The 4G-enabled smartphone, to be priced below Rs 5,000, is crucial to Jio's strategy as it aims to win over 300 million 2G customers
Indian conglomerate Reliance Industries delayed the launch of a low-cost smartphone it is developing with Google to November, citing an industry-wide semiconductor shortage.
In terms of government support for green hydrogen, a cabinet note proposing to make it mandatory for fertiliser plants and oil refineries is in the works
The blue-chip NSE Nifty 50 index was up 0.30% at 17,375.50 by 0509 GMT and the benchmark S&P BSE Sensex climbed 0.32% to 58,318.56
Shares of Reliance Industries Ltd continued to move higher on Monday and gained nearly 4 after the company said its subsidiary has acquired majority stake in genomic testing firm Strand Life Sciences
If the "stock price structure" and market participants continue to dominate like the ways it is currently indicating, the shares of Reliance Industries may double in the next one year easily
The company is likely to launch JioPhone Next smartphone this week, and has also acquired majority stake in Strand Life Sciences.
Its stock price up 17.3%, outperforming the index that is up 10.5%
Broking firms are advising their retail clients to buy shares of Just Dial to gain from the arbitrage opportunity created by the open offer launched by the arm of Reliance Industries
Ambani not only gained from a rally in RIL share price, but also from a steady rise in his family stake in the company
Reliance Industries emerged as the biggest gainer
Ambani noted that the PM had set a goal to reach 450GW of renewable energy capacity by 2030
RIL is expected to further invest up to Rs 160 crore in the genomic testing firm by March, 2023
The market heavyweight stock jumped 4.12 per cent to close at Rs 2,388.25 on the BSE.
The acquisition was done via RIL's subsidiary Reliance Strategic Business Ventures Limited
The stock hit a record high of Rs 2,374, up 3.5 per cent on the BSE in intra-day trade on Friday.
The focus on generating electricity from renewable sources of energy such as solar and wind -will help cut carbon emissions in the world''s third-largest greenhouse gas emitter.
On Sep 1, 2021, Just Dial allotted 21.2 mn shares at Rs 1,022.25 apiece to RRVL
The stock was up 1.3% at Rs 2,229, its highest level since October 2020
The market valuation of Tata Consultancy Services has breached the Rs 14 lakh crore mark, becoming the second company after Reliance Industries Limited to achieve this milestone.