Stocks to watch today: Retail investors' shareholding in Paytm doubled in the March quarter to 7.72 per cent
Both Amazon Chairman Jeff Bezos, the second-richest person in the world, and Ambani, No 9, want to dominate India's large - and still highly informal - retail industry
Reliance Retail on Thursday said it will launch a dedicated artisan-only store format 'Swadesh', which will showcase agriculture & food products, handlooms, clothing, textiles, handicraft and handmade natural products. This will boost its handmade in India programme and provide a global platform for artisans and sellers of handcrafted products, said a statement by Reliance Retail. The first Swadesh store is expected to open in the second half of 2022, it said. "The programme is being spearheaded by Reliance Retail's handicraft brand Swadesh, which envisages an artisan-only dedicated store format for handcrafted products from across the country," it said. Besides, Reliance Retail, a subsidiary of Reliance Retail Ventures Limited (RRVL) is exploring new partnerships with state governments to create a strong, vigorous and sustainable ecosystem for local artisans, the statement added. As part of that, an MoU was signed on Thursday at the Bengal Global Business Summit in Kolkata with .
According to the BSE data, RIL m-cap stood at Rs 18.84 trillion at 01:16 PM, just a per cent away to claim the Rs 19 trillion feat.
RIL traded 3.5 per cent higher at Rs 2,730 fairly close to its record high of Rs 2,750 touched on October 19, 2021.
Shares of Reliance Industries (RIL) was close to its record high level of Rs 2,750 touched on October 19, 2021.
Reliance is in the early stages of exploring the feasibility of an offer for the Boots chain
The company has already spent $1.5 bn in acquisitions to lay grounds for its new energy forays that include solar, battery and hydrogen
The next two quarters, according to analysts at Motilal Oswal Securities, are likely to see a sharp margin impact and corporate commentaries will worsen before they get better
The new Reliance Jio 259 recharge plan is available to both new and existing users through all online and offline channels
Reliance Industries added Rs 79,188.07 crore in valuation and Infosys gained Rs 9,404.12 crore.
Retail prices of petrol and diesel had been on a freeze since October 2021 when crude oil prices were hovering around $80 a barrel
Steady cash flow from O2C segment is expected to continue as stability in GRMs and higher global gas prices augur well for oil & gas exploration segment
Reliance Industries' m-cap swelled by Rs 54,904.27 crore to Rs 16,77,447.33 crore last week.
Company makes a foray into coal-based power generation for the first time
Sanctions on Russia have prompted many companies and countries to shun its oil, depressing Russian crude to record discount levels
The US e-commerce giant has also warned about taking action against Reliance
Reliance Industries is likely to be in limelight as the company is looking to take advantage of the surging diesel demand in Europe in the backdrop of Russia-Ukraine conflict.
On March 3, Supreme Court had adjourned the case between Future Group and Amazon for ten days (till March 15) as the two agreed to the proposal to resolve the dispute through mediation
ONGC is set to gain another 12 per cent in the upcoming sessions, while other oil related stocks show weakness.