Seven of top 10 firms add Rs 1.42 trillion in m-cap; RIL best performer
NEW DELHI: Seven of the 10 most valued Indian firms together added Rs 1.42 trillion in market valuation last week, propelled by a broad rally in the equity markets amid the ruling BJP’s emphatic victory in the general elections. The 30-share BSE Sensex touched its lifetime (intra-day) high of 40,124.96 on Thursday, the day election […]
RIL topples IOC to become the biggest Indian company in revenue terms
NEW DELHI: Richest Indian Mukesh Ambani’s oil-to-telecom conglomerate Reliance Industries Limited (RIL) has toppled state-owned Indian Oil Corp (IOC) to become the country’s biggest company by revenue. Reliance in the 2018-19 fiscal year that ended March 31, reported a turnover of Rs 6.23 trillion. In comparison, IOC posted a turnover of Rs 6.17 trillion for […]
Where politicians invest: Mutual funds, RIL, and even Kingfisher Airlines
NEW DELHI: Fixed deposits and tax-free bonds seem to be among the most favoured financial investments for the political leaders fighting the Lok Sabha polls, while mutual funds and stocks also adorn the portfolios of many and some even have got shares of long-defunct firms like Kingfisher Airlines. Shares of Mukesh Ambani-led Reliance Industries Ltd […]
RIL Q4 profit up 9.8% y-o-y at Rs 10,362 crore, Jio FY19 net at Rs 2,964 crore
NEW DELHI: Reliance Industries on Thursday reported a record net profit of Rs 10,362 crore in the March quarter as robust revenue from retail and telecom businesses offset weaknesses in the core oil refining and petrochemical segment. Its net profit in January-March, at Rs 10,362 crore, or Rs 17.5 a share, was 9.8 per cent […]
Competition Commission clears RIL’s stake purchase in Den Networks, Hathway
NEW DELHI: The Competition Commission of India (CCI) has given go-ahead to Mukesh Ambani-led Reliance Industries Ltd (RIL) to acquire majority stakes in DEN Networks and Hathway Cable & Datacom for a total of Rs 5,230 crore. RIL earlier said it will acquire 66 per cent stake in DEN Networks for Rs 2,290 crore and […]
RIL becoming consumer giant like Alibaba, may rival Amazon, Walmart: Study
NEW DELHI: Oil-to-telecom conglomerate Reliance Industries is evolving from an integrated energy company into a consumer giant like China’s Alibaba and potentially could rival likes of Amazon and Walmart, says a report on Thursday. India’s No1 oil refining and petrochemical company plans to roll out its online shopping platform that will combine its retail arm’s […]
RIL to invest Rs 3 lakh crore in Gujarat in next 10 years : Mukesh Ambani
NEW DELHI: India’s richest person Mukesh Ambani today committed to invest Rs 3 lakh crore in various projects in the next 10 years in Gujarat, ranging from energy and petrochemical to new technology and digital business. Reliance Industries Limited (RIL) operates the world’s largest oil refining complex at Jamnagar in Gujarat as well as petrochemical […]
Reliance Industries 1st private firm to post Rs 10, 000 crore quarterly profit
NEW DELHI:Reliance Industries Ltd (RIL) on Thursday became the first Indian private sector company to report a quarterly profit of more than Rs 10,000 crore after record earnings from petrochemical, retail and telecom business offset a dip in refinery margins. The oil-to-telecom conglomerate reported an 8.8 per cent rise in its consolidated net profit to […]
Five of top-10 Indian firms add Rs 26,157 crore in m-cap, RIL top gainer
NEW DELHI: Five of the 10 most valued Indian companies together added Rs 26,157.12 crore in market capitalisation last week, with Reliance Industries (RIL) emerging as the top gainer. The gainers list also included HDFC Bank, HUL, ICICI Bank and Maruti Suzuki India, while ITC, HDFC, Infosys and State Bank of India (SBI) suffered losses […]
Sensex plummets 464 points on liquidity concerns; RIL, NBFCs drag
NEW DELHI: Market benchmark BSE Sensex plunged by 464 points or 1.33 per cent to close at 34,315.63 points due to losses in index major Reliance Industries, HDFC and Infosys. The broader NSE Nifty too fell over 150 points to crack below the 10,400-mark as financials, IT and energy stocks declined. Sentiments also took a […]