RELIANCE.NS - Reliance Industries Limited

NSE - NSE Real Time Price. Currency in INR
1,572.60
+17.70 (+1.14%)
At close: 3:30PM IST
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Previous Close1,554.90
Open1,556.15
Bid0.00 x 0
Ask0.00 x 0
Day's Range1,546.50 - 1,577.40
52 Week Range1,055.00 - 1,614.45
Volume5,776,763
Avg. Volume7,772,750
Market Cap9.969T
Beta (3Y Monthly)0.74
PE Ratio (TTM)22.45
EPS (TTM)70.06
Earnings DateN/A
Forward Dividend & Yield6.50 (0.42%)
Ex-Dividend Date2019-08-02
1y Target Est1,268.86
  • Reuters

    Venezuelan oil exports rebound in November on shipments to India -data

    Venezuela's state-run PDVSA and its joint ventures exported over 1 million barrels per day (bpd) of crude and fuel last month, rebounding from October due to larger sales to India, according to internal company reports and Refinitiv Eikon data. The company sent a total of 37 cargoes containing 1.037 million bpd in November, a 25% increase from October, and the third highest monthly figure since the U.S. government in January imposed tough sanctions on PDVSA. Petróleos de Venezuela, S.A., known as PDVSA, did not respond to a request for comment on Monday.

  • Ambani in Talks to Sell News Assets to Times Group
    Bloomberg

    Ambani in Talks to Sell News Assets to Times Group

    (Bloomberg) -- Billionaire Mukesh Ambani is in talks to sell his news media assets to India’s Times Group, as Asia’s richest man plans to unload a business that’s been losing money, people familiar with the matter said.Bennett Coleman & Co., the publisher of the Times of India, is looking to hire advisers for due diligence on the news properties of Ambani’s Network18 Media & Investments Ltd., the people said, asking not to be named as the discussions are private. Ambani is considering various options, ranging from an outright exit to a stake sale, one of the people said.Talks are at an early stage and may not result in a deal, the people said, adding more suitors may emerge. A representative for Bennett Coleman didn’t immediately respond to a request for comments, while a spokesman for Reliance Industries Ltd. said the parent of Network18 evaluates opportunities on an ongoing basis and declined to comment further. The company later said the story is “baseless and false,” without elaborating.The tycoon’s plan to dispose of his news assets comes as he pursues talks to sell a stake in Network18’s entertainment division that encompasses various movie, music and comedy channels to Sony Corp. Bloomberg News reported last week that the Japanese giant is currently examining the books of the Indian media company and is considering several potential deal structures. Network18 reported a group loss of 1.78 billion rupees ($25 million) in the year ended March, while its net debt stood at 28 billion rupees, according to the company.Sony Said to Be in Talks to Buy Stake in Ambani’s TV Network (2)Shares of Network18 jumped as much as 10% on Thursday before paring the gains to 3.3% as of 3 p.m. in Mumbai.Ambani’s oil-to-petrochemicals conglomerate is in the midst of streamlining its operations and pivoting more toward relatively new ventures such as retail and technology for revenue. Last month, Reliance Industries unveiled a digital-services holding company that would eventually provide services from e-commerce to entertainment on a telecommunications network built over the last few years with about $50 billion in investment.Network18, acquired by Reliance Industries in 2014, owns and operates 56 local channels spanning news and entertainment. News properties include MoneyControl, News18, CNBCTV18.com, CricketNext and Firstpost. Shares of its subsidiary TV18 Broadcast Ltd., which houses news channels, soared as much as 6.7% in Mumbai before paring some of those gains.Reliance Industries shares reached a record high on Thursday, giving the firm a market value of about $140 billion.Unlisted Bennett Coleman, also known as the Times Group, owns television channels, including Times Now and ET Now. Besides the Times of India, it also publishes the Economic Times, a pink financial daily.(Updates with second statement from Reliance in third paragraph)To contact the reporters on this story: Baiju Kalesh in Mumbai at bkalesh@bloomberg.net;Anto Antony in Mumbai at aantony1@bloomberg.net;P R Sanjai in Mumbai at psanjai@bloomberg.netTo contact the editors responsible for this story: Sam Nagarajan at samnagarajan@bloomberg.net, ;Fion Li at fli59@bloomberg.net, Emma O'BrienFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Reliance denies report of talks to sell news assets to Times Group
    Reuters

    Reliance denies report of talks to sell news assets to Times Group

    India's Reliance Industries Ltd, controlled by Asia's richest man Mukesh Ambani, on Thursday denied a Bloomberg report that it was in talks to sell its news assets to local media conglomerate Times Group. Bloomberg, citing unnamed sources, reported https://www.bloomberg.com/news/articles/2019-11-28/ambani-said-in-talks-to-sell-news-assets-to-india-s-times-group earlier on Thursday that Bennett Coleman & Co, also known as the Times Group, was looking to hire advisers to run due diligence on the news properties of Reliance's Network 18 Media and Investments Ltd.

  • Asia’s Richest Man Breaks Into Club of Six Oil Elites
    Bloomberg

    Asia’s Richest Man Breaks Into Club of Six Oil Elites

    (Bloomberg) -- Reliance Industries Ltd., run by Asia’s richest man Mukesh Ambani, has eclipsed BP Plc to break into an elite club of energy supermajors.The Indian conglomerate is now valued at $138 billion, compared with the British energy giant’s $132 billion value at the close of trading on Tuesday. Reliance’s shares have increased at three times the pace of India’s benchmark index this year after its billionaire owner in August announced plans to cut the company’s net debt to zero in 18 months through measures including a stake sale in the oil-to-chemicals business to Saudi Aramco.The surge in shares gives Ambani a net worth of $56 billion, making him Asia’s richest person, above Alibaba Group’s Jack Ma, according to the Bloomberg Billionaires Index. Reliance’s market value briefly surpassed BP for the first time at the end of last month, and it has now regained the lead over the British company after its shares hit a fresh high in Mumbai on Wednesday.It also narrowing the gap with PetroChina Co., currently Asia’s biggest oil firm by value, and is within a whisker of becoming the first Indian company to hit the 10 trillion rupee market-cap milestone.Reliance has rallied 40% this year, compared with BP’s 1.2% gain as it works on cutting high debt levels. Oil companies have struggled because of swings in crude prices and as uncertainty persists over future energy demand.Reliance, meanwhile, has benefited in a number of ways. It operates the world’s biggest oil-refining complex in western India, which can process low-quality crude and turn it into higher-grade fuels, partly protecting it from volatility in prices.Telecom, RetailWhile Reliance gets two-third of its revenue from energy, Ambani has also made massive investments in telecom and digital services as he looks to benefit from growing demand in the world’s second-biggest market for mobile phone users. He has also expanded the company’s retail business to take on Amazon.com Inc. and Walmart Inc.The telecom unit, Reliance Jio, which claims to be world’s largest mobile data network, was also bolstered by a recent blow to India’s wireless carriers that left Ambani’s company largely unscathed. On Tuesday, Jio said it will take steps including an appropriate increase in tariffs in the next few weeks.Reliance is now the world’s sixth-largest oil company, with Exxon Mobil Corp. topping the list with a market value of about $290 billion. Aramco, formally known as Saudi Arabian Oil Co., is planning an initial public offering with a valuation target of between $1.6 trillion and $1.7 trillion, which would make it the world’s biggest.(Updates with superlative on market value in fifth paragraph)\--With assistance from Ravil Shirodkar and P R Sanjai.To contact the reporter on this story: Debjit Chakraborty in New Delhi at dchakrabor10@bloomberg.netTo contact the editors responsible for this story: Serene Cheong at scheong20@bloomberg.net, Rakteem Katakey, Abhay SinghFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Do Institutions Own Reliance Industries Limited (NSE:RELIANCE) Shares?
    Simply Wall St.

    Do Institutions Own Reliance Industries Limited (NSE:RELIANCE) Shares?

    The big shareholder groups in Reliance Industries Limited (NSE:RELIANCE) have power over the company. Institutions...

  • Reliance's Jio criticises telecom lobby warnings on sector health
    Reuters

    Reliance's Jio criticises telecom lobby warnings on sector health

    Jio Infocomm, the telecoms arm of Reliance Industries' , criticised on Thursday the industry lobby's push for the Indian government to intervene after a court ruling left rivals Bharti Airtel and Vodafone Idea facing billions of dollars in costs. India's Supreme Court last week upheld a demand by the Indian Department of Telecommunications (DoT) that wireless carriers pay nearly $13 billion in overdue levies and interest. After the court ruling the Cellular Operators Association of India (COAI) wrote to Telecommunications Minister Ravi Shankar Prasad on Oct. 29 to warn of an "unprecedented crisis" in the industry if the fines are imposed.

  • Indian lobby group warns of telecoms catastrophe, Reliance disagrees
    Reuters

    Indian lobby group warns of telecoms catastrophe, Reliance disagrees

    India's telecoms sector and leading players Bharti Airtel and Vodafone Idea will face an "unprecedented crisis" if the government refuses to relax its demand for $13 billion in outstanding dues, a lobby group says. Bharti and Vodafone Idea have been spooked by the Indian Supreme Court's decision last week to uphold a government demand that will force the companies to pay the bulk of 920 billion rupees ($13 billion) in overdue levies and interest. The Cellular Operators Association of India (COAI) lobby group has joined the fray, seeking the intervention of India's telecoms minister in a letter dated Oct. 29, arguing that such payments will lead to a crisis at the companies and cause distress for the sector as a whole.

  • Reliance to create $15 billion digital unit to pare telecom debt
    Reuters

    Reliance to create $15 billion digital unit to pare telecom debt

    India's Reliance Industries Ltd on Friday said it would invest nearly $15 billion to create a digital services company as it seeks to cut debt at its telecom venture, potentially making way for the entry of a strategic investor. Controlled by billionaire Mukesh Ambani, Reliance's debt burden has risen significantly since its telecoms unit Jio Infocomm entered India's crowded mobile market in late 2016 offering free voice calls and cut-price data to build a massive consumer base. The price war unleashed by Jio forced rivals to consolidate, driving companies such as Reliance Communications, controlled by Ambani's younger brother, and Aircel out of business.

  • India's Reliance to create $15 billion digital unit to pare telecom debt
    Reuters

    India's Reliance to create $15 billion digital unit to pare telecom debt

    India's Reliance Industries Ltd on Friday said it would invest nearly $15 billion to create a digital services company as it seeks to cut debt at its telecom venture, potentially making way for the entry of a strategic investor. Controlled by billionaire Mukesh Ambani, Reliance's debt burden has risen significantly since its telecoms unit Jio Infocomm entered India's crowded mobile market in late 2016 offering free voice calls and cut-price data to build a massive consumer base. The price war unleashed by Jio forced rivals to consolidate, driving companies such as Reliance Communications, controlled by Ambani's younger brother, and Aircel out of business.

  • Reliance reaps record profit from consumer-facing growth
    Reuters

    Reliance reaps record profit from consumer-facing growth

    Indian oil-to-telecoms conglomerate Reliance Industries said strong growth in its consumer-facing businesses lifted second quarter net profit by 18.3% year-on-year to a record total. Consolidated net profit rose to 112.62 billion Indian rupees ($1.58 billion) in the three months ended Sept. 30, the country's largest company by market value said on Friday. Analysts on average had expected a profit of 111.71 billion rupees, according to Refinitiv data.

  • Reuters

    Exclusive: India's Nayara supplying fuel to Rosneft in exchange for Venezuelan oil - sources

    NEW DELHI/MEXICO CITY (Reuters) - India's Nayara Energy has been using Russian giant Rosneft as an intermediary to acquire Venezuelan oil, paying it in fuel rather than cash to avoid violating U.S. sanctions, three sources with knowledge of the transactions said. The United States in January prohibited U.S.-dollar transactions for oil sales from Venezuela's PDVSA or its units, a measure intended to cut off cash flows and increase pressure on President Nicolas Maduro, whose 2018 re-election has been dismissed as a sham by Washington. The sanctions have made some banks wary of processing any transaction for Venezuelan oil, even if the seller is not the state-run company.

  • India's Reliance to resume Venezuela oil loadings after four-month pause
    Reuters

    India's Reliance to resume Venezuela oil loadings after four-month pause

    MEXICO CITY/MUMBAI (Reuters) - Indian refiner Reliance Industries Ltd is scheduled to resume loading Venezuelan crude in October after a four-month pause, according to sources and internal documents from PDVSA seen by Reuters, a move that could help Venezuela's state-run company drain its large oil inventories. The United States in January imposed the toughest sanctions yet on Venezuela's oil industry, depriving the OPEC member of the main destination for its crude exports. The measures have scared away several of PDVSA's largest customers and tanker operators, causing a fast accumulation of unsold crude that forced the Venezuelan company last month to reduce output.

  • Reliance Jio does U-turn on call charges
    Reuters

    Reliance Jio does U-turn on call charges

    India's Reliance Industries Ltd's telecom arm Jio said on Wednesday it will charge its customers for voice calls made through its network to other operators as it racks up fees to rivals. The move goes back on a promise Jio made in 2016 to keep all voice calls free. Operators such as Jio have to pay fees when calls are made from one network to another, to cover the use of a rival's network.

  • Reuters

    India's Eros Now ties up with Microsoft's Azure platform

    India's Eros Now said on Thursday it is tying up with Microsoft's Azure cloud platform to host and stream its digital video offerings, in a boost to the U.S. software giant's push to expand in the Indian market. As part of the tie-up, Microsoft will build an online video platform for the Bollywood production house, which will offer interactive voice search features in multiple Indian regional languages. This is one of Microsoft's first forays into India's crowded digital video space, so far dominated by market leader Amazon Web Services (AWS) that is used by players such as Walt Disney-backed portal Hotstar and Indian movie and video streaming platform ALTBalaji, among others.