From a medium-term perspective, the 200-daily moving average (DMA) and 50-weekly moving average (WMA) together indicate support at Rs 2,050 levels
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Here are the details of everything Mukesh Ambani announced under Jio Platforms at the Reliance Industries annual general meeting this year
It continues to be among the fastest-growing retailers globally and the company aims to be among the top ten retailers of the world, Ambani said at RIL's annual general meeting
'JioPhone Next is one of the most affordable smartphones globally, which has cutting-edge technology,' Ambani said
In their base case scenario, Jefferies maintains a price target of Rs 2,540 on RIL stock - an upside of around 15 per cent from the current levels
TCS and M&M were outliers, recording a two-fold rise in representation
So far, RIL has raised a record Rs 1.18 trillion in less than three months by selling 25.24 per cent stake in Jio Platforms.
RIL hit a fresh all-time high of Rs 1,948.75, up 2 per cent in intra-day trade, surpassing its previous high of Rs 1,947 touched on July 13, 2020.
On Monday, the RIL also fixed July 3 the 'Record Date' for the purpose of determining the members eligible to receive dividend for 2019-20.
So far, all the post-IPO AGMs of Reliance have been physical meetings that have often been equated with big fat Indian weddings
Another big announcement was Reliance's partnership with Microsoft under which Jio will set up data centres across India and Microsoft will bring the cloud platform.
Shares of LCOs including Hathway cables and Datacom, Den Networks and GTPL Hathway zoomed in the range of 5 to 20% during the morning deals on the BSE while those of PVR & INOX Leisure slipped up 10%
Partnerships with Aramco, BP will bring in Rs 1.1 trillion; funds to be used to pare debt
Mukesh Ambani said that the trials of Reliance Retail's digital commerce venture have delivered positive results
The statement came in the wake of rising debt at the group level that reached a level of group Rs 1,54,478 crore in the last financial year
From Reliance expecting to launch GigaFiber to Zomato partners' strike, Business Standard brings you top events that could make headlines today
For the coming years, what will hold true for RIL will be Mukesh Ambani's famous statement from a conference last year: 'Data is the new oil and India doesn't need to import it'
The effort will involve the group's Reliance Retail Ltd. and Reliance Jio Infocomm Ltd. businesses, he said
Oil to telecom conglomerate Reliance Industries (RIL) announced a bonus share issue, a demand shareholders have been making repeatedly at annual general meetings (AGMs). "I had committed last year that we would reward shareholders at the completion of our investments," Mukesh Ambani, chairman and managing director, said as he announced the board's recommendation for one bonus share for every one held by shareholders, at the 40th AGM here on Friday.Investments made in recent years, he added, would begin generating revenue in the coming months.Ambani also shared a road map of RIL's growth targets for the next decade. "Reliance@50 will aspire to become - and will certainly become - one among the top 50 companies in the world. I am confident Reliance's own growth over the next 10 years, and our contribution to the Indian economy, will surpass what it has achieved in the past 40 years."Those holding RIL shares on the record date, to be fixed later for the purpose, will be eligible for the .