Reliance Industries Ltd

Tuesday, May 21, 2024 | Last Update : 07:39 AM IST

Reliance Industries chairman Mukesh Ambani. RIL unveils details of O2C business spinoff plan. (PTI Photo)

Reliance reveals detailed plan to spin off oil to chemical business

RIL has started work on hiving off O2C business into a separate unit for a possible stake sale to companies such as Saudi Aramco

08 Sep 2020 5:00 PM

Chairman of India's Reliance Industries Mukesh Ambani (L) looks at rows of produce during a visit to a Reliance Fresh supermarket in Hyderabad. (AFP Photo)

Reliance Retail in talks with Silver Lake for $1 billion stake sale

The investment, which would value Reliance Retail at about $57 billion, comes as company aims to sell about 10% in new shares, report added

04 Sep 2020 3:26 PM

6 of top 10 firms add Rs 1.6 lakh crore in m-cap; ICICI, Kotak Bank top gainers

The market valuation of ICICI Bank jumped by Rs 26,620.32 crore to Rs 2,82,550.05 crore, becoming the biggest gainer

30 Aug 2020 3:32 PM

Reliance buys majority stake in online pharmacy Netmeds for $83 million. (PTI Photo)

Reliance acquires majority stake in online pharmacy Netmeds

The company said its investment represents about 60% holding in Vitalic Health Pvt. Ltd. and 100% direct ownership of its subsidiaries

19 Aug 2020 9:03 AM

Mukesh Ambani’s Reliance Industries Ltd will pay between ₹24,000-27,000 crore to buy the Indian retail chains owned by Future Group. (PTI Photo)

Reliance set to acquire Future Group's retail business for Rs 27,000 crore

Reliance’s existing retail operation already runs close to 12,000 stores in over 6,700 Indian towns and cities

28 Jul 2020 2:55 PM

Google in talks to invest $4 billion in Reliance's digital arm

Investors, including Facebook and KKR & Co, have already poured in a combined $15.64 billion for just over 25% in Jio Platforms

14 Jul 2020 3:23 PM

Reliance Industries shares jump nearly 3 percent on AIDA deal. (PTI Photo)

Reliance Industries shares jump nearly 3% on Abu Dhabi investment deal

Reliance Industries gained 2.74 per cent to touch a one-year high of Rs 1,624 on BSE

08 Jun 2020 2:43 PM

Reliance Industries Ltd said on Friday that Abu Dhabi state fund Mubadala Investment Co will buy a 1.85% stake in its digital unit. (PTI Photo)

Abu Dhabi's Mubadala to buy 1.85% stake in Jio Platforms

The interest in Jio Platforms highlights its potential to become the dominant player in India’s digital economy

05 Jun 2020 9:17 AM

The market cap of Reliance Industries Ltd (RIL) zoomed Rs 1,21,904.63 crore to Rs 8,98,499.89 crore. (PTI Photo)

Five of top 10 firms add Rs 1.63 lakh cr in m-cap; Reliance Industries Ltd leads

Tata Consultancy Services (TCS), HDFC Bank, Infosys and Kotak Mahindra Bank were the other firms in the top-10 list

26 Apr 2020 11:30 AM

Reliance Industries's stock rose 0.65 per cent to close at Rs 1,579.95 on BSE. During the day, it jumped 0.90 per cent to an all-time high of Rs 1,584.

Reliance Industries first Indian firm to hit Rs 10 lakh crore market valuation

At market close, Reliance Industries Ltd (RIL) market capitalisation (m-cap) zoomed to Rs 10,01,555.42 crore on BSE.

28 Nov 2019 4:21 PM

41.28 crore treasury shares of Reliance Industries were held as follows by (a) by Petroleum Trust 24.09 crore shares; and (b) by subsidiaries of RIL 17.19 crore shares, the statement said.

Reliance says Mukesh Ambani's shareholding has not increased in company

The company in an emailed statement said: "There has been no transaction of purchase of shares".

19 Sep 2019 5:12 PM

Mukesh Ambani and his private firms held 47.29 per cent stake as on June 30, 2019 in RIL. (Photo: PTI | File)

Mukesh Ambani raises stake in Reliance Industries to 48.87 per cent

The acquisition was pursuant to a scheme of arrangement not directly involving Reliance, the filing said without giving details.

18 Sep 2019 2:58 PM

Subsequent to this, Reliance's stake in KG-D6 has gone up to 66.67 per cent from previous 60 per cent and that of BP to 33.33 per cent from 30 per cent, the sources said.

Reliance, BP take over Niko's 10 pc stake in KG-D6 block

Reliance and BP plan to split Niko's share in proportion to their existing shareholding in the block.

15 Sep 2019 12:54 PM

At the end of trade on Tuesday, the market capitalisation (m-cap) of TCS was at Rs 8,20,702.82 crore, which is Rs 11,835.13 crore more than that of RIL's Rs 8,08,867.69 crore.

TCS surpasses RIL to reclaim most-valued firm status

Reliance Industries Ltd (RIL) had on Monday raced past TCS to become the country's most-valued firm by market valuation.

20 Aug 2019 7:21 PM

Shares of RIL rose by 1.15 per cent to close at Rs 1,292.10 on the BSE, while those of TCS closed flat at Rs 2,163.55.

Reliance again becomes most valued firm by market capitalisation

At close of trade on Monday, RIL's m-cap stood at Rs 8,19,073.62 crore, which is Rs 7,226.43 crore more than that of TCS.

19 Aug 2019 7:11 PM

In a statement, Fitch said it is revising "the outlook on RIL's Long-Term Local-Currency issuer default rating (IDR) to Positive from Stable and has affirmed the rating at 'BBB'."

Fitch Ratings raises Reliance's outlook to positive

Revision in the outlook follows RIL announcing plans to sell a 20 pc stake in its oil-to-chemical division to Saudi Aramco.

16 Aug 2019 6:00 PM

Together, proceeds from these transactions will result in a USD 16 billion reduction in RIL's net debt, which will reduce RIL's adjusted net debt/EBITDA by 1.2x from 3.2x for fiscal year 2019, which ended in March 2019, a credit positive, the report said.

Moody's says Reliance stake sale to Aramco credit positive

RIL also entered a deal with BP to sell 49 pc stake in its fuel marketing business in India for USD 1 billion.

14 Aug 2019 11:51 AM

As the RIL stock soared, shares of its telecom rivals Bharati Airtel and Vodafone Idea plunged 5.28 per cent and 6.34 per cent, as investors expected heightened competition in the sector, once Reliance Jio launches broadband services from next month.

RIL jumps 10 per cent on mega asset sale, debt cut plan

Brokerages raised RIL’s target price after factoring in the impacts of Monday’s announcements.

14 Aug 2019 1:30 AM

It’s moot whether a rating downgrade for Reliance was the trigger for deals that were in the pipeline.

Win-win for India’s biggest co

Saudi Aramco has a voracious appetite for India as it is a country where the consumption of the fossil fuel is rising.

14 Aug 2019 1:17 AM

Reliance Industries chairman Mukesh Ambani on Monday announced plans to sell stakes in the firm's oil and chemicals business to Saudi oil giant Aramco.

RIL soars 10 pc, m-cap surges by Rs 71,638 cr after a slew of pro-investor announcements

The oil-to-telecom giant saw its scrip jump 9.72 per cent to close at Rs 1,275 on the BSE.

13 Aug 2019 8:35 PM

The twin deals along with deleveraging of telecom arm Jio's infrastructure assets will help Reliance become "a zero-net debt company within the next 18 months, that is by March 31, 2021, Reliance Industries chairman Mukesh Ambani said at the company's annual general meeting.

RIL shares zoom to decade high after company announces plan to turn debt-free

The scrip opened the day on a bullish note and jumped 12.09 per cent to Rs 1,302.50 on the BSE.

13 Aug 2019 12:57 PM

Jio will also invest and financially support those startups that have the potential to address India's big needs in agriculture, healthcare, education and skill development which will boost the creation of new livelihoods, said Reliance's Mukesh Ambani. (Photo: File)

Jio, Microsoft team up for digital transformation alliance

Reliance's Mukesh Ambani unveiled promised to make connectivity infrastructure free for nascent stage firms.

12 Aug 2019 9:06 PM

Reliance's existing 1,400-odd petrol pumps, as well as 31 aviation fuel stations, will be transferred to the new joint venture where BP will hold 49 per cent equity stake.

BP to pay Rs 7,000 cr for 49 pc stake in Reliance's fuel retail network

Last week, the two firms had announced a new joint venture to set up petrol pumps and retail aviation turbine fuel in India.

12 Aug 2019 12:12 PM

Jamnagar shall be the refinery icon of the world with best-in-class performance, the company said in its latest annual report outlining its vision.

Reliance to produce only jet fuel, petrochemicals at Jamnagar after oil-to-chemical strategy

The company is preparing its Jamnagar complex to be future ready as fuel demand undergoes change.

11 Aug 2019 12:07 PM

In 2018-19, RIL's refining margin at USD 9.2 per barrel remained relatively strong even in a dynamic volatile market.

Reliance's refinery complexity index rises to 21.1

Complexity index designates capabilities of a refinery to upgrade lowest quality crude to highest quality refinery products.

26 Jul 2019 5:54 PM

RIL's standalone net profit of Rs 9,036 crore, up 2.4 per cent over the previous year, was a record.

RIL shares gain 2.5 pc; m-cap rises by Rs 19,974 cr after Q1 earnings

The oil-to-telecom conglomerate reported a net profit of Rs 10,104 crore, or Rs 17.05 per share, in April-June.

23 Jul 2019 12:41 PM

Multizone catalytic cracking (MCC) process developed by RIL converts an array of raw materials to high-value propylene and ethylene in a single riser.

How oil-to-chemicals integration worked for RIL

An oil-to-chemical strategy was developed by Reliance to transition the Jamnagar refinery from fuels producer to chemicals producer.

22 Jul 2019 4:21 PM

The company, beginning mid-2020, will bring to production three sets of new discoveries in the block that will reverse the years of decline in production.

Reliance says its main gas fields in KG-D6 block in late life stage

The fields produced an average of 1.76 million standard cubic metres per day of gas during April-June, the firm said.

21 Jul 2019 1:40 PM

In terms of the traded volume, 3.22 lakh shares were traded on the BSE and over 74 lakh units on the NSE during the day.

Reliance Industries Ltd shares fall 1 pc ahead of quarterly results

The scrip declined 1.01 per cent to close at Rs 1,249 on the BSE.

19 Jul 2019 5:14 PM

Reliance Brands completes acquisition of Hamleys

In India, Reliance Retail had the master franchise for the brand and operates 88 stores across 29 cities.

18 Jul 2019 1:17 PM

Reliance, which is the operator of KG-D6 with 60 per cent stake, has so far made 19 gas discoveries in the Bay of Bengal block.

BP, Reliance investing USD 5 billion in KG-D6 to produce 1 bcf of gas

The three projects will help reverse the falling gas output from what was once the biggest gas-producing block in India.

17 Jul 2019 6:18 PM

HDFC Bank's valuation plummeted Rs 22,395.4 crore to Rs 6,54,084.95 crore. (Photo: File | PTI)

Nine of top-10 firms lose Rs 88,609 cr in m-cap

RIL was the lone gainer among the top-10 frontline companies, adding Rs 11,415.21 crore to its m-cap.

14 Jul 2019 2:40 PM

ONGC, in the previous two financial years, had lost the most profitable PSU tag to IOC.

ONGC topples IOC to regain most profitable PSU tag

Oil and Natural Gas Corp reported a 34 per cent jump its in 2018-19 fiscal net profit to Rs 26,716 crore.

02 Jun 2019 5:01 PM

Reliance Industries Limited was the most profitable company in the country with a net profit of more than double that of IOC in FY2019.

Reliance topples IOC to become the biggest Indian company

Reliance in the 2018-19 fiscal year that ended March 31, reported a turnover of Rs 6.23 lakh crore.

21 May 2019 2:36 PM

Reliance, once dependent on its industrial businesses, reshaped the Indian telecom industry when it launched its Jio telecom unit in 2016.

Global investors in talks to invest in Reliance Jio infra investment trusts: report

Reliance aims to get at least five investors on board, with some joining the conglomerate’s board, the report added.

30 Apr 2019 12:38 PM

"R-Cluster development is on track for first gas in 2H FY21," Reliance said in an investor presentation after its fourth-quarter earnings. (Representative Image)

Reliance to start gas production from R-Cluster in 2nd half of FY21

Reliance and its partner BP Plc had in 2017 announced an investment of Rs 40,000 crore in three sets of discoveries.

19 Apr 2019 6:16 PM

For the fiscal ended March 31, 2019, Reliance Jio posted over 4-fold jump in net profit to Rs 2,964 crore compared to Rs 723 crore in the previous fiscal.

Reliance Jio Q4 net profit jumps 64 pc to Rs 840 crore

The operating revenue of Reliance Jio rose 55.8 per cent to Rs 11,106 crore during the reported quarter.

18 Apr 2019 7:45 PM

RIL revenue rose 19.4 per cent to Rs 154,110 crore.

Reliance Industries Q4 net jumps 9.8 pc to record Rs 10,362 cr

Net profit in January-March at Rs 10,362 crore, or Rs 17.5 a share.

18 Apr 2019 7:12 PM

On the National Stock Exchange (NSE), RIL shares jumped 3.14 per cent to close at Rs 1,386.05 apiece.

RIL shares gain over 3 pc ahead of Q4 earnings

RIL scrip of rose by 2.79 per cent to settle at Rs 1,382.90 on the BSE. During the day, it gained 3 per cent to Rs 1,387.

18 Apr 2019 5:20 PM

Reliance Retail, the retail arm of billionaire Mukesh Ambani-owned Reliance Industries, is “aggressively pursuing the deal”, a website quoted one of the sources as saying.

Reliance Industries in talks to buy British toymaker Hamleys: Report

Reliance Retail currently has the license to sell Hamleys products in India.

17 Apr 2019 4:22 PM

In the two weeks since the sanctions were announced, PDVSA has been able to load and export 1.15 million barrels per day. (Representational Image)

Venezuela turns to India for major oil exports as US sanctions bite

Venezuela's oil exports have tapered off and shifted toward India since new US sanctions began on January 28.

13 Feb 2019 11:03 AM

Shares of Reliance Industries Ltd continued to fall for the third straight session on Thursday, plunging 7 per cent and dragging the BSE benchmark index lower. (Photo: PTI)

Reliance Industries Ltd shares continue to tank; plunge 7 per cent

Selling in the blue chip stock was instrumental in sending the BSE benchmark index lower by 806.47 points.

04 Oct 2018 7:21 PM

Tata Consultancy Services on Friday surged past RIL to emerge as the country's most valued firm by market valuation.

TCS overtakes Reliance Industries to become most valued firm again

On July 31, Reliance Industries had regained its status as the country's most valued firm by m-cap.

10 Aug 2018 7:12 PM

Reliance Industries Ltd on Tuesday regained its status as the country's most valued firm by market capitalisation (m-cap), replacing Tata Group's TCS from the top slot. (Photo: PTI)

Reliance replaces TCS as most valued company in market capitalisation

TCS had first replaced RIL as the most valued firm more than five years ago.

31 Jul 2018 1:58 PM

Shares of Indian telecom services providers fell sharply on Friday. (Photo: AFP)

Telecom stocks fall after Reliance Jio unveils new post-paid plan

Airtel and Idea are expected to launch new plans in response to Jio’s offer.

11 May 2018 11:54 AM

Reliance Industries Ltd said on Friday its telecoms business Jio reported its second straight quarterly net profit since its launch nearly two years ago. (Photo: AFP)

Reliance Jio makes profit for second quarter in a row

Reliance Jio Infocomm Ltd triggered a fierce price war among operators as they slashed prices to rival Jio’s low-cost data plans.

28 Apr 2018 11:16 AM

India’s Oil and Natural Gas Corp Ltd and Reliance Industries Ltd have started discussions with buyers to sell natural gas from their fields in the Bay of Bengal.

ONGC, Reliance in talks with customers to sell east coast gas

The plan is to transport the gas from the east coast to the industrial heart belt of western India.

10 Apr 2018 6:36 PM

According to civic officials, the BMC charges two percent penalty in the second year for non-payment of property tax.

100 firms ditch property tax

Civic body yet to get Rs 10,000 arrears from companies.

08 Mar 2018 2:08 AM

Reliance Industries Ltd (RIL) chairman Mukesh Ambani. (Photo: PTI)

RIL to invest Rs 5,000 crore in Bengal: Mukesh Ambani

Investment will be made over next 3 years and also promote electronic industry by manufacturing mobile phones.

16 Jan 2018 1:33 PM

Shares of RIL ended flat at Rs 1,435, up 0.13 per cent, while Tata Consultancy Services fell by 1.47 per cent to close at Rs 2,360.65 on BSE.

RIL overtakes TCS to become most valued Indian firm

So far this year, shares of RIL have gained nearly 33 per cent, while TCS is trading flat, down 0.05 per cent.

23 Jun 2017 8:39 PM

RIL challenged the order before the Securities and Appellate Tribunal.

RIL may get relief on MF investment

The company was also asked to disgorge the unlawful gain made in the transaction along with interest amounting to Rs 1,000 crore.

04 May 2017 4:19 AM

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