Latest Updates Around The World
Reliance Industries Ltd (RIL) is expected to deliver steady performance in the December quarter, with brokers posting mid-single-digit growth in revenue and earnings, mainly supported by strength in its oil-to-chemicals and digital businesses, even as retail growth remains subdued and upstream pressure remains.According to an average estimate of seven brokers, RIL’s consolidated revenue in the […]
Reliance Industries Ltd. is off to a poor start to the year, with shares down more than 6%, as investors digest weak retail prospects and harsher US rhetoric over Russian oil purchases in India, putting the burden on coming earnings to stem the decline.The sell-off so far this year has wiped around $15 billion from […]
Reliance Industries Ltd. has started work on an initial draft prospectus for a listing of Jio Platforms Ltd., people familiar with the matter said, in what is expected to be India’s largest-ever initial public offering.The company is speaking informally with the banks to prepare a prospectus to file with the regulator as soon as possible, […]
Rosneft’s Russian-flagged oil tanker Akademik Gubkin | Photo credit: YORUK ISIK India has scaled back purchases of Russian crude for December, showing that Western sanctions and trade talks with the US are having a major impact on buying behavior. Five major Indian refiners have not placed orders for Russian oil for the next month, according […]
Global brokerage firm Morgan Stanley has made significant changes to the India Equity Strategy’s focus list for the Asia Pacific region, adding Reliance Industries Ltd (RIL) and Mukesh Ambani-owned Varun Beverages Ltd (VBL) to the list. In addition, the brokerage firm also said that it has removed Interglobe Aviation (IndiGo) and Jubilant Foodworks from its […]
Indian oil refiners, including Indian Oil Corporation (IOC), may not completely halt purchases of Russian crude despite new US sanctions, as the measures target specific Russian suppliers and not the oil itself. Officials said that while four Russian oil companies have been sanctioned so far, India’s largest supplier Rosneft, which handles nearly 45 percent of […]
Mutual funds and domestic investors continued to show confidence in Reliance Industries Ltd (RIL) during the September quarter of FY26 even as foreign portfolio investors (FPIs) marginally reduced their exposure. According to the official shareholding data filed with the BSE, mutual funds increased their stake in the company to 9.5% in the September quarter compared […]
Just as Jio InfoComm reaches the scale for a separate IPO list next year, Mukesh Ambani is doubling the disruption. The chairman of the billionaire Reliance Industries LTD (RIL) at the same time builds two massive new verticals around AI and FMCG, each with ambitions to close the existing activities of the conglomerate. Reliance Consumer […]
Shares of Reliance Industries Ltd (RIL) fell 2% lower on RS 1.358 on Friday, even when chairman Mukesh Ambani shareholders told the annual General Assembly of the Conglomerate (AGM) that the long -awaited IPO of Reliance Jio, who would come the largest in the history of Dalal Street. With 44 LAKH shareholders coordinated, Mukesh Ambani […]
Worldwide Brokeragebedrijf JP Morgan has repeated its positive position on Reliance Industries LTD (RIL) and explains that the share valuations of the company remain attractive despite recent profit. The brokerage emphasized two important reasons to support his opinion: the implicit discount of the holding has only been marginal reduced until 2025, and RIL’s retail arm […]
