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The combined market valuation of seven of the top-10 most-valued firms eroded by ₹1.13 lakh crore last week, with Bharti Airtel and Reliance Industries emerging as the biggest laggards, in-tandem with a bearish trend in equities. Last week, the BSE benchmark Sensex declined 276.32 points, or 0.35%, and the NSE Nifty dipped 76.35 points, or…
Image used for representation purpose only. | Photo Credit: Reuters Reliance’s retail businesses are heading for transformation and for Reliance Retail and Reliance Consumer Products (RCPL) the company is building two growth-boosting platforms. “First, an Advanced Manufacturing Platform: We are building a manufacturing platform extending from beverages and daily essentials to one of the most…
Read More “Reliance Retail building garment manufacturing ecosystem: Mukesh Ambani” »
India’s Reliance Industries KG-D6’s control and raiser platform is seen off the Bay of Bengal in this undated handout photo. India’s Reliance Industries Ltd resumed crude oil production from its east coast MA-1 field on March 8 following an emergency shutdown in December, Upstream Regulator V.K. Sibal said on March 12, 2009. | Photo Credit:…
Starlink is seeking security clearance for a licence to offer satellite broadband services in India Billionaire Mukesh Ambani’s Reliance has asked the telecom regulator to review the potential reach of Elon Musk’s Starlink and Amazon’s Kuiper before awarding satellite spectrum amid concerns local players could suffer, a letter showed on Friday. Reliance’s letter, which is…
Read More “Reliance Asks Telecom Regulator To Review Reach Of Starlink, Amazon: Report” »
Starlink is seeking security clearance for a licence to offer satellite broadband services in India Billionaire Mukesh Ambani’s Reliance has asked the telecom regulator to review the potential reach of Elon Musk’s Starlink and Amazon’s Kuiper before awarding satellite spectrum amid concerns local players could suffer, a letter showed on Friday. Reliance’s letter, which is…
Read More “Reliance Asks Telecom Regulator To Review Reach Of Starlink, Amazon: Report” »
Reliance Industries Ltd. has erased almost $50 billion in market capitalization since its peak in July as the most valuable Indian firm struggles with weakening earnings and an economic slowdown. Shares of the refining-to-retail conglomerate led by billionaire Mukesh Ambani have barely risen this year, trailing the benchmark NSE Nifty 50 Index by the widest…
Read More “Reliance’s $50 Billion Wipeout Shows Toll of Weak Earnings” »
The 30-share BSE Sensex jumped 349.05 points or 0.43% to settle at an all-time closing high of 82,134.61, extending its winning momentum to the eighth day in a row. File | Photo Credit: Reuters Equity benchmark indices Sensex and Nifty hit their all-time high levels on Thursday (August 29, 2024), driven by a rally in…
Read More “Sensex, Nifty hit all-time high levels on rally in Reliance, Tata Motors shares” »
If it closes, the Reliance-Disney deal will reshape India’s $28 billion entertainment market. New Delhi: India’s antitrust body has asked Reliance Industries and Walt Disney around 100 questions linked to their $8.5 billion India media assets merger, including details on sports rights as it heightens its scrutiny of the deal, two sources told Reuters. Antitrust…
Read More “$8.5 Billion Reliance-Disney Merger Faces 100 Antitrust Queries: Report” »
The BSE Sensex recorded the best monthly gain in June by climbing 7.14%. The Sensex breached the historic 79,000 mark on June 27. | Photo Credit: Reuters Nine of the top-10 most valued firms together added ₹2,89,699.42 crore in market valuation last week, with Reliance Industries emerging as the biggest gainer, in line with a…
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…