Page 61 - Reliance Industries

CCI approves BP Global's proposed 49% acquisition of Reliance BP Mobility

RBPML currently does not conduct any business operations and accordingly does not have any business activities in India or anywhere else in the world.

RIL aims to raise Rs 53,125 crore through India's biggest rights issue

The Rs 53,125 crore issue to cut net debt by a third; along with Facebook and BP deals, company to raise Rs 1.04 trillion

Reliance Jio Q4 profit zooms to Rs 2,331 crore on rising subscriber base

Seen sequentially, the net profit grew 72.7 per cent when compared to Rs 1,350 crore in December quarter

Mukesh Ambani needs to balance the ship; rights issue not very attractive

Mukesh Ambani needs to balance the ship now; RIL rights issue unattractive

F&O expiry: Sensex soars 997 pts on Covid-19 drug hopes; auto, IT stks gain

All that happened in the markets today

Reliance increases stake in US-based tech company SkyTran to 26.3%

No regulatory approvals were required in India for the acquisition of shares

Market Ahead, April 30: All You Need To Know Before The Opening Bell

In terms of corporate results, some heavyweight names will announce their March quarter results today and their impact will be well beyond their individual stocks

MARKET WRAP: Sensex up 371 pts as financials surge; IndusInd Bank zooms 17%

All that happened in the markets today

Market Ahead, April 28: All You Need To Know Before The Opening Bell

According to a Business Standard report, the Centre is considering a proposal to guarantee Rs 3 trillion of loans to small businesses as part of a plan to restart economy

In a locked-down world, investment bankers ensuring the show goes on

Billion-dollar deals aplenty for right business

Target zero net debt? RIL board to consider rights issue on April 30

Results, dividend, issue of shares to existing shareholders on Thursday meeting's agenda

Reliance begins using WhatsApp for grocery deliveries through JioMart

The Facebook deal will help Ambani set up a digital platform to take on Amazon and Walmart's Flipkart in an e-commerce market

RIL's m-cap increases by Rs 1.5 trillion in four days post Facebook deal

The stock hit a two-month high today and has recovered 68 per cent from its last month low of Rs 876 touched on March 23, in an intra-day deal.

Days after deal with Facebook, RIL starts WhatsApp-based online portal

JioMart, an e-commerce venture of Reliance Retail, went live in three neighbourhoods surrounding Mumbai, leveraging a deal that gives it access to WhatsApp's 400 million users in India

Amazon announces programme to help offline stores leverage power of online

Code-named 'Local Shops on Amazon', the programme expected to help the ecommerce major take on rival Flipkart and Reliance's JioMart

Reliance's Jamnagar refinery cuts crude processing by 24% as demand slumps

RIL's 35.2 million tonnes a year SEZ refinery processed 2.51 million tonnes of crude oil into fuel in March, a drop of 24 per cent year-on-year

Jio Platforms now more valuable than rest of RIL businesses put together

At Wednesday's price, RIL's market capitalisation stood at Rs 8.64 trillion. This means, the other businesses are being valued by the Street at Rs 4.28 trillion

One-stop shop

Jio-Facebook deal would change India's digital economy

MARKET WRAP: Sensex ends 743 pts higher as RIL jumps 10% on Facebook deal

All that happened in the markets today

Facebook investment paves way for RIL to become debt-free by March 2021

According to estimates by Jefferies, the deal implies a pre-money equity valuation of Rs 4,362 billion ($57 billion) for Jio Platforms Limited (JPL).