Page 4 - Ril

Jio Financial Services becomes India's most valued NBFC behind Bajaj twins

RIL's shares last closed at Rs 2,623, making it the country's most-valued firm at Rs 17.74 trillion

BharatBenz, RIL showcase hydrogen powered intercity luxury concept coach

BharatBenz in collaboration with Reliance Industries on Wednesday showcased India's first intercity luxury concept coach powered by Hydrogen fuel cell technology. Unveiled at the 4th Energy Transitions Working Group meeting under India's G20 Presidency at Goa, being held between 19-22 July, the concept coach will be used to conduct an advanced engineering study to explore the viability of hydrogen fuel cell as a propulsion alternative for the future, according to a statement. The hydrogen fuel cell propulsion technology used on a customized BharatBenz coach chassis is developed indigenously by Reliance Industries and is being engineered to offer a range of approximately 400 km, it said. This study will also help understand how viable is H2 fuel cell technology for inter-city travel, according to the statement. The G20 Energy Transitions Working Group was established to address the global challenges of energy transition and sustainability, brings together representatives from G20 ..

Creditors approve Reliance Capital infusing Rs 200 cr in insurance arm

Profit-making unit of bankrupt firm has said the capital infusion will increase regulatory comfort

All eyes on Jio Fin price discovery, special session by bourses on Thursday

Street estimates range from Rs 150-240 per share for RIL's financial services arm

At Rs 19.1 trillion m-cap, RIL creates record; shares touch lifetime high

Shares rise nearly 1% to end at Rs 2,822; from a low of Rs 2,201 in 2023, RIL's stock has added over 28%; gains come ahead of demerger with its financial services arm JioFin

NCLAT reserves order asking RIL to get nod for transferring RPPMSL's assets

The National Company Law Appellate Tribunal (NCLAT) on Friday set aside the order of NCLT, which had directed RIL to get stakeholders' consent for the transfer of the Digital EPC Company on a going concern basis from RPPMSL into the company. The NCLAT said the transfer of Digital EPC Undertaking from the wholly-owned subsidiary RPPMSL (of RIL) into the parent/transferee company RIL by way of the demerger is akin to the merger of the wholly-owned subsidiary with the parent company RIL. "We set aside the Impugned Order dated 11.5.2023 and direct that the convening and holding of meetings of Equity Shareholders, Secured and Unsecured Creditors of the Appellant Company RIL is dispensed with and further consent affidavits of 90% of the total value of shareholders and secured creditors and all unsecured creditors will not be necessary at this stage," said NCLAT. It further said: "The appeal is allowed and disposed of accordingly". The Mumbai bench of the National Company Law Tribunal (NC

RIL hits 13-month high on retail buyback, demerger of finance unit

Stock rallies 3.8 per cent to finish at Rs 2,735; m-cap tops 18.5 trillion again

Musk eager to bring Starlink to India, but faces resistance from Ambani

Following a meeting with Indian Prime Minister Narendra Modi in the U.S. on Tuesday, Musk said he was keen to launch Starlink in India which "can be incredibly helpful" in remote villages

Clean energy a $2 trillion opportunity for RIL: Bernstein report

RIL could potentially achieve around $10 billion of revenue from new energy business in 2030

Reliance may earn $10-15 bn revenue from new energy biz by 2030: Bernstein

Reliance has committed to being net zero by 2035, which is earlier than any other energy company in the region

RIL lags as markets near new highs; investors fret over rising debt

Most analysts expect RIL's capex to remain high in 2023-24 as well, by virtue of the roll-out of the 5G network and the continued expansion of its offline and online retail footprint

Top headlines: HC upholds verdict favouring RIL, Go First insolvency & more

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HC upholds tribunal verdict favouring Reliance Industries in gas sale case

Reliance had been accused of 'unjust enrichment of over $1.5 billion' in Bay of Bengal

RIL gets nod from shareholders, creditors to demerge financial services arm

RSIL will be renamed Jio Financial Services Ltd (JFSL) and RIL shareholders will receive one share of JFSL for each share they own

RIL-bp sets $11 per mmBtu as opening price for gas auction from KG-D6 block

Reliance Industries Ltd and its partner bp of the UK have offered for auction 6 million standard cubic metres per day of more gas from their KG-D6 block as the partners bring the deepest field in the block to production. The two partners will on May 19 e-auction 6 mmscmd of gas, whose supplies will start from June 1, according to a tender document. Bidders have been asked to quote a variable 'v' over and above the JKM price, the spot market benchmark for liquefied natural gas (LNG) delivered to Japan and South Korea. The starting bid price is V = USD -0.06 (minus 0.06) per mmBtu. "Each Bidder is required to enter bids that are higher than or equal to the starting bid price," the tender document said, adding the maximum value of 'v' that would be accepted will be USD 0.75 per mmBtu. The JKM price is around USD 11.5 per million British thermal units at present. And the start price of the auction translates into a gas price of USD 11.44 per mmBtu and at the ceiling, it would result in

InGovern recommends shareholders vote 'for' RIL-Jio Financial spinoff

One big benefit will be unlocking of treasury shares of RIL, says proxy advisory firm

Reliance Industries withdraws proposal to merge subsidiary RNEL with itself

RNEL will undertake the conglomerate's new energy/renewable energy business

Top Headlines: RIL logs highest ever profit, Pichai's pay soars and more

Business Standard brings you top headlines at this hour

RIL net profit rises 19% to Rs 19,299 crore in Q4 to highest ever

Lower raw material costs and decline in tax expenses boost earnings

Stocks to Watch: SBI, ICICI Lombard, ONGC, Reliance, Oil India, Zydus Life

Stocks to Watch: ICICI Lombard General Insurance reported a 39.6 per cent surge in net profit in the January-March quarter (Q4) of FY23