Reliance Industries Limited (RELIANCE.NS)

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2,926.90

-17.70

(-0.60%)

At close: 3:30 PM GMT+5:30

Transocean Secures $123 Million Offshore Drilling Contract in India

RIG wins a 300-day drilling contract with Reliance Industries for the Dhirubhai Deepwater KG1 project in India, valued at approximately $123 million.

Zacks 13 days ago

RIG

RELIANCE.NS
-0.60%
CLB
India's Reliance Industries approves bonus share issue in 1:1 ratio

BENGALURU (Reuters) -India's Reliance Industries, the country's most valuable company, on Thursday approved a one-for-one issue of bonus shares and recommended an increase in authorised share capital. The board recommended an increase in authorized share capital to 500 billion rupees ($5.96 billion) from 150 billion rupees. This is the oil-to-chemicals conglomerate's first bonus issue since 2017, when its stock price was roughly 700 rupees.

Reuters 13 days ago

RELIANCE.NS
-0.60%
India's Reliance wins bid for govt incentives to make EV batteries

BENGALURU (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. Earlier this year, seven companies submitted bids to set up local manufacturing units for the production of advanced chemistry cells, or ACCs, under the government's production-linked incentive (PLI) scheme. Reliance can make upto 10 gigawatts of ACCs, the statement said.

Reuters 14 days ago

RELIANCE.NS
-0.60%
Seismic work to start at offshore gas fields shared by Trinidad and Venezuela

The survey will explore the Cocuina and Manakin fields, which hold significant gas reserves.

Offshore Technology 16 days ago

^YH309
Indian tribunal approves $8.5 billion Disney, Reliance media assets merger

An Indian company tribunal has approved the $8.5 billion merger of Reliance Industries and Disney's Indian media assets, Reliance said on Friday. Earlier this week, the companies had won approval from the Competition Commission of India (CCI) for the deal, after assuaging regulatory worries about their grip on broadcasting rights for cricket. The competition regulator had said the deal, which will create the country's biggest entertainment player, was being approved subject to modifications submitted voluntarily by the companies, without sharing further details.

Reuters 19 days ago

RELIANCE.NS
-0.60%
Reliance skips IPO updates for Jio and Retail in AI dominated event

Reliance Industries, India's largest company by market capitalization, is not ignoring the AI frenzy that has gripped the tech world. At the company's 47th annual general meeting on Thursday, Reliance chairman Mukesh Ambani and other executives mentioned AI nearly three dozen times within two hours, detailing plans to integrate the technology across the company's various businesses, including telecommunications, retail and energy. Reliance also said it is planning to set up large-scale, AI-ready

TechCrunch 20 days ago

RELIANCE.NS
-0.60%
Ambani Touts AI, Bonus Stock But Stays Silent on Units’ IPOs

(Bloomberg) -- Billionaire Mukesh Ambani unveiled ambitious plans for Reliance Industries Ltd. to develop cutting-edge artificial intelligence tools, but gave no details on the much-awaited listings of its telecom and retail units in his annual shareholders’ address.Most Read from BloombergTurkey Plans Istanbul Taxi Surge to Tackle ComplaintsIntergenerational Housing Could Help Older Adults Combat LonelinessDense Cities With Low Emissions Suffer Most From Air Pollution, Study FindsAs Rural Hospi

Bloomberg 20 days ago

RELIANCE.NS
-0.60%
India's Reliance says new energy to be as profitable as oil to chemicals in 5-7 years

Indian conglomerate Reliance Industries expects its new energy business to be as profitable as its mainstay oil-to-chemicals segment over the next 5-7 years, Chairman Mukesh Ambani said at a shareholder meeting on Thursday. The company's new energy business consists of solar photovoltaic and fuel cell manufacturing, energy storage and green hydrogen production, among others. "I foresee it becoming as big and profitable over the next 5-7 years, as our O2C (oil-to-chemicals) business, which we had built over the past 40 years," Ambani said.

Reuters 20 days ago

RELIANCE.NS
-0.60%
Ambani says India's Reliance to more than double in size before end of decade

BENGALURU (Reuters) -India's Reliance Industries is on track to more than double in size before the end of the decade, its billionaire-chairman Mukesh Ambani told shareholders on Thursday. Reliance, which is India's most valuable company with a market capitalisation of $245.44 billion, said it expects to double sales and operating profit in its telecom and retail businesses over the next three to four years as it unveiled measures to step up its adoption of artificial intelligence. As well as developing a suite of AI tools and platforms called 'Jio Brain' and setting up data centres in the western state of Gujarat, which it plans to power with green energy, Reliance will also partner with global tech firms.

Reuters 20 days ago

RELIANCE.NS
-0.60%
Reliance boosts Indian shares to record, Nifty logs longest gaining streak in 17 years

BENGALURU (Reuters) -India's equity benchmarks hit record highs on Thursday, boosted by heavyweight conglomerate Reliance Industries, which plans to step up the adoption of AI and issue bonus shares. The NSE Nifty 50 and the S&P BSE Sensex both rose about 0.6% to hit all-time highs, before trimming some gains to settle up 0.4% at record closing levels. The Nifty 50 has risen for 11 consecutive sessions, adding about 4% to post its longest winning streak since October 2007.

Reuters 20 days ago

DIS

RELIANCE.NS
-0.60%
Factbox-What were India's antitrust concerns over Disney-Reliance deal

Walt Disney Co and Reliance Industries won approval from the Competition Commission of India (CCI) on Wednesday for an $8.5 billion merger of their Indian media assets after offering concessions relating to their grip on broadcasting rights for cricket, India's favourite sport. * Reliance's media and entertainment unit had a market share of 7.5% in 2023-24 in the sports TV channel segment, while Disney had a 77.7% share in those years. "Most of the current sports content such as cricket ... are streamed on either of the two platforms (of Reliance and Disney)".

Reuters 21 days ago

RELIANCE.NS
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DIS
Reliance, Disney India’s $8.5 Billion Merger Wins Antitrust Nod

(Bloomberg) -- India’s antitrust regulator approved the proposed merger of local media operations of Walt Disney Co. and billionaire Mukesh Ambani’s Reliance Industries Ltd., paving the way for the creation of an $8.5 billion behemoth in one of the world’s fastest-growing entertainment markets.Most Read from BloombergNazi Bunker’s Leafy Makeover Turns Ugly Past Into Urban EyecatcherChicago Overcomes DNC Skeptics With Calm, Parties and SunThe Competition Commission of India said Wednesday in a po

Bloomberg 21 days ago

DIS

RELIANCE.NS
-0.60%
Disney, Reliance overcome cricket concerns to win approval for $8.5 billion India merger

BENGALURU (Reuters) -Walt Disney Co and Reliance Industries won approval on Wednesday for an $8.5 billion merger of their Indian media assets after assuaging regulatory worries about their grip on broadcasting rights for cricket, India's favourite sport. The Competition Commission of India (CCI) said the deal had been approved subject to modifications submitted voluntarily by the companies, without sharing further details. To get the merger over the line, the two companies have offered concessions, including a commitment to not raise advertising rates unreasonably for streamed cricket matches, and to sell 7-8 non-sports TV channels, a source familiar with the matter said.

Reuters 21 days ago

RELIANCE.NS
-0.60%
Reliance plans crude-for-naphtha swap deal for Venezuelan oil

The Indian conglomerate will use naphtha supplies as partial payment for crude purchases, with the balance paid in dollars.

Offshore Technology last month

RELIANCE.NS
-0.60%
Exclusive-India's Reliance in crude-for-naphtha swap deal with Venezuela, sources say

India's Reliance Industries plans to use naptha supplies as partial payment for crude purchases from Venezuela after the refiner obtained a U.S. approval last month to resume oil trade with the sanctioned producer, three sources aware of the contract terms said. One source said Reliance will pay dollars for the balance of the crude purchase. The company was forced to stop direct purchase from Venezuela in April due to a re-imposition of sanctions but in July, Washington authorized Reliance to import crude from Venezuela.

Reuters last month

RELIANCE.NS
-0.60%
India's Reliance ready for next level of renewables-focused growth

Indian conglomerate Reliance Industries is ready for its next stage of growth and aims to become the largest developer of renewable energy projects in the country, the company said in its annual report issued on Wednesday. "Reliance has consolidated its balance sheet after the previous round of capex and is ready for the next level of growth," Chairman Mukesh Ambani said in the report. The company continues to monitor financial markets to seize suitable opportunities for capital-raising to support its growth plans, it said.

Reuters last month

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Reliance Retail plans Superdry athleisure stores in India

The stores will initially offer men's and women's apparel, with plans to include footwear at a later stage.

Retail Insight Network last month

RELIANCE.NS
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India's Reliance gets US nod to import oil from Venezuela, source says

NEW DELHI (Reuters) -India's Reliance Industries has received approval from the United States to resume importing oil from Venezuela despite Washington's sanctions, a source familiar with the matter said on Wednesday. The United States in April re-imposed sanctions on Venezuela's oil sector in response to President Nicolas Maduro's failure to meet his election commitments, but said some firms would be authorised to trade and operate in Venezuela. The U.S. Treasury Department declined to comment, while Reliance did not immediately respond to a request seeking comment.

Reuters last month

RELIANCE.NS
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India’s Reliance Retail reports 4.6% PAT growth in Q1 FY25

The quarter saw the retailer’s store footfalls increase by 18.9% YoY to 296 million.

Retail Insight Network last month

RELIANCE.NS
-0.60%
India sends 100 antitrust queries for Reliance, Disney $8.5 billion merger, sources say

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 experts had warned that the Reliance and Disney deal, which was announced in February, could face intense scrutiny as it will create India's biggest entertainment player with 120 TV channels and two streaming services.

Reuters last month

RELIANCE.NS
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DIS

Performance Overview

Return	RELIANCE.NS	S&P BSE SENSEX
YTD	+13.61%	+14.82%
1-Year	+19.49%	+22.27%
3-Year	+34.01%	+40.55%

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Reliance Industries Limited (RELIANCE.NS)

Transocean Secures $123 Million Offshore Drilling Contract in India

India's Reliance Industries approves bonus share issue in 1:1 ratio

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

Seismic work to start at offshore gas fields shared by Trinidad and Venezuela

Indian tribunal approves $8.5 billion Disney, Reliance media assets merger

Reliance skips IPO updates for Jio and Retail in AI dominated event

Ambani Touts AI, Bonus Stock But Stays Silent on Units’ IPOs

India's Reliance says new energy to be as profitable as oil to chemicals in 5-7 years

Ambani says India's Reliance to more than double in size before end of decade

Reliance boosts Indian shares to record, Nifty logs longest gaining streak in 17 years

Factbox-What were India's antitrust concerns over Disney-Reliance deal

Reliance, Disney India’s $8.5 Billion Merger Wins Antitrust Nod

Disney, Reliance overcome cricket concerns to win approval for $8.5 billion India merger

Reliance plans crude-for-naphtha swap deal for Venezuelan oil

Exclusive-India's Reliance in crude-for-naphtha swap deal with Venezuela, sources say

India's Reliance ready for next level of renewables-focused growth

Reliance Retail plans Superdry athleisure stores in India

India's Reliance gets US nod to import oil from Venezuela, source says

India’s Reliance Retail reports 4.6% PAT growth in Q1 FY25

India sends 100 antitrust queries for Reliance, Disney $8.5 billion merger, sources say

Performance Overview