Ril
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Reliance-Future Deal: RIL shares jump nearly 3 per cent; Future Group stocks rally too
Business | Aug 31, 2020, 02:15 PM ISTShares of Reliance Industries on Monday rose nearly 3 per cent after it announced the acquisition of Future Group’s retail, wholesale, logistics and warehousing businesses for Rs 24,713 crore.
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Meet Sanjiv Singh, Former IOC Chairman who joined Reliance as Group President
Business | Aug 26, 2020, 08:04 PM ISTFormer Indian Oil Corp (IOC) chairman Sanjiv Singh has joined Reliance Industries Ltd as Group President for billionaire Mukesh Ambani-run firm's oil-to-chemicals business.
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Six of top-10 most valued companies add Rs 74,240 crore in market cap; RIL leads
Business | Aug 09, 2020, 10:54 AM ISTThe combined market valuation of six of the top ten most valued companies rose by Rs 74,240 crore during the last week, with Reliance Industries leading the pack. Six firms, namely Reliance Industries Ltd (RIL), Tata Consultancy Services (TCS), HDFC Bank, Bharti Airtel, ITC and ICICI Bank logged gains in their market valuation for the trading week closed on Friday.
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RIL shares decline by nearly 4 per cent due to profit booking
Business | Jul 29, 2020, 06:39 PM ISTReliance Industries Limited has been unstoppable in recent weeks as the corporate behemoth has attracted huge investments from world-over. On Wednesday, RIL shares declined by 4 per cent after eight-day rally.
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Mukesh Ambani's Reliance Industries market valuation crosses Rs 14 lakh cr-mark
Business | Jul 24, 2020, 03:29 PM ISTReliance Industries’ market valuation crossed Rs 14 lakh crore-mark on Friday as its stock rallied over 4 per cent to scale its fresh peak.
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Intel-Jio Deal: US semiconductor giant invests Rs 1,894.5 crore in Jio Platforms for 0.39% stake
Business | Jul 03, 2020, 09:06 AM ISTWith this investment, Jio Platforms has raised Rs 117,588.45 crore from leading technology investors including Facebook, which bought a 9.99 percent stake for Rs 43,574 crore on April 22, Silver Lake Partners (two investments), Vista Equity Partners, General Atlantic, KKR, Mubadala, ADIA, TPG, L Catterton, PIF and Intel.
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Mukesh Ambani's Reliance Industries becomes first Indian firm to hit USD 150 bn m-cap
Business | Jun 22, 2020, 11:29 AM ISTReliance Industries raised Rs 1.15 lakh crore from global tech investors by selling a little less than a quarter of the firm's digital arm, Jio Platforms, and another Rs 53,124.20 crore through a rights issue in the past 58 days.
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Next leg of RIL debt-reduction to be driven by strong cashflow from energy business: Report
Business | Jun 16, 2020, 12:21 PM ISTAmbani's oil-to-telecom conglomerate has announced the sale of about USD 14 billion of assets, completed a USD 7 billion rights issue, and slowed the run rate of new investment by a quarter.
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Mukesh Ambani gets 5.52 lakh shares in Reliance rights issue
Business | Jun 11, 2020, 12:38 PM ISTBillionaire Mukesh Ambani has got 5.52 lakh shares of his flagship firm Reliance Industries (RIL) in the just-concluded Rs 53,124 crore rights issue, according to the company's regulatory filing on Thursday.
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RIL stock hits all-time high of Rs 1,624 defying naysayers
Business | Jun 08, 2020, 07:59 PM ISTAs the stock price of Reliance Industries Limited (RIL) hit an all-time high of Rs 1,624 on the BSE, the RIL story has defied experts and naysayers who cast doubts on the share's instrinsic value and commented that the price will fall post rights issue that closed on June 3.
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Reliance Industries rights issue ends in a week: 5 reasons why you should subscribe to it
Business | May 26, 2020, 03:04 PM ISTReliance Industries' Rs 53,125 crore mega rights issue opened for subscription by shareholders on Wednesday. It became the first issue where eligible shareholders got the rights entitlements (REs) in demat, which could be traded on stock exchanges.
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RIL shares jump over 4% as Vista Equity Partners picks 2.32% stake in Jio Platforms
Business | May 08, 2020, 12:19 PM ISTVista's investment will translate into a 2.32 per cent equity stake on a fully diluted basis, making Vista the largest investor in Jio Platforms, behind Reliance Industries and Facebook.
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With ₹ 11,367 crore, Vista Equity becomes biggest investor in Reliance Jio
Business | May 08, 2020, 09:19 AM ISTReliance Industries Limited on Friday informed the BSE Sensex that Vista Equity Partners will invest ₹ 11,367 crore into Jio Platforms. With this Jio Platforms has now raised ₹ 60,596.37 crore from leading technology investors in less than three weeks.
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Facebook's Jio investment to help RIL move to zero debt: Report
Business | Apr 27, 2020, 12:29 PM ISTFacebook's over Rs 43,000 crore investment in Jio Platforms would help Reliance Industries (RIL) in its movement towards becoming a zero net debt company by March 2021, a Credit Suisse report said on Monday.
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Six of top-10 firms lose Rs 95,432 cr in m-cap; Reliance takes biggest hit
Business | Mar 08, 2020, 10:29 AM ISTSix of the 10 most valued domestic companies suffered a combined erosion of Rs 95,432.26 crore in market valuation last week, dragged down by Reliance Industries Limited (RIL) and HDFC Bank amid a bearish trend in the broader market.
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Reliance Retail acquires Shri Kannan Departmental Store
Business | Mar 05, 2020, 11:48 AM ISTReliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries (RIL), has acquired 100 per cent stake in Tamil Nadu-based Shri Kannan Departmental Store Private Limited for Rs 152.5 crore.
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Mukesh Ambani, the richest Indian, made Rs 7 crore every hour in 2019
Business | Feb 27, 2020, 01:30 PM ISTWith USD 67 billion, Ambani is also the ninth richest in the world which is topped by Jeff Bezos of Amazon with USD 140 billion. The second in the list is SP Hinduja family (USD 27 billion), Gautam Adani (a little over USD 17 billion), Shiv Nadar & family (close to USD 17 billion), and Lakshmi Mittal with over USD 15 billion in networth.
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Sensex snaps 4-session slide, soars 429 pts; RIL, HDFC sparkle
Business | Feb 19, 2020, 05:17 PM ISTEquity indices clawed back lost ground on Wednesday after a four-session falling spree as investors took heart from a decline in new coronavirus cases in China and the Indian government's assurance on tackling the economic impact from the epidemic.
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RIL, HDFC Bank among top seven companies to suffer combine loss of Rs 1.89 lakh cr in m-cap
Business | Feb 02, 2020, 11:23 AM ISTSeven of the 10 most valued companies suffered a combined loss of Rs 1.89 lakh crore in market valuation last week, led by Reliance Industries which alone took a hit of Rs 87,732.8 crore.
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Mukesh Ambani's RIL posts highest ever quarterly net profit. Full highlights
Business | Jan 17, 2020, 11:49 PM ISTReliance Jio has reported a staggering profit of Rs 16,517 (USD 2.6 billion). Reliance Industries Limited has released its financial report of Quarter 3 ending at 31 December, 2019.