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The combined market valuation of eight of the country’s top 10 most valued firms surged by Rs 4.55 lakh crore last week, tracking a strong rally in equities, with Reliance Industries emerging as the biggest gainer.The BSE benchmark surged 2,857.46 points, or 3.53 per cent, during the week, according to PTI.From the top-10 pack, Reliance…
Reliance has returned to Venezuelan crude after a pause that began in the middle of last year, as India seeks to diversify its supply and US intervention brings the South American country’s oil back to market.The refining giant has taken one very large crude carrier with a cargo of around 2 million barrels, according to…
MUMBAI: Reliance Industries (RIL) has acquired a 50.1% stake in Oscar-winning producer Guneet Monga Kapoor’s Sikhya Entertainment for Rs 150 crore. The acquisition has been routed through Reliance Strategic Business Ventures, a wholly owned subsidiary of RIL. The investment strengthens the content portfolio of Jio Studios, RIL’s media and entertainment arm, which has produced over…
BENGALURU: Reliance Industries on Thursday said JioMart is on track to become India’s second-largest quick commerce player, underscoring intensifying competition among rapid-delivery platforms even as rivals await their latest quarterly results.In its earnings presentation, Reliance said JioMart’s hyperlocal commerce business recorded a daily run-rate of about 1.6 million orders during the December quarter. Online average…
Mukesh Ambani-led Reliance Industries Ltd (RIL) reported largely stable earnings for the December quarter, with consolidated profit inching up marginally even as revenue posted double-digit growth, supported by steady operating performance across its businesses.The conglomerate reported a marginal 0.56 per cent year-on-year rise in consolidated net profit attributable to shareholders at Rs 18,645 crore for…
Reliance Industries Ltd had a weak start to 2026, losing nearly Rs 1.4 lakh crore in market capitalisation. The stock is down about 7% so far this year, dragged by concerns over exposure to Russian crude and slowing growth in organised retail. The fall comes after a strong 2025, when the Mukesh Ambani led company’s…
RAJKOT: Reliance Industries will double its investment in Gujarat to Rs 7 lakh crore, focussing on clean energy, a bold push in artificial intelligence (AI) and digital inclusion, sports infrastructure and social development. RIL CMD Mukesh Ambani announced Sunday that the group will pioneer India’s AI push by setting up the country’s largest AI-ready data…
European Union countries should seriously consider creating a joint military force that could one day replace US troops stationed in Europe, the bloc’s defence commissioner has said, as concerns grow over Washington’s long-term commitment to the region.Speaking in Sweden on Sunday, EU defence commissioner Andrius Kubilius suggested the idea of setting up a “powerful, standing…
The combined market capitalisation of seven of India’s 10 most valued companies fell by Rs 3,63,412.18 crore last week, with Reliance Industries emerging as the biggest laggard amid a broader sell-off in equities, PTI reported.The benchmark BSE Sensex declined 2,185.77 points, or 2.54 per cent, during the week, reflecting weak investor sentiment.“Indian equity markets ended…
Reliance Industries Ltd has said it may return to buying Venezuelan crude oil, provided sales are permitted to companies outside the United States. The conglomerate, which operates world’s largest refining complex, said that it is waiting for regulatory clarity before taking a decision.“We await clarity on access for Venezuelan oil by non-US buyers and will…
