Global bankers may profit from New Delhi's dollar crunch hh
Two sources aware of the matter said Reliance BP Mobility Ltd contends that PSU oil marketing companies control over 90% of the market and are the price-setters
Shares of both RIL and Adani Enterprises had soared 19% and 42% respectively between Feb 24, when the Ukraine invasion began, and end of April, before a global stock rout wiped out some of those gain
Stocks to Watch Today: Bharat Forge, Fino Payments Bank, MCX India, RateGain Travel, Raymond and VIP Industries are some of the notable companies scheduled to announce Q4 results on Monday.
The market valuation of Reliance Industries tumbled Rs 1,30,627.7 crore to reach Rs 16,42,568.98 crore.
Earlier in 2008, RIL had compensated dealers when it shut retail outlets due to high crude oil prices and lack of support from the government
High refining margins, gas prices and telecom ARPUs key contributors; stock falls nearly 4 per cent on Monday
Stocks to Watch Today: LIC IPO closes for subscription today; Campus Activewear to make its debut on the bourses on Monday.
At the current levels, the stock trades 10 per lower from its historic peak of Rs 2,858.15 hit on April 29, 2022
RIL reported a consolidated net profit of Rs 16,203 crore for Q4FY22, up 22.5 per cent over the year-ago period's Rs 13,227 crore but slightly short of expectations.
The facility is buying discounted cargoes of crude after self-sanctions on Russian fuels by some European Union companies pushed up margins.
Net profit goes past Rs 60,000 crore
Jio reports a 15.4% sequential increase in net profit at Rs 4,173 crore
Reliance and Viacom18, on Wednesday, announced a strategic partnership with Bodhi Tree Systems to form one of the largest TV and digital streaming companies in India
In addition, the popular JioCinema OTT app will be transferred to Viacom18
According to the BSE data, RIL m-cap stood at Rs 19.02 trillion at 09:33 AM, with the stock up 1.3 per cent at Rs 2,811.85.
Stocks to Watch Today: Shares of Bajaj Auto, Hindustan Unilever and Indian Hotels are likely to be in focus as the companies report Q4 results on Wednesday.
The tactic is not new for Reliance. In 2020, Reliance Industries acquired 37.7% stake in textile manufacturer Alok Industries Ltd for Rs 250 cr.
Stocks to Watch Today: Shares of pharma company - Aurobindo, Sun Pharma and Jubilant are likely to be in focus as the trio have recalled different products in the US market as per the latest USFDA
Western sanctions against Russia since its Ukraine invasion have prompted many oil importers to shun trade with Moscow.