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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 …

Jio brings back Rs 499 prepaid recharge plan with free one-year Disney+ Hotstar subscription; Details

The Rs 499 prepaid recharge comes with a year’s subscription of the mobile-only version of Disney+ Hotstar that costs Rs 499 a year. Reliance Jio has revived its popular Rs 499 prepaid plan, bundled with subscription to Disney+ Hotstar mobile. The plan is now the cheapest one with a bundled OTT subscription. The Reliance Industries …

Reliance Industries, Bharti Airtel, NTPC, PVR, Indian Hotel, and M&M among stocks in focus today

Volatility could be higher today on account of the monthly Futures & Options expiry session. Domestic stock markets brought their two-day gaining streak to a screeching halt on Wednesday as both Sensex and Nifty closed in the red. S&P BSE Sensex settled at 57,806, down 90 points or 0.16% while the 50-stock NSE Nifty ended …

Tesla’s market cap now more than top 5 BSE companies combined; Elon Musk’s wealth grows $36 billion

Tesla is more valuable than the top 5 BSE listed companies combined. (Image: REUTERS) Elon Musk’s Tesla touched a new milestone on Monday, breaching the $1 trillion market capitalisation mark, as the stock price soared 12.66% on the back of a massive order from car-rental behemoth Hertz. With this surge in market cap, Tesla is …

Reliance Industries stock may extend stellar rally; analysts upbeat, check target price

Reliance Industries share price is up 7% so far this month. (Image: REUTERS) Mukesh Ambani’s Reliance Industries may extend its current rally and surge another 14% from today’s opening price, analysts say. The stock price has already jumped 7% so far this month, adding to its strong upward momentum that began in July this year. …

Mukesh Ambani’s new money-minting machines: Retail, Digital arms now make nearly half of RIL’s revenues

Reliance Industries Chairman Mukesh Ambani. Mukesh Ambani’s efforts to bolster his new cash cows is again bearing fruit for India’s largest listed private company. In the third quarter of the financial year 2021, the retail and digital services arms of Reliance Industries Ltd (RIL) reported a revenue of Rs 36,887 crore and Rs 23,678 crore, …

Stocks in focus: Reliance Industries, Antony Waste Handling, BEML, Adani Green, RCF

on the economic front, market participants will be eyeing the Markit Manufacturing PMI and Services PMI data on January 4 and January 6, respectively. Domestic equity benchmarks BSE Sensex and Nifty 50 were likely to open in the positive territory on Monday, as suggested by trends on SGX Nifty in early trade. Nifty futures were …

RIL shares fall 2%, Future Retail dives 9% after Singapore arbitrator halts deal in favour of Amazon

RIL has been on a fundraising spree for its retail business and since September 2020, it has secured an investment of Rs 37,710 crore Reliance Industries Ltd (RIL) share price fell over 2 per cent to Rs 2,067 apiece on BSE after an emergency arbitrator in Singapore ruled in favour of Amazon, putting the RIL-Future …

Stocks in focus: Reliance Industries, Vodafone Idea, Future Retail, IndiGo, Infosys, Simbhaoli Sugars

There are no positive domestic triggers to boost sentiments thus we suggest continuing with a cautious approach A sharp sell-off is likely on cards for Indian share market as SGX Nifty slipped 1.23 per cent or 142.60 points down to trade at 11,407.50 on Friday. In the overnight trade on Wall Street, US stock indices …

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