Page 5 - Reliance Industries

Sensex gains 350 pts; Hero Moto cracks 7%, Ruchi Soya zooms 16%

CLOSING BELL: Shares of Hero MotoCorp cracked over 6 per cent after reports suggested that the Income Tax Department has found that Hero MotoCorp made more than Rs 1,000 crore bogus expenses

Stocks to Watch: Aurobindo Pharma, RIL, Ruchi Soya, Tata Power, PowerGrid

Shares of drugmaker Aurobindo will be in focus as the company has acquired the domestic formulation business of Veritaz Healthcare on a slump sale basis at Rs 171 crore.

Reliance Industries, ACRE bid for Sintex filed before NCLT for approval

The joint bid of Reliance Industries and Assets Care & Reconstruction Enterprise (ACRE) for debt-ridden Sintex Industries has been moved before the NCLT for its approval after getting unanimously selected by the lenders of the textiles maker. The resolution professional of Sintex Industries has filed the resolution plan by RIL and ACRE, as approved by the Committee of Creditors (CoC) before the Ahmedabad Bench of the National Company Law Tribunal (NCLT), said a regulatory filing. "... we would like to inform that the Interim Resolution Professional of the Company has duly filed the resolution plan as approved by the CoC with the NCLT, Ahmedabad Bench on 23rd March, 2022, in accordance with Section 30(6) of the Insolvency and Bankruptcy Code, 2016," it said. As per the IBC procedures, RP has to submit the resolution plan as approved by the CoC to NCLT under Section 30(6) of IBC, which gives its final approval. Earlier this week, Sintex Industries, which is going through the ...

RIL stock hits over 2-month high in a weak mkt; surges 12% in two weeks

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

Sensex falls 571 pts, Nifty ends below 17,150; metals shine, FMCG bleed

Stock market live updates: Opening Bell Stock market live updates: The key benchmark indices started Monday's session with mild gains amid ensuing uncertainty of the Russia-Ukraine war. The BSE Sense

Stocks to Watch: RIL, Adani Group, Ruchi Soya, Maruti, SBI, JSPL, FMCG

Reliance Retail Ventures, a subsidiary of Reliance Industries, has bought 89 per cent stake in Purple Panda Fashions for Rs 950 crore.

Reliance Retail pays Rs 950 cr for 89% stake in D2C lingerie brand Clovia

The firm will invest Rs 950 crore via a combination of secondary stake purchase and primary investment

Reliance-ACRE combine wins race for ailing textile firm Sintex Industries

Lenders approve resolution plan with 100% vote

RIL plans entry into coal-based power generation with bid for Lanco's plant

Company makes a foray into coal-based power generation for the first time

Reliance may avoid Russian fuel after sanctions, says official

Sanctions on Russia have prompted many companies and countries to shun its oil, depressing Russian crude to record discount levels

Reliance, Ola Electric, others to get incentives in battery scheme: Report

Reliance Industries and Softbank Group-backed Ola Electric have won bids to receive incentives under India's $2.4 billion battery programme, four sources told Reuters

Top headlines: Oil PSUs buy cheaper Russian crude; JPM cuts Indian shares

Business Standard brings you the top headlines on Thursday

Adani's wealth jumped the most in 2021, Nykaa CEO newest billionaire: Hurun

RIL chief sees 24% spike in wealth to $103 bn; Gautam Adani takes second spot

Top headlines: Sensex rallies 1k pts ahead of Fed meet; Mann new Punjab CM

Business Standard brings you the top headlines on Wednesday

Future Retail says will act to reverse store takeovers by Reliance

Since the last week of February 2022, Reliance Group has unilaterally terminated the leases and forcefully taken over control of hundreds of Future Retail's stores, said FRL on Wednesday

Amazon's battle with Reliance for India retail supremacy: 5 things to know

Amazon and Future agreed to out-of-court settlement discussions this month, but the two sides told India's Supreme Court on March 15 they had failed to resolve the matter

Bad news for Amazon as Ambani's RIL seizes the future of retail in India

In the end, Mukesh Ambani settled the dispute over who gets to own the assets of beleaguered Future Retail not in an arbitration tribunal in Singapore, or in a Delhi courtroom, but in a shopping aisle

Deadlock continues: Amazon-Future talks to resolve row break down

SC allows Amazon to file interim application

Amazon-Future case: After talks fail, lenders to FRL may approach NCLT, DRT

Senior bankers said with failure of Future-Amazon talks, banks have to think of legal action only.

Experts say Amazon-Future legal row worsening as US giant flexes muscle

The US e-commerce giant has also warned about taking action against Reliance