Page 4 - Reliance Industries Ltd

Former anti-corruption body and tax dept boss, K V Chowdary joins RIL board

In a regulatory filing, Reliance said its Board of Directors in a meeting on Friday appointed Chowdary as an Additional Director - Non Executive

Q2 preview: Refining margins may pump up Reliance Industries earnings

Analysts expect refining to offset weakness in petrochemicals (petchem) and a lower tax rate benefit for the retail and telecom businesses

Morgan Stanley remains overweight on RIL, raises earnings forecast by 7%

The brokerage said the company's target of zero net debt by FY2021 will help lower investor concerns about debt, which had increased steadily over the past seven years

Oberoi luxury resort to be named after Mukesh Ambani's son Anant

Oberoi Anantvilas in BKC will be hotel chain's first urban resort

Moody's says Reliance's 20% stake sale to Saudi Aramco credit positive

The company also announced that it has entered into a deal with BP to sell 49 per cent stake in its fuel marketing business in India for $1 billion

Saudi Aramco to acquire 20% stake in RIL's oil-to-chemical business

Partnerships with Aramco, BP will bring in Rs 1.1 trillion; funds to be used to pare debt

RIL likely to report slowest profit growth in 15 quarters, say analysts

The company is also expected to see its slowest profit growth in the last 15 quarters. RIL will report its June 2019 ended quarter results on Friday

Reliance Industries resumes lobbying in US power corridors, hires new firm

Indian corporate giant Reliance Industries Ltd has resumed lobbying among US lawmakers through a new lobbyist for advocating its position on the "US economic trade sanctions policies". Billionaire Mukesh Ambani-led Reliance Industries Ltd (RIL) had earlier terminated its lobbying activity in US in January 2013 after engaging with the US lawmakers for nearly four years for its business activities and other causes through its registered lobbying firm Barbour Griffith & Rogers LLC (BGR) at that time. According to the new 'lobbying report' filings made with the US Senate, RIL has now engaged Eversheds Sutherland (US) LLP, which filed a 'lobbying registration' report on behalf of its client RIL on April 26. According to the filing, the effective date of registration is February 2, 2019. The registration filing has been followed up with the first quarter lobbying report filed by Eversheds Sutherland on behalf of RIL on May 29, 2019. In the filing, the lobbyist has disclosed total income

Competition Commission clears RIL's stake purchase in Den Networks, Hathway

The Competition Commission 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 51.3 per cent in Hathway Cable for Rs 2,940 crore, totalling Rs 5,230 crore. The acquisition will give RIL access to 24 million existing cable-connected homes of these companies across 750 cities, thereby covering around half of its target of connecting 50 million homes across 1,100 Indian cities. In separate tweets on Friday, the Competition Commission of India (CCI) said it approves acquisition of controlling stakes of DEN Networks and Hathway Cable by Reliance Jio, RIL's telecom arm. Through this transaction, Reliance Jio will be strengthening the 27,000 local cable operators (LCOs) that are aligned with DEN and Hathway. RIL will make open offers for DEN and Hathway as well as the GTPL Hathway,

Saudi shows interest in partnering with RIL for investments in oil, telecom

No formal proposal has been made by either side, according to people in the know

Petchem to support RIL earnings; analysts expect refining margins to soften

RIL will announce its financial performance for Q1 on Friday, & the street will look for more details on the rollout and investment of the home-to-fibre, which the company announced earlier this month

RIL, partners put only $82 mn in gas pool account

The govt fixes prices based on a formula linked to key gas markets across the globe

RIL crosses Rs 5 lakh cr market-cap for first time in its trading history

The stock toppled Tata Consultancy Service (TCS) in terms of market-cap, gaining as much as 1.8%

RIL becomes second largest global producer of paraxylene

Company commissioned its last crystallisation train of PX complex at Jamnagar facility today

RJio details, GRMs, capex: What to watch out for in RIL's results today

Reliance Industries is expected to report night straight quarter of PAT growth

RIL closes in on TCS for top m-cap ranking

Together, five gainers of the 10 most valued firms added Rs Rs 39,112.28 crore to their m-cap

RIL earnings to grow at 10.5 per cent, Jio to break-even by 2022: IIFL

IIFL's telecom team expects Jio to ramp up market share and revenues to 22%

Sebi passes Rs 447-cr disgorgement order against Reliance Industries

Bars RIL from F&O segment for a year in case related to short positions in Reliance Petroleum shares

Sebi bans Reliance Industries, 12 others from trading in equity derivatives

Also asks RIL to disgorge Rs 447 cr plus interest in a 10-yr-old case involving Reliance Petroleum

Penalty to push RIL's oil & gas biz further into loss

RIL's investments in the exploration and production business have so far been unable to make handsome returns for the company