Page 66 - Reliance Industries

Brookfield now one of the biggest PE players in India, thanks to RIL deals

The PE fund's exposure is primarily focused on infra projects (where it invested $10 billion) and real estate (around $4 billion)

Telecom stocks extend rally; Voda Idea up 32%, new 52-wk high for Airtel

After Jio's tariff hike announcement, RIL is on the verge of hitting the Rs 10 trillion m-cap mark

Telecom tariff: Jio to follow Airtel, Voda Idea, raise rates in a few weeks

In anticipation of the tariff hike, Reliance Industries' market cap crossed the Rs 9.5-trillion mark on Tuesday

Mukesh Ambani's RIL beats BP to make elite club of 6 global energy giants

Reliance has increased 35% this year, compared with BP's 1.2% gain as it works on cutting high debt levels

Reliance Industries logs fresh all-time high, hits Rs 9.5 trillion m-cap

Thus far in the calendar year 2019, RIL's share price has rallied 34 per cent, as compared to 12 per cent rise in the S&P BSE Sensex.

Equity fund managers buy Infosys, sell Reliance Industries in October

Equity fund managers increased their exposure to Infosys in October amid a sharp slide in the software exporter's share price

Network18 case: Sebi says no open offer needed on investments involving IMT

Markets regulator Sebi on Friday said that no open offer needs to be made due to various agreements involving investment by Independent Media Trust (IMT) of funds received from a Reliance entity into Network 18 companies. It was alleged Reliance Industries Ltd (RIL) in the guise of executing investment agreement or so called Zero Coupon, Optionally & Fully Convertible Debentures (ZOCDs) agreement, indirectly acquired control over Network 18 without following the procedure prescribed under the Takeover Regulations. In February 2012, ZOCD agreement was entered into by and between six private limited companies (together termed as holding companies) owned and controlled by IMT, Raghav Bahl and his wife in their individual capacity. Under the ZOCD agreement, IMT was to invest funds received from Reliance Industrial Investments and Holdings Limited by subscribing to the ZOCDs of the holding companies and these holding companies were obliged to utilise ZOCD subscription amount for ...

Best of BS Opinion: India & India Inc's search of growth amid fiscal woes

From Kulbhushan Jadhav's reprieve to bank nationalisation, here are the best of Business Standard Opinions for the day

Moody's affirms Reliance Industries' Baa2 ratings with 'stable' outlook

RIL's Jamnagar refinery complexity increased to 21.1 as of March 2019 from 12.7 as of March 2018

Reliance Petroleum case: RIL begins arguments against Sebi order at SAT

Sebi ruling was related to alleged fraudulent trading in the F&O space in the securities of Reliance Petroleum

Reliance Petroleum case: SAT to hear RIL plea against Sebi order on Nov 13

The Securities Appellate Tribunal on Wednesday is likely to hear an appeal by Reliance Industries Ltd against a Sebi order that had barred the company and 12 of its promoter group entities from dealing in equity derivatives. The watchdog had barred the company and the entities for alleged unfair trade practices related to the securities market. Through an order on March 24, 2017, Sebi had also directed RIL to disgorge Rs 447 crore along with interest. The total amount of disgorgement, including interest, was around Rs 1,952 crore. SAT would hear RIL's appeal against the Sebi ban on Wednesday, as per the tribunal's cause list. Noted lawyer Harish Salve would be appearing for RIL. The case dates back to March 2007, when Mukesh Ambani-led RIL decided to sell 5 per cent stake in Reliance Petroleum, a listed subsidiary which was later merged with RIL in 2009. Sebi ruling was related to alleged fraudulent trading in the F&O space in the securities of Reliance Petroleum. RIL and the 1

RIL-Network 18 deal: Tribunal asks Sebi to pass order by November 30

The Securities Appellate Tribunal (SAT) on Thursday asked markets regulator Sebi to pass an order by the end of November in the matter of Reliance Industries' acquisition of Network18 Media & Investments (NW18) and TV18 Broadcast (TV18). The order comes following an appeal filed by Victor Fernandes and Sangeeta Fernandes seeking further direction from the tribunal. The tribunal, in June last year, had directed Sebi to re-examine whether there have been violations of listing agreement with respect to Reliance Industries' acquisition of Network18 Media & Investments (NW18) and TV18 Broadcast (TV18). Besides, the regulator was asked to check whether Reliance Industries Ltd (RIL) acquired indirect control of the two companies through Independent Media Trust (IMT). However, more than one year have elapsed and the Securities and Exchange Board of India (Sebi) has not taken a decision and consequently, the applicants filed an application seeking further direction from the ...

Why competition fails to cut petrol price despite govt easing entry barrier

Despite six major firms selling fuel and govt easing entry barrier, price remains same across sellers and differs state-to-state

RIL to set up Rs 1.08-trillion digital arm, work on making Jio debt-free

Board approves the transfer of Rs 1.08 trillion debt to the new subsidiary; Jio listing could be next

Best of BS Opinion: A bubble building in bond mkt, RIL-Aramco deal and more

RIL AGMs have become events at which, rather like a prime minister's Independence Day speech, Chairman Mukesh Ambani is expected to make some big bang statements writes Kanika Datta

The fall of Reliance Industries' capital expenditure: Here're the details

The fall in capex is in line with the management's guidance

Consumer business growth to offset refining woes: Reliance Industries

Deleveraging, profit upside from digital initiatives are major earnings drivers

RIL says on track to produce gas from new field in KG-D6 block by mid-2020

Reliance Industries has so far made 19 gas discoveries in the KG-D6 block

Reliance Industries' market valuation tops Rs 9 trillion in intra-day trade

Analysts are betting that RIL will become India's first company to touch $200 bn in market cap

RIL rides high on Jio, retail; net profit up 18% YoY at Rs 11,262 crore

Pre-tax profit rises 14% to Rs 15,055 crore, but refining margins disappoint