As RIL aims big, investors have eye on risk
2 years, 3 months ago

As RIL aims big, investors have eye on risk

Live Mint  

Shares of Reliance Industries Ltd fell by 0.8% on Monday, the day the company laid out ambitious growth plans at its 45th annual general meeting. However, it will require rapid investment in 5G infrastructure and given the limited use cases available, the ability to drive adoption will be a key test for RIL," said analysts at HSBC Global Research. RIL’s FY22 annual report states, “This new growth engine holds great promise to outshine all our existing growth engines in just 5-7 years." This could lower RIL’s power costs by about $1.4 billion annually according to our estimate," said analysts at Jefferies India in a 30 August report. “On the one hand, the investment programme would aid growth in the long run and play out constructively; on the other, in the near-term, higher capex could impact free cash flow and return on capital," said Nitin Tiwari, analyst at Yes Securities.

Jio New Energy Capex Ril  rils  aims  plans  investors  capex  big  retail  report  risk  ril  jio  eye  5g  growth  agm

History of this topic

RIL preparing for Jio IPO next year, retail business to go public much later
1 month, 2 weeks ago

RIL preparing for Jio IPO next year, retail business to go public much later

Live Mint  

Reliance Jio IPO: Reliance Industries Ltd aims to list its subsidiary Jio Platforms Ltd, which houses the country’s largest telecom company, in 2025, two people familiar with the development said. Reliance Jio Infocomm Ltd, a fully owned subsidiary of Jio Platforms, houses the group’s telecom services business, offering voice and data services to more than 479 million consumers in the …

RIL AGM: Reliance Industries set to discuss 1:1 bonus shares on September 5
3 months, 3 weeks ago

RIL AGM: Reliance Industries set to discuss 1:1 bonus shares on September 5

India Today  

Reliance Industries Ltd, India’s most valuable company, is set to discuss a 1:1 bonus share issue at its board meeting scheduled for September 5. In an official statement filed with the stock exchange on August 29, RIL confirmed that its Board of Directors would meet to consider recommending the issuance of bonus shares in the ratio of 1:1 to existing …

Reliance AGM: 5 top expectations to watch out for, where to watch
3 months, 3 weeks ago

Reliance AGM: 5 top expectations to watch out for, where to watch

India Today  

Reliance Industries Limited is set to hold its 47th Annual General Meeting on Thursday with all eyes on it as details about a lot of crucial plans are expected to be shared today. The virtual meeting will begin at 2:00 PM and Mukesh Ambani, the Chairman of RIL, will address shareholders and provide updates on several important aspects of the …

Reliance shares can create up to $100 billion wealth, Morgan Stanley predicts. Should you invest?
5 months, 3 weeks ago

Reliance shares can create up to $100 billion wealth, Morgan Stanley predicts. Should you invest?

Hindustan Times  

Morgan Stanley said that Reliance Industries Ltd can add up to $100 billion to it market capitalisation in its fourth monetisation cycle this century as new cash flow streams emerge and valuation multiples catch up. Investments made in new energy, retail expansion to take market share from the unorganised sector, and repurposing of existing energy businesses provide a long runway …

RIL invested ₹45,000 crore in West Bengal, additional Rs. 20,000 crore planned
1 year, 1 month ago

RIL invested ₹45,000 crore in West Bengal, additional Rs. 20,000 crore planned

Live Mint  

Reliance Industries has invested ₹45,000 crore in West Bengal and is further planning to invest additional Rs. 20,000 crore in the next three years, chairman Mukesh Ambani said at the 7th Edition of Bengal Global Business Summit in Kolkata. Ambani further said that Reliance Retail will also expand the number of retail stores from 1000 to 1200 within next two …

Reliance AGM 2023: From financial performance to AI revolution, read full speech
1 year, 3 months ago

Reliance AGM 2023: From financial performance to AI revolution, read full speech

Live Mint  

Reliance AGM 2023: Reliance Industries Limited Chairman Mukesh Ambani on Monday addressed the 46th Annual General Meeting of the company. The inaugural Jio True5G Lab will be located at the Reliance Corporate Park, acting as the nerve centre for shaping India’s 5G future. That’s why I am so proud of our forthcoming joint venture in India with Jio Financial Services, …

Reliance AGM 2023: ‘We are now a new-age tech company’ says RIL chairman
1 year, 3 months ago

Reliance AGM 2023: ‘We are now a new-age tech company’ says RIL chairman

Live Mint  

Reliance AGM 2023: Reliance Industries Limited Chairman Mukesh Ambani on Monday addressed the 46th Annual General Meeting and affirmed that RIL has now become a ‘New Reliance’ which is a new-age technology company with distinctive capabilities. These achievements are a testament to our faith in India to the unlimited India opportunity and to the boundless Indian talent,” RIL Chairman Mukesh …

RIL trades flat ahead of 46th AGM at 2 pm today; Jio Financial surges 5%
1 year, 3 months ago

RIL trades flat ahead of 46th AGM at 2 pm today; Jio Financial surges 5%

Business Standard  

Shares of Reliance Industries Limited were flat at Rs 2,483 apiece on the BSE in Monday's intra-day trade ahead of 46th annual general meeting. As of 10:55 am, shares of JFSL were up 4.7 per cent to Rs 222 apiece on the BSE, while the stock clinched itself as top Nifty50 performer, up 3.7 per cent on the NSE. In …

Reliance share price volatile ahead of 46th AGM
1 year, 3 months ago

Reliance share price volatile ahead of 46th AGM

Live Mint  

Reliance Industries share price opened nominally higher but traded volatile in early deals on Monday ahead of the company's 46th Annual General Meeting. Prashanth Tapse, Senior VP of Research at Mehta Equities underscored that all eyes would be on RIL AGM and its announcement focusing on Jio Financial's future outlook post-demerger and other high hopes on Future Retail IPO, Reliance …

Reliance AGM 2023 today: Top five announcements to watch out for
1 year, 3 months ago

Reliance AGM 2023 today: Top five announcements to watch out for

Live Mint  

Reliance AGM date for the year 2023 has been fixed on 28th August 2023 i.e. In this Reliance AGM 2023, investors and market observers are expecting a slew of announcements, which includes Reliance Jio IPO, Reliance Retail IPO, roll out of Jio 5G, etc. Update about Reliance Jio and Reliance Retail IPO Expecting more updates in regard to value unlocking …

Reliance AGM 2023 today: When, where to watch and what to expect?
1 year, 3 months ago

Reliance AGM 2023 today: When, where to watch and what to expect?

Live Mint  

Reliance Industries Ltd, the billionaire Mukesh Ambani-led energy-to-telecom conglomerate, is set to hold its 46th Annual General Meeting of shareholders today, on August 28, 2023. Reliance AGM 2023 Date: Reliance Industries 46th AGM will be held on Monday, August 28, 2023. Reliance AGM 2023 Time: Reliance Industries had earlier announced that its upcoming AGM will begin at 2 pm on …

Reliance AGM may announce group's plans for businesses
1 year, 3 months ago

Reliance AGM may announce group's plans for businesses

Deccan Chronicle  

Mumbai: Reliance Industries will hold its 46th annual general meeting on Monday, August 28. Analysts are expecting some crucial announcement during the AGM from RIL chairman Mukesh Ambani like initial public offering by Reliance Group's retail and telecommunication businesses as well as an update on the pace and direction of investments in the new energy segment. Last week RIL announced …

Reliance AGM 2023: Date and time, where to watch, what to expect
1 year, 3 months ago

Reliance AGM 2023: Date and time, where to watch, what to expect

Hindustan Times  

Reliance Industries Limited will hold its annual general meeting on Monday i.e August 28, 2023. “Notice calling the 46th Annual General Meeting scheduled to be held in compliance with applicable circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India through video conferencing/other audio visual means on Monday, August 28, 2023, at 2:00 pm …

Reliance AGM 2023 today: Top 5 market expectations
1 year, 3 months ago

Reliance AGM 2023 today: Top 5 market expectations

Live Mint  

Reliance AGM 2023 date has been fixed on 28th August 2023 i.e. According to market experts, after demerger of Jio Financial Services Ltd from RIL, market is expecting some concrete announcement in regard to Future Retail IPO and Reliance Jio IPO. some information in regard to the fundamentals of Jio Financial Services Ltd is also expected in upcoming Reliance AGM …

RIL AGM 2023: Check Date, time, where to watch Reliance 46th AGM
1 year, 4 months ago

RIL AGM 2023: Check Date, time, where to watch Reliance 46th AGM

Live Mint  

Reliance Industries AGM 2023: The billionaire Mukesh Ambani-led Reliance Industries Ltd is set to hold its Annual General Meeting of shareholders on August 28, 2023. Here are key details about Reliance Industries AGM 2023 RIL AGM 2023 Date: Reliance Industries 46th AGM will be held on Monday, August 28, 2023. RIL AGM 2023 Time: Reliance Industries had earlier announced that …

QIA to invest ₹ 8,278 crore in RIL’s retail arm for 0.99%
1 year, 4 months ago

QIA to invest ₹ 8,278 crore in RIL’s retail arm for 0.99%

Live Mint  

NEW DELHI, BENGALURU : Sovereign wealth fund Qatar Investment Authority has agreed to invest ₹8,278 crore into the retail arm of Reliance Industries Ltd, marking a fresh round of investments into Reliance Retail Ventures Ltd after the country’s largest retailer raised ₹47,265 crore in 2021. Between 2020-21, RIL raised ₹47,265 crore by selling a little more than 10% in RRVL …

RIL shares volatile as all eyes on 46th AGM; experts positive on the stock
1 year, 4 months ago

RIL shares volatile as all eyes on 46th AGM; experts positive on the stock

Live Mint  

A day after suffering a loss of 1.50 per cent, shares of Reliance Industries traded volatile in the morning trade on BSE on Tuesday, August 22 as investors fix their eyes on the company's 46th Annual General Meeting on Monday, August 28 at 2:00 pm. Jio Financial Services Limited, formerly known as Reliance Strategic Investments Limited, the demerged financial arm …

RIL to invest ₹ 1.5 tn in green energy business
1 year, 4 months ago

RIL to invest ₹ 1.5 tn in green energy business

Live Mint  

Mumbai: Amid the increasing push for sustainable global practices among large industrial houses, billionaire Mukesh Ambani-led Reliance Industries Ltd said it is committed to double its investment target for green energy to ₹1.5 trillion, as part of the company’s initiatives to expand its renewable energy portfolio. The investment of ₹75,000 crore with a readiness to double investment will further the …

Reliance Industries announces AGM date, record date for final dividend
1 year, 4 months ago

Reliance Industries announces AGM date, record date for final dividend

Live Mint  

Reliance Industries AGM: Sensex heavy weight Reliance Industries Ltd has announced that company's 46th Annual General Meeting would take place on 28th August 2023. Reliance AGM date, time, other details RIL informed Indian stock market exchanges about the 46th AGM date citing, "This is to inform that the Forty-sixth Annual General Meeting of the Members of the Company will be …

Reliance-Jio Financial demerger defies all bets, JFSL valued at ₹261.85/share
1 year, 5 months ago

Reliance-Jio Financial demerger defies all bets, JFSL valued at ₹261.85/share

Hindustan Times  

The Mukesh Ambani-led Reliance Industries Limited on Thursday demerged its financial section Jio Financial Services Limited at a 1:1 ratio. After the special pre-opening session by the National Stock Exchange, RIL was valued at ₹2,580 and JFSL at ₹261.85 per share, much higher than what analysts predicted. Reliance Industries Limited logo On the Bombay Stick Exchange, which also conducted a …

RIL share price hits new 52-week high ahead of Jio Financial Services demerger
1 year, 5 months ago

RIL share price hits new 52-week high ahead of Jio Financial Services demerger

Live Mint  

Reliance Industries shares witnessed minor gains on Wednesday early trade ahead of demerger of Jio Financial Services. The planned demerger of Jio Financial Services had been approved by the National Company Law Tribunal, RIL reported in a BSE filing on July 8th. Last September, RIL stated that its financial services division would be demerged and listed separately on the stock …

RIL shares dip ahead of Q4; key things to watch out for
1 year, 8 months ago

RIL shares dip ahead of Q4; key things to watch out for

Live Mint  

Shares of Mukesh Ambani-led Reliance Industries edged higher in Friday's trade at ₹2353.90 versus the previous day close of ₹2345, but could not sustain the gains and soon turned in the red. The stock has gained 3.16 per cent in the last one month, while on a year-to-date basis RIL shares fell 9.09 per cent. Ahead of Q4 results, RIL …

RIL shares tumble ahead of Q4 earnings. Good buying opportunity?
1 year, 8 months ago

RIL shares tumble ahead of Q4 earnings. Good buying opportunity?

Live Mint  

Shares of Reliance Industries Ltd fell in Thursday's trade ahead of the oil-to-telecom major's March quarter results on Friday, 21 April. Here are 5 things to watch out for in RIL results - Profitability RIL's consolidated PAT is expected to increase by 7 per cent sequentially to ₹16,960 crore due to higher Oil-to-chemicals earnings and decent growth from Jio and …

RIL shares: Why JPMorgan has ’overweight’ stance even as stock at 52-week low
1 year, 9 months ago

RIL shares: Why JPMorgan has ’overweight’ stance even as stock at 52-week low

Live Mint  

In CY23, global brokerage JPMorgan continues to see Reliance Industries Ltd as a relative outperformer in what could be a sluggish earnings environment overall, but see multiple potential catalysts over CY24-25 to help drive absolute outperformance. “We see continued strength in refining business, a likely rebound in Petrochem spreads from decadal low levels from China re-opening, and volume growth in …

RIL to spend Rs 2 L cr on 5G
2 years, 3 months ago

RIL to spend Rs 2 L cr on 5G

Deccan Chronicle  

CHENNAI: Reliance Industries will roll out Jio 5G across key cities by Diwali and make it available in every town of the country by December 2023 by investing Rs 2 lakh crore. While chairman of the group Mukesh Ambani announced the succession plan for its retail, telecom and new energy business, he pushed announcements on their IPO plans to next …

Reliance AGM 2022 Highlights: Jio 5G In Mumbai, Delhi, Kolkata, Other Metros by Diwali; RIL to Set Up New Gigafactory in Power Electronics
2 years, 3 months ago

Reliance AGM 2022 Highlights: Jio 5G In Mumbai, Delhi, Kolkata, Other Metros by Diwali; RIL to Set Up New Gigafactory in Power Electronics

News 18  

RIL AGM 2022 LIVE Updates: Jiomart on WhatsApp to Revolutionise Business, says Reliance The JioMart on WhatsApp experience will revolutionize the way millions of businesses across the country connect with their consumers while bringing unparalleled simplicity and convenience to people’s shopping experience, said Reliance in a press release RIL 45th AGM Live Updates: Mukesh Ambani Sets Big Target Mukesh Ambani: …

RIL AGM 2022: Reliance Plans to Accelerate Rs 75,000-Crore Investment in New Energy, Says Mukesh Ambani
2 years, 3 months ago

RIL AGM 2022: Reliance Plans to Accelerate Rs 75,000-Crore Investment in New Energy, Says Mukesh Ambani

News 18  

RIL AGM 2022: Reliance Industries Chairman Mukesh Ambani on Monday said the company will establish 20 gigawatts of solar energy generation capacity by 2025 and 100 GW by 2030. Addressing the company’s 45th annual general meeting, RIL Chairman Mukesh Ambani said, “Reliance’s captive energy requirement across businesses provides us with a large base-load demand to support our plans to set …

RIL AGM 2022: 5G Roll Out by Diwali; FMCG Business, New Energy Plan, Other Key Announcements
2 years, 3 months ago

RIL AGM 2022: 5G Roll Out by Diwali; FMCG Business, New Energy Plan, Other Key Announcements

News 18  

RIL AGM 2022: Reliance Industries Chairman Mukesh Ambani on Monday said the company has made all-around progress across its businesses and it has become India’s first corporate to cross $100 billion in annual revenues. Addressing the company’s 45th annual general meeting, RIL Chairman Mukesh Ambani said, “I want to announce the next leap forward that Jio is creating in digital …

Reliance AGM 2022: Stocks Recoup Losses Before RIL Shareholders Meet, Up 0.11 Per Cent
2 years, 3 months ago

Reliance AGM 2022: Stocks Recoup Losses Before RIL Shareholders Meet, Up 0.11 Per Cent

ABP News  

Stocks of Reliance Industries on Monday was trading down by 0.07 per cent at Rs 2,616 apiece on the BSE during opening trade. Sensex and Nifty, the two equity benchmarks, declined sharply during early morning trade tracking weak global cues as US Federal Reserve Chair Jerome Powell delivered a stark message on Friday saying that the Fed will likely impose …

Jio 5G launch expected today at Reliance AGM event, JioPhone 5G launch also possible
2 years, 3 months ago

Jio 5G launch expected today at Reliance AGM event, JioPhone 5G launch also possible

India Today  

Mukesh Ambani-led Reliance Industries Limited is holding its 45th Annual General Meeting today, 29th August at 2 PM. At its last AGM in 2021, the company announced its plans for a 5G network and an affordable 5G phone in India. What to expect at RIL AGM 2022 As mentioned, Reliance is expected to offer more clarity on its Jio 5G …

What should investors expect from RIL's 45th AGM?
2 years, 3 months ago

What should investors expect from RIL's 45th AGM?

Business Standard  

One of the most awaited Annual General Meetings of India Inc – that of Reliance Industries – will be held on Monday, August 29. Announcing the launch of Jio Phone with refundable deposit in its AGM in July 2017 to laying out new energy blueprint with Rs 75,000 crore investment in the one held in 2021, RIL is known for …

RIL invests ₹7,600 cr on acquisitions in first 3 qtrs to strengthen retail arms
2 years, 11 months ago

RIL invests ₹7,600 cr on acquisitions in first 3 qtrs to strengthen retail arms

Live Mint  

Reliance Industries Ltd has spent more than ₹7,600 crore over the past nine months of this fiscal towards investing in and acquiring assets to strengthen its retail business, according to Gaurav Jain, head, strategy and business development, Reliance Retail. “We have spent close to ₹7,600 crore in the first nine months in investing and acquiring assets and investing in capabilities …

Why did Mukesh Ambani’s mega announcements leave investors cold?
3 years, 6 months ago

Why did Mukesh Ambani’s mega announcements leave investors cold?

Live Mint  

It’s not every now and then that Reliance Industries Ltd announces an investment as large as ₹75,000 crore on a new project. Chairman Mukesh Ambani said at the company’s annual general meeting that it will set up four giga factories to create a fully integrated, end-to-end renewable energy ecosystem. View Full Image Great expectations “With refining margins being weak, petchem …

RIL AGM 2021: Reliance Retail to create 10 lakh jobs, on a hyper growth trajectory, says Mukesh Ambani
3 years, 6 months ago

RIL AGM 2021: Reliance Retail to create 10 lakh jobs, on a hyper growth trajectory, says Mukesh Ambani

Firstpost  

As India’s largest grocery retailer, Reliance Retail sold over a billion units of groceries or about 30 lakh units per day, Ambani said Chairman of Reliance Industries Limited, Mukesh Ambani during the 44th Annual General Meeting said the company’s retail business is on a hyper-growth trajectory and will provide 10 lakh jobs in the near future. “RIL’s apparel business sold …

RIL AGM 2021: RIL-Saudi Aramco Deal Likely this Year; Yasir Al-Rumayyan Joins Board
3 years, 6 months ago

RIL AGM 2021: RIL-Saudi Aramco Deal Likely this Year; Yasir Al-Rumayyan Joins Board

News 18  

Reliance Industries announced that the proposed deal with Saudi Aramco will likely be finalised this year during the 44th annual general meeting on Thursday. “As an important part of this vision of achieving accelerated growth, we look forward to welcoming Saudi Aramco as a strategic partner in our O2C business,” Mukesh Ambani, chairman and managing director of Reliance Industries shared …

RIL AGM 2021: Saudi Aramco chairman Yasir Al-Rumayyan to join Reliance board
3 years, 6 months ago

RIL AGM 2021: Saudi Aramco chairman Yasir Al-Rumayyan to join Reliance board

Live Mint  

Reliance Industries Limited named Yasir Al-Rumayyan, chairman of Saudi Aramco and governor of the kingdom’s wealth fund Public Investment Fund, as a director on its board during the AGM. Ambani said Yasir Al-Rumayyan's joining the RIL board is the start of internationalisation of Reliance. "I am sure that we will immensely benefit from his rich experience with one of the …

RIL AGM: ’Jio is not just working to make India 2G-mukt, but also 5G-yukt’, says Mukesh Ambani
3 years, 6 months ago

RIL AGM: ’Jio is not just working to make India 2G-mukt, but also 5G-yukt’, says Mukesh Ambani

Live Mint  

Reliance Industries' Chairman Mukesh Ambani made major announcements at the company's 44th Annual General Meeting today. I am confident that Reliance Retail is on a hyper growth trajectory to grow at least 3x in the next 3-5 years: Mukesh Ambani -Talking about Reliance Retail, Ambani says that the company added 1,500 new stores, which is amongst the largest retail expansion …

Reliance AGM 2021 LIVE Updates: Mukesh Ambani RIL 44th Annual General Meeting Announcements Jio Google 5G Phone JioBook Saudi Aramco
3 years, 6 months ago

Reliance AGM 2021 LIVE Updates: Mukesh Ambani RIL 44th Annual General Meeting Announcements Jio Google 5G Phone JioBook Saudi Aramco

ABP News  

Reliance AGM 2021 HIGHLIGHTS: Billionaire Mukesh Ambani, Asia's most affluent, is addressing the shareholders at the 44th Annual General Meeting of Reliance Industries Limited, India's most valued firm by market capitalization, today virtually. Ambani, known for making big bang announcements during the AGM, is expected to cheer the shareholders with mega announcements in its core O2C business and the consumer-facing …

RIL AGM 2021: 5G Roll Out, Retail Expansion and Other Key Announcements to Watch Out For
3 years, 6 months ago

RIL AGM 2021: 5G Roll Out, Retail Expansion and Other Key Announcements to Watch Out For

News 18  

Reliance Industries will be conducting its 44th annual general meeting on Thursday. Follow out LIVE blog: Reliance Industries AGM Updates There has been reports that Yasir Al-Rumayyan, chairman of Saudi Aramco and governor of the Kingdom’s wealth fund Public Investment Fund may be inducted on the board of Reliance Industries Ltd. Any such steps would be positive for the company, …

RIL AGM 2020 Revisited: Reliance Jio Made In India 5G Push And Affordable 5G Phone With Google
3 years, 6 months ago

RIL AGM 2020 Revisited: Reliance Jio Made In India 5G Push And Affordable 5G Phone With Google

News 18  

As we fast approach the 44th annual general meeting of Reliance Industries on June 24, there may be a lot at stake on many fronts, as the push for setting the benchmarks is well and truly under way. These would include the made in India push for 5G mobile networks and the investment by Google which also has Reliance Jio …

Markets likely to stay firm on global triggers; RIL, DLF in focus
3 years, 11 months ago

Markets likely to stay firm on global triggers; RIL, DLF in focus

Live Mint  

Markets are likely to be firm on Monday following positive global triggers. Global shares ticked up in early deals as reports suggest that US President Donald Trump signed into law a $2.3 trillion pandemic aid and spending package he had until now refused to sign. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.2%, though trade is slow with …

RIL stock slips as investors focus on company’s earnings
4 years, 1 month ago

RIL stock slips as investors focus on company’s earnings

Live Mint  

Shares of Reliance Industries Ltd fell 3% on Friday as investor focus turned to its earnings after the company said it completed a fundraising programme by selling 10% stake in Reliance Retail Venture. The company had on Thursday informed exchanges that it has for time being completed inducting partners and raising funds for Reliance Retail Ventures. On 2 November, brokerage …

RIL shares gain 3% after PIF invests ₹9,555 cr in Reliance Retail Ventures
4 years, 1 month ago

RIL shares gain 3% after PIF invests ₹9,555 cr in Reliance Retail Ventures

Live Mint  

Shares of Reliance Industries Ltd on Friday gained over 3% after the company informed exchanges that Saudi Arabia wealth fund Public Investment Fund will invest ₹9,555 crore in its retail arm. The transaction values Reliance Retail Ventures Ltd at a pre-money equity value of ₹4.587 trillion. Last month, Mubadala Investment Co., the sovereign wealth fund of Abu Dhabi, invested ₹6,247.5 …

RIL stocks cracks 9%, loses $11 billion in market capitalisation in single day
4 years, 1 month ago

RIL stocks cracks 9%, loses $11 billion in market capitalisation in single day

Live Mint  

MUMBAI: Investors of Reliance Industries Ltd on Monday lost over $11 billion in wealth as the stock slumped 9%, hitting a four-month. The sell-off was triggered by the company reporting a 15% decline in its net profit for the September quarter due to a sharp fall in its refining margin, and weakness in retail business as the pandemic hit sae …

RIL's Q2 Net Profit Falls 15% To Rs 9,567 Crore As Covid-19 Impacted Fuel Demand
4 years, 1 month ago

RIL's Q2 Net Profit Falls 15% To Rs 9,567 Crore As Covid-19 Impacted Fuel Demand

ABP News  

Shapoorji Pallonji Group Wants Stakes In All Tata Group Companies As Part Of The Settlement Billionaire Mukesh Ambani-led Reliance Industries Ltd reported a 15% fall in the September quarter net profits as the coronavirus crisis gutted the demand for transportation fuels. Domestic demand has sharply recovered across our O2C business and is now near pre-Covid level for most products.” The …

RIL Q2 Preview: Reliance Jio, Retail Likely To Cushion The Company's Financials Sequentially
4 years, 1 month ago

RIL Q2 Preview: Reliance Jio, Retail Likely To Cushion The Company's Financials Sequentially

ABP News  

: Hit by Covid-19 pandemic, companies are announcing its results with the oil-to-telecom conglomerate Reliance Industries Ltd in the line to announce its September quarter earnings of FY21 on Friday. According to the leading business website Bloombergquint, Reliance Industries Ltd’s profit and revenue are estimated to decline on the back of lower demand for petchem fuel with refining margin also …

ADIA to invest ₹5,512.50 crore in Reliance Retail for 1.2% stake
4 years, 2 months ago

ADIA to invest ₹5,512.50 crore in Reliance Retail for 1.2% stake

Live Mint  

Abu Dhabi Investment Authority will invest ₹ 5,512.50 crore in Reliance Retail Ventures Ltd for a 1.2% stake in the Reliance Industries subsidiary. “Reliance Retail’s vision is to galvanize the Indian retail sector through an inclusive strategy …Reliance Retail, through its new commerce strategy, has started a transformational digitalization of small and unorganised merchants and is committed to expanding the …

Reliance Retail Cracks Seven Deals in Less Than a Month, Raises More Than Rs 32,000 Cr
4 years, 2 months ago

Reliance Retail Cracks Seven Deals in Less Than a Month, Raises More Than Rs 32,000 Cr

News 18  

The retail arm of the Reliance Industries Limited’s has raised Rs 32,197.50 crore in exchange of 7.28 per cent consolidated stakes spread across seven mega deals in less than a month. The Reliance Retail Venture Ltd received investment from half a dozen global firms including Silver Lake, KKR, General Atlantic, Mubadala. On September 23, the RIL announced Rs 5,550 crore …

RIL Top Gainer on Sensex, Share Price Rises 3% After Investment by KKR in Reliance Retail
4 years, 3 months ago

RIL Top Gainer on Sensex, Share Price Rises 3% After Investment by KKR in Reliance Retail

News 18  

Reliance Industries share price gained 3 per cent in early trade on September 23 after the announcement that global investment firm KKR will invest Rs 5,550 crore in the company’s retail subsidiary Reliance Retail for a 1.28 per cent stake. This marks the second investment by KKR in a subsidiary of Reliance Industries, following a Rs 11,367 crore investment in …

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