| Reliance Industries Limited (RIL) Related news |
Reliance Jio, Reliance Retail overtake RIL petchem in sales
Posted on 31st October 2018 |
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Mumbai: In June 2015, when Reliance Industries Ltd (RIL) chairman Mukesh Ambani said retail and telecom would be the sunrise sectors for the company, many investors were sceptical. Three years on, Reliance Retail and Reliance Jio Infocomm Ltd have jointly crossed revenues of RIL’s petrochemicals business, for long its second-largest revenue generator after oil refining and marketing. |
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RIL’s partnership with Hathway, Den to hit broadcasters, DTH players; India Ratings explains how
Posted on 26th October 2018 |
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The billionaire Mukesh Ambani-led Reliance Industries Ltd’s strategic partnership with Den Networks Limited and Hathway Cable and Datacom Limited might be a ‘win-win’ for all three companies, but it will have a negative impact on broadcasters and direct-to-home (DTH) players, India Ratings (Ind-Ra) said on Friday. The deal would lead to consolidation in the multiple system operators (MSOs) market, and this, in turn, could be negative for broadcasters by impacting their bargaining power to command higher subscription revenue, Ind-Ra said. |
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RIL Chairman Mukesh Ambani explains how digital revolution will help realise Modi’s 4 ambitious goals
Posted on 25th October 2018 |
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India Mobile Congress 2018: Reliance Industries’ Chairman Mukesh Ambani on Thursday showed confidence in India’s data-led growth and said digital revolution would help realise four ambitious goals of Prime Minister Narendra Modi, namely – doubling farmers’ income, Ayushman Bharat Scheme, quality education and employment generation. “With world-class digital infrastructure in place… India is now ready to not only embrace… but actually lead the Fourth Industrial Revolution. |
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Reliance Industries falls 7% post Q2 results
Posted on 19th October 2018 |
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Shares of Reliance Industries (RIL) has dipped 7% to Rs 1,073 on the BSE in early morning trade after a mixed bag results for the quarter ended September 2018 (Q2FY19) with its retail and digital services (telecom; Jio) businesses continuing to post strong growth, while its core refining business performance was a bit disappointing amid high expectations. |
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RIL pips TCS again to become India’s most valued firm; Mukesh Ambani-led firm’s rise so far
Posted on 17th October 2018 |
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Billionaire Mukesh Ambani-controlled Reliance Industries Ltd (RIL) on Tuesday pipped the information technology (IT) giant Tata Consultancy Services (TCS) to become the country’s most valued firm by market capitalisation. As per Tuesday’s close, Reliance Industries’ market capitalisation was recorded at Rs 7,37,576.57 crore on the Bombay Stock Exchange (BSE), up Rs 1,471.26 crore from that of Tata Consultancy’s market capitalisation of 7,36,105.31 crore on Tuesday, data available with the stock exchanged showed. |
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RIL may buy controlling stakes in Hathway, DEN Networks; stocks rally
Posted on 16th October 2018 |
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Shares of Hathway Cable and DEN Networks rallied up to 8 per cent in opening deals on Tuesday on reports that Mukesh Ambani led-Reliance Industries may soon buy controlling stakes in two of India’s largest cable TV and broadband service providers, Hathway Cable & Datacom, and DEN Networks, as it seeks to ramp up coverage of its ambitious high-speed broadband network. |
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Reliance hikes petrochemical prices to offset rising oil
Posted on 8th October 2018 |
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Mumbai: Reliance Industries Ltd (RIL) raised prices of at least seven key petrochemicals in the last quarter to offset higher crude oil prices and counter the effect of a weakening rupee. Bulk chemicals traders, suppliers for RIL’s petrochemical products and analysts tracking the company said it raised prices by 10-21% in the second quarter of this fiscal while year-on-year increase is 17-61%. |
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RIL records sharpest intra-day fall in 2018; falls 9% in three trading days
Posted on 4th October 2018 |
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Shares of Reliance Industries (RIL) have dipped 5.4% to Rs 1,140 on the BSE in intra-day trade, recording their sharpest intra-day fall during calendar year 2018. Earlier, on December 18, 2017, RIL had recorded 6.3% decline in intra-day trade and finally settled flat at Rs 919 on the BSE. The stock is the top loser among the S&P BSE Sensex counter. |
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