Page 10 - Reliance Industries

Board of Reliance Industries Ltd to restructure group EPC resources

The Board of RIL approved a scheme of arrangement under which the EPC and Infrastructure Undertaking of RPPMSL, a wholly owned subsidiary of RIL is proposed to be demerged into RIL

Q2 results: Reliance Jio logs 26.9% jump in net profit as Arpu rises

Gross revenue rises 22.8 percent annually to Rs 28,506 crore in second quarter

Reliance Industries to demerge and list financial services business

Shareholders of RIL will receive one equity share of JFS of face value Rs 10 for one fully paid-up equity share of Rs 10 held in RIL.

Windfall tax impact: Reliance net profit flat in Q2 at Rs 13,656 crore

Bottomline misses estimates, net revenue jumps 37.3 per cent YoY to Rs 2.3 trillion; to list financial services arm

RIL to demerge subsidiary RPPMSL's EPC business, combine it with its own

The demerged undertaking, together with the existing EPC team of RIL, will create a focused EPC undertaking to cater to the needs of the group

Windfall tax hits Reliance; Q2 net profit flat at Rs 13,656 crore

Reliance's revenue has jumped 34 per cent to Rs 2.33 trillion

Markets end marginally up on Friday; Sensex, Nifty down 1% in Samvat 2078

The BSE MidCap index fell about 4 per cent in Samvat 2078, while the BSE SmallCap index added 0.4 per cent

Top headlines: CCI penalty on Google, funding winter for startups, and more

Business Standard brings you the top headlines at this hour

MoEF panel nod to RIL's Hazira manufacturing complex's Rs 10k cr expansion

The Expert Appraisal Committee under the Ministry of Environment, Forests and Climate Change has recommended Environmental Clearance for the Rs 10,000 crore expansion and debottlenecking of Reliance Industries Ltd's Hazira Manufacturing Division (HMD) in Gujarat. Debottlenecking is the process of getting more production out of existing plants and equipment by improving processes or revamping equipment. "The EAC, after detailed deliberations, recommended the project for grant of environmental clearance, subject to compliance of terms and conditions as under," the EAC said in the meeting held on October 10. The HMD complex of Mukesh Ambani's RIL was commissioned in 1991-92 to manufacture MonoEthylene Glycol, Vinyl Chloride Monomer (VCM), Poly Vinyl Chloride (PVC) and High Density Polyethylene (HDPE) along with utilities. Subsequently in later years, the Naphtha cracker, Purified Terepthalic Acid and Polypropylene plants were set up. The HMD is planning to expand its production ...

RIL's telecom, retail biz to shine in Q2; O2C muted, say analysts

Volatile energy markets, windfall taxes to contribute to O2C weakness; company to report results on Friday

Nokia, Ericsson ink multi-year contracts to power Reliance Jio's 5G network

Jio will deploy a standalone 5G network, which will interwork with its 4G network and enable it to provide services such as machine-to-machine communication, network slicing, and ultra-low latency

Several Indian corporate houses set to become carbon neutral by 2050

Companies including Mahindra & Mahindra, Aditya Birla Group, JSW Group, Adani Transmission, Vedanta, and Dalmia Cement have set decarbonisation goals to achieve carbon neutrality by 2050

Six of top-10 firms lose Rs 78,163 crore in m-cap; RIL biggest drag

The combined market valuation of six of the 10 most valued domestic firms eroded by Rs 78,163 crore last week, with Reliance Industries taking the biggest hit. Last week, the 30-share BSE Sensex declined 271.32 points or 0.46 per cent. While Reliance Industries, Bharti Airtel, ICICI Bank, HUL, Bajaj Finance and SBI saw a drop in their valuation, TCS, HDFC Bank, Infosys and HDFC emerged as the gainers. However, the combined gain of the four firms at Rs 30,467.03 crore was less than the total loss suffered by the six companies. The market valuation of index heavyweight Reliance Industries tanked Rs 42,113.47 crore to reach Rs 16,04,069.19 crore. Bharti Airtel lost Rs 15,159.81 crore to stand at Rs 4,26,226.99 crore. The market capitalisation (mcap) of ICICI Bank declined by Rs 8,272.37 crore to Rs 6,06,317.50 crore and that of Hindustan Unilever Ltd (HUL) fell by Rs 5,404.06 crore to Rs 6,05,219.47 crore. Bajaj Finance's valuation dipped Rs 4,268.28 crore to Rs 4,40,295.38 crore a

Reliance sole bidder for Metro's India business, says report

Representatives for Metro and Reliance declined to comment, while a spokesperson for CP Group didn't immediately respond to requests for comment.

Jio-bp to set up charging network for M&M's upcoming e-SUVs' launches

Starting with 16 cities, Jio-bp will install DC fast chargers at M&M dealership network and workshops across the country

Why are India's super wealthy looking abroad for family offices?

RIL Chairman Mukesh Ambani is setting up a family office. It's a trend among wealthy Indian families who set up such entities, often overseas. Find out why the India's super wealthy are looking abroad

Reliance Industries, Jio in talks to raise funds through foreign loans

The loans, which are likely to have a five-year term, are anticipated to be priced 130-150 basis points higher than the Secured Overnight Financing Rate (SOFR), a benchmark rate used around the world

Reliance's brand new floating production system collides, no one injured

A brand new floating production system of Reliance Industries Ltd was involved in a minor collision with a barge off the east coast, but no one was injured and project work has not been impacted, the company said. The Ruby floating production, storage and offloading (FPSO) vessel destined for the deep-water MJ gas condensate development in the KG-D6 block in the Bay of Bengal, was involved in a collision with an accommodating barge, causing minor damage to the vessel. "Due to rough weather, the gangway from the accommodation barge Nor Goliath got lifted and made contact with the staircase on the FPSO causing minor damage to the stairs," a company spokesperson said. Promptly, Nor Goliath, the spokesperson said, pulled away along with the gangway. The gangway was secured back on Nor Goliath and inspected. "Further, there was no personnel injury and there is no impact on the overall project schedule and commissioning," the spokesperson added. FPSO is a giant ship that not just has ..

Seven of top-10 firms add Rs 1 trn in mcap; RIL, TCS biggest gainers

The combined market valuation of seven of the 10 most valued firms climbed Rs 1,01,043.69 crore last week, with Reliance Industries and TCS emerging as the biggest gainers. Last week, the 30-share BSE Sensex jumped 764.37 points or 1.33 per cent. The domestic equity markets were closed on Wednesday for Dussehra. The market valuation of Reliance Industries Ltd (RIL) climbed Rs 37,581.61 crore to reach Rs 16,46,182.66 crore. Tata Consultancy Services (TCS) added Rs 22,082.37 crore, taking its valuation to Rs 11,21,480.95 crore. The market valuation of Infosys jumped Rs 16,263.25 crore to Rs 6,10,871.36 crore and that of ICICI Bank went higher by Rs 13,433.27 crore to Rs 6,14,589.87 crore. The market capitalisation (mcap) of HDFC advanced Rs 6,733.19 crore to Rs 4,22,810.22 crore and that of HDFC Bank surged Rs 4,623.07 crore to Rs 7,96,894.04 crore. Bajaj Finance added Rs 326.93 crore to its valuation to stand at Rs 4,44,563.66 crore. However, Hindustan Unilever's valuation diminis

Mukesh Ambani joins the list of global rich with family office in Singapore

Asia's second-wealthiest man, Reliance Industries Ltd. Chairman Mukesh Ambani, is setting up a family office in Singapore, according to people familiar with the move.