Page 76 - Reliance Industries

Reliance Industries becomes Rs 5,242 cr richer in one day as stock gains 1%

On Monday, Reliance Industries reported a record fourth quarter net profit of Rs 8,046 crore

Reliance Industries hits fresh 52-week high post Q4 results

The stock was up 3.5% to Rs 1,465, also its fresh 52-week high on BSE in early morning trade

With RIL pricing in Jio, it's over to core now

Led by improved efficiencies & new capacities, chemicals and refining seen putting up strong show

Reliance lifts Jio investment above Rs 1.9 lakh cr after record year

Announces further investment of Rs 18,000 cr for its fibre network as it expands Jio's 4G reach

Watch: RIL CFO Alok Agarwal speaks about Q4 results

The oil major today reported a 12.3% rise in its March quarter net profit

RIL's oil & gas revenue drops 30.9% at Rs 5,191 cr

However, refining and marketing segment rises 6.8%

RIL Q4 consolidated net rises 12% to Rs 8,046 cr; GRM improves to $11.5

This, on the back of higher refining and petrochemical margins

Sequential improvement likely for RIL in March quarter

For Mukesh Ambani's Reliance Industries (RIL), the March-ended quarter might prove sequentially better, on the back of refining and petrochemical segment performance, analysts say. "We expect strong earnings, driven by refining and petchem (higher volumes, improved margins). Despite increased losses in domestic E&P (exploration and production), we expect RIL to report a ninth straight quarter on quarter stand-alone PAT (profit after tax) growth," analysts with Nomura Research wrote in an April 7 report.In a Bloomberg poll, 16 analysts estimated the March quarter revenue at Rs 67,476 crore and profit at Rs.8,016 crore at the standalone level. For the March 2016 quarter, the company had reported a net profit of Rs 7,320 crore and revenue of Rs 54,189 crore on a standalone basis.Analysts expect gross refining margins (GRMs) for the quarter in the range of $10.5 to $11.2 a barrel, against $10.8 in the quarter ended December 2016. Brokerages HDFC Securities, Kotak Securities and IDFC .

RIL up 3% as it commissions final phase of Jamnagar paraxylene project

The company will announce its Q4 & FY17 results on Monday, April 24, 2017.

Reliance introduces 12-week paid leave for mothers using surrogates

A similar period of paid maternity leave will be provided for fixed term and trainee employees

RIL may pip TCS as India's most-valued company

Mukesh Ambani-led Reliance Industries (RIL) could overtake Tata group's crown jewel Tata Consultancy Services (TCS) as India's most-valued company as earlier as tomorrow. Currently, the difference in the market capitalisation (mcap) between the two companies is just 1.1 per cent, or Rs 5,206 crore. With shares of the oil & gas refiner showing strong momentum thanks optimism around its telecom foray, while the outlook for technology stocks dimming due to stronger rupee, market players expect RIL to pip TCS in next few trading sessions. At Thursday's close, RIL's mcap stood at Rs 467,647 crore, while that of TCS was Rs 472,853 crore. RIL's shares have rallied 33 per cent this year to highest level in nine years, while that of TCS have remained flat.Interestingly, about 10 months ago, the gap between TCS and RIL mcap was more than 60 per cent.TCS had surpassed RIL in terms of market value in February 13, 2013.ENDs

Wait and watch

Reliance Industries is expected to take on rivals in DTH space like it did with its telecom foray

RIL gets green nod for Rs 13,250-crore Dahej petrochemical unit expansion

A budget of Rs 400 crore will be kept aside for environment protection and conservation

Reliance Industries hits fresh 9-year high

Thus far in 2017, the stock outperformed the market by gaining 28% against 12% rise in Sensex

BPCL, ONGC pip Reliance in overseas fundraising

BPCL and ONGC raised $4.9 billion in 2016-17 against $1.65 billion raised by Reliance

RIL completes Gulf Africa Petroleum Corporation stake sale

Mukesh Ambani led Reliance Industries Ltd (RIL) on Wednesdaysaid it has completed the sale transaction of its entire 76% interest in GulfAfrica Petroleum Corporation (GAPCO) to global energy major Total SA."Pursuant to the sale agreements signed by RelianceExploration & Production DMCC ("REPDMCC"), an indirect wholly ownedsubsidiary of Reliance Industries Limited ("RIL") and TOTAL, for the sale ofthe entire 76% interest held by REPDMCC in the Mauritius-incorporated GulfAfrica Petroleum Corporation ("GAPCO"), REPDMCC, TOTAL and GAPCO have obtainedrequisite regulatory approvals, consents and successfully completed the saletransaction," the company said in its press statement.In its statement, the company added the entire holding hasbeen sold in a full cash deal. In May 2016, the company announced plans to sellits entire stake in the African fuel retailer toTotal for an undisclosed amount. Thetransaction has now been concluded.GAPCO holds stakes in operating subsidiaries in ...

Sebi's order against RIL lacks punch: It's too little, too late

This case is also a good example of how justice delayed is justice denied.

Discounts galore! RIL follows mini-Jio strategy in fuel-retail business

Its number of outlets might be lower than PSUs but the discounts ensure they can't relax

RIL fall post Sebi order is merely a knee-jerk reaction: Analysts

Sebi has also barred Reliance Petroleum from F&O segment for a year

Did Reliance Industries get away lightly in the unlawful gains case?

More punitive action was needed against the company and the management, say experts