Page 11 - Reliance Industries

Moody's assigns Baa2 rating to Reliance Industries' $5 bn bonds issue

Moody's Investors Service on Tuesday assigned a Baa2 rating to the proposed USD-denominated senior unsecured bonds of Reliance Industries Limited (RIL), with stable outlook. Reliance last week said it will raise as much as USD 5 billion in foreign currency denominated bonds and use the proceeds to retire existing borrowings. "RIL's Baa2 ratings reflect the company's large scale and dominant market position across its diverse businesses, its management's strong execution track record and our expectation that its credit metrics will remain strongly positioned for its Baa2 rating, despite its planned investments in clean energy and other business segments," Sweta Patodia, a Moody's Analyst, said in the rating agency's press statement. The firm's high dependence on the Indian economy through its digital services and retail businesses constrains its rating to one notch above that of the Indian sovereign rating, Patodia said. Moody's said RIL benefits from diversified earnings sources th

Moody's assigns Baa2 rating to Reliance Industries' proposed USD bonds

Moody's Investors Service assigned a Baa2 rating to the proposed USD-denominated senior unsecured bonds to be issued by Reliance Industries Limited. The outlook on the rating is stable.

Reliance becomes promoter in SWREL, holds over 40% stake

Sterling & Wilson Solar Ltd is now known as Sterling and Wilson Renewable Energy

Future Retail asks court to declare arbitration with Amazon illegal

The case will likely be heard by judges this week.

Reliance to raise $5 bn via overseas bonds to retire existing borrowings

The bond sale is poised to become the single largest such borrowing by an Indian company

Reliance Industries arm acquires battery tech firm Faradion for GBP 100 mn

RIL will use Faradion's state-of-the-art technology at its proposed fully integrated energy storage giga-factory as part of the Dhirubhai Ambani Green Energy Giga Complex project in Jamnagar

IT services, telecom, financials: Sectors analysts are betting on for 2022

With the withdrawal of easy and cheap money globally, fundamentals would come to fore, analysts suggest. Therefore, one needs to stay invested in the right quality of stocks, analysts suggest

RIL subsidiary acquires UK-based battery technology firm Faradion

Faradion Limited is a leading global battery technology firm that has patents of sodium-ion battery technology

Market wrap: Sensex, Nifty end flat; BSE IT index hits all-time high

Reliance, Tata Steel decline; NTPC gains 3% on plans to sell stake in newly formed renewable energy arm

What leadership transition means for Reliance Industries

Asia's richest man has announced a leadership transition at Reliance Industries. Ambani's children are already playing different roles in the company. Find out what this transition means for Reliance

TMS Ep75: Reliance, Erik Berglöf, Sebi's IPO norms, 5G spectrum

What does leadership transition mean for Reliance? What's Erik Berglöf vision of economic recovery? What do new IPO norms by Sebi mean for markets? What's 5G mmWave spectrum?

From L&T to Reliance Industries, giants hitch a ride on the green road

Conventional conglomerates are tying up with new-age companies in the sustainability space

Mukesh Ambani on succession: Reliance in middle of momentous transition

He said Reliance is "now in the process of effecting a momentous leadership transition."

M-cap of five of top-10 valued companies soars more than Rs 1 trillion

While RIL, TCS, Infosys, HUL and Wipro were the gainers, HDFC Bank, ICICI Bank, HDFC, Bajaj Finance and SBI emerged as laggards

Zee Entertainment board clears media firm's mega merger with Sony

ZEEL's current CEO and managing director, Punit Goenka, will lead the combined company

Market wrap: Sensex ends 612 pts higher; RIL, L&T and Bharti Airtel shine

ZEE falls 5% after inking merger pact with Sony Pictures, trims losses later; Metro Brands makes a tepid debut with 13% discount; RateGain Travel Technologies surges 28% in two sessions, hits new high

RIL, Tata, Patanjali among 11 private establishments guarded by CISF: Govt

CISF is providing security to 64 airports and 11 private establishments, including those of Reliance Industries, Tata Steel and Infosys, Union Minister of State for Home Nityanand Rai said

Stocks to Watch: Metro Brands, RIL, IOC, HCL Tech, MCX, JSW Energy, Yes Bk

Metro Brands seems set for a tepid debut given the poor response to its initial public offer

Reliance Industries to see upward revision in Sensex, Nifty weighting

The total cumulative inflow for RIL in Sensex and Nifty is expected to be $245 million.

RIL, HCL Tech: These 7 oversold stocks are set to lead market recovery

The underneath strength, preferably read as price action, has been able to hold ground around the major neckline supports for these stocks