|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||1,120.50 - 1,139.00|
|52 Week Range||871.00 - 1,329.00|
|Beta (3Y Monthly)||1.29|
|PE Ratio (TTM)||17.78|
|Forward Dividend & Yield||6.00 (0.54%)|
|1y Target Est||1,266.39|
India's Reliance, operator of the world's biggest refining complex, and top oil exporter Saudi Arabia will explore joint investments in refining and petrochemicals in the two countries, Saudi Arabian Energy Minister Khalid al-Falih said. Al-Falih tweeted that he met Reliance Industries chairman Mukesh Ambani and they discussed joint investment opportunities and cooperation in petrochemicals, refining and telecoms in their two countries.
As the celebrations from what many in India are calling the wedding of the year wind down, all eyes are now turning to the multi-million dollar mansion that Isha Ambani, the daughter of India's richest man will move into with husband, Anand Piramal. The 50,000 square-foot mansion, which stands in the swanky locality of Worli in South Mumbai and has sweeping views of the Arabian Sea and the Sea-Link bridge is still a step down for the bride, given her father's home is more than eight times that size. Isha's father is Mukesh Ambani, a telecom and petroleum magnate whose net worth is pegged at $43 billion, and whose 27-floor, 400,000 square foot Tetris-tower-like residence is a prominent structure on the Mumbai skyline.
As an investor, I look for investments which does not compromise one fundamental factor for another. By this I mean, I look at stocks holistically, from their financial health to Read More...
Such pitches -- part tutorial, part kitsch -- are boosting web adoption in what is already the world’s fastest-growing major internet market. Facebook Inc., WhatsApp’s parent, and India’s richest man, who started Reliance Jio, are teaming up to draw hordes of customers with cheap phones, rock-bottom rates and handy messaging services. Reliance Jio and WhatsApp wouldn’t comment directly on future plans, but experts see more collaboration as inevitable.
WASHINGTON/NEW DELHI (Reuters) - Venezuela's state-run PDVSA has shipped a crude cargo valued at $35 million as partial payment to Indian oil company ONGC Videsh Ltd for overdue dividends from a joint venture, according to two people familiar with the matter. The payment is based on an agreement signed in 2016 by PDVSA and ONGC Videsh, the overseas investment arm of India's Oil and Natural Gas Corp (ONGC.NS), to repatriate about $530 million in dividends due from their San Cristobal oil project in Venezuela.
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SINGAPORE/NEW DELHI (Reuters) - Reliance Industries (RELI.NS), currently India's second most valuable listed company, got rich by trading fuel across Asia, Africa and Europe while effectively ignoring its home market. Reliance's refineries processed crude from the nearby Middle East and sold fuel to fast-growing markets in North Asia including China, Japan, South Korea and Taiwan. This push into the domestic fuel market may stumble after India's government imposed cost controls on Oct. 4 on gasoline and diesel prices to rein in recent record highs.
(Reuters) - Indian shares fell over 1 percent for the second consecutive session on Friday, dragged by Reliance Industries Ltd after its second-quarter performance failed to please investors, while non-banking ...
Shares in Reliance Industries dropped as much as 7 percent on Friday, the first trading session after it reported record second-quarter results, weighed down by the company's heavy debt and a delay in a key refining project. Indian markets were closed for a holiday on Thursday, but shares in Reliance took a hit on Friday with some investors concerned by the company's debt load and the delay in its $5 billion petcoke gasifier project. Analysts have been counting on the project upgrade, which could boost Reliance's gross refining margins from next quarter.
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India's Reliance Industries Ltd (RELI.NS), owner of the world's biggest refining complex, has halted imports of Iranian crude ahead of U.S. sanctions against Tehran's oil sector, its joint chief financial officer said. The United States plans to impose new sanctions on Iran's oil sector from Nov. 4 in a bid to curb Iranian involvement in conflicts in Syria and Iraq and bring Tehran to the negotiating table over its ballistic missile programme. V. Srikanth said Reliance has boosted purchases from other Middle Eastern suppliers and the United States to make up for the loss of Iranian barrels and reduced intake of Venezuelan oil.
Indian oil-to-telecoms conglomerate Reliance Industries Ltd announced on Wednesday it will acquire controlling stakes in two local cable TV and Internet service providers, expediting the rollout of its new fibre broadband service. Reliance, controlled by India's richest man Mukesh Ambani, said it will acquire a 51.3 percent stake in Hathway Cable and Datacom Ltd for 29.40 billion rupees ($399 million). It will also purchase new shares worth 20.45 billion rupees and buy secondary shares for 2.45 billion rupees for a 66 percent stake in Den Networks Ltd, it said in a statement.
Asia's richest man - to make Reliance's consumer businesses as big as its energy operations, which currently contribute the bulk of group revenues and profits. Jio marked a fourth straight quarter of profit in June-September, of 6.81 billion rupees ($93 million), compared with a loss in the same period last year. Reliance, which in August became the first Indian company to reach a market value of 8 trillion rupees, said group consolidated profit rose more than 17 percent in June-September to 95.16 billion rupees.
(Reuters) - India's Reliance Industries Ltd on Wednesday posted a higher consolidated profit for the July to September period, helped by a strong profit in its petrochemicals segment.
(Reuters) - Indian shares ended more than one percent lower on Wednesday, dragged by financial stocks such as Indiabulls Housing Finance Ltd and Yes Bank Ltd amid liquidity concerns. The benchmark BSE ...
Global oil major BP said on Monday fuel price controls were "not good", days after India asked state-run fuel retailers to shield customers from record-high costs by cutting margins. BP has a tie-up with Reliance Industries, owner of the world's biggest refining complex, to enter India's downstream sector, including natural gas marketing and retail fuel sales. "I think that price controls are a kind of thing that will not be good for the sector in the longer term," Bob Dudley, Group Chief Executive of BP, said at the India Energy Forum organised by IHS CERA.
India's oil imports from Iran edged up in September from the previous month as refiners pushed back loading of some August cargoes due to a delay in obtaining government approval to use Iranian ships and insurance, data obtained from sources showed. Last month, India shipped in about 528,000 barrels per day (bpd) oil from Iran, about 1 percent more than the 523,000 bpd of August and about 27 percent more than a year earlier, tanker arrival data obtained from shipping and industry sources showed. Data from other sources, such as from the Institute of International Finance, show that Iranian oil exports are declining before the United States imposes sanctions on Iran's oil sector on Nov. 4 after pulling out of an international agreement on Iran's nuclear activities.
(Reuters) - Indian shares snapped three sessions of losses and ended higher on Monday, after swinging between gains and losses through the day, as oil marketing companies continued to drive gains, while ...
Emerging market stocks were headed on Friday for their worst weekly losses since early February, while a rise in U.S. Treasury yields to seven-year highs kept a lid on emerging market currencies before U.S. jobs data are released. Signs that the U.S. economy is forging ahead even as developing countries struggle with local currency crises, trade disputes and political problems have encouraged investors to dump emerging market assets this year. The 10-year U.S. Treasury yield held near a seven-year high as markets braced for a report on Friday that is expected to show another solid month for U.S. non-farm payrolls in September.
India is cutting prices of gasoline and diesel by 2.50 rupees ($0.03) a litre, Finance Minister Arun Jaitley said on Thursday, the government's latest step to tackle the impact of a sharp rise in crude oil prices and a weak local currency. The cut includes a reduction in excise duty of 1.50 rupees per litre, which will reduce government revenue by 105 billion rupees, Jaitley said. Jaitley also asked state governments to cut value added tax on fuel by a further 2.50 rupees per litre.
(Reuters) - Indian shares plunged over 2 percent on Thursday, dragged by energy stocks such as Reliance Industries and oil marketers, while the rupee hit an all-time low. Oil marketing companies slumped ...
(Reuters) - Indian shares ended higher on Monday snapping a three-session losing streak, boosted by financials such as Housing Development Finance Corp Ltd and IT bellwether Tata Consultancy Services Ltd. ...