Wednesday, February 5

Tag: RIL

Reliance Will Invest Additional Rs 20,000 Cr In West Bengal, Says RIL Chairman Mukesh Ambani
21Nov By adminNo Comments
Business

Reliance Will Invest Additional Rs 20,000 Cr In West Bengal, Says RIL Chairman Mukesh Ambani

Curated By: Business DeskLast Updated: November 21, 2023, 17:03 ISTMukesh Ambani, chairman and managing director (MD) of Reliance Industries Limited. (File photo)Mukesh Ambani added that Reliance Jio achieved coverage of 98.8% in the state and Kolkata is 100% covered.Reliance Industries Limited Chairman & MD Mukesh Ambani on Tuesday said that RIL has invested close to Rs 45,000 Cr in West Bengal till now. He announced more investments at the 7th edition of Bengal Global Business Summit 2023.“Today I am happy to announce that RIL will invest an additional Rs 20,000 Cr in West Bengal over a period of 3 years,” he said while speaking at BGBS in Kolkata.Ambani added that Reliance Jio achieved coverage of 98.8% in the state and  Kolkata is 100% covered.He also highlighted that Reliance Re...
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Dow gains 500 pts as Oil dips; Fed, BoJ policy in focus
31Oct By adminNo Comments
Business

Dow gains 500 pts as Oil dips; Fed, BoJ policy in focus

Stock market updates on October 31, 2023: Fronline indices are likely to extend the pullback in early deals on Tuesday following the sharp rally in the US market.  At 07:00 AM, Gift Nifty futures quoted at 19,235 as against Nifty50 close of 19,141 yesterday. Overnight the Wall Street ended with strong gains as crude oil prices dipped and yen rose to a two-week high versus dollar after reports suggested that the Bank of Japan was considering tweaking its yield curve control policy.  Brent Crude Oil prices tumbled over 3 per cent to $86.50-odd levels on Monday. Investors now await cues from the US Federal Reserve for its policy decision on Wednesday. Cues from the Asia-Pacific region were mixed. The S&P/ASX 200 and All Ordinaries were up 0.4 per cent...
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Sensex up 150 pts, Nifty near 19,100; RIL, Airtel lead
30Oct By adminNo Comments
Business

Sensex up 150 pts, Nifty near 19,100; RIL, Airtel lead

Stock market updates on October 30, 2023: Frontline indices were seen trading with a flat bias post early volatility on Monday. Index heavyweight Reliance Industries helped offset losses caused by a fall in auto and financial shares.   After opening with a 100-point gap, the BSE Sensex slipped into red and touched a low of 63,431. The BSE benchmark, thereafter, recouped losses and was seen hovering around its previous day's close at 63,800 levels. The NSE Nifty50 was seen quoting around the 19,050 mark. Among the Sensex 30 shares, Reliance was up over 2 per cent after the firm reported a strong set of earnings over the weekend. Read More Bharti Airtel, UltraTech Cement, Asian Paints and HDFC Bank were few of the other notable movers.   On the o...
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IiAS tells investors to vote against Anant’s appointment on RIL board
10Oct By adminNo Comments
Business

IiAS tells investors to vote against Anant’s appointment on RIL board

Proxy advisory firm IiAS has recommended that institutional investors should vote against the appointment of Anant Ambani on Reliance Industries’ (RIL’s) board, stating his age as the reason. The firm has, however, given its green light to the appointment of Anant’s elder siblings — Akash and Isha. In its recommendation note, IiAS said, “At 28 years of age, his appointment as a non-executive, non-independent director does not align with our voting guidelines.” Ambani’s two elder children — Akash and Isha — are 31 years of age. According to IiAS voting guidelines, it will recommend voting for the appointment of any director (among other criteria) unless the director lacks adequate experience. That is, less than 10 years of relevant work experience or is less tha...
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Isha, Akash, and Anant Ambani to be on board
28Aug By adminNo Comments
Business

Isha, Akash, and Anant Ambani to be on board

Oil-to-telecom conglomerate Reliance Industries Ltd (RIL) on Monday announced the induction of the third generation of the Ambani family as directors on the company’s board, viewed as the start of a succession.   Speaking at the company’s annual shareholders’ meeting, Mukesh Ambani told shareholders he would remain chairman and managing director (CMD) for five more years, and mentor the three to-be-appointed directors of the board.   Regarding its board, RIL announced two key developments: First, Isha, Akash and Anant Ambani’s appointments were approved by the board of directors in a meeting earlier in the day (this will be effective following the approval from the shareholders). Second, Nita Ambani stepped down as director from the board, but wou...
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Stocks to Watch: Yatharth, RIL, PolicyBazaar, Tata Motors, BoB, Delhivery, and Others
7Aug By adminNo Comments
Business

Stocks to Watch: Yatharth, RIL, PolicyBazaar, Tata Motors, BoB, Delhivery, and Others

Last Updated: August 07, 2023, 08:29 ISTStocks to Watch on August 7: Nifty futures traded 8.5 points, or 0.04 per cent, higher at 19,597, signaling that Dalal Street was headed for a positive start on Monday. Here’s a slew of stocks that will be in focus today for various reasons.Yatharth Hospital & Trauma Care: The company’s Rs 687 crore IPO was subscribed 36.2 times, with strong demand from all segments, led by Qualified Institutional Investors. The Grey Market Premium (GMP) indicates a likely 20 per cent listing gain for the stock.Earnings Watch: Balmer Lawrie, Barbeque Nation, Bayer Cropscience, Emami, GHCL, GIC Housing, Gland Pharma, GNFC, Godrej Consumer Products, HLE Glascoat, India Cements, Jubilant Industries, Krishna Institute of Medical Sciences, Lloyds Steel, Max Healthcar...
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World entering a highly disruptive green energy era, says Mukesh Ambani
6Aug By adminNo Comments
Business

World entering a highly disruptive green energy era, says Mukesh Ambani

Reliance Industries (RIL’s) annual report released on Sunday highlighted the company’s focus on new energy solutions, with Chairman and Managing Director (MD) Mukesh Ambani stating that the age of fossil fuels will not conti­nue much longer. RIL has sought shareholders’ approval to give Ambani another five-year term as MD till 2029 at nil salary. The recently demerged Jio Financial Services, which “will leverage the prowess of digital and retail businesses”, was expected to be listed soon.  Reliance Jio has received a $2.2 billion fund support from Swedish Export Credit Agency (EKN) to finance equipment for the 5G rollout, according to the report. The company has largely procured telecom gears from Swedish firm Ericsson and Finnish company Nokia to deploy its 5G netwo...
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Stocks to Watch: Tech M, RVNL, RIL, Axis Bank, RBL Bank, Nestle India, and Others
27Jul By adminNo Comments
Business

Stocks to Watch: Tech M, RVNL, RIL, Axis Bank, RBL Bank, Nestle India, and Others

Stocks to Watch on July 27: Nifty futures traded 0.5 points, or 0.00 per cent, higher at 19,984.50, signaling that Dalal Street was headed for a muted start on Thursday. Here’s a slew of stocks that will be in focus today for various reasons.Q1 results today: Nestle India, ACC, Bajaj Finserv, Indian Hotels, Indian Bank, Indus Towers, Ajanta Pharma, Arvind, Astec Lifesciences, Bharat Electronics, Birlasoft, Dr Lal PathLabs, Laurus Labs, Macrotech Developers, RailTel and Ujjivan Small, among othersAMCs/RIL: BlackRock, the world’s largest asset manager, has joined forces with Mukesh Ambani-led Jio Financial Services (JFS) for a foray into India’s asset management space. The move will mark the US-based investment manager’s re-entry into the domestic market. It will also provide the recently h...
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Reliance: Reliance starts special trading session to set Jio Financial price
20Jul By adminNo Comments
Business

Reliance: Reliance starts special trading session to set Jio Financial price

BENGALURU: Shares of India's Reliance Industries started trading on Thursday in a special session aimed at determining the share value of Jio Financial Services, its demerged financial services unit.Reliance's stock had closed at Rs 2,841.85 on Wednesday.India's two main stock exchanges are holding a "pre-open call auction" session for Reliance between 9:00 am to 10.00am IST.A share price for Reliance Strategic Investments, which will be renamed Jio Financial Services (JFS), will be determined by calculating the difference between Reliance's last close and the stock's settling price at the end of the special session.Analysts have estimated JFS will be valued at between Rs 160 rupees and Rs 190 per share.Reliance's shares will trade at the new price after the special session on Thursday.JF...
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