Page 2 - Reliance Industries Ltd News

Reliance, Disney complete merger; form Rs 70,352 crore joint venture

Reliance Industries holds a 16.34 per cent stake in the JV, while its step-down unit Viacom18 holds 46.82 per cent and Disney the rest 36.84 per cent

Value buying? RIL stock rises 2% after a steep fall; CLSA sees 30% upside

The share price of Reliance Industries had cooled-off from its all-time high as a delay in the possible IPOs of Jio and/or Retail led to reduced excitement towards the stock.

RIL to invest Rs 65,000 crore in 500 CBG plants in Andhra Pradesh

Foundation for this maiden biofuel project will be laid on Dec 28, says State minister

Reliance Industries to invest Rs 65,000 crore in Andhra for biogas plants

The Andhra Pradesh government and Reliance Group on Tuesday signed a deal worth Rs 65,000 crore to establish 500 compressed bio-gas (CBG) plants in the state over the next three years. The agreement was inked in the presence of Chief Minister N Chandrababu Naidu, Minister for Energy Gottipati Ravi Kumar, and senior officials from Reliance Group at the state secretariat in Amaravati. Very happy to sign an MoU with Reliance. Highlights of the deal include the establishment of 500 CBG plants in the coming three years, Naidu said in a statement from the Chief Minister's Office (CMO). According to the Chief Minister, the conglomerate will invest Rs 130 crore per CBG plant, creating an estimated 2.5 lakh jobs. Naidu also highlighted that the state stands to gain Rs 57,000 crore over the next 25 years through SGST collections, electricity duty, and other revenue streams arising from this initiative.

Key support for RIL stock stands at this level; here's why

Reliance stock is down nearly 22% from its record high; historically, in the past decade, barring the 50% fall during Covid-19 sell-off, RIL stock has bounced back after a 21% correction.

RIL to invest Rs 65,000 crore in Andhra Pradesh for clean energy project

These projects are estimated to create 250,000 direct and indirect jobs, according to the Andhra Pradesh government

Supreme Court dismisses 1994 Sebi appeal against Ambani's Reliance entities

SC dismisses Sebi's appeal against Reliance Investment Holdings, Mukesh, and Anil Ambani over 1994 takeover norms breach, citing 'inordinate delay' in the regulator's actions

RIL lobbies for India satellite spectrum auction in clash with Starlink

Billionaire Ambani runs India's biggest telecom company, Reliance Jio. Analysts say a spectrum auction, requiring much more investment, would likely deter foreign rivals

Reliance Jio IPO worth $100 bn set for 2025, retail to debut much later

Reliance Jio is set to lock horns with Elon Musk if he launches his Starlink internet service in India

Reliance Ind down 4%, hits over nine-month low; slips 20% from 52-week high

In one month, RIL has underperformed the market by falling 7 per cent, as the company reported muted earnings for the quarter ended September 2024.

Reliance likely to move Dubai crude team to India in global trade rejig

In 2021, Reliance, controlled by billionaire Mukesh Ambani, announced the opening of an office in UAE to trade oil and refined fuels including petrochemicals

JioHotstar domain row: Reliance denies Delhi techie's offer, mulls action

The developer requested £93,345 from Reliance Industries to cover his tuition fees for an Executive MBA programme at the Cambridge, but was denied

Market crash? Nifty can fall another 1,000 points from here, charts suggest

If the Nifty is unable to sustain above 24,500 levels, technically it can then slip to its 200-DMA placed at 23,365 levels, charts suggest.

RIL stock sees 'Death Cross' on charts just days ahead of bonus record date

Reliance could seek support around its 100-WMA in the run-up to the bonus record date; Whereas, PNC Infratech too has witnessed a 'Death Cross' and could slide another 21% from here on.

Global oil volatility, geopolitical tensions drag RIL exports to 5-qtr low

RIL's exports are at a five-quarter low in value terms, and a 15-quarter low as share in O2C revenues

Campa Cola's comeback: How Reliance is shaking up India's drink market

India's $4.6 billion soft drink market has long been dominated by Coca-Cola and PepsiCo, but Reliance's entry is now causing a stir

Musk's win on satellite spectrum raises prospect of price war with Ambani

The Indian government says its decision to allocate spectrum administratively to whoever applies for it is in line with global trends

IMC 2024: Satcom takes centre stage as Sunil Mittal says 'buy spectrum'

No auction of satellite spectrum: Telecom minister

Nifty, Bank Nifty consolidate amid lower volumes; 14 stocks in F&O ban

Derivatives market update Oct 16: Among individual stocks, Deepak Nitrite, PVRInox and HPCL witness fresh long build-up; Cipla and Reliance futures see selling pressure.

Reliance results: Weak O2C, Retail biz to keep shares sideways, say experts

RIL share price: Some brokerages have also cut Reliance Industries (RIL) share price targets, factoring-in the sluggishness seen in oil-to-chemical (O2C) and retail verticals