Page 9 - Reliance Industries

Reliance set to acquire METRO Cash & Carry India in 500 million euros deal

Reliance Industries is set to acquire German retailer METRO AG's Cash & Carry business in India in a deal estimated at around 500 million euros (Rs 4,060 crore), industry sources said. The deal includes 31 wholesale distribution centres, land banks and other assets owned by METRO Cash & Carry here, they said. This is going to help Reliance Retail, the country's largest retailer, expand its presence in the B2B segment. Discussion between billionaire Mukesh Ambani-led Reliance Industries and METRO was going on for the past few months and last week the German parent firm agreed to the offer from Reliance Retail, they added. When contacted, both METRO and Reliance Industries declined to comment on the development. A Reliance spokesperson said, "Our company evaluates various opportunities on an ongoing basis." METRO AG's spokesperson said, "We do no comment on market rumour or speculations." METRO Cash & Carry's customers include retailers and kirana stores, hotels, restaurants

Mcap of 7 of top-10 most valued firms rises Rs 1.33 trn; Reliance leads

Seven of the top-10 most valued firms together added Rs 1,33,707.42 crore in market valuation last week amid an overall positive trend in equities, with Reliance Industries emerging as the biggest winner. Last week, the BSE benchmark jumped 990.51 points or 1.65 per cent. Reliance Industries, Tata Consultancy Services (TCS), HDFC Bank, Infosys, State Bank of India, HDFC and ITC were among the gainers, while ICICI Bank, Hindustan Unilever Limited and Bharti Airtel faced erosion from their market valuation. The market capitalisation (mcap) of Reliance Industries jumped Rs 44,956.5 crore to Rs 17,53,888.92 crore. HDFC Bank added Rs 22,139.15 crore taking its valuation to Rs 8,34,517.67 crore. The market valuation of State Bank of India rallied Rs 20,526.61 crore to Rs 5,29,898.82 crore and that of TCS climbed Rs 19,521.04 crore to Rs 11,76,860.69 crore. HDFC's mcap advanced Rs 16,156.04 crore to Rs 4,52,396.31 crore and that of ITC spurted by Rs 9,861.07 crore to Rs 4,38,538.73 ...

K V Kamath is independent director of RIL, non-exec head of financial arm

Reliance Strategic Investments, of which he is the non-executive chairman, will be renamed Jio Financial Services Ltd, and will be listed on the bourses pursuant to a demerger scheme

Reliance Strategic Investments appoints K V Kamath as Independent Director

Kamath served as Chairman of Infosys. In 2015 he was appointed as the first President of the New Development Bank set up by the BRICS countries from where he retired in 2020

Reliance to enter salon business, in talks with Naturals chain: Report

BENGALURU (Reuters) - Reliance Retail, a unit of Indian oil-to-chemicals conglomerate Reliance Industries, plans to enter the salon business and is in final stages to buy a roughly 49% stake in Naturals Salon & Spa, the Economic Times newspaper reported on Friday.

Reliance Retail rolls out athleisure brand Xlerate on AJIO Business

The brand caters to requirements of sports and fitness enthusiasts

Nine of top-10 firms add Rs 90,319 cr in market valuation; RIL leads pack

Nine of the 10 most valued domestic firms together added Rs 90,318.74 crore in market valuation last week amid a positive trend in equities, with Reliance Industries emerging as the biggest winner. Last week, the 30-share BSE benchmark Sensex climbed 652.7 points or 1.10 per cent. Markets had a special one-hour Muhurat trading session on Monday to mark the beginning of Hindu Samvat year 2079. Stock markets were closed on Wednesday for 'Diwali Balipratipada'. Barring Hindustan Unilever, rest nine companies witnessed addition in their market valuation, including Tata Consultancy Services (TCS), HDFC Bank, Infosys and State Bank of India (SBI). The market valuation of Reliance Industries rallied Rs 36,566.82 crore to reach Rs 17,08,932.42 crore. The market capitalisation (mcap) of HDFC Bank advanced Rs 11,195.61 crore to Rs 8,12,378.52 crore. Bharti Airtel's market valuation jumped Rs 10,792.67 crore to Rs 4,54,404.76 crore and that of SBI climbed Rs 8,879.98 crore to Rs 5,09,372.21

RIL: Bulls set eyes on Rs 3,500-mark as stock above support held since 2017

Domestic brokerage firm Prabhudas Lilladher, too, lowered its earnings outlook on RIL and trimmed the target price to Rs 2,892

TMS Ep289: Reliance demerger, Rishi Sunak, WhatsApp spams, trendlines

What does demerger mean for RIL shareholders? What challenges await Rishi Sunak? How WhatsApp is turning into a spammer's paradise? How can trendlines help traders? All answers here

What does demerger of the financial services biz mean for RIL shareholders?

Reliance Industries will demerge its financial services business and list as a separate entity. Will a fast-growing consumer and merchant loan book be enough to impress shareholders? Let's find out

Sensex snaps seven-day winning run, falls 288 pts; Nifty50 ends at 17,656

Profit-booking comes to play, investors dump FMCG, pvt banking stocks

Sensex snaps 7-day winning run, falls 288 pts; RIL slips 1.5%, Nestle 3%

CLOSING BELL: The top drags were Nestle, Bajaj Finserv, HUL, Kotak Bank, RIL, HDFC, Bajaj Finance, Asian Paints, and IndusInd Bank as they fell in the range of 1 per cent to 3 per cent

Stocks to watch: RIL, HUL, ICICI Bank, RBL Bank, IGL, Borosil Renewables

Stocks to watch today: Reliance Industries flat net profit at Rs 13,656 crore in Q2FY23; Chennai Petroleum will post Q2FY23 results on Tuesday, October 25

Reliance to commission its deepwater MJ gas condensate field by year-end

Reliance Industries Ltd will commission its deepwater MJ gas condensate field in Bay of Bengal block KG-D6 by year end, boosting natural gas output to 30 per cent of India's total. "With respect to the MJ gas condensate field project being pretty much on track, for the first gas production by the end of the year," said Sanjay Roy, senior vice-president for exploration and production, Reliance Industries Ltd, at an investor call post announcement of the company's second quarter earnings. MJ is the third and last of a set of discoveries that Reliance and its partner bp are developing in the eastern offshore block. The two will use a floating production system at the high sea in the Bay of Bengal to bring to production the deepest gas discovery in the KG-D6 block. "The offshore installation campaign has been completed. So, the subsea production system has been installed. The Phase-II drilling and completion campaign is currently underway, and we've completed one well, then we are on ..

Samvat 2079: Sensex up 525pts; logs best Muhurat-day gain in 14 years

Muhurat Trading Session Wrap: Financial shares led by ICICI Bank, HDFC twins top gainers chart. Nestle, L&T also up smartly, while Hindustan Unilever sheds 3 per cent.

Weak global growth, high inflation may impact energy demand, says RIL

Company sees oil demand averaging 99.6 million barrels a day, up 1.9 per cent versus a year ago....

'Marketing, pricing freedom must for catalysing investments in gas fields'

Pricing and marketing freedom are a must to ensure billions of dollar investment as costs of finding and producing natural gas from deposits lying several hundred metres below seabed are market driven, producers have told a government-appointed panel reviewing gas pricing. In an investor call post announcement of company's second quarter earnings on October 21, Sanjay Roy, senior vice-president for exploration and production, Reliance Industries Ltd, stated that producers are being represented by Association of Oil and Gas Operators (AOGO) at the panel whose report is expected in the next few weeks. "Potentially, the upstream producers are saying that there should be marketing and pricing freedom, pursuant to the policies and the contracts," he said. "The counter to elevated prices is increment to production, as we have seen in the case of KG-D6, and these investments will have to happen in frontier areas where there seems to be larger potential for such investments." Reliance and i

Eight of top-10 firms add Rs 2 trn in market valuation; Reliance leads

Eight of the 10 most valued firms together added Rs 2,03,335.28 crore in market valuation last week amid an overall positive trend in equities, with Reliance Industries emerging as the biggest gainer. Last week, the BSE Sensex climbed 1,387.18 points or 2.39 per cent. Barring HDFC Bank and Bajaj Finance, rest eight firms in the top-10 pack witnessed addition in their market valuation. The market capitalisation (mcap) of index heavyweight Reliance Industries jumped Rs 68,296.41 crore to stand at Rs 16,72,365.60 crore. State Bank of India (SBI) added Rs 30,120.57 crore, taking its valuation to Rs 5,00,492.23 crore. ICICI Bank's market valuation climbed Rs 25,946.89 crore to Rs 6,32,264.39 crore and that of Hindustan Unilever Limited (HUL) advanced Rs 18,608.76 crore to Rs 6,23,828.23 crore. Bharti Airtel's valuation grew by Rs 17,385.1 crore to stand at Rs 4,43,612.09 crore. The market valuation of ITC jumped Rs 16,739.62 crore to Rs 4,28,453.62 crore and that of Tata Consultancy

RIL becomes first Indian company to post earnings call on metaverse

The RIL metaverse was produced in partnership with GMetri, a no-code metaverse creation platform. One doesn't need to wear an AR/VR headgear to access it

Top Headlines: RIL Q2 net flat, CCI speeds up Apple antitrust case & more

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