Page 3 - Ril

Top headlines: RIL clarifies on ZEE merger deal; Infosys Q2 net rises 12%

Business Standard brings you the top headlines on Wednesday

Tata Power jumps 8.3%, extends one-month run to over 46%

Latest surge comes on the back of RIL's acquisition of Sterling & Wilson, which is in solar energy space; potential inclusion in MSCI supports rise

Future group firms convene shareholder meetings to seek nod for RIL deal

The scheme of arrangement between Future and Reliance Retail, announced in August last year entails consolidation of Future Group's 19 companies into one entity -- Future Enterprises Ltd.

Sensex slips 340 pts from new high, ends 77 pts up; TCS drops 6%, RIL 0.6%

The Nifty Bank index hit a new liftime high of 38,495 in the intra-day trade before closing 1.4 per cent higher at 38,294 levels

Reliance buys Norway's REC Solar Holdings from China's Bluestar for $771 mn

This is the first major renewable energy deal, where an equipment manufacturing facility has been acquired

RIL to buy 40% stake in Sterling & Wilson Solar for Rs 2,850 crore

The company will also acquire 25.9 per cent stake by way of an open offer at the same price

RIL picks up 40% in SP group's Sterling and Wilson Solar for Rs 1,100 cr

As part of deleveraging its stretched balance-sheet, the Shapoorji Pallonji Group is divesting its second key asset within a month by selling 40 per cent stake in Sterling & Wilson Solar, the solar EPC joint venture it runs with the Khurshed Yazdi Daruvala family, to Reliance Industries for Rs 1,100 crore through a multi-stage transaction. While for the SP Group led by Shapoorji Pallonji Mistry, this is the second asset sale within a month after the Rs 4,400-crore deal for Eureka Forbes it had inked with the American private equity Advent International, for Reliance this is the second solar acquisition in the very same day. Earlier in the day, RIL announced buying out the Norwegian solar panel maker REC Solar Holdings for USD 771-million from China National Bluestar Group Company. Reliance is carrying out the deal through its fully-owned subsidiary Reliance New Energy Solar, which "will acquire 40 per cent in Sterling & Wilson Solar through a combination of primary investment,

Stocks to watch: RIL, ZEEL, Sobha, Lupin, Nazar Tech, Titan, Inox Wind

Tata group firm Titan on Wednesday said it has witnessed a strong recovery in demand in the July-September quarter

SBI and other PSUs gain amid rejig of Nifty indices, HDFC Bank dips

RIL's weightage was reduced slightly, while HDFC Life's edged up in the benchmark Nifty index

RIL backs Saudi Aramco chairman appointment as independent director

Reiterates that his induction has no connection with Saudi Aramco's plans to buy a stake in RIL's oil-to-chemical business

Stocks to watch: HDFC Bank, RIL, RBL Bank, Adani Enterprises, Raymond

Realty firm Omaxe Ltd on Monday announced the appointment of Sunil Goel, brother of its chairman and MD Rohtas Goel, as additional director (executive), signalling a truce between the warring brothers

Five stocks drive Sensex from 50,000 to 60,000: Check details here

RIL and Infosys have accounted for third of gains

HDFC Bank, RIL may see minor churn as Sensex rebalances on Friday

According to IIFL Alternative Research, HDFC Bank could see buying worth $57 million, while RIL could see selling to the tune of $11 million

RIL, IT stocks drive Sensex to fresh closing high, up 167 pts; VIX jumps 4%

The domestic benchmark indices extended their gains to the third day in a row on Monday

RIL stock can hit Rs 5,000 levels in the next one year, tech charts suggest

If the "stock price structure" and market participants continue to dominate like the ways it is currently indicating, the shares of Reliance Industries may double in the next one year easily

Stocks to watch: RIL, ICICI Lombard, PNB, DRL, Barbeque Nation, NTPC, HFCL

JSPL expects to conclude the deal to sell its 96.42 per cent stake in its arm Jindal Power for Rs 7,401 crore to a promoters-owned firm Worldone by this year end

Mukesh Ambani enters $100-bn club; analysts see further rise in RIL's m-cap

Ambani not only gained from a rally in RIL share price, but also from a steady rise in his family stake in the company

RIL arm buys majority stake in Strand Life Sciences for Rs 393 crore

RIL is expected to further invest up to Rs 160 crore in the genomic testing firm by March, 2023

Sensex ends above 58K for the first time; Nifty climbs 17,300; RIL zooms 4%

The BSE MidCap index closed 0.35 per cent higher after hitting a new peak of 24,454 in the intra-day deals

Sensex, Nifty hit fresh highs; TCS, HUL and RIL top contributors

Both indices added nearly 9 per cent each in August, their best monthly showing since November