|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||2,472.00 - 2,505.45|
|52 Week Range||1,830.00 - 2,505.45|
|Beta (5Y Monthly)||1.02|
|PE Ratio (TTM)||33.89|
|Forward Dividend & Yield||7.00 (0.28%)|
|Ex-Dividend Date||Jun 11, 2021|
|1y Target Est||2,272.10|
The California State Teachers' Retirement Fund (CalSTRS) has decided to vote against the appointment of Saudi Aramco's chairman as an independent director to the board of Mukesh Ambani's Reliance Industries, BloombergQuint reported. The U.S. pension fund held 5.3 million fully and partly paid shares of Reliance Industries, as of June 30, 2020, according to the last available disclosure on its website. CalSTRS' voting decision is based on U.S. proxy advisory research firm Glass Lewis' recommendation, BloombergQuint reported on Friday.
Indian conglomerate Reliance Industries delayed the launch of a low-cost smartphone it is developing with Google to November, citing an industry-wide semiconductor shortage. The "ultra-affordable" smartphone, developed jointly by Reliance's telecom arm and Google, was set to be rolled out from Sept. 10. Companies globally are tackling a massive semiconductor shortage as the COVID-19 pandemic-led shift to remote working drove demand for the critical component used in making laptops and phones.
India's top court on Thursday ordered authorities to withhold any final decision on Future Group's sale of $3.4 billion of retail assets for four weeks, prolonging its dispute with Amazon.com Inc which has challenged the deal. Amazon has for months argued Future violated certain contracts by selling its assets to Reliance Industries, an allegation the Indian retailer denies. The dispute has been taken before courts in India and an arbitrator in Singapore.