Jul 03, 2022 12:01 PM IST

Windfall tax to help recoup most of Rs 1 lakh crore revenue lost in excise cut

India on July 1 joined a select league of nations globally that have taxed windfall gains accruing to oil companies from soaring energy prices.

Windfall tax: Morgan Stanley says ONGC to be bruised but RIL is better placed

Morgan Stanley said higher cess on domestic crude production of ONGC and Oil India (OIL) was a negative surprise and should imply downside risks for the sector multiple over the medium term.

Refining and oil drilling shares hit the skids after government govt levies tax on crude production, fuel exports

The government decision led to a bloodbath in the petroleum block on Dalal Street

Indian telcos' 5G bids seen muted as private firms jostle for airwaves: sources

Top player Reliance Industries' Jio and rivals Bharti Airtel and Vodafone Idea have failed to lobby New Delhi to stop the allocation that will let various enterprises, including Amazon.com and Tata Consultancy Services, to get airwaves without auction.

Bernstein bumps up Reliance stock target price, forecasts 34% upside

The research house increased its stock target price to Rs 3,360 from Rs 2,830, maintaining ‘outperform’ rating

Jefferies keeps 'buy' tag on Reliance shares with 16% upside potential, earnings upgrade

According to Jefferies, multi year-low inventories, declining Russian exports, muted Chinese exports, lower diesel production in Europe and delays in commissioning of ME refineries are tailwinds to refining margins in CY22.

Reliance rises as JPMorgan bumps up rating and target

The share touched a 52-week high of Rs 2,855 and a 52-week low of Rs 2,016.60 on 29 April 2022 and 28 July 2021 respectively.

Govt mulls appeal against English court order in RIL-BGEPL, pursue execution of $3.85 billion award

On June 9, the government of India lost its appeal in The English Commercial Court which gave the $111 million arbitration award in favour of the two companies.

Apollo, Reliance are said to make binding offer for Boots

The move could put Apollo and Reliance in pole position to buy Boots, after rival suitors started having second thoughts.

Trade Spotlight | What should you do with Raymond, RIL, Century Textiles on Friday?

On June 2, Century Textiles is not only cleared the resistance of 200 days simple moving average (SMA), but successfully closed above the same. It also formed long bullish candle which supported further uptrend from the current levels.

Hot Stocks | Reliance Industries, M&M, Bharat Electronics can give 11-19% return in short term, here's why

For Nifty, the immediate resistance is at 16,700 and 16,975 followed by 17,132. The downside support is at 16,370, 16,000 and 15,671 levels

Reliance to acquire dozens of brands in $6.5 billion consumer goods play: Report

Reliance is in final stages of negotiations with around 30 popular niche local consumer brands to fully acquire them

What should investors do with RIL after earnings; buy, sell or hold?

Consolidated revenue from operations surged 36.8 percent year-on-year to Rs 2.1 lakh crore for the March quarter.

Reliance Consolidated March 2022 Net Sales at Rs 211,887.00 crore, up 36.79% Y-o-Y

Reliance Standalone March 2022 Net Sales at Rs 133,991.00 crore, up 55.85% Y-o-Y

Reliance Industries: Operating leverage in digital services lifts Q4FY22

RIL’s retail business posted its best ever quarterly revenues, Jio’s Ebitda margin was at an all-time high and its oil to chemicals segment also performed well

Hot Stocks | Godrej Agrovet, RIL, CRISIL can give 13-18% returns in short term, here's why

With regards to benchmark indices, we expect Nifty to continue trading in the range of 16,800-17,450 and only a break on either side will lead to a directional move, said Malay Thakkar of GEPL Capital

Trade Spotlight | What should you do with Reliance Industries, Persistent Systems, TTK Prestige on Friday?

Unless TTK Prestige is trading below Rs 815 or 50 day SMA, positional traders can retain an optimistic stance and look for a target of Rs 900-925. Fresh buying can be considered now and on dips if any between Rs 860 and Rs 845 levels with a stop-loss below Rs 815.

Moneycontrol Selects: Top stories this evening

Our specially curated package of the most interesting articles of the day will help you stay at the top of your game.

NCLT to hear Bank of India’s plea to admit Future Retail under insolvency on May 12

Bank of India on April 14 had filed insolvency proceedings against Future Retail for non-payment of dues

India's most valued firm Reliance crosses $250 billion m-cap for first time, widening gap with TCS

The current gulf between Reliance and TCS stretches more than Rs 6 lakh crore. Such a widen gap was last seen on September 11, 2020

Moneycontrol Selects: Top stories this evening

Our specially curated package of the most interesting articles of the day will help you stay at the top of your game.

Citi upgrades RIL to 'buy' on refining margin boost, raises target price to Rs 3,170 a share

While a large share of its earnings continuing to be derived from its downstream refining and petrochemicals businesses, the consumer businesses of telecom and retail have now become very meaningful drivers of both earnings and value

Hot Stocks | Buy RIL, Gujarat Alkalies and Deepak Fertilizers for double-digit returns in short term, here's why

Overall, the market is in a sideways mode, we feel that the Nifty will move in range of 17,185–17,842 in the coming days, said Vidnyan Sawant of GEPL Capital

Reliance, Amazon, Sony vying broadcast rights for IPL: Report

Securing rights to the world’s third-largest sporting event by number of viewers -- IPL is considered the Super Bowl of cricket -- means access to hundreds of millions of eyeballs.