Page 3 - Reliance Industries

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

Mcap of 6 of top-10 most-valued firms erodes Rs 1.55 trn; RIL top laggard

The combined market valuation of six of the top-10 most-valued firms eroded Rs 1,55,721.12 crore last week, with Reliance Industries emerging as the biggest laggard, in line with an overall weak trend in equities. Last week, the BSE benchmark declined 237.8 points, or 0.29 per cent. While Reliance Industries, Bharti Airtel, ICICI Bank, ITC, Hindustan Unilever and Life Insurance Corporation of India (LIC) suffered erosion in their market valuation, Tata Consultancy Services (TCS), HDFC Bank, Infosys, and the State Bank of India were the gainers. The valuation of Reliance Industries fell Rs 74,563.37 crore to Rs 17,37,556.68 crore. Bharti Airtel's valuation dropped Rs 26,274.75 crore to Rs 8,94,024.60 crore. The market valuation of ICICI Bank slumped Rs 22,254.79 crore to Rs 8,88,432.06 crore and that of ITC tanked Rs 15,449.47 crore to Rs 5,98,213.49 crore. LIC's market capitalisation (mcap) declined Rs 9,930.25 crore to Rs 5,78,579.16 crore and that of Hindustan Unilever went low

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.

After cola play, Reliance Consumer takes trade margin fight to snacks

Reliance Consumer announced its entry into the fast-moving consumer market in 2022

Reliance-Disney joint venture deal gets European Commission approval

The merger between RIL's Viacom18 and Disney's Star India is anticipated to conclude by early November, pending the final approvals from CCI, NCLT and the Broadcasting Ministry

From Reliance to Unilever, firms worried about low consumer demand in India

At least 7 of India's largest companies, including RIL's retail arm and consumer bellwether Hindustan Unilever Ltd., have flagged softer consumption demand and a challenging operating environment

Zhang Yiming tops China's rich list, but Mukesh Ambani still leads Asia

India is riding high, adding more billionaires than ever and outpacing China's wealth growth

Ambani's Reliance plays catch-up to ride quick commerce wave in country

Reliance plans to leverage its 3,000 supermarkets in 1,150 cities for quick deliveries by deploying small teams operating from dedicated kiosks inside

Jio Hotstar domain: Website acquired by new owners; it's not Reliance

The website first went viral when a Delhi-based techie registered the domain in 2023, hoping to get Reliance to fund his higher studies in exchange for the domain

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

No proposal from RIL, says techie who is ready to sell JioHotstar domain

The anonymous techie, who has registered the JioHotstar domain, is willing to sell it to Reliance Industries at one-tenth of the original asking price but is yet to receive any proposal from billionaire Mukesh Ambani-led conglomerate. The Delhi-based app developer -- who has been grabbing social media attention for his unique demand to fund his higher studies by selling the JioHotstar domain, following the merger deal of media assets of Reliance and India business of Walt Disney -- wants to avoid a legal battle with the corporate giant and hopes that a compassionate stand would be taken. In a response to PTI query on mail @Jiohotstar, the ID mentioned on the viral post, the anonymous techie said: "I haven't received any reply and proposal from reliance". "I don't think they intend to pay in my case as well. I would be extremely happy if they do," he said in the reply. Several legal experts have contended that he has a "winnable case" and there is a fair chance that there can be eve

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

India to lead AI age, says Mukesh Ambani as Nvidia launches Hindi model

Ambani highlighted that aside from the US and China, India boasts the best digital connectivity, adding that Jio has become the largest data company globally

Disney Hotstar head Sajith Sivanandan quits after merger with Reliance

After the merger, Disney and Reliance will together have more than 100 TV channels and two streaming apps

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

L&T's first electrolyser factory to start commercial operations soon

L&T is developing these electrolysers in partnership with French company McPhy and has set up this factory at its Hazira facility