Page 3 - Reliance Industries Ltd News

Reliance's O2C business likely to face pressure for rest of FY25: Analysts

Challenges in retail and refining remain key to reversing downgrade cycle, say analysts

Elon Musk takes on Ambani over satellite spectrum allocation in India

The disagreement centres around whether satellite broadband spectrum should be auctioned or administratively allocated in India

How to trade RIL stock post Q2 results? All eyes on this long-term MA

As traders await bonus share record date announcement; technical chart shows that Reliance stock has strong support at Rs 2,640 its 20-MMA - a key moving average the stock has held since June 2023.

Reliance eyes completing merger with Disney's India business in Q3

The merger of media assets of Reliance Industries and the India business of global media house the Walt Disney is expected to be complete by the end of the third quarter of this fiscal, according to a regulatory filing by billionaire Mukesh Ambani-led group. The fair trade regulator CCI has already approved the merger of Viacom 18 and Star India and NCLT (National Company Law Tribunal) has sanctioned the scheme regarding it. "The companies are in the process of obtaining other requisite approvals for the completion of the transaction and transaction closer is expected in 3Q FY 25," informed Reliance Industries on Monday in its quarter earning statement. The merger of Reliance group-controlled media assets - TV18 Broadcast and E18 - with Network18 Media & Investments has already been sanctioned by the NCLT and was made effective on October 3, it said. Earlier on September 27, the government approved the transfer of licenses relating to Non News & Current Affairs TV channels ...

RIL Q2 results: Net profit slips 5% to Rs 16,563 crore on weak fuel biz

This is the third consecutive quarter the company has reported a decline in profits owing to weakness in its oil-to-chemicals (O2C) business. RIL's Q2 profits also missed street estimates

Satellite spectrum battle: Ambani calls for auction; Musk backs allocation

While Starlink and Amazon's Project Kuiper are batting for administrative allocation of satellite spectrum, Reliance Industries argues that auctions are necessary to ensure a fair playing field

After Saregama, report claims Reliance eyeing stake in Dharma Productions

Karan Johar has been seeking to monetise his stake in Dharma Productions for a while, but previous deals failed due to differences over valuation

Q2 result preview: O2C business may drag RIL to another weak quarter

May be partially offset by strong performance in telecom, retail

FIIs unwind Nifty longs, add shorts in Bank Nifty; Experts see more pain

Derivatives market update for Oct 04: Data shows Balrampur Chini, Dabur, Bata India, Reliance, Axis Bank and Manappuram Finance are few of the F&O stocks that saw short build-up on Thursday.

Investors lose Rs 10 trillion in the worst stock market crash since Aug 5

Amid an ongoing bloodbath at the Dalal-street on Thursday, investors lost a total of Rs 9.91 trillion in market capitalisation on the Bombay Stock Exchange (BSE) as of 3:20 PM

Life comes back full circle for RIL stock in Navratri 2024; here's how

Reliance Industries stock traded below the 200-DMA in Navratri 2023, and has now once again slipped below the key long-term moving average after almost a year. Check key support levels for RIL here.

BP to continue with Ambani firm even after exclusivity with Reliance ends

Global supermajor BP Plc's exclusivity with Reliance Industries Ltd has ended but the energy giant will continue to pursue oil and gas as well as mobility ventures in India with the Mukesh Ambani firm owing to an unwritten strategic partnership, BP's outgoing India head Sashi Mukundan said. BP in 2011 spent USD 7.2 billion to acquire 30 per cent interest in 23 oil and gas blocks of Reliance. Eastern offshore KG-D6 block was the cornerstone of the deal that also provided for a 10-year exclusivity period which meant that BP would take up energy projects or investments in India only in partnership with Reliance. The firm has so far invested more than USD 12 billion across the energy value chain including bringing on stream three new deepwater natural gas projects in KG-D6 that account for one-third of India's gas production. "We started working with Reliance as early as 2005 when first (the then BP CEO) Lord John Browne visited India," Mukundan said. It finally fructified in the 2011

Nifty, Bank Nifty PCR turns bearish; Longs added in MidCap; Shorts in RIL

Derivatives market update Oct 01: FIIs continue to hold more than 4 long positions in index futures for every short bet. Proprietary trades hold 5 shorts for every bullish bet in index futures.

Market Crash: Why Sensex fell 1,300 pts, Nifty tested 25,800 intraday today

Stock market crash today: The retreat in the India stock market comes on the back of consecutive fresh highs breached by the benchmarks Sensex and Nifty in the last couple of weeks

RIL shares fall over 3%, end as top Sensex loser as investors book profit

RIL share: A total of 13.82 million RIL shares, valued at over Rs 3,000 crore, traded on both the NSE and BSE today

Reliance Industries secures Centre's approval for transfer of channels

The Competition Commission of India (CCI) approved the Rs 70,350-crore merger between Reliance Industries and Disney's Indian media assets on August 28, 2024

Fire at data centre likely cause of India-wide outage for Jio users: Report

The website also showed that more than half of the affected users were facing issues related to their mobile network, while others had mobile internet and broadband-related complaints

India gets $386 bn funding for RE target; RIL, Adani pledge commitments

India added slightly more than 18 GW of renewable energy capacity in fiscal 2024, compared with 15.3 GW a year earlier, taking its total to 153 GW

Reliance partners with Israeli firm Delta Galil, to rival Page in innerwear

Delta Galil, renowned globally for its premium innerwear brands, will introduce its international portfolio to India, collaborating with Reliance to design and manufacture lingerie products

Here's why Sensex fell 1,000 pts, Nifty slipped below 24,900 intraday today

The index heavyweights that pulled the BSE Sensex down in terms of contribution to the index included SBI, Reliance Industries, HCL Tech, ICICI BANK, Larsen & Toubro, and Infosys fell up to 1 per cent