Reliance Industry

RIL's earnings parity expected by FY22 in consumer, core business

This contributed a little less than 60% of Ebitda; analysts have also been changing their earnings estimates positively for the consumer business

Reliance to venture in e-commerce with Jio Mart, initial roll-out in Mumbai

A dedicated mobile application for Jio Mart is expected to be launched in the coming weeks, which will also be integrated with My Jio and Jio Money applications,

RIL has more legs to run, even after hitting Rs 10 trillion in market cap

RIL stock valuations may surge 29% from current level; brokerages bet big on refinery business, Reliance Jio

Reliance likely to make bid for RCom and its related companies today

Bharti Airtel also likely to reconsider its decision and bid

RIL crosses Rs 1,500; up 35% in 2019. Charts show Rs 1,760 is in the offing

A decisive close above Rs 1,400 triggered short-covering, resulting in the new up move. That apart, a "flag pattern" with a breakout suggests Rs 1,420 and Rs 1,450 will act as an immediate support

Reliance Capital shareholding in RGIC transferred to IDBI Trustee Services

Meanwhile in another filing, Reliance Capital said interest and principal obligations in regards NCD due on Monday has been delayed

Moody's affirms Reliance Industries' rating with a stable outlook

The rating reflects significant improvement in RIL's scale and business mix over the past two years

After Jio's 4G and optical fibre, RIL to build $24 bn e-commerce giant

A series of capital transfers would make Jio, which already has capital of 650 billion rupees, almost debt free by March 2020, the parent said on October 25

RIL new digital biz to make platform apps attractive to investors: Analysts

RIL's restructuring of telecom/ digital business raises focus on asset monetisation and debt reduction, says Morgan Stanley

RIL's diesel, petrol volumes grow in double digits despite slowdown

It pegged volume growth for high speed diesel (HSD) at 14-15 per cent and for petrol at 17 per cent YoY

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

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

Notes from RIL results

Its stock price has fallen and most brokerages have cut price targets. PSUs could get hit even harder by disappointed investors

Journey of Reliance Jio: From disrupting telecom to becoming the king

The youngest operator took 3 years to claim the top spot, changing the industry in the process

RIL overtakes IOC as highest ranked Indian company on Fortune 500 list

Mukesh Ambani-led Reliance Industries has jumped 42 places to become the highest-ranking Indian firm on the Fortune Global 500 list. State-owned Indian Oil Corp (IOC) had been the top-ranked Indian company on the list and was first on the Fortune India 500 list which was started in 2010. "This year, ranked 106, Reliance Industries (RIL) has replaced IOC (117) as the top-ranked Indian company on the Global 500 list," Fortune said. RIL's revenue soared 32.1 per cent from USD 62.3 billion in 2018 to USD 82.3 billion in 2019. In comparison, IOC clocked a 17.7 per cent growth in revenue from USD 65.9 billion to USD 77.6 billion. "Over the past 10 years, RIL's revenue rose at a compounded annual growth rate of 7.2 per cent from USD 41.1 billion in 2010, while that of IOC rose at 3.64 per cent from USD 54.3 billion in 2010," it said. Besides, RIL and IOC, Oil & Natural Gas Corp (ONGC), State Bank of India (SBI), Tata Motors, Bharat Petroleum Petroleum Corp Ltd (BPCL) and Rajesh Exports .

Reliance says its main gas fields in KG-D6 block in late life stage

The company, beginning mid-2020, will bring to production three sets of new discoveries in the block that will reverse the years of decline in production

Mukesh Ambani caps his annual salary at Rs 15 cr for eleventh year in a row

Ambani has kept salary, perquisites, allowances and commission together at Rs 15 crore since 2008-09, forgoing over Rs 24 crore per annum