Tag: Reliance Industries

India’s Reliance wins bid for govt incentives to make EV batteries

September 4, 2024 admin

Reliance. File. | Photo Credit: Reuters Reliance Industries has won a bid under an incentives program which supports EV battery production, a statement from the Indian government said on Wednesday (September 4, 2024). Earlier this year, seven companies submitted bids to set up local manufacturing units for the production of advanced chemistry cells, or ACCs,…

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Mukesh Ambani at RIL AGM: Reliance Industries to consider 1:1 bonus in its Sept 5th board meeting

August 29, 2024 admin

Chairman of Reliance Industries Limited Mukesh Ambani. | Photo Credit: PTI Reliance Industries announced that its Board of Directors will be meeting on September 5, 2024, to consider a 1:1 bonus issue for its equity shareholder, the company informed the exchange in a filing on Thursday (August 29, 2024). This means that for every share…

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Reliance gets US nod to resume Venezuelan oil imports, Bloomberg News reports

July 24, 2024 admin

The logo of Reliance Industries | Photo Credit: Reuters Reliance Industries has received approval from the United States to resume importing oil from Venezuela, Bloomberg News reported on July 24, citing people aware of the development. The nod comes months after the refiner resubmitted a license request to the U.S. to import crude oil from…

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Sensex, Nifty settle lower ahead of Budget

July 22, 2024 admin

Image for representational purposes only. | Photo Credit: PTI Equity benchmark indices Sensex and Nifty ended lower on July 22, dragged down by heavy selling pressure in Reliance Industries and Kotak Mahindra Bank ahead of the Budget. Besides, a weak trend in global equity markets also hit investors sentiment, traders said. Falling for the second…

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Markets climb in early trade on HDFC Bank, Reliance support

May 28, 2024 admin

Investors and brokers of a Rajasthan-based financial services watch the stock prices on a digital screen. File | Photo Credit: ANI Benchmark equity indices climbed in early trade on Tuesday amid buying in HDFC Bank and Reliance Industries along with a positive monsoon forecast. The 30-share BSE Sensex climbed 194.9 points to 75,585.40 in early…

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Disney, Reliance to merge India media operations to create ₹70,000-crore behemoth

February 28, 2024 admin

Reliance has agreed to invest around ₹11,500 crore in the joint venture to grow the OTT business. | Photo Credit: Reuters Walt Disney Co and Reliance Industries on February 28 announced signing of binding pacts to merge their media operations in India to create a ₹70,000 crore behemoth. Reliance and its affiliates will hold 63.16%…

Business

Stock Market Today : State Bank of India and Reliance Industries Surge, Sensex Up 373 Points

February 7, 2024 admin

Image for representational purposes only. | Photo Credit: The Hindu Equity benchmark indices climbed in early trade on February 7 amid buying in shares of State Bank of India and Reliance Industries along with firm trends in the U.S. markets. Fresh foreign fund inflows also added to the positive momentum in equities. Extending its previous…

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Mcap of six of top 10 firms jumps ₹70,527.11 crore; Reliance Industries biggest gainer

October 15, 2023 admin

Reliance Industries remained the country’s most valued firm. File | Photo Credit: REUTERS The combined market valuation of six of the top 10 valued firms jumped ₹70,527.11 crore last week, with Reliance Industries Ltd (RIL) emerging as the biggest gainer. While Hindustan Unilever Ltd, Bharti Airtel, ITC, ICICI Bank and HDFC Bank were the gainers,…

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Markets continue to rally for 7th day running

September 11, 2023 admin

The bull statue at the Bombay Stock Exchange (BSE) building, in Mumbai, on July 13, 2023. Equity benchmark indices extended their rally for the seventh day running on September 11 as investors continued to remain optimistic about the domestic markets. | Photo Credit: PTI Equity benchmark indices extended their rally for the seventh day running…

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Qatar Investment Authority To Invest Rs 8,278 Crore In Reliance Retail

August 23, 2023 admin

Qatar Investment Authority will invest Rs 8,278 crore in Reliance Retail. New Delhi: Reliance Industries on Wednesday announced that Qatar Investment Authority (QIA), through a wholly-owned subsidiary, will invest Rs 8,278 crore into its retail arm Reliance Retail Ventures Limited (RRVL). “This investment values RRVL at a pre-money equity value of Rs 8.278 lakh crore,”…

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