Reliance Industries shares maintain winning run for 7th day; Mcap crosses Rs 14 lakh cr mark
Business | June 03, 2021 13:27 ISTThe market heavyweight stock has jumped 14.53 per cent in seven trading sessions to hit a high of Rs 2,250 on Thursday.
The market heavyweight stock has jumped 14.53 per cent in seven trading sessions to hit a high of Rs 2,250 on Thursday.
Reliance BP Mobility Ltd, the fuel retailing joint venture of Reliance Industries Ltd and BP, has deployed a mobile fuel bowser in Mumbai for supplying fuel free of cost to ambulances on COVID-19 duty, a company statement said on Tuesday.
Shares of Reliance Industries are in huge demand, extending its winning run for the fourth day and rallying almost 10 per cent.
Shares of Reliance Industries, the country's most valuable company by market valuation, on Friday were in heavy demand and closed with a jump of 6 per cent.
The UK-based firm, which owns a hotel and golf course in Buckinghamshire, UK, will add to Reliance's consumer and hospitality assets, the firm said in a filing late on Thursday.
In a letter to RIL employees, the Chairman and Managing Director RIL Mukesh Ambani and Chairperson Reliance Foundation Nita Ambani said that the COVID-19 vaccine is a key weapon again the coronavirus and the company has continued to bear the vaccination cost for all the eligible members.
Billionaire Mukesh Ambani's Reliance Industries Ltd has tweaked manufacturing at its Jamnagar oil refineries to produce over 700 tonnes a day of medical-grade oxygen which is being supplied free of cost to states badly affected by COVID-19, sources said.
Reliance's twin oil refineries in Jamnagar have through minor process modification converted industrial oxygen into medical-use oxygen that can be administered to COVID-19 patients low on oxygen
Reliance Industries has secured approval of its shareholders and creditors for hiving off its oil-to-chemical business into a separate unit.
RIL share price, RIL share target: JM Financial has given a buy call with a target price of Rs 2,500 for Reliance Industries shares.
Several media reports had earlier said students at the Banaras Hindu University staged a demonstration, opposing the proposal to make Nita Ambani as a visiting professor at the varsity.
Mukesh Ambani's wealth increased 24 per cent on a year-on-year basis on the back of a surge in the value of energy-to-telecom giant RIL.
RIL is finalising the O2C separation as its talks for a stake-sale to Aramco are back on track, according to reports.
RIL said that its O2C Scheme has become effective from January 1, 2021 and required regulatory approval from SEBI and stock exchanges has already been received.
Reliance Industries Limited (RIL) will be setting up the world's largest zoo in Gujarat's Jamnagar district.
The board of ONGC at its meeting on February 13 approved creation of a new wholly-owned subsidiary company for gas and liquefied natural gas (LNG) business value chain subject to necessary approvals, according to the firm's third quarter earnings announcement.
A Purchase and Sale Agreement has been signed between Reliance Marcellus and NOG on February 3, 2021 for this sale and the transaction is subject to customary terms and conditions of closing.
Equity benchmark Sensex declined over 140 points in early trade on Thursday as index-heavyweights Reliance Industries, Infosys and HDFC twins witnessed intense selling pressure.
Equity benchmark indices shed 1 per cent in a volatile trading session on Monday with Reliance Industries losing by 5 per cent after the announcement of Q3 earnings. The BSE S-P Sensex closed 531 points or 1.09 per cent lower at 48,348 while the Nifty 50 edged lower by 133 points or 0.93 per cent to 14,239. Sectoral indices at the National Stock Exchange were mixed with Nifty IT dipping by 1.7 per cent while pharma rising by 1.7 per cent. Among stocks, Reliance Industries cracked by 5.6 per cent to Rs 1,935.15 per share after reports said the Mukesh Ambani-led conglomerate has spined off of the oil-to-chemical business into a new unit that will help it pursue growth opportunities with strategic partnerships. At the same time, it saw its profit jump 12.5 per cent to Rs 13,101 crore during the quarter ended December.
Billionaire Mukesh Ambani's Reliance Industries Ltd (RIL) has seen pre-tax profit recover to pre-pandemic levels on the back of continued growth in consumer businesses, Moody's Investors Service said on Monday.
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