Rs 8,98,199.09 crore and that of Infosys surged Rs 19,601.95 crore to Rs 5,92,289.92 crore. The market capitalisation (mcap) of Hindustan Unilever climbed Rs 18,385.55 crore to Rs 6,01,201.66 crore and that of ICICI Bank advanced Rs 17,644.35 crore to Rs 6,12,532.60 crore. State Bank of India's mcap went up by Rs 16,153.55 crore to Rs 4,67,38

The move is expected to create a big player in segments including the NBFC (non-banking financial company) space with net worth of Rs 25,851 crore as of March 2022.

Analysts, however, remain cautious over sustenance of this recent rebound as markets will face a slew of data driven activity in the coming days

Shares of Reliance Industries jumped over 4 per cent on Friday, helping the equity benchmark indices finish the day with smart gains. A rally in the equity also added Rs 64,723.85 crore to the company's market valuation. The stock rallied 4.29 per cent to finish at Rs 2,331.05 on the BSE. During the day, it jumped 4.82 per cent to Rs 2,343. At the NSE, it climbed 4.31 per cent to end at Rs 2,331.05. In traded volume terms, 6.17 lakh shares of the firm were traded on BSE and over 1.30 crore shares on NSE during the day. The rally in the stock was instrumental in the sharp jump in the equity benchmark indices. The 30-share BSE Sensex zoomed 1,031.43 points or 1.78 per cent to finish at 58,991.52. The broader NSE Nifty jumped 279.05 points or 1.63 per cent to 17,359.75. The market valuation of the country's most valued firm Reliance Industries advanced by Rs 64,723.85 crore to Rs 15,77,092.66 crore amid a rally in the stock.

Capital markets regulator Sebi on Friday extended the compliance requirement to three years for 'large corporates' to raise at least 25 per cent of their incremental borrowings through debt securities to a contiguous block from two years at present. This comes after the board of Sebi approved a proposal in this regard on Wednesday. Currently, the rules mandate large corporates to mobilise a minimum of 25 per cent of their incremental borrowings in a financial year through the issuance of debt securities which has to be met over a contiguous block of two years. In a circular, Sebi "decided that the contiguous block of two years over which large corporates need to meet the mandatory requirement of raising minimum 25 per cent of their incremental borrowings in a financial year through issuance of debt securities will be extended to a contiguous block of three years (from the present requirement of two years) reckoned from FY 2021-22 onwards." In case a large corporate is unable to com

CLOSING BELL: Nestle India, Infosys and ICICI Bank were the other major gainers among the Sensex 30 on Friday, up over 3 per cent each.

Stocks to watch today: From Reliance Industries to Hero MotoCorp, here are stocks to watch in Friday's trading session

Groundwork to create financial behemoth

Stocks to Watch: Index heavyweights Reliance and Bharti Airtel will see some action as the former wages a price war in the broadband connection.

The 39.6 gigawatts of manufacturing capacity is expected to require investment of 930.4 billion rupees, according to a government statement

As many as 11 companies, including Indosol, Reliance and First Solar, have bagged solar photovoltaic manufacturing projects of a total 39,600 MW capacity under the second tranche of the production-linked incentive scheme of the government. The government has allocated a total capacity of 39,600 MW of domestic Solar PV module manufacturing capacity to 11 companies, with a total outlay of Rs 14,007 crore under the Production Linked Incentive Scheme for High-Efficiency Solar PV Modules (Tranche-II), a power ministry statement said. The ministry said that manufacturing capacity totalling 7,400 MW is expected to become operational by October 2024, 16,800 MW capacity by April 2025 and the balance 15,400 MW capacity by April 2026. The Tranche-II is expected to bring in an investment of Rs 93,041 crore. It will also generate a total of 1,01,487 jobs with 35,010 getting direct employment and 66,477 being indirectly employed. Speaking on the success of the PLI scheme, Union Minister for Pow