RELIANCE.NS - Reliance Industries Limited

NSE - NSE Real Time Price. Currency in INR
1,470.50
-1.25 (-0.08%)
As of 11:29AM IST. Market open.
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Previous Close1,471.75
Open1,474.05
Bid1,470.45 x 0
Ask1,473.30 x 0
Day's Range1,470.05 - 1,494.40
52 Week Range1,095.30 - 1,617.55
Volume5,455,160
Avg. Volume7,966,778
Market Cap9.322T
Beta (5Y Monthly)0.69
PE Ratio (TTM)20.67
EPS (TTM)71.15
Earnings DateN/A
Forward Dividend & Yield6.50 (0.43%)
Ex-Dividend DateAug 02, 2019
1y Target Est1,268.86
  • Reliance seeks to counter India plastics pushback with new road project
    Reuters

    Reliance seeks to counter India plastics pushback with new road project

    Reliance Industries, India's largest petchem player, is launching a project to use plastics in road construction, amid growing concerns over pollution in the country of 1.3 billion whose major cities are often plagued with smog and litter. India, which uses about 14 million tonnes of plastic annually, lacks an organised system for management of plastic waste, leading to widespread littering. Prime Minister Narendra Modi is urging India to end consumption of single-use plastics by 2022.

  • Billionaire Ambani's Reliance posts record profit on consumer strength
    Reuters

    Billionaire Ambani's Reliance posts record profit on consumer strength

    MUMBAI/BENGALURU (Reuters) - Indian oil-to-telecoms conglomerate Reliance Industries Ltd posted another record quarterly profit on Friday, as double-digit growth at its consumer-facing businesses cushioned weakness in its energy divisions. Revenue at its retail and telecoms units each jumped more than 25% in the December quarter as the company, headed by Asia's richest man, Mukesh Ambani, invests heavily to bring them on par with its dominant petrochemicals and refining businesses. "We saw consistent same-store sales growth and record footfall across our stores," Ambani said in a statement, with the remarks coming when growth in Asia's third-largest economy has slowed to multi-year lows.

  • India's richest man is ready to take on Amazon and Walmart's Flipkart
    TechCrunch

    India's richest man is ready to take on Amazon and Walmart's Flipkart

    As Amazon and Walmart-owned Flipkart spend billions to make a dent in India's retail market and reel from recent regulatory hurdles, the two companies have stumbled upon a new challenge: Mukesh Ambani, Asia's richest man. Reliance Retail and Reliance Jio, two subsidiaries of Ambani’s Reliance Industries, said they have soft-launched JioMart, their e-commerce venture that works closely with neighborhood stores, in parts of the state of Maharashtra -- Navi Mumbai, Kalyan and Thane. In an email to Reliance Jio users, the two aforementioned subsidiaries that are working together on the e-commerce venture said they plan to expand the service to many parts of India in coming months.

  • Reliance calls government move to enforce arbitration payment 'premature'
    Reuters

    Reliance calls government move to enforce arbitration payment 'premature'

    India's biggest company Reliance Industries Ltd has called a government move to try and force the refinery-to-telecoms behemoth to pay dues from an offshore oil and gas field "premature" with an arbitration process still underway. The government and Reliance, along with partner Royal Dutch Shell Plc, are locked in a battle over the Panna-Mukta and Tapti offshore oil and gas field to the west of the country, with the government claiming it is owed revenue from the operators of the block. On Saturday, local daily the Times of India, citing an affidavit filed in the Delhi High Court, reported that the government in September sought to block the sale of a 20% stake in Reliance's refinery and petrochemicals business to oil giant Saudi Aramco unless Reliance makes the payments from the offshore field.

  • Reliance Industries acquires a majority stake in SaaS startup NowFloats for $20M
    TechCrunch

    Reliance Industries acquires a majority stake in SaaS startup NowFloats for $20M

    Reliance Industries, one of India's largest industrial houses, has acquired a majority stake in NowFloats, an Indian startup that helps businesses and individuals build online presence without any web developing skills. In a regulatory filing on Thursday, Reliance Strategic Business Ventures Limited said (PDF) it has acquired an 85% stake in NowFloats for 1.4 billion Indian rupees ($20 million). Seven-and-a-half-year old, Hyderabad-headquartered NowFloats operates an eponymous platform that allows individuals and businesses to easily build an online presence.

  • 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.

  • 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.

  • 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.