Page 33 - Reliance Industries

Mukesh Ambani is again richest Asian as China's Zhong loses $22 billion

With a net worth of about $80 billion, Ambani is again richer than Zhong Shanshan, whose bottled-water company tanked a record 20 per cent this week

Jio launches handset offer to grow user base, turn market into '4G-only'

Customers offered handset, two years of unlimited voice calls and 2GB data a month for Rs 1,999

Benchmarks build on gains amid F&O expiry; Reliance Industries leads charge

A whopping increase in FPI inflows also boosted risk appetite, traders said. Foreign institutional investors purchased shares worth a net Rs 28,739.17 crore on Wednes­day, according to exchange data

N Chandrasekaran's challenges

Dragging the Tatas into the 21st century will take more time

Reliance Inds gains 6% in 2 days, hits 4-month high on O2C biz spin off

Analysts believe the recent move of creating an O2C segment will open various new avenues for RIL in terms of both opportunities and upside

Reliance Industries prices coal gas from Madhya Pradesh at minimum $6

The firm sought bids from buyers of coal gas it produces from CBM blocks in Madhya Pradesh at a minimum price of about $6 at the current oil price

RIL gets Sebi approval to hive off O2C business into independent subsidiary

Company again mentions that its talks with Aramco for what could be one of the largest downstream transactions in India are on

RIL's revamp paves way for O2C stake sale, next leg of growth: Analysts

Reorganisation won't impact RIL's consolidated financials or shareholding. Analysts say the de-merger will be done at tax networth of O2C assets, making transaction tax neutral for RIL

Reliance Industries shares rise nearly 1 pc after spin-off

Shares of Reliance Industries Ltd (RIL) rose nearly one per cent to close at Rs 2,024.25

Reliance's proposed business reorganisation credit neutral: Fitch

Fitch Ratings said on Tuesday the proposed reorganisation plan by Reliance Industries Ltd (RIL) to transfer its refining, marketing and petrochemical (oil-to-chemicals) businesses to a wholly-owned subsidiary as a step towards facilitating participation by strategic investors in its O2C businesses."We anticipate the reorganisation will have a neutral impact on RIL's credit metrics and rating," it said.The transfer will be on a slump sale basis subject to attaining the requisite approvals. The consideration for transfer will be in the form of long-term interest-bearing debt of 25 billion dollars to be issued by O2C to RIL.RIL's external debt is proposed to remain with RIL only. As RIL moves its oil refining, petrochemical and 51 per cent stake in a fuel retail subsidiary -- among other businesses -- to O2C, it will continue to hold businesses like textiles and upstream oil & gas, and will act as an incubator for new growth businesses.The proposed reorganisation eases formation of

Top headlines: RIL to spin off O2C biz; Airtel, Qualcomm tie up in 5G boost

Former Trai chief Rahul Khullar passed away Tuesday morning, Amazon India has partnered with Mahindra Electric to add more electric vehicles to its fleet, and other top news of the day

Chart check: Will the O2C biz spin-off trigger a fresh rally in RIL stock?

A breakout above Rs 2,100 in RIL's counter may see a rally towards 2,400

Reliance Industries gains 2% on plans to hive off O2C business

The company said the O2C business will be turned into a separate entity that will be 100 per cent owned by RIL

Reliance to hive off O2C business, expects approvals by September quarter

The Mukesh Ambani-controlled company had initiated the process to hive off its oil-to-chemicals business at a time when the Covid-19 pandemic caused a slump in fuel demand

Stocks to watch: RIL, Bharat Forge, Vedanta, Airtel, HDFC Bank, Hindalco

RIL, in a late night filing, said that it has begun the process of carving out the O2C business into an independent subsidiary

SC bars NCLT from finalising orders allowing $3.4 bn Future-Reliance deal

A bench headed by Justice Rohinton Nariman also ordered that while the proceedings before NCLT can go on, they should not culminate in any final order of sanction of the scheme

Supreme Court halts Future Group's $3.4 billion deal on Amazon plea

Agreeing with the American e-commerce giant's petition, the top court on Monday overturned a lower court's ruling and stopped India's company tribunal from approving the transaction till further order

Indian shares fall for fifth session as financials, Reliance weigh

The NSE Nifty 50 index .NSEI was down 0.68% to 14,880.75 by 0454 GMT, while the S&P BSE Sensex .BSESN was 0.85% lower at 50,446.43

Enforcement Directorate intensifies Amazon probe, govt seeks info

This follows report claiming e-commerce giant dodged Indian regulations

Flipkart is positioned to win India's e-commerce future: Walmart's McKenna

Flipkart saw more than 250 mn customers over a 5-day period during its flagship 'Big Billion Day' sale event, and PhonePe reached milestone of 1 billion monthly payment transactions, McKenna said