In a statement to exchanges, RIL said it is unable to comment on media speculation and various opportunities are evaluated on ongoing basis
The move could put Apollo and Reliance in pole position to buy Boots, after rival suitors started having second thoughts.
Our specially curated package of the most interesting articles of the day will help you stay at the top of your game.
Ambani who has a net worth of $99.7 billion is placed eighth on the Bloomberg Billionaires Index while Adani with a net worth of $98.7 billion is ranked ninth
In the ranking of top-10 firms, Reliance Industries remained the most valued domestic company, followed by TCS, HDFC Bank, Infosys, HUL, LIC, ICICI Bank, HDFC, SBI and Kotak Mahindra Bank.
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
Indian Accent, Mumbai will have a seating capacity of 80, including 2 private dining rooms styled as a homage to Mumbai's Art Deco movement.
The stock hit a record of Rs 2,757 on BSE, up 1.7 percent intraday
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
Favorable supply-demand balance, new capacity and product diversification are key triggers to watch
Morgan Stanley has upgraded target price to Rs 3,253 a share and reiterated its overweight rating
Future Group, which is on the brink of liquidation, is currently locked in a long-drawn-out legal dispute with Amazon. The dispute comes as the two companies are locked in a bitter feud over the debt-ridden Indian company’s announcement in 2020 to sell its retail, wholesale, warehousing, and logistics businesses to billionaire Mukesh Ambani’s Reliance Industries in a deal worth $3.4 billion.
In the ranking of top-10 firms, RIL maintained its top position, followed by TCS, HDFC Bank, Infosys, ICICI Bank, HUL, SBI, Bajaj Finance, HDFC and Airtel.
"ICICI Bank if it is above Rs 730 that is the level - if we are above that we have to be long and the next target if Rs 1,000 on ICICI Bank.” JC Parets said.
Quarter 4 result season is around the corner and, we believe there will be shrinkage in margins due to rising input cost caused by rising geopolitical tension between Russia and Ukraine.
Shares of Sterling & Wilson corrected more than 35% from its 52-week high in Oct’21 and is trading at a deep discount to RIL’s acquisition price of Rs 375/share. The current valuations are very reasonable from a long-term perspective. Here’s why
Amazon has filed an application for the protection of Future Retail's shops and assets from being taken over during the pendency of the legal dispute between the two parties
The shareholders of Reliance Industries Limited (RIL) have voted in favour to transfer its gasification operations into a wholly owned unit
JioGenNext has come a long way from nurturing 11 startups in the first batch in 2014. RIL’s startup accelerator head Amey Mashelkar thinks the next big step is to help founders scale faster and they are ready for it—with technology and partnerships
The acquisition of the stake is in line with RIL's announcement in October 2021 to acquire a 40% stake in the leading solar engineering, procurement and construction solutions provider
RNEL will buy compulsorily convertible preference shares of the Bengaluru-based company, which Altigreen is an electric vehicle technology and solutions company for commercial last mile transportation through 2-,3-, 4-wheeled vehicles.
Retail and digital assets are moving from strength to strength in terms of capabilities through inorganic forays, indicating that RIL would be in a vantage position to capitalize on new age businesses and normalization of consumption demand in times to come
The success of the IPO is crucial for the government to inch closer to its Rs 1.75-lakh-crore divestment target for 2021-22. So far, only Rs 9,330 crore has been mopped up through PSU stake sale
This acquisition is a part of RIL’s strategy to expand its consumer and hospitality footprint.
Reliance Industries (RIL) has raised $4 billion in the largest ever foreign currency bond issuance from India. The bond issue was subscribed over three times. Watch the video to know the significance of this move, how RIL plans to utilise the funds, segmental distribution of the issue, and more