The biggest index contributor RIL, jumped over 3 per cent on the Nifty and Bharti Airtel as much as 8 per cent, but overall 34 scrips Nifty50 stocks traded in the red while only 16 advanced during the early trade.
Last month, RIL had added another feather to its cap by becoming the first Indian firm to hit the Rs 9 lakh crore market valuation mark in intra-day trade. In August 2018, RIL became the first domestic firm to cross the Rs 8 lakh crore mark in terms of market valuation.
Billionaire Mukesh Ambani's Reliance Industries (RIL) on Friday added another feather to its cap and became the first Indian firm to hit the Rs 9 lakh crore market valuation mark. During late morning trade on BSE, the company's market capitalisation (m-cap) was Rs 9,01,490.09 crore.
Bloomberg's ranking of the world’s richest families is out and has revealed how heirs at the top of the list are watching their fortunes grow by millions of dollars every hour. The Walton family of Walmart is the richest family in the world, with a total family wealth of $191 billion, according to Bloomberg’s most recent financial report.
Domestic equity benchmark BSE Sensex surged over 200 points in early trade on Tuesday, dragged by losses in index heavyweights HDFC twins, Infosys and ITC, amid weak global cues. However, Reliance Industries (RIL) shared capped the losses on the index by rallying over 8 per cent, a day after its 42nd Annual General Meet (AGM).
British energy giant BP will pay about Rs 7,000 crore for acquiring a 49 per cent stake in Reliance Industries' fuel retailing network, billionaire Mukesh Ambani said on Monday.
Mukesh Ambani on Monday announced a deal with Saudi oil giant Aramco, which is highest FDI in India till date. Addressing shareholders at RIL AGM 2019, Ambani said Saudi Aramco has agreed to take a 20 per cent stake in his flagship Reliance Industries' oil refinery and chemical business.
Billionaire Mukesh Ambani's Reliance Industries Ltd plans to produce only jet fuel and petrochemicals at its mega Jamnagar refinery complex as it implements an oil-to-chemical strategy that will eliminate most fuels it produces in favour of high value products.
Reliance was previously in talks with China's Alibaba to sell a stake in Reliance Retail, but a deal could not be sealed due to differences in valuation.
Market benchmark BSE Sensex rose by 234 points to close at 39,131.04 on Tuesday, extending gains for the second straight day as Reliance Industries, Yes Bank, Larsen & Toubro and Infosys advanced.
Reliance Industries top officials on Saturday met Himachal Pradesh Chief Minister Jai Ram Thakur here over setting up of mobile assembly facilities. The company is also looking to invest in agro-horticulture produce, Jio networking, sports and tourism in the state, a spokesperson for the government told IANS.
The market capitalisation (m-cap) of TCS soared by Rs 41,914.13 crore to reach Rs 7,62,015.52 crore.
The blaze erupted in the PBR2 (polybutadiene rubber) plant in Vadodara, the company said in a statement.
Oil Minister Dharmendra Pradhan on Friday said the government will file an appeal in High Court against a ruling by an international tribunal which rejected its USD 1.55 billion claims against Reliance Industries for allegedly siphoning gas from fields operated by state-owned ONGC
Reliance Industries shares hit an all-time high, breaching the 100-billion dollar mark for market capitalisation, a feat achieved by the company only once before in 2007
Ambani has been appointed for a period of five years, which commences from April 19, 2019.
The pre-engagement party of Akash, the eldest son of Reliance Industries chairman, witnessed Bollywood stars like Shah Rukh Khan, wife Gauri, Priyanka Chopra, Alia Bhatt, Ranbir Kapoor, Karan Johar and several others in attendance.
Speaking at the UP Investor Summit, Mukesh Ambani said the investment will be over and above the Rs 20,000 crore Jio has already invested in the state in rolling out high-speed 4G telecom venture.
Eros group chief executive and managing director Jyoti Deshpande would be stepping down after 17 years to head the media and entertainment business at Reliance as president at the RIL chairman's office.
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