BPCL's impending privatisation and RIL's stake sale to Saudi Aramco raise questions about the future of the West Coast Refinery, once touted as the world's largest
On the sectoral front, Nifty PSU Bank index slumped the most, down 1.29 per cent, while Nifty Realty and FMCG indices, each, closed nearly 0.5 per cent lower
The Delhi high court ordered RIL and BG Exploration and Production India Ltd, a unit of Shell India, to disclose their assets after the Centre sought to restrain the companies from disposing them
RIL maintained that except as quantified by the tribunal, no amount can be said to be payable at this stage
The m-cap of Tata Consultancy Services (TCS) surged Rs 56,604.72 crore
Delhi HC order in PMT arbitration matter could delay stake sale to Aramco
The demand was made in an ongoing court case against Reliance Industries and British Gas, report says.
The surge in wealth creation in the sector has been led by private banks and non-banking financial companies (NBFCs).
Fortune India list shows RIL as India's top firm in FY19
The stake purchase is aimed at strengthening the group's digital and new commerce initiatives
The most obvious beneficiary of this roll-out will be manufacturers of FASTags, or the Radio Frequency Identification chips
On Wednesday, shares of RIL on the BSE closed at Rs 1,552.55, lower by Rs 26.30 or 1.67%
According to a top source, the process could take one to two weeks before a final announcement is made.
The report will be presented to the committee of creditors (CoC) on Friday to take a final call on the potential best offers
So far this year, RIL's share price has jumped 38.46 per cent
Since September, FPIs have pumped in net amount of Rs 37,496 crore, while domestic mutual funds invested net amount of Rs 12,618 crore in equities, Sebi data shows.
From DGCA directing IndiGo to replace unmodified P&W engines to Karvy denying fund abuse charges, here are the top headlines of the day.
11 offers submitted for RCom, Reliance Telecom and Reliance Infratel
Foreign brokerage Credit Suisse believes that Jio's tariff hike could bring an annual cash flow in excess of $1.5 billion
The appellate tribunal observed that Sebi in its affidavit had also said that there is no requirement for permission of the market regulator for such delisting