Page 23 - Reliance Industries
Adani Group companies' sky-high valuations unfazed by market correction
Group's stocks trading at a P/E of 105.3x
 "Adani Group companies' sky-high valuations unfazed by market correction")
Petrol under-recovery at Rs 13, diesel Rs 24; RIL-BP says ops unsustainable
Two sources aware of the matter said Reliance BP Mobility Ltd contends that PSU oil marketing companies control over 90% of the market and are the price-setters
 "Petrol under-recovery at Rs 13, diesel Rs 24; RIL-BP says ops unsustainable")
Mcap of 3 of top-five valued firms jumps Rs 1.78 trn; Reliance lead gainer
In the ranking of top-five valued firms, Reliance Industries was leading the chart, followed by Tata Consultancy Services, HDFC Bank, Infosys and Hindustan Unilever.
 "Mcap of 3 of top-five valued firms jumps Rs 1.78 trn; Reliance lead gainer")
Piyush Goyal to lead Indian delegation at World Economic Forum, Davos
Post Davos, the Commerce and Industry Minister will travel to UK for trade talks
 "Piyush Goyal to lead Indian delegation at World Economic Forum, Davos")
Markets post best daily gains in three months; Sensex, Nifty soar nearly 3%
China rate cut helps improve sentiment
 "Markets post best daily gains in three months; Sensex, Nifty soar nearly 3%")
RIL to submit bid for British medical retail chain Boots by month-end
In final bids for Boots, billionaires, and owner of UK's retail ASDA Group, Issa Brothers, are in the race with TDR Capital, a British private equity firm, and will be the front-runners.
 "RIL to submit bid for British medical retail chain Boots by month-end")
Asian companies to ramp up petrol exports to US as sky-high prices beckon
JPMorgan Chase & Co forecast this week that American gasoline could surge to as high as $6.20 a gallon by August
 "Asian companies to ramp up petrol exports to US as sky-high prices beckon")
Tata Consumer in acquisition talks with at least five consumer brands
Tata group will likely face stiff competition in the sector from existing global giants such as Unilever, as well as Indian tycoon Mukesh Ambani's Reliance Industries Ltd
 "Tata Consumer in acquisition talks with at least five consumer brands")
Mukesh Ambani and Gautam Adani reap windfall from surging oil, coal prices
Shares of both RIL and Adani Enterprises had soared 19% and 42% respectively between Feb 24, when the Ukraine invasion began, and end of April, before a global stock rout wiped out some of those gain
 "Mukesh Ambani and Gautam Adani reap windfall from surging oil, coal prices")
Top headlines: Serum halts vaccine trial; steel companies reorient strategy
From Silver Lake buying stake in Reliance Retail to Serum Institute halting trial of Oxford vaccine, here are the top headline of the day
 "Top headlines: Serum halts vaccine trial; steel companies reorient strategy")
Stocks to Watch: Adani Group, RIL, SBI, Dmart, Railtel, Bandhan Bank, PSBs
Stocks to Watch Today: Bharat Forge, Fino Payments Bank, MCX India, RateGain Travel, Raymond and VIP Industries are some of the notable companies scheduled to announce Q4 results on Monday.
 "Stocks to Watch: Adani Group, RIL, SBI, Dmart, Railtel, Bandhan Bank, PSBs")
M-cap of eight biggest firms falls over Rs 2.48 trn; Reliance biggest drag
The market valuation of Reliance Industries tumbled Rs 1,30,627.7 crore to reach Rs 16,42,568.98 crore.
 "M-cap of eight biggest firms falls over Rs 2.48 trn; Reliance biggest drag")
Debt-ridden Future Retail's Chief Financial Officer C P Toshniwal resigns
Last week, Future Retail's Managing Director Rakesh Biyani stepped down, while officials including the company secretary of the debt-ridden firm tendered resignation
 "Debt-ridden Future Retail's Chief Financial Officer C P Toshniwal resigns")
RIL top-ranked Indian firm on Forbes Global 2000 list, leaves Adani behind
"Energy and banking sector corporations were among the highest-ranking Indian companies in Forbes' Global 2000 list of public companies this year," the publication said.
 "RIL top-ranked Indian firm on Forbes Global 2000 list, leaves Adani behind")
Fearing closure of petrol pumps, RIL-BP drafting a rescue plan: Report
Earlier in 2008, RIL had compensated dealers when it shut retail outlets due to high crude oil prices and lack of support from the government
InGovern, others approach Sebi; seek forensic audit of Future Group firms
In its letter, InGovern said many directors and key management personnel have resigned in the past year
 "InGovern, others approach Sebi; seek forensic audit of Future Group firms")
Reliance to clock $20 bn in EBITDA by 2022-end, says Morgan Stanley
High refining margins, gas prices and telecom ARPUs key contributors; stock falls nearly 4 per cent on Monday
 "Reliance to clock $20 bn in EBITDA by 2022-end, says Morgan Stanley")
Sell-off continues in stock market; Sensex falls 365 pts, RIL declines 4%
European and Asian equities traded weak on concerns around world economic growth amid surging inflation, monetary tightening, and a slowdown in China's export
 "Sell-off continues in stock market; Sensex falls 365 pts, RIL declines 4%")
Future Group hasn't made disclosures to stock exchanges, says Amazon
While arguing in the case, Amazon asked why Future did not inform the Supreme Court about the termination notice it received for its stores
Stocks to Watch: Reliance, Tata Power, ONGC, Canara Bank, LTI, Mindtree
Stocks to Watch Today: LIC IPO closes for subscription today; Campus Activewear to make its debut on the bourses on Monday.
