Reliance Industries | The Asian Age

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Aramco and the United Arab Emirates’ national oil company ADNOC teamed up with state-run Indian refiners last year in a plan to build a 1.2 million barrel per day refinery. (Representational Image)

Saudi's Falih says Reliance-Aramco talks on Indian refinery stake continue

The plan has faced delays as farmers refused to surrender land, forcing the Maharashtra government to find a new location.

26 Jul 2019 9:25 AM

RIL net up 6.8 per cent; retail, telecom boost profit

While the profit rose year-on-year, it was lower than the highest ever earning of Rs 10,362 crore in the preceding January-March period.

20 Jul 2019 7:43 AM

After the Russian company acquired Essar Oil's assets, including its fuel retail outlets, about two years back, Nayara is making ambitious plans to increase its fuel retails to over 7,000 by 2020.

Nayara Energy to enter petchem, expand fuel outlets

With the expansion plans, Nayara will remain the largest private fuel retailer in the country.

17 Jul 2019 6:56 AM

In terms of the number of deals, the increase was higher at 43 percent H1 of 2018. In the first half, there were 536 deals as against 376 deals in the same period in 2018. (Representational image)

Infra, realty drive private equity/venture capital inflows up 27 pc at USD 23.4 bn

Like in 2018, large deals with value of over USD 100 million continued to drive inflows.

11 Jul 2019 5:54 PM

The S&P BSE Sensex rose 312 points, or 0.8 per cent, to 39,435, with Reliance, NTPC, Axis Bank, Tata Steel, and PGCIL among the top gainers. The Nifty gained 97 points, or 0.83 per cent, higher at 11,796.

Buying interest expected near-term

All the Nifty sectoral indices ended the session in the green, with Nifty Metal and PSU Bank gaining 1.7 and 1 per cent, respectively.

26 Jun 2019 3:57 AM

Reliance Industries Chairman Mukesh Ambani.

RIL to raise USD 1.85 billion from offshore lenders to meet its needs

RIL has been inquired by the ministry to provide details of funding, operations and revenues.

25 Jun 2019 1:35 PM

Reliance Industries Ltd has an outstanding debt of more than Rs 2.87 trillion till 31st March. (Photo: AFP)

Reliance to infuse Rs 20,000 cr in RJio to fuel broadband, 5G services: report

In the March quarter of FY 2018-19, Jio’s net profit rose over four times to Rs 2,964 crore, from Rs 723 cr in 2017-18.

20 Jun 2019 12:39 PM

Reliance Industries Ltd (RIL), TCS, ITC, SBI, Kotak Mahindra Bank and ICICI Bank suffered an erosion in m-cap for the week ended on Friday.

Six of top-10 firms lose Rs 34,590 crore in m-cap

SBI's m-cap dropped Rs 9,727.83 crore to Rs 3,04,909.35 crore and that of RIL tumbled Rs 9,159.92 crore to Rs 8,33,773.72 crore.

09 Jun 2019 10:31 AM

Three bidders have come forward for a Rs 2,550 crore proposal to redevelop and upgrade Filmcity City in Goregaon, officially called the Dada Saheb Phalke Chitranagari, a senior official said Saturday.

3 cos respond to Filmcity upgrade plan

The companies have raised some issues related to tender conditions and fixed lease rent which are being looked into.

09 Jun 2019 6:51 AM

The BSE Sensex ended 0.61 per cent or 228 points higher to close at 37,319, while the Nifty 50 gained 0.66 per cent or 74 points to close at 11,222.

Nifty closes below its intermediate hurdle

In the Nifty 50 basket of shares 34 ended higher while 16 closed lower.

15 May 2019 1:40 AM

As much as 90 per cent of India's USD 700 billion retail market is unorganised, made up mostly of neighbourhood kirana stores selling groceries and other sundries.

Reliance entry to digitise 5 million kirana stores by 2023: Report

Reliance is looking at installing its Jio MPoS device at kirana stores to connect neighbourhood suppliers.

12 May 2019 11:25 AM

The broader market performed even worse with the BSE Mid-Cap down 0.98 per cent and Small-Cap down 0.85 per cent. (Photo: Pixabay)

Nifty sildes below support, may fall further

Despite mixed cues from the global markets, domestic market saw last hour sell off.

08 May 2019 6:09 AM

Reliance said its price agreement with such sellers is at market price and payments are settled in cash or by product supply bilaterally between it and such sellers.

Not involved in any cash payment arrangement to Venezuela's PDVSA for oil: RIL

PDVSA is only the original physical supplier, as the crude oil originates in its export facilities

20 Apr 2019 2:54 PM

The petrochemical business saw pre-tax profits jump by 24 per cent to Rs 7,975 crore on higher prices.

Reliance posts highest quarterly net profit in Q4

In full year 2018-19, the company posted a record Rs 39,588 crore net profit on a revenue of Rs 6,22,809 crore.

19 Apr 2019 2:33 AM

Meanwhile it is reported that the company is in talks with RIL to buy 25 per cent in Mukesh Ambani’s refining and petrochemical business.

Aramco lines up big plans for India

The refinery will be among the world’s largest refining and petrochemicals projects will be able to process up to 1.2 million barrels of crude a day.

18 Apr 2019 5:04 AM

Aramco and Reliance were not available for comment outside business hours.

Aramco in talks for 25 pc of Reliance's refining, petrochemical units: Report

A minority stake sale could fetch around USD 10 billion to USD 15 billion.

17 Apr 2019 9:20 AM

The Sensex surged 369 points to close at 39,276, while the Nifty ended at 11,787, up 96 points.

Nifty has entered uncharted territory

The Sensex hitting a new all-time high of 39,364, while Nifty surged to a fresh record high of 11,810.95 intra-day.

17 Apr 2019 12:16 AM

Reliance Industrial Infrastructure provides support services to Reliance Industries Group with a substantial portion to Reliance Industries.

Reliance Industrial Infrastructure reports decline in revenue, net profit

The net profit for the year ended March 31, 2019 was Rs 7.79 crore compared to Rs 9.74 crore on the year-on-year basis.

16 Apr 2019 12:05 PM

The two companies, however, did not disclose the financial details of the deal.

Reliance Industries buys ITC's menswear brand John Players

Acquisition would strengthen RRL’s readymade garments and accessories portfolio in the fashion and lifestyle retail space.

26 Mar 2019 12:37 PM

The State Department referred a request for comment to the Treasury Department which did not immediately respond.

Reliance says not breaching US sanctions against Venezuela

Reliance’s few transportation fuel shipments to Venezuela, treated as offsets for crude oil receipts.

23 Mar 2019 10:16 AM

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Anita Katyal