Page 13 - Reliance Industries

RIL inches closer to acquiring Lanco Amarkantak with Rs 1,960 cr cash offer

If the deal goes through, it will be the third big-ticket acquisition by the Ambani firm under IBC

MSTC eyes e-commerce biz; ties with Reliance, Vedanta, Tata Power, others

Government-owned e-commerce service provider MSTC aims to expand its offering for private players and has tied up with firms like Reliance Industries, Tata Power, Vedanta, and Larsen & Toubro (L&T). The company believes that the current financial year will remain volatile and it would need to develop smart ways to tackle new challenges. "MSTC is endeavouring to harness the untapped potential in the private sector also, besides trying to retain the government and PSU business," company's chairman and managing director Surinder Kumar Gupta said in the annual report 2021-22. "...digital transformation is an integral part and play a key role in the development of the organisation in the near future. We are also taking various steps to ensure that we remain well placed to take the opportunity with both hands as and when the same comes in our path," Gupta said. The company said that it has emerged as a major standalone e-commerce service provider in the country. With its foray into .

Three of top-10 firms lose Rs 1.22 trn in mcap; RIL biggest laggard

The combined market valuation of three of the 10 most valued domestic firms fell by Rs 1,22,852.25 crore last week, with Reliance Industries emerging as the biggest laggard. IT majors Tata Consultancy Services (TCS) and Infosys were the other two bluechips which faced erosion from their valuation. In contrast, HDFC Bank, Hindustan Unilever, ICICI Bank, State Bank of India, HDFC, Bajaj Finance and Adani Transmission were the gainers. Their combined gain was Rs 62,221.63 crore. During the holiday-shortened week, the BSE benchmark Sensex dipped 30.54 points or 0.05 per cent. The market valuation of Reliance Industries fell by Rs 60,176.75 crore to reach Rs 17,11,468.58 crore. The market capitalisation (mcap) of TCS declined by Rs 33,663.28 crore to Rs 11,45,155.01 crore and that of Infosys dipped by Rs 29,012.22 crore to Rs 6,11,339.35 crore. From the gainers pack, HDFC Bank added Rs 12,653.69 crore, taking its valuation to Rs 8,26,605.74 crore. The valuation of Adani Transmission,

As RIL announces big capex plans, analysts fear dent in return ratios

Speaking at the AGM, Mukesh Ambani announced plans to invest Rs 2 trillion in set-up a nationwide fifth generation (5G) mobile network by the end of next year

After Patanjali, Reliance Retail could be the next big disruptor in FMCG

Other FMCG companies will have to increase their advertising spends in segments Reliance makes a meaningful acquisition in order to stay competitive.

Windfall tax: Reliance Industries shares fall 3%; ONGC, Vedanta too decline

Shares of Reliance Industries fell nearly 3 per cent on Thursday after the government raised the tax on export of diesel and jet fuel (ATF) and hiked the windfall profit levy on domestically-produced crude oil. The market heavyweight stock declined 2.99 per cent to settle at Rs 2,560.20 apiece on the BSE. During the day, it fell 3.30 per cent to Rs 2,552. On the NSE, it went lower by 2.93 per cent to Rs 2,560.40 apiece. The company's market valuation also got eroded by Rs 53,578.11 crore to Rs 17,32,034.89 crore on the BSE. Reliance Industries was the biggest laggard among the Sensex components. The 30-share BSE Sensex fell 770.48 points or 1.29 per cent to settle at 58,766.59. The government on Thursday raised the tax on export of diesel and jet fuel and hiked the windfall profit levy on domestically-produced crude oil in line with rising product margins and oil prices. While private refiners Reliance Industries Ltd and Rosneft-based Nayara Energy are the principal exporters of

Campa Cola set to compete in aerated drinks space with new owner Reliance

Reliance has acquired Campa Cola from Pure Drinks for Rs 22 crore, according to a source in the know

Reliance Industries ups O2C play as competitive intensity grows

Adani, TCG among key rivals in the sector

Qualcomm to provide chipset platforms for Reliance Jio's 5G equipment

The US chip design company is helping indigenous manufacture of 5G FWA customer equipment, working with mobile device makers to enable stand alone 5G phones and also reduce their prices

Jio Cloud PC: Will it be a game changer for small and medium businesses?

Analysts believe India would finally usher in the home broadband segment

Tariff hikes needed for monetising Rs 2 trn investment: Analysts on Jio 5G

Analysts at Jefferies said Jio's approach to 5G has striking similarities to its approach to 4G with the company investing aggressively-potentially ahead of time-to create a state of art network

Will RIL stock hit the Rs 3,500-mark before its next AGM?

Though investments of RIL across verticals will set the company on a decadal growth path, they may weigh on the stock in the near-term. Tech charts, however, suggest otherwise. Here's a report

Chasing growth: RIL has ambitious plans

Future technology, new energy, retail-the diversified conglomerate's strategy is seen positively by markets

New growth opportunities, high debt risk: How analysts interpret RIL's AGM

Analysts said that though the company is set to embark the journey of new growth opportunities in telecom, and new energy areas, it may lead to increase in near-term debt, and weaken the return ratios

Sensex adds 1564pts, Nifty tops 17750 in broad-based rally; financials lead

CLOSING BELL: Benchmark indices clocked their biggest intra-day gain since May 20 as broad-based buying emerged across sectors

Latest LIVE: Nadda asks Kejriwal to prove innocence in liquor scam case

From the developments around Congress president elections to latest Covid news, catch all the live updates here

Stocks to watch: RIL, L&T Tech, ICICI Bank, Axis Bank, Lupin, Ashok Leyland

Stocks to watch today: ICICI Bank, Axis Bank, and IDFC First Bank have increased interest rates on deposits worth Rs 2 crore & above; BPCL plans to scale up renewable energy portfolio to 10 GW by 2040

Top Headlines: Adani becomes world's 3rd-richest; Ambani's plans for RIL

Reliance Industries Ltd (RIL) set the tone for the future during its 45th annual general meeting, saying it would aim to double its market value by 2027

Mukesh Ambani makes succession clear to shareholders at Reliance AGM

Tycoon's three children, Akash, Isha and Anant, to lead separate business

Reliance aims to double its value in 5 years as it gets future-ready

5G, new energy, O2C, retail, FMCG among growth engines for company, says Ambani