Reliance Industries Limited (RIGDL.XC)

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57.30

+0.50

+(0.88%)

At close: 4:29:54 PM GMT

Musk’s Starlink Signs Pact With Ambani’s Jio After Rival Bharti

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Bloomberg 5 hours ago

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TSLA

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India's Reliance Industries seeks extension for EV battery plant setup

In March 2022, Reliance secured incentives under the government's production-linked incentive (PLI) scheme to establish 5 gigawatts (GW) of local manufacturing capacity for advanced chemistry cells (ACCs). Reliance also said that the unit has received a letter from the Ministry of Heavy Industries imposing a penalty due to the delay. The Indian government launched the incentive scheme to boost local production of batteries as the country aims to increase EV sales in India to 30% of total car sales.

Reuters 8 days ago

RELIANCE.NS
India's Reliance says oil ministry raised $2.81 billion demand in gas dispute case

The company has been legally advised that the division bench judgment and this provisional demand are unsustainable and is taking steps to challenge the judgment, Reliance said in an exchange filing, adding it does not expect any liability due to this case. Reliance had earlier said that it would appeal the decision in the country's Supreme Court.

Reuters 8 days ago

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India's Reliance launches home-grown cola brand 'Campa' in UAE

The FMCG arm of Mukesh Ambani's Reliance Group said it has partnered with UAE-based food and beverage firm Agthia Group for the launch, but did not disclose any details of the deal, including the financial terms. It was a prominent brand in the 1970s and 1980s, but waned after PepsiCo and Coca-Cola entered India in 1991 and surged in popularity.

Reuters 22 days ago

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Delhi HC rules against Reliance Industries in $1.7bn gas dispute case

The case centres on ONGC's claim that RIL extracted gas migrating from its adjacent blocks.

Offshore Technology 23 days ago

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Reliance Industries makes sports drinks debut

Reliance said the Spinner brand would “lead the movement in creating a sports beverage category of up to $1bn in the next three years”.

Just Drinks 29 days ago

RELIANCE.NS
Shein makes India comeback via strategic deal with Reliance

The Shein app offers low-cost Western apparel, with dresses for as little as Rs350 ($4).

Retail Insight Network last month

RELIANCE.NS
Billionaire Ambani's Reliance brings Shein back to India after 2020 app ban

MUMBAI (Reuters) -Reliance Retail has launched an app in India to sell fashionwear from China's Shein under a licensing deal, almost five years since Shein's app was banned in the country after getting caught up in a diplomatic tussle. Reliance, owned by billionaire Mukesh Ambani, launched the app on Saturday morning, said a person with direct knowledge of Reliance's launch plans. Neither parent Reliance Industries nor Shein responded to requests for comment outside of business hours.

Reuters last month

RELIANCE.NS
Saks Fifth Avenue Has Designs on India

Saks Global has signed a franchising agreement with the Mumbai-based Reliance conglomerate to launch Saks Fifth Avenue and Saks Off 5th stores in India.

WWD last month

RELIANCE.NS
Reliance set for best week since June as retail business fuels profit beat

(Reuters) -Shares of Reliance Industries rose nearly 5% on Friday and were set for their best week in six months, as the company beat quarterly profit estimates on a boost from its retail business, which had dragged the stock's performance in 2024. Reliance, India's most valuable company and the second-top heavyweight stock on the benchmark Nifty 50 index, was last up 2.2% and has gained 3.4% this week. "Reliance is back on a growth path after six months of challenges," Morgan Stanley said in a note, adding that "the risk of earnings downgrades" would unwind.

Reuters last month

RELIANCE.NS
India's Reliance beats Q3 profit estimates on boost from retail, telecom

(Reuters) -Reliance Industries beat expectations for third-quarter profit on Thursday, as its retail business benefited from strong festive demand, while its telecom unit was bolstered by higher cellular tariffs and a rise in 5G subscribers. The Mukesh Ambani-led conglomerate's consolidated net profit rose 7.4% to 185.40 billion rupees ($2.14 billion) in the three months ended Dec. 31. The conglomerate's retail unit, its second-biggest business, reported a near 7% rise in revenue to 795.95 billion rupees, as demand soared in a quarter that coincides with India's festive season and accounts for the bulk of retailers' annual sales.

Reuters last month

RELIANCE.NS
Transocean Secures $111M Contract Extension From Reliance Industries

RIG secures a contract extension for its ultra-deepwater drillship project, boosting its backlog and emphasizing the demand for deepwater drilling services.

Zacks 2 months ago

RIG

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FTK
Top trending global stocks of 2024

Here are the stocks that have reflected the key market trends of 2024 and have been closely watched by investors.

Yahoo Finance UK 2 months ago

NVDA

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PDVSA, Reliance resume oil swap under US authorization, document shows

HOUSTON (Reuters) -Venezuela's state oil company PDVSA and India's Reliance Industries have resumed an oil swap that had been paused due to U.S. sanctions on the South American country, an internal PDVSA document seen on Thursday showed. Reliance and other Indian refiners had imported Venezuelan oil earlier this year under a broad U.S. license that expired in April. In July, Washington granted Reliance an individual authorization green-lighting the trade.

Reuters 2 months ago

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Ambani's Reliance buys $192 million stake in Mumbai industrial city

Navi Mumbai IIA was renamed from Navi Mumbai Special Economic Zone after the state government approved to convert it into an integrated industrial area in 2018. The deal comes at a time when the warehousing market heats up in the country, with industrial park operators facing a spike in demand as growth in Asia's third-largest economy remains steady and more companies look to India in their bid to diversify supply chains away from China.

Reuters 2 months ago

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India's Reliance seeks up to $3 billion loan for debt refinancing, Bloomberg News reports

Reliance did not immediately reply to Reuters' request for comment. Its billionaire chairman Mukesh Ambani told shareholders in August that the conglomerate is on track to more than double in size before the end of the decade, as it unveiled measures to step up its adoption of artificial intelligence. Reliance's outstanding debt as of Sept. 30 was 3.36 trillion rupees ($39.60 billion).

Reuters 2 months ago

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SoftBank founder Masayoshi Son to meet Indian PM Modi, source says

NEW DELHI (Reuters) -Masayoshi Son, the billionaire founder of Japan's SoftBank Group Corp, will meet Indian Prime Minister Narendra Modi on Wednesday, a source with direct knowledge of the matter told Reuters. While the matter of discussion was not immediately clear, the visit comes as SoftBank eyes more artificial intelligence and technology bets in Asia's third-largest economy. The source added that Son met Mukesh Ambani - India's richest man and chairman of oil-to-telecoms conglomerate Reliance Industries - on Tuesday.

Reuters 3 months ago

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Trending tickers: Nvidia, Super Micro, Palantir, Reliance Industries and Boohoo

The latest investor updates on stocks that are trending on Monday.

Yahoo Finance UK 3 months ago

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Reliance, Walt Disney close $8.5 billion merger of Indian media assets

The companies said the newly formed divisions are entertainment, which houses Reliance's Colours TV channels and Disney's Star; digital, home to online streaming platforms JioCinema and Hotstar, and sports. Reuters reported last month that Disney Hotstar's CEO Sajith Sivanandan resigned from the role as business integration gathered pace for the merger. The entertainment division will be led by Kevin Vaz, who is currently the top boss at Reliance's Viacom 18 Media.

Reuters 3 months ago

DIS

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Walt Disney, Reliance Industries JV In India Gets Regulatory Approval

Walt Disney, Reliance Industries JV In India Gets Regulatory Approval

PREMIUM
MT Newswires 3 months ago

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Performance Overview

Return	RIGDL.XC	S&P BSE SENSEX
YTD	+1.24%	-5.26%
1-Year	-19.25%	+0.49%
3-Year	-1.92%	+33.27%

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Reliance Industries Limited (RIGDL.XC)

Musk’s Starlink Signs Pact With Ambani’s Jio After Rival Bharti

India's Reliance Industries seeks extension for EV battery plant setup

India's Reliance says oil ministry raised $2.81 billion demand in gas dispute case

India's Reliance launches home-grown cola brand 'Campa' in UAE

Delhi HC rules against Reliance Industries in $1.7bn gas dispute case

Reliance Industries makes sports drinks debut

Shein makes India comeback via strategic deal with Reliance

Billionaire Ambani's Reliance brings Shein back to India after 2020 app ban

Saks Fifth Avenue Has Designs on India

Reliance set for best week since June as retail business fuels profit beat

India's Reliance beats Q3 profit estimates on boost from retail, telecom

Transocean Secures $111M Contract Extension From Reliance Industries

Top trending global stocks of 2024

PDVSA, Reliance resume oil swap under US authorization, document shows

Ambani's Reliance buys $192 million stake in Mumbai industrial city

India's Reliance seeks up to $3 billion loan for debt refinancing, Bloomberg News reports

SoftBank founder Masayoshi Son to meet Indian PM Modi, source says

Trending tickers: Nvidia, Super Micro, Palantir, Reliance Industries and Boohoo

Reliance, Walt Disney close $8.5 billion merger of Indian media assets

Walt Disney, Reliance Industries JV In India Gets Regulatory Approval

Performance Overview