RIL will announce its results for the quarter ended December 2019 on Friday
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Mukesh Ambani, CMD of RIL will become the non-executive Chairman while a non-Ambani may become RIL's MD for the first time in the company's history
TCS, HDFC, HUL, ICICI Bank and Kotak Mahindra Bank were the other bluechips which witnessed a rally in their market capitalisation
ICICI Bank's valuation tumbled Rs 6,883.44 crore to Rs 3,48,532.24 crore, taking the worst hit among the top-10 firms.
A dedicated mobile application for Jio Mart is expected to be launched in the coming weeks, which will also be integrated with My Jio and Jio Money applications,
Government's demand for pending dues may delay company's plan to reduce debt
The government had approached the Delhi High Court seeking to block RIL's stake sale plans
The Delhi high court ordered RIL and BG Exploration and Production India Ltd, a unit of Shell India, to disclose their assets after the Centre sought to restrain the companies from disposing them
In a counter affidavit, it said it was a 'falsehood' that the arbitration tribunal had passed an award requiring the company and its partners to pay $3.5 billion to the government
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RIL maintained that except as quantified by the tribunal, no amount can be said to be payable at this stage
In the broader market, the BSE 30-share Sensex advanced 564.56 points or 1.39% last week
A higher diesel spread means refiners will see better GRMs as compared to the benchmark
The stake purchase is aimed at strengthening the group's digital and new commerce initiatives
Reliance Jio, the telecom arm of RIL, last week raised tariff by up to 39 per cent following hikes effected by other service providers.
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According to a top source, the process could take one to two weeks before a final announcement is made.
Foreign brokerage Credit Suisse believes that Jio's tariff hike could bring an annual cash flow in excess of $1.5 billion
The Securities Appellate Tribunal on Wednesday is likely to hear an appeal by Reliance Industries Ltd against a Sebi order that had barred the company and 12 of its promoter group entities from dealing in equity derivatives. The watchdog had barred the company and the entities for alleged unfair trade practices related to the securities market. Through an order on March 24, 2017, Sebi had also directed RIL to disgorge Rs 447 crore along with interest. The total amount of disgorgement, including interest, was around Rs 1,952 crore. SAT would hear RIL's appeal against the Sebi ban on Wednesday, as per the tribunal's cause list. Noted lawyer Harish Salve would be appearing for RIL. The case dates back to March 2007, when Mukesh Ambani-led RIL decided to sell 5 per cent stake in Reliance Petroleum, a listed subsidiary which was later merged with RIL in 2009. Sebi ruling was related to alleged fraudulent trading in the F&O space in the securities of Reliance Petroleum. RIL and the 1