In the past six trading sessions, shares of RIL have soared more than 16 per cent
According to reports, Amazon.com Inc is in talks to buy a 9.9 per cent stake in the company's retail arm.
The oil-to-telecom conglomerate is now ranked 46th globally on market cap, according to stock market data
On the National Stock Exchange (NSE), shares of the oil-to-telecom conglomerate rose 4.40 per cent to close at Rs 2,148.40
All that happened in the markets today
Reliance Industries' market valuation crossed Rs 14 lakh crore-mark on Friday as its stock rallied over 4% to scale its fresh peak
Dynastic governance constrains India Inc
Amazon wants a preferred, strategic stake in Reliance Retail for JioMart
Mukesh Ambani inched to the fifth position in the Forbes' global rich list as Reliance Industries' market capitalisation, topped the Rs 13-trillion mark
Globally, Saudi Aramco is the company with the highest market cap of $1.7 trillion, followed by Apple, Microsoft, Amazon, and Alphabet
In the last one week, the stock of RIL has outperformed the market by surging 12 per cent, as compared to nearly 5 per cent rise in the S&P BSE Sensex.
Ambani, who owns half of RIL's equity, managed to achieve this feat after raising funds from a slew of marquee investors in the Jio wireless telephony business
In dollar terms, the company is now valued at $175 billion, fully-paid shares end at Rs 2,004, up 1.64 per cent, partly-paid shares at Rs 1,107
Regulatory tweaks aid momentum, with half a dozen firms launching or are in the process of issuing fresh equity shares through this route over the past month
RIL is in talks with banks for a possible takeover
Maruti Suzuki, Bajaj Auto, and Hero MotoCorp's tax collections were down 60-85 per cent.
The monies have been deployed into ultra-short and money-market funds, and others focused on debt with an average of three-to-five year maturities
Cost efficiency provides DMart an edge, but competitive intensity is growing
Ambani said the Aramco deal had not progressed according to the timeline because of unforeseen circumstances and Covid-19
On Tuesday, during the company's first pandemic-forced virtual annual general meeting, Ambani outlined another vision to disrupt the mobile device market again.