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Kishore Biyani-led Future group stocks crash 20% after Reliance calls off Rs 24,713 cr deal with Future Retail

Future Retail, Future Enterprises, Future Supply Chain Solutions, and other Future group stocks crashed up to 20 per cent on Monday after Future Retail and Reliance Industries subsidiary Reliance Retail Ventures deal called off, with the majority of lenders voting against the takeover by the latter. RIL on Saturday said its Rs 24,713-crore deal to …

Reliance Industries rating – Buy: Refining profits to improve in Q4

Petchem margins present risk to FY23 estimates though integrated operations will lower impact; ‘Buy’ retained Despite tight inventories, diesel cracks have come off sharply from the past week. RIL’s refining profit could surprise positively in Q4FY22e but should normalise in FY23e. Petchem margins are near 10-yr lows and China’s lockdowns paint a weak outlook for …

RIL Q3FY22 results preview: O2C, retail to drive Reliance profit, revenue; green energy foray to aid growth

Mukesh Ambani’s Reliance Industries Ltd is likely to see a rise in profit and revenues on the back of improvement in refining, petrochemicals and retail performance, when it reports its fiscal third quarter earnings on Friday Mukesh Ambani’s Reliance Industries Ltd is likely to see a rise in profit and revenues on the back of …

RIL share price gains nearly 1% even as Sensex falls, after Jio prepays Rs 30,791 cr spectrum dues

Reliance Industries Ltd (RIL) share price gained nearly 1 per cent to Rs 2,541.65 on BSE on Wednesday amid a weak market, after Reliance Jio said it has paid its entire deferred liabilities towards spectrum acquisition prior to March 2021. Reliance Industries Ltd (RIL) share price gained nearly 1 per cent to Rs 2,541.65 on …

Reliance joins calls for India to tighten marketplace rules, sources say

Traditional retailers raised concerns during Tuesday’s meeting, called by India’s industry promotion department, and were supported by a senior Reliance executive. Indian retailer Reliance has called for tighter regulation of marketplace e-commerce platforms to ensure such websites treat all sellers equally, four sources told Reuters. While India’s biggest retailer, with more than 12,000 stores, expanded …

Reliance Industries to invest over Rs 5 lakh cr in green energy in Gujarat; scouting land for 100 GW projects

Mukesh Ambani’s Reliance Industries Ltd will invest nearly Rs 6 lakh crore in green energy and other projects in Gujarat, it said on Thursday Mukesh Ambani’s Reliance Industries Ltd will invest nearly Rs 6 lakh crore in green energy and other projects in Gujarat, it said on Thursday. RIL has already begun scouting land for …

Bharti Airtel, Reliance Industries, Latent View Analytics, SBI, DLF among stocks in focus today

Charts signal more weakness ahead. Sensex and Nifty are in the firm grip of bears after having fallen nearly 3.8% each since the middle of November. SGX Nifty was hinting at a continuation of weakness today. Chartists too believe there is more weakness ahead and advise against long bets. “The overall chart pattern as per …

Charts show Nifty to retest 18600 by Dec-end, Bank Nifty to trade in 38200-40000 range; Reliance, SBI top bets

The broader market indices have formed a higher high-low on the weekly chart after forming a base above 50 days EMA By Dharmesh Shah The Nifty started the last week on a positive note and broadly traded in 18100-17800 range throughout the week. In the process, in four out of five sessions Nifty closed above …

India’s top Philanthropists: 11 Industrialists donate over 100 crore in FY21; Azim Premji retains top spot

Wipro’s Azim Premji retained the top spot among philanthropist billionaires of India for a second time. Image: PTI India saw 11 individuals making an annual donation of over Rs 100 crore in the financial year 2020-21. Wipro’s Azim Premji retained the top spot among philanthropist billionaires of India for a second time. Premji hiked his …