Investment will help RIL pare debt, improve valuation
In the past one month, RIL has rallied 42 per cent, as compared to a 18.6 per cent rise in the benchmark index till Thursday.
Focus shifts from Aramco to Jio Platforms deal to achieve the goal ahead of the March 2021 deadline
The company looks to raise Rs 53,125 crore through this rights issue, which will be the first by RIL in three decades
US tech giant Facebook would invest Rs 43,547 crore ($5.7 billion) in the company's wholly-owned subsidiary Jio Platforms to expand its presence in India.
Bleak demand outlook in the domestic as well as global market is another reason Tata Steel may be looking to have additional liquidity as margins are expected to take a hit in the coming quarters
RIL will consider fundraising by issuing listed, secured/unsecured and redeemable non-convertible debentures on a private placement basis
Bearish market trend, Coronavirus impact amid crude oil crash have hurt investor sentiments
RIL had hit a 52-week low of Rs 1,094.95 on Monday (March 9) owing to crash in crude oil prices after Saudi Arabia and Russia triggered a price war.
Earnings per share (EPS) stood at Rs 18.4, up 6.1 per cent YoY.
The Delhi high court ordered RIL and BG Exploration and Production India Ltd, a unit of Shell India, to disclose their assets after the Centre sought to restrain the companies from disposing them
In a counter affidavit, it said it was a 'falsehood' that the arbitration tribunal had passed an award requiring the company and its partners to pay $3.5 billion to the government
On Tuesday, RIL became the first Indian company to cross the m-cap of Rs 9.50 trillion.
This is a sequel to Friday's announcement from RIL on a structure to make Jio debt-free. This is seen as a move towards a likely listing of the latter's shares
Tax cut helps, but India Inc's revenue growth falters
It pegged volume growth for high speed diesel (HSD) at 14-15 per cent and for petrol at 17 per cent YoY
The additional stake was acquired by Reliance Services and Holdings (controlled by Petroleum Trust
This discovered price would, however, be capped by a ceiling set by the government every six months for gas produced from difficult fields
Here's a look at the top counters that are likely to trade actively in today's session.
RIL's gross refining margins have been under pressure for the last few quarters