Reliance Industries

June 01, 2023 03:00 PM IST

Reliance's operating performance to remain resilient: S&P

The rating agency affirmed its 'BBB+' rating - equivalent to the sovereign rating assigned to India - to Reliance (RIL) with a stable outlook, reflecting the view that RIL's cash flows will help it preserve its financial profile, despite elevated investments over the next 24 months.

After Reliance-bp, Nayara Energy sells petrol, diesel at Re 1 less than PSUs

While state-owned Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) continue to hold prices despite a drop in international rates, private fuel retailers have started passing on the benefit to consumers.

ONGC puts a date to start of KG gas, seeks $12 price

Oil and Natural Gas Corporation (ONGC) will produce 0.4 million standard cubic metres per day - a fraction of the planned output from the block that sits next to Reliance Industries' prolific KG-D6 area in the Bay of Bengal, from June 15 and will ramp it up to 1.4 mmscmd by February 5, 2024, according to tender document the firm floated, seeking bids for gas sales.

RIL Chairman Mukesh Ambani joins UN advisory committee for COP28

Ambani, who is steering Reliance's pivot toward renewable energy and diversifying away from its traditional crude oil refining and petrochemicals, is among 31 international experts named on the panel.

Top 10 trading ideas for next 3-4 weeks as bulls take charge of Nifty, 8 weeks on

The 18,050-18,000 level was safeguarded firmly, showcasing the importance of pivotal support and is expected to act as a sheet anchor in the comparable period. On the higher end, 18,400-18,450 is likely to act as the sturdy wall and a decisive breach would only trigger fresh longs in the system in future

Six of top 10 companies take a Rs 70,486-crore hit to market value

While Reliance Industries, TCS, HDFC Bank, ITC, State Bank of India and HDFC were the laggards from the top 10 pack, ICICI Bank, Hindustan Unilever, Infosys and Bharti Airtel were the gainers.

US Ambassador Eric Garcetti's India visit: Engagements with Mukesh Ambani and Shah Rukh Khan, captured in Photos: See pics

Newly appointed US Ambassador to India Eric Garcetti arrives in India. Garcetti was sworn in by US Vice President Kamala Harris as the new US Ambassador to India in March this year. During his trip to Mumbai and Gujarat, Garcetti met Bollywood superstar Shah Rukh Khan, Reliance Industries chairman Mukesh Ambani, visited Sabarmati Ashram in Gujarat and enjoyed IPL match in Ahmedabad.

Jio-bp launches premium diesel at rates less than normal diesel sold by PSUs

The premium diesel is priced at rates lower than normal or additive-free diesel sold by public sector (PSU) competition.

Contrarian calls | Bajaj Auto, UltraTech, CIL catch investor fancy despite analysts stepping up on downgrades

On the other hand, analysts are rooting for Reliance Industries, TCS, HUL, Wipro and Bajaj Finance citing various factors amid a drop in their share prices.

Reliance Industries' capex benefits to flow in FY25, risk-reward attractive: JPMorgan

JPMorgan's target on RIL is Rs 2,960, indicating a 19 percent upside from the current levels

RIL shareholders, creditors approve demerger of financial services arm

The financial services arm will be renamed Jio Financial Services Limited and will be listed on BSE as well as NSE.

Markets take a breather after 8-day rally; all eyes on US Fed interest rate decision

Also, fall in index majors Reliance Industries, Tata Consultancy Services, Infosys and Larsen & Toubro added to the weak trend in equities. The 30-share BSE Sensex declined 161.41 points or 0.26 per cent to settle at 61,193.30. During the day, it tumbled 330.27 points or 0.53 per cent to 61,024.44.

Bet on these 3 stock picks next week as the market momentum picks up

Recently Wipro has seen bullish divergence on a daily scale, the price was making lower lows, but RSI (relative strength index) was making higher lows.

Reliance targeting Jio Financial listing as soon as October

Reliance is holding a meeting of shareholders and creditors on May 2 to vote on the plan to spin off and list the unit, according to an exchange filing in March.

NSE decides to retain demerged entity in index. Move offers a relief to Reliance

A demerged company will be retained in a Nifty index vis-a-vis the earlier practice of excluding it

Reliance Industries Q4 earnings beat estimates: Here's what brokerages say

Reliance Industries Q4 result: Gross revenue from operations of India's most valued company came in at Rs 2.39 lakh crore, registering a year-on-year rise of 2.8 percent.

Eight of top 10 firms lose Rs 1.17 lakh cr in market valuation; Infosys biggest laggard

The market valuation of Infosys plummeted by Rs 66,854.05 crore to Rs 5,09,215 crore. ITC and State Bank of India were the only gainers.

Reliance Industries monitoring OPEC+ supply cut impact on price, demand: CFO

Reliance Industries on April 21 reported 19.1 percent year-on-year (YoY) growth in consolidated profit at Rs 19,299 crore for the quarter ended March of the financial year 2022-23.

Reliance Consolidated March 2023 Net Sales at Rs 216,376.00 crore, up 2.12% Y-o-Y

Reliance Standalone March 2023 Net Sales at Rs 122,133.00 crore, down 8.85% Y-o-Y

Reliance Industries reports strong operating performance in Q4 | Here are key highlights

The country's largest firm by m-cap has registered a 9.9 per cent growth in its consolidated profit at Rs 66,702 crore for financial year ended March 2023.

Reliance Retail Q4: Net profit up 13% at Rs 2,415 crore on highest ever footfalls

Revenue from operations jumped 19.4 per cent YoY from Rs 58,017 crore in the corresponding quarter last year

Reliance runs past the estimates with 19% rise in Q4 net on robust show by all businesses

Reliance Industries Q4 result: The topline and the bottomline were expected to grow in single digits, both sequentially and year on year.

HCL Tech, Reliance Industries, life insurance stocks & more | Market Minutes

In this episode of Market Minutes, Shailaja Mohapatra talks about Tesla dragging Nasdaq lower, why life insurance stocks will be in focus, HCL Tech's Q4 numbers and Reliance Industries' Q4 preview. (With inputs from Sucheta Anchaliya). Also, catch Ravi Singhal of GCL Capital in Voice of the Day segment. Market Minutes is a morning podcast that puts the spotlight on hot stocks, keys data points and developing trends.

RIL may record 17% growth in Q4 operating profit, single-digit rise in topline, bottomline

Analysts will watch out for more clarity on the Rs 75,000-crore investment in the new energy business, growth in retail store additions and pricing in the telecom business