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Reliance Industries Ltd News

RIL Q1 preview: Net may see sequential dip, modest growth likely in Ebitda

RIL's telecom division, Reliance Jio, took a tariff hike, effective this month. This, along with the anticipated commissioning of RIL new energy-related giga factories, is expected to remain in focus

RIL Q1 preview: Net may see sequential dip, modest growth likely in Ebitda
Updated On : 12 Jul 2024 | 6:32 PM IST

Reliance Jio could list at $112bn valuation, 15% upside in RIL: Jefferies

Jefferies report on Reliance Jio listing: Assuming Jio is spun off from Reliance Industries' stable, the fair value for RIL stock would be Rs 3,580, Jefferies said

Reliance Jio could list at $112bn valuation, 15% upside in RIL: Jefferies
Updated On : 11 Jul 2024 | 12:45 PM IST

From Kardashians to Samsung chief, celebs to attend Ambani wedding

100 chartered flights to land in Mumbai; hotel rents shoot up

From Kardashians to Samsung chief, celebs to attend Ambani wedding
Updated On : 11 Jul 2024 | 7:01 PM IST

Reliance Industries' subsidiary Ethane plans over $500 mn offshore loan

In 2016, Reliance Ethane had raised a loan of $572 million with a 12-year tenor to purchase six new ethane carriers

Reliance Industries' subsidiary Ethane plans over $500 mn offshore loan
Updated On : 11 Jul 2024 | 2:34 PM IST

Reliance Retail plans to launch sports format to compete with Decathlon

Reliance is in talks to lease 8,000-10,000 sq ft space across malls and high streets in top cities for the new venture. The name of the new brand has not been disclosed yet

Reliance Retail plans to launch sports format to compete with Decathlon
Updated On : 09 Jul 2024 | 4:19 PM IST

Reliance Jio tops with AGR at Rs 25,331 cr, Airtel sees steepest growth

Reliance Jio posted the highest adjusted gross revenue, on the basis of which the government calculates spectrum and licence fee, at Rs 25,330.97 crore while Bharti Airtel saw its AGR grew at sharpest pace in March 2024 quarter, a report by sector regulator Trai said on Thursday. Reliance Jio's adjusted gross revenue (AGR) grew by 10.21 per cent during the latest January-March quarter from Rs 22,985 crore in the same period a year ago. Airtel's AGR grew by 13.25 per cent to Rs 20,951.91 crore in the March 2024 quarter from Rs 15,500.36 crore a year ago. Loss making Vodafone Idea posted a marginal 2.22 per cent year-on-year increase in AGR at Rs 7,370.75 crore from Rs 7,210.63 crore. State-owned BSNL and MTNL posted declines of 4.41 per cent and 13.78 per cent in AGR to Rs 1991.61 and Rs 156.61 crore, respectively. Overall, telecom service providers' gross revenue grew by 3.01 per cent on a year-over-year basis to Rs 87,926 crore and adjusted gross revenue grew by 9.25 per cent in

Reliance Jio tops with AGR at Rs 25,331 cr, Airtel sees steepest growth
Updated On : 04 Jul 2024 | 11:26 PM IST

Reliance Industries set to invest $60 bn in 10 years: Morgan Stanley report

India cos announce large investments in renewables, energy transition

Reliance Industries set to invest $60 bn in 10 years: Morgan Stanley report
Updated On : 02 Jul 2024 | 8:03 PM IST

Asset monetisation helped Reliance Industries create value: Morgan Stanley

Morgan Stanley said it has valued RIL's 66.43 per cent stake in digital investments at an implied EV/EBITDA multiple

Asset monetisation helped Reliance Industries create value: Morgan Stanley
Updated On : 01 Jul 2024 | 6:43 PM IST

Reliance Industries can add up to $100 bn to market cap: Morgan Stanley

Reliance Industries Ltd can add up to USD 100 billion to its market capitalisation in its fourth monetisation cycle this century as new cash flow streams emerge and valuation multiples catch up, Morgan Stanley said in a report. The oil-to-telecom conglomerate has seen monetisation cycles deliver 2-3x value creation for shareholders in the past nearly three decades, with each decade seeing USD 60 billion+ in market cap creation. RIL is in its fourth monetisation cycle this century. "Monetisation 4.0 is different; it is supported by the business upcycle, domestic demand, and lower competition," the brokerage said. "RIL's fourth monetisation cycle (since 1997) should add up to USD 100 billion to USD 60 billion increase in market cap year-to-date." Key to this has been RIL's market share gains, complete integration, and most importantly, ability to execute above investor expectations each time the company has re-imagined its business. This monetisation follows the USD 60 billion in ..

Reliance Industries can add up to $100 bn to market cap: Morgan Stanley
Updated On : 01 Jul 2024 | 4:47 PM IST

Morgan Stanley, Citi, Jefferies: Brokerages decode RJio, Airtel tariff hike

In the last two rounds of tariff hikes, Vodafone Idea (Vi) in December 2019 and Bharti (Dec 2021) took the lead, while R-Jio was the last one to raise tariffs

Morgan Stanley, Citi, Jefferies: Brokerages decode RJio, Airtel tariff hike
Updated On : 28 Jun 2024 | 10:26 AM IST

Tariff hike impact: Airtel soars 5%, hits new high; RIL mcap tops Rs 21 trn

Telecom stock update: Bharti Airtel rallied 5 per cent to hit a new high at Rs 1,539; RIL rose 2% to Rs 3,129, and saw its market capitalisation touch Rs 21.12 trillion in intra-day trades today.

Tariff hike impact: Airtel soars 5%, hits new high; RIL mcap tops Rs 21 trn
Updated On : 28 Jun 2024 | 10:01 AM IST

Reliance, Airtel, Voda Idea, BHEL among 5 stocks to watch today

Stocks to watch on Friday, June 28, 2024: Shares of telecom companies expected to hog limelight; Stanley Lifestyles to debut on the bourses today.

Reliance, Airtel, Voda Idea, BHEL among 5 stocks to watch today
Updated On : 28 Jun 2024 | 8:35 AM IST

Reliance Jio buys spectrum worth Rs 973.63 crore in Bihar, West Bengal

Reliance Jio expanded its radio waves holding for mobile services by acquiring additional frequencies worth Rs 973.63 crore in the latest spectrum auction that concluded on Wednesday. The company acquired 5 megahertz paired spectrum in 1,800 Mhz band in Bihar for Rs 420.25 crore and 9.4 Mhz in West Bengal for Rs 553.38 crore. "Jio acquired additional spectrum in the 1,800 MHz band in Bihar and West Bengal. With this acquisition, Jio has expanded its 1,800 MHz band spectrum in two circles. Jio's spectrum footprint has increased to 26,801 MHz (uplink + downlink), solidifying its leadership position," the company said in a statement. The government had offered a total of 10 GHz of spectrum ranging between 800 MHz to 26 GHz, which was worth Rs 96,238 crore at the base or auction start price. All the available spectrum in 800 MHz, 900 MHz, 1,800 MHz, 2,100 MHz, 2,300 MHz, 2,500 MHz, 3,300 MHz, and 26 GHz bands were put to auction. This year auction has seen activity in 900 MHz, 1,800 MH

Reliance Jio buys spectrum worth Rs 973.63 crore in Bihar, West Bengal
Updated On : 26 Jun 2024 | 11:01 PM IST

Telecom shares rise up to 7%; Airtel at new high, Voda Idea hits 52-wk high

Shares of Vodafone Idea hit a 52-week high of Rs 18.47, surging 7% amid heavy volumes, surpassing its previous high of Rs 18.42 touched on January 1

Telecom shares rise up to 7%; Airtel at new high, Voda Idea hits 52-wk high
Updated On : 26 Jun 2024 | 3:31 PM IST

How to trade telecom stocks amid spectrum auction? Check key levels

Technical charts suggest a divergent trend for the three key telecom stocks - Reliance Industries, Bharti Airtel and Vodafone Idea.

How to trade telecom stocks amid spectrum auction? Check key levels
Updated On : 26 Jun 2024 | 8:26 AM IST

16% RIL shareholders oppose reappointment of Aramco chairman as director

Reliance Industries' shareholders have approved the reappointment of Saudi Aramco Chairman Yasir Othman H Al-Rumayyan as an independent director on the company's board for five years but over 16 per cent voted against the proposal. In a stock exchange filing, Reliance said its shareholders through a postal ballot approved the reappointment of Al Rumayyan as well as appointment of Haigreve Khaitan as independent directors on the board. They also approved reappointment of long-time company executive P M S Prasad as a director for another 5 years. The resolution for reappointment of Al Rumayyan was carried with 83.97 per cent voting in favour of the resolution. As many as 16.02 per cent voted against it , the filing showed. Al-Rumayyan, who also heads Saudi Arabia's Public Investment Fund - among the largest sovereign wealth funds in the world, was first appointed on Reliance board in 2021 for a three-year term. His first term ends on July 18, 2024. And now he has been reappointed till

16% RIL shareholders oppose reappointment of Aramco chairman as director
Updated On : 22 Jun 2024 | 11:50 AM IST

Reliance shareholders approve retail unit's $4 bn lease to Jio Financial

JFS plans to acquire equipment worth 360 billion rupees from Reliance Retail, as the financial services provider plans to enter the device leasing business

Reliance shareholders approve retail unit's $4 bn lease to Jio Financial
Updated On : 21 Jun 2024 | 9:52 PM IST

RIL registers sub-lease deed for land to develop global economic hub

Mukesh Ambani-led firm moves a step closer to develop the global economic hub, proposed in 2018

RIL registers sub-lease deed for land to develop global economic hub
Updated On : 04 Jun 2024 | 6:22 PM IST

Sensex plunges over 5,000 points intraday; check factors behind the fall

The sharp drop was primarily driven by uncertainty surrounding the outcome of the Lok Sabha 2024 election results

Sensex plunges over 5,000 points intraday; check factors behind the fall
Updated On : 04 Jun 2024 | 11:54 AM IST

Reliance Industries stock hits new all-time high; rallies 6%

At 03:09 pm; with Rs 20.41 trillion market capitalisation, RIL was up 5.5 per cent at Rs 3,017.45 on the NSE, the exchange data shows.

Reliance Industries stock hits new all-time high; rallies 6%
Updated On : 03 Jun 2024 | 3:30 PM IST