Page 56 - Reliance Industries

RIL flexes muscle in benchmark indices, stock now makes up 15% of Sensex

Price more than doubles from March lows, when it accounted for 9.2%

After TCS, Reliance Industries will hold its first virtual AGM on July 15

So far, all the post-IPO AGMs of Reliance have been physical meetings that have often been equated with big fat Indian weddings

Reliance Industries becomes first Indian firm to hit $150 bn market cap

Reliance Industries on Friday became the first Indian company to cross the Rs 11 trillion market valuation mark

RIL gains 2.5%, hits fresh record high; stock zooms over 100% in 3 months

In the past three months, the stock price of RIL has zoomed 104 per cent from its March low of Rs 883.85 hit on March 23, as compared to 35 per cent rise in the benchmark S&P BSE Sensex.

Eight of top 10 firms add Rs 1.76 trillion in m-cap; Reliance leads rally

Top losers were ITC, HUL

With Jio stake sale, RIL struck more sale deals in Q1 than in last 11 years

In terms of value, RIL's June quarter deal (sales, purchase and joint venture included) activity, is more than 68 per cent of the conglomerate's combined deal activity between FY2010 and FY2020

In pics: Mukesh Ambani 9th among top-10 richest men. Who are the others?

With RIL's market capitalisation crossing the Rs 11-trillion mark on Friday, its chairman and managing director Mukesh Ambani became the ninth-richest billionaire globally

How RIL became the first Indian company to top Rs 11 trn in market-cap

Shares of RIL have more than doubled from this year's low of Rs 868 in March underpinned by a stream of investments in its arm Jio Platforms

Top headlines: RIL becomes net debt free, ICICI Bank's stake sale and more

From Reliance Industries net debt free to India-China border clash, here are the top headlines of the day

RIL a net debt-free firm now, will rope in investors in retail biz: Ambani

As on March 2020, RIL had a net debt of Rs 1.61 trn and managed to turn itself net debt-free after raising Rs 1.68 trn via a 24.7% stake sale in Jio Platforms, and its rights issue

In pics: How Mukesh Ambani's RIL became net debt-free in just 58 days

Here's a timeline of Reliance Jio Platforms' six mega investment deals with foreign players and one additional commitment announced since April 22, 2020

Reliance Industries hits new high; market-cap crosses Rs 11 trillion

RIL raised over Rs 168,818 crore in just 58 days become net debt-free company. Mukesh Ambani now plans to list the telecom and retail businesses in the next five years

What makes Morgan Stanley, Goldman Sachs, CLSA bullish on RIL

According to Morgan Stanley, multiple triggers - asset sales, pickup in energy cash flows, increased traction in omni-channel retail and rise in telecom ARPU- could further drive the stock

RIL net debt free before schedule; to list retail, telecom biz within 5 yrs

Starting with Facebook Inc on April 22, Reliance has sold almost 25 per cent of equity in Jio Platforms.

Market Ahead, June 19: Top factors that could guide markets today

The SGX Nifty is indicating an open at around 10,030 levels for the Nifty amid mixed global cues

Top headlines: Saudi fund buys stake in RIL arm, Fitch cuts India ratings

Reliance has sold almost 25 per cent of equity in Jio Platforms since April. Read about that story and more in our morning news wrap.

Reliance sells 2.32% stake in Jio to Saudi wealth fund PIF for Rs 11,367 cr

The investment by Saudi sovereign wealth fund is "at an equity value of Rs 4.91 trillion and an enterprise value of Rs 5.16 trillion", the company said in a statement.

Jio may capture nearly half the Indian telecom market by FY25: Bernstein

Jio's market share is expected to rise from 36 per cent in FY20 to 40 per cent in the current fiscal and to 48 per cent in FY25, it said

CCI to review Facebook's purchase of 10% stake in Reliance Jio

The US social media giant's $5.7 billion investment in Reliance's digital unit is the biggest among a string of investments amounting to $13.7 billion into Jio Platforms, controlled by Mukesh Ambani

Faster deleveraging, recovery in energy, retail could spur RIL re-rating

Over the past two months, it has announced the sale of $ 14 billion of assets, completed a $7 billion rights issue and slowed the run rate of new investment by a quarter