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Reliance's $50 Billion Wipeout Shows Toll of Weak Earnings
Reliance Industries Ltd. has erased almost $50 billion in market capitalization since its peak in July as the most valuable Indian firm struggles with weakening earnings and an economic slowdown.
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Nvidia CEO Joins Hands With Mukesh Ambani To build AI Infrastructure In India
The two executives shared the stage at Nvidia's AI summit in Mumbai on Thursday and said a new major data center by Ambani's Reliance Industries Ltd. in India is set to use the latest chips from the chip giant.
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Nvidia AI Summit India Fireside Chat: Jensen Huang, Mukesh Ambani Join Hands to Build AI Infrastructure in India
Nvidia CEO Jensen Huang and the Chairman and the Managing Director of Reliance Industries Mukesh Ambani sat together for a fireside chat on Thursday. The fireside chat was hosted as a part of the Nvidia AI Summit India event and was focused on the company’s artificial intelligence (AI) strategy in India. During the conversation, Huang announced t...
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Reliance, Energy Stocks Lead Surge In Shares Ahead Of Lok Sabha Election Results
Lok Sabha PolIs: Indian shares surged on Monday, led by financials, index heavyweight Reliance Industries and energy stocks, after exit polls projected a third term for Prime Minister Narendra Modi's government in the recently concluded elections
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Sensex Recovers Slightly After Falling Over 1,000 Points
Sensex crashed over 1,000 points on Friday afternoon due to profit-booking and a decline in the share prices of blue-chip Reliance Industries, wiping out gains made in initial trading.
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EU's Chips Act Said to Get Approval on April 18, Likely to Cut EU's Reliance on US and Asian Semiconductors
The European Union's EUR 43 billion (nearly Rs. 3,84,120 crore) plan to boost its semiconductor industry and catch up with the United States and Asia is likely to get the green light from EU countries and lawmakers on April 18, people with direct knowledge of the matter said on Wednesday. The European Commission announced the Chips Act last year in...
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Reliance to Demerge Financial Services Arm, List Jio Financial Services on Stock Exchanges
Reliance Industries on Friday announced that it would demerge the company's financial services arm which would be listed on the stock exchanges, while shareholders would be issued one equity share of Jio Financial Services Ltd (JFSL) for every share they held in the company. The transaction is subject to customary statutory and regulatory approvals...
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Supreme Court Directs SEBI To Provide Documents Sought By Reliance Industries In Share Acquisition Probe
The Supreme Court today directed market regulator, the Securities and Exchange Board of India (SEBI), to give Reliance Industries Ltd (RIL) access to certain documents which have been relied upon by it in its probe into a share acquisition matter.
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Indian Shares End Higher; Reliance, Auto Stocks Jump
The NSE Nifty 50 index closed 1.05% higher at 17,136.55 and the S&P BSE Sensex was up 1.02% at 57,037.50 following a sharp selloff late on Tuesday, after Russia said it was starting a new stage of what it calls its special military operation in Ukraine.
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Financial, Auto Stocks Drive Indian Shares Lower As Investors Weigh Higher Oil Prices
A rally in information technology stocks and Reliance Industries had helped both indexes gain more than 1% in the previous session, with the early momentum helping them open higher on Wednesday only to give up the gains and settle lower by mid-day.
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Reliance Industries Invests Over Rs. 50 Crore In Electric Vehicle Start-Up Altigreen
Reliance has entered into an agreement with Altigreen for the subscription of 34,000 Series-A Compulsorily Convertible Preference Shares of face value Rs. 100 each for an aggregate consideration of Rs 50.16 crore
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Future Group Said to Challenge Court Order Blocking Reliance Retail Deal in Dispute With Amazon
Future Group will challenge a New Delhi court order that has blocked its $3.4 billion (roughly Rs. 24,800 crores) retail assets sale on objections of business partner Amazon, according to a source.
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Future Retail Will Go Into Liquidation if Reliance Deal Fails Amid Amazon Bid to Thwart Agreement
India's Future Retail will go into liquidation if its deal to sell assets to Reliance Industries fails, the group told a Singapore arbitrator while arguing against Amazon's bid to scupper the deal, a legal order seen by Reuters showed.
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Amazon Sends Legal Notice to Future Group Over Reliance Deal
Amazon.com said on Wednesday it has sent a legal notice to a promoter of Future Group, alleging the Indian retailer breached the terms of its contract by signing a deal with Mukesh Ambani's Reliance Industries .
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Reliance Offers Amazon $20 Billion Stake in Retail Arm: Report
Indian oil-to-telecoms conglomerate Reliance Industries is offering to sell a roughly $20 billion stake in its retail arm to Amazon.com, BloombergQuint reported on Thursday, citing Bloomberg News.
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Reliance's $50 Billion Wipeout Shows Toll of Weak Earnings
Reliance Industries Ltd. has erased almost $50 billion in market capitalization since its peak in July as the most valuable Indian firm struggles with weakening earnings and an economic slowdown.
-
Nvidia CEO Joins Hands With Mukesh Ambani To build AI Infrastructure In India
The two executives shared the stage at Nvidia's AI summit in Mumbai on Thursday and said a new major data center by Ambani's Reliance Industries Ltd. in India is set to use the latest chips from the chip giant.
-
Nvidia AI Summit India Fireside Chat: Jensen Huang, Mukesh Ambani Join Hands to Build AI Infrastructure in India
Nvidia CEO Jensen Huang and the Chairman and the Managing Director of Reliance Industries Mukesh Ambani sat together for a fireside chat on Thursday. The fireside chat was hosted as a part of the Nvidia AI Summit India event and was focused on the company’s artificial intelligence (AI) strategy in India. During the conversation, Huang announced t...
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Reliance, Energy Stocks Lead Surge In Shares Ahead Of Lok Sabha Election Results
Lok Sabha PolIs: Indian shares surged on Monday, led by financials, index heavyweight Reliance Industries and energy stocks, after exit polls projected a third term for Prime Minister Narendra Modi's government in the recently concluded elections
-
Sensex Recovers Slightly After Falling Over 1,000 Points
Sensex crashed over 1,000 points on Friday afternoon due to profit-booking and a decline in the share prices of blue-chip Reliance Industries, wiping out gains made in initial trading.
-
EU's Chips Act Said to Get Approval on April 18, Likely to Cut EU's Reliance on US and Asian Semiconductors
The European Union's EUR 43 billion (nearly Rs. 3,84,120 crore) plan to boost its semiconductor industry and catch up with the United States and Asia is likely to get the green light from EU countries and lawmakers on April 18, people with direct knowledge of the matter said on Wednesday. The European Commission announced the Chips Act last year in...
-
Reliance to Demerge Financial Services Arm, List Jio Financial Services on Stock Exchanges
Reliance Industries on Friday announced that it would demerge the company's financial services arm which would be listed on the stock exchanges, while shareholders would be issued one equity share of Jio Financial Services Ltd (JFSL) for every share they held in the company. The transaction is subject to customary statutory and regulatory approvals...
-
Supreme Court Directs SEBI To Provide Documents Sought By Reliance Industries In Share Acquisition Probe
The Supreme Court today directed market regulator, the Securities and Exchange Board of India (SEBI), to give Reliance Industries Ltd (RIL) access to certain documents which have been relied upon by it in its probe into a share acquisition matter.
-
Indian Shares End Higher; Reliance, Auto Stocks Jump
The NSE Nifty 50 index closed 1.05% higher at 17,136.55 and the S&P BSE Sensex was up 1.02% at 57,037.50 following a sharp selloff late on Tuesday, after Russia said it was starting a new stage of what it calls its special military operation in Ukraine.
-
Financial, Auto Stocks Drive Indian Shares Lower As Investors Weigh Higher Oil Prices
A rally in information technology stocks and Reliance Industries had helped both indexes gain more than 1% in the previous session, with the early momentum helping them open higher on Wednesday only to give up the gains and settle lower by mid-day.
-
Reliance Industries Invests Over Rs. 50 Crore In Electric Vehicle Start-Up Altigreen
Reliance has entered into an agreement with Altigreen for the subscription of 34,000 Series-A Compulsorily Convertible Preference Shares of face value Rs. 100 each for an aggregate consideration of Rs 50.16 crore
-
Future Group Said to Challenge Court Order Blocking Reliance Retail Deal in Dispute With Amazon
Future Group will challenge a New Delhi court order that has blocked its $3.4 billion (roughly Rs. 24,800 crores) retail assets sale on objections of business partner Amazon, according to a source.
-
Future Retail Will Go Into Liquidation if Reliance Deal Fails Amid Amazon Bid to Thwart Agreement
India's Future Retail will go into liquidation if its deal to sell assets to Reliance Industries fails, the group told a Singapore arbitrator while arguing against Amazon's bid to scupper the deal, a legal order seen by Reuters showed.
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Amazon Sends Legal Notice to Future Group Over Reliance Deal
Amazon.com said on Wednesday it has sent a legal notice to a promoter of Future Group, alleging the Indian retailer breached the terms of its contract by signing a deal with Mukesh Ambani's Reliance Industries .
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Reliance Offers Amazon $20 Billion Stake in Retail Arm: Report
Indian oil-to-telecoms conglomerate Reliance Industries is offering to sell a roughly $20 billion stake in its retail arm to Amazon.com, BloombergQuint reported on Thursday, citing Bloomberg News.
