Billionaire Mukesh Ambani-backed shares of Reliance Industries (RIL) rose 7% to a day’s high of Rs 1,489 on BSE, while shares of Adani Group rose up to 13% on Tuesday after US President Donald Trump announced a landmark trade deal between India and the US that cuts tariffs from 50% to 18% and opened the […]
Indian shares closed lower on Tuesday, with the Sensex and Nifty retreating from record levels after heavyweight stocks HDFC Bank and Reliance Industries weighed on benchmarks and investors booked profits after a recent rally.The BSE Sensex fell 376.28 points, or 0.44%, to close at 85,063.34, while the NSE Nifty 50 fell 71.6 points, or 0.27%, […]
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, […]