|Bid||908.15 x 0|
|Ask||0.00 x 0|
|Day's Range||895.75 - 911.95|
|52 Week Range||616.67 - 990.95|
|PE Ratio (TTM)||15.51|
|Forward Dividend & Yield||5.50 (0.61%)|
|1y Target Est||1,041.54|
Holders of the debt-laden telecom operator's $300 million bonds have also approved the monetisation of other real-estate assets, RCom said in a statement. RCom also got approval for the partial release of noteholder collateral to help the sale get underway, the company said, adding the proceeds would be used for partial redemption of notes. RCom last week had moved the Supreme Court in a desperate attempt to complete the asset sale and to also avoid going to the National Company Law Tribunal, according to a report in The Economic Times.
Reliance Industries Limited (NSEI:RELIANCE) is trading with a trailing P/E of 16.2x, which is lower than the industry average of 21.5x. Although some investors may jump to the conclusion thatRead More...
Telecom operators bled out—Aircel even went bankrupt—after Mukesh Ambani-owned Reliance Industries entered the sector with Jio in September 2016. Now, a similar threat looms in the direct-to-home (DTH) television segment as, once again, Reliance Digital TV sparks a potential price war. On Feb. 28, Reliance Digital TV announced its offer of up to 500 channels…
* India's upstream regulator approves three field development plans involving investment of about $4 billion in an east coast block * Reliance Industries Ltd owns 60 percent of KG-DWN-98/3, while BP Plc ...
Asian spot LNG prices for April delivery rose this week amid renewed Japanese purchases and as supply from the United States continued to lag, but the Lunar New Year kept Chinese buyers sidelined. Spot prices for April (LNG-AS) delivery in Asia were assessed at $8.40 per million British thermal units (mmBtu) this week, 50 cents above last week's levels. Tohoku Electric is estimated to have paid $8.30-$8.40 per million British thermal units (mmBtu) for a cargo due on April 5-20, traders said.
MUMBAI (Reuters) - India's Reliance Industries Ltd (RELI.NS) and global technology companies will invest 600 billion rupees (6.65 billion pounds) over 10 years to set up an integrated industrial area in ...
India's Reliance Industries Ltd and global technology companies will invest 600 billion rupees ($9.34 billion) over 10 years to set up an integrated industrial area in the western state of Maharashtra, the company's chairman Mukesh Ambani said. More than 20 global firms including Cisco, Siemens, Corning Inc., HP, Dell, Nokia and Nvidia had agreed to invest in the project with Reliance, India's largest listed company by market value, he said.
Asian spot liquefied natural gas (LNG) prices for April delivery showed a steep discount to March prices but the spread could tighten due to falling U.S. output, low South Korean inventory levels and buyers delaying purchases. Spot prices for April (LNG-AS) delivery in Asia were assessed at $7.90 per million British thermal units (mmBtu) this week. Declining feed-gas supply at Cheniere Energy's Sabine Pass liquefaction plant in Louisiana may squeeze exports and lift Asian prices if production suffers for an extended period of time.
Reliance Industries Limited (NSEI:RELIANCE) delivered a less impressive 12.43% ROE over the past year, compared to the 12.43% return generated by its industry. Though RELIANCE’s recent performance is underwhelming, itRead More...
Asian spot liquefied natural gas (LNG) prices rebounded this week as persistently cold weather in North Asia forced buyers to enter the spot market to replenish inventory. Spot prices for March (LSG-AS) delivery in Asia climbed 40 cents to $10.60 per million British thermal units (mmBtu) this week, according to several LNG traders in Asia. Cargoes for delivery in the first half of March are trading between $10.70 and $11 per mmBtu while cargoes for the second half of the month are trading at just above $10 a barrel, they said.
There are a number of reasons that attract investors towards large-cap companies such as Reliance Industries Limited (NSEI:RELIANCE), with a market cap of IN₨5.14T. Market participants who are conscious ofRead More...
Analyzing Reliance Industries Limited’s (NSEI:RELIANCE) track record of past performance is a valuable exercise for investors. It enables us to reflect on whether or not the company has met expectations,Read More...
OurCrowd, a leading global equity crowdfunding platform, today announced that its Labs/02 seed stage incubator will invest in up to 100 early stage companies over the next ten years.
Reliance Industries Limited (NSEI:RELIANCE) saw a decent share price growth in the teens level on the NSEI over the last few months. With many analysts covering the large-cap stock, weRead More...
MUMBAI/BENGALURU (Reuters) - Reliance Industries Ltd expects its earnings to increase further in the coming quarters after they hit a record in the third quarter, helped by the first-ever profit at its Jio telecoms business. Reliance Jio Infocomm Ltd, in which the conglomerate has invested more than $30 billion, reported its first quarterly profit of 5.04 billion rupees ($78.97 million). Reliance, India's largest listed company by market value, said its consolidated net profit rose about 25 percent in the quarter from a year earlier to a record 94.23 billion rupees.
Moody’s Investors Service estimates Jio, the mobile carrier run by India’s richest man, may invest as much as $23 billion on capital spending over three to four years as it expands beyond wireless services....
India's Reliance Industries has declared a 30 percent increase in the installed capacity of its export-focused oil refinery, a government report showed, increasing the size of the world's largest refinery complex. India's Petroleum Planning & Analysis Cell (PPAC) in its October report showed 35.2 million tonnes a year as the installed capacity of Reliance's refinery in the special economic zone (SEZ) at Jamnagar, in northwest India.
Debt-laden Reliance Communications (RLCM.NS) has signed a deal to sell its wireless assets to Reliance Jio Infocomm for nearly 240 billion rupees (£2.78 billion), two sources familiar with the matter told Reuters on Friday. The two companies had announced late on Thursday that Reliance Communications, backed by businessman Anil Ambani, would sell all its spectrum, tower, fibre optic and other telecom infrastructure assets to Jio, which is owned by Reliance Industries (RELI.NS) and is controlled by Anil Ambani's elder brother Mukesh Ambani, India's richest person.
Debt-laden Reliance Communications has signed a deal to sell its wireless assets to Reliance Jio Infocomm, for a total value of nearly 240 billion rupees ($3.75 billion), two sources familiar with the matter told Reuters on Friday. The two companies had announced late on Thursday that Reliance Communications, backed by businessman Anil Ambani, would sell all its spectrum, tower, fiber optic and other telecom infrastructure assets to Jio, which is owned by Reliance Industries and is controlled by Anil Ambani's elder brother Mukesh Ambani, India's richest person.
Anil Ambani's debt-laden Reliance Communications Ltd has signed an agreement to sell its wireless assets to Reliance Jio Infocomm Ltd, the telecoms arm of elder brother and billionaire Mukesh Ambani's oil conglomerate Reliance Industries Ltd, both the companies said in separate statements on Thursday. The sale comprises of all spectrum, tower, fibre optic and other telecom infrastructure assets of Reliance Communications and is subject to government and other regulatory approvals, the statements said. The sale marks the return of the telecom company back to the fold of Reliance Industries, which forayed into telecoms in 2002, spearheaded by elder Ambani, under the name of Reliance Infocomm Ltd.
India's Reliance Communications Ltd outlined on Tuesday a plan to cut its debt by 390 billion rupees ($6.09 billion) underpinned by the sale of assets for which some non-binding offers had already been made. Reliance Communications (RCom) said on Tuesday it would involve no write-offs to lenders or bondholders, nor conversion of debt to equity. The firm will exit the "strategic debt restructuring" process that allows lenders to conduct takeovers by swapping loans for equity, Anil Ambani, the businessman backing the company, told a news conference on Tuesday.
India's Reliance Industries Ltd will become a major provider of clean energy in the country, Chairman Mukesh Ambani said, as the South Asian nation transitions to renewable energy sources from fossil fuels. India is one of the world's biggest users of coal, and renewable energy such as solar power is a priority for Prime Minister Narendra Modi's government.