Reliance Industries (RIL) is a Fortune 500 company and the largest private sector corporation in India. With the motto “Growth is Life”, Reliance evolved from being a textiles and polyester company to an integrated player across energy, materials, retail sector, entertainment and digital services. Its operations span from exploration and production of oil and gas to the manufacture of petroleum products, polyester products, polyester intermediates, plastics, polymer intermediates, chemicals, synthetic textiles and fabrics. As per its website, Reliance has generated shareholder value of 32 percent market capitalisation (CAGR) since IPO. It has employee value of 1.8 crore hours in terms of man hours of training imparted and societal value through generation of over 50 lakh indirect employment. It is also the highest payer of customs and excise duty in the private sector. Reliance Jio has 426.2 million subscribers, the conglomerate runs the world's largest refinery at a single location, 1 in every 2 Indians is a consumer of its media content, and it is the first Indian retailer to cross $10 billion in revenue. RIL is also heavily involved in Corporate Social Responsibility (CSR) initiatives in education, health, environment and social development, which forms a sizeable chunk of its community outreach programmes. Nearly 400,000 people benefit from these continuing programmes every month, as per the website. More
India on July 1 joined a select league of nations globally that have taxed windfall gains accruing to oil companies from soaring energy prices.
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.
The government decision led to a bloodbath in the petroleum block on Dalal Street
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.
The research house increased its stock target price to Rs 3,360 from Rs 2,830, maintaining ‘outperform’ rating
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.
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.
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.
The move could put Apollo and Reliance in pole position to buy Boots, after rival suitors started having second thoughts.
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.
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 is in final stages of negotiations with around 30 popular niche local consumer brands to fully acquire them
Consolidated revenue from operations surged 36.8 percent year-on-year to Rs 2.1 lakh crore for the March quarter.
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
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
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.
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Bank of India on April 14 had filed insolvency proceedings against Future Retail for non-payment of dues
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
Our specially curated package of the most interesting articles of the day will help you stay at the top of your game.
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
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
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.