Reliance Industries' consolidated net profit, of Rs 13,101 crore in the December quarter, jumped 37 per cent sequentially, and beat Street expectations of a 32 per cent QoQ profit improvement
Market capitalisation of companies changes daily with movement in their stock prices
Larsen and Toubro is expected to report a strong sequential rebound in performance in Q3FY21 on the back of a healthy order inflow across verticals
Debt reduction, gains from digital priced in
O2C unit holds the firm's oil refinery and petrochem assets and retail fuel business but not upstream oil & gas producing fields such as KG-D6 and textiles business.
The valuation of Reliance Industries Limited jumped Rs 71,033.44 crore to reach Rs 12,99,363.47 crore, becoming the biggest gainer
Topline takes a hit by 21% as Covid-19 impacts operations, sales
Yearly numbers are not comparable, RIL said, since the petro retail business, which makes up 40 per cent of the company's retail revenues, has been demerged
Jio Platforms, which provides digital and telecom services, had posted a net profit of Rs 3,020 crore in the previous quarter
The retail arm of Reliance Industries had posted a pre-tax profit or EBITDA (earnings before interest, tax, depreciation and amortisation) of Rs 2,736 crore in October-December quarter a year ago
Consolidated net revenue declined 22 per cent to Rs 1.23 trillion in December quarter compared to Rs 1.57 trillion during the year-ago period
All the key sectoral indices ended the day in a sea of red
During the 74 sessions, the market capitalisation of the listed firms on BSE soared by Rs 38.55 trillion to Rs 199 trillion
Sebi gave a go-ahead to Future Group's scheme of arrangement and sale of assets to Reliance
Competition Commission of India approved the acquisition of stake in Max Life Insurance by Axis Bank, Axis Capital and Axis Securities
The Securities and Exchange Board of India (SEBI) allowed the deal with some riders, five months after it was announced last August
"Janet Yellen's statement that the United States needs a big stimulus push has pumped markets across the globe, including India," said Ajit Mishra, vice president, research at Religare Broking
JPMorgan would focus on Reliance Industries' management's commentary on Jio Platforms, and Jio Mart rollout
We're seeing consistent buying interest in the pharma pack and Lupin is also catching up with the other pharma majors
Gains in heavyweights HDFC Bank and Reliance Industries capped losses