Reliance Industries Ltd (RELIANCE)

Reliance Industries Faces Stock Price Decline Amidst New Partnerships - 11 May, 2024

Reliance Industries has faced a decline in its stock price over the past week, while also announcing new partnerships. JioCinema Premium is set to launch an extensive lineup of anime content in India, while OnePlus joins forces with JioMart Digital to expand its retail footprint. The company's consolidated net profit also declined in Q4 FY24.

Reliance Reports Flat Growth; Jio Launches New Postpaid Plan - 10 May, 2024

Reliance Industries reported a marginal growth of 0.1% in consolidated net profit for Q4 FY24. Meanwhile, Jio launched a new postpaid plan aimed at avid streamers, offering unlimited data at 30 Mbps.

RIL Acquires Subsidiary & Reports Flat Growth in Net Profit - 09 May, 2024

Reliance Industries acquires a 100% stake in Reliance Chemicals for Rs 314.5 crore and reports flat growth in consolidated net profit at Rs 21,243 crore for Q4 FY24 amidst broad-based selling due to political uncertainty.

Reliance Acquires Subsidiary; Aviation Ministry Suggests Abolition of Import Duty on Private Planes - 08 May, 2024

Reliance Industries acquired a subsidiary engaged in manufacturing petrochemicals and hydrogen while civil aviation ministry suggested abolishing import duty on private planes owned by conglomerates like Reliance. The benchmark stock indices ended lower due to declines in heavyweights HDFC Bank, ICICI Bank, and Reliance Industries.

Reliance Industries Merges with Walt Disney's India Unit - 07 May, 2024

Reliance Industries merges with Walt Disney's India unit and Viacom18 to create one of India's largest TV and digital streaming platforms. Tesla explores potential joint ventures with Reliance Industries for manufacturing facilities in India.

Reliance Submits Bid for ACC Manufacture & Resubmits Request to Import Venezuelan Oil - 06 May, 2024

Reliance Industries submitted a technical bid for the production-linked incentives for manufacturing Advanced Chemistry Cells and resubmitted a request to the US for authorization to import crude oil from sanctioned Venezuela. Meanwhile, Reliance Retail's revenue growth slowed in Q1, while Vodafone Idea focused on expanding its 4G network to compete with rivals.

Reliance Industries Faces Market Valuation Decline Amid Acquisition Wait - 05 May, 2024

Reliance Industries faces a decline in market valuation as six of the top-10 most valued firms experience a combined loss of Rs 68,417.14 crore. Meanwhile, IIHL awaits IRDAI approval for its acquisition of Reliance Capital under the insolvency and bankruptcy code for Rs 9,661 crore. Additionally, Reliance Retail's shift to liquid products is driving the growth of supermarkets in India.

Reliance Industries' Index Heavyweights Lead to Market Downturn; Jio Announces Venture with BlackRock - 04 May, 2024

Heavy profit booking in index heavyweights such as Reliance Industries led to BSE Sensex and NSE Nifty nosediving by over 1.3%. Meanwhile, Jio Financial Services announced a partnership with BlackRock to establish a wealth-management and brokerage outfit.

Investments and Target Price Boosts for Reliance Industries - 03 May, 2024

Reliance Industries receives investments from ADIA and KKR worth Rs 12,864 crore and Bank of America raises its target price on tariff hike expectations. However, the stock falls due to a market sell-off.

Reliance Industries Invests in Green Hydrogen as Shareholders Remain Cautious - 02 May, 2024

Reliance Industries invests in a new energy ecosystem while its earnings report fails to impress shareholders due to concerns over dilution. The Mobile Virtual Network Operator (MVNO) industry in India is dying due to competition from Reliance Jio. Analysts advise investors to remain cautious about Nifty 50 heavyweights, including RIL. Meanwhile, Reliance Retail expands into nail care.

Reliance Expands Distribution Network; Plans Satellite Broadband Services - 01 May, 2024

Reliance Industries' subsidiary, Reliance Retail, expands its distribution network as Chinese smartphone firms rely on it to reach stores in India. Meanwhile, Reliance's Jio Satellite Communications plans to offer satellite broadband services in India using satellite spectrum.

Reliance Industries Ltd Expands Business Operations Across Various Sectors - 30 Apr, 2024

Reliance Industries is expanding its business operations across various sectors including consumer products, telecom, energy, and more. The company has bought 2 million barrels of Canadian crude from Shell, while JioCinema has slashed prices for premium subscriptions. COAI claims that routers sold on e-commerce platforms are interfering with mobile networks. NRIs and OCIs can now own up to 100% in global funds set up at the Gift City. Kartikeya Dube has been appointed as the new India head of BP.

Reliance Industries Watched Amid Tariff Hike Expectations and Oil Price Concerns - 29 Apr, 2024

As Motilal Oswal Asset Management Co.'s CIO Niket Shah holds Reliance Industries in his portfolio, he expects a likely tariff increase to boost the telecom sector. Meanwhile, India is monitoring developments in the Middle East that could affect crude oil prices and, in turn, Reliance Industries' revenue and profits. Additionally, Jio Financial Services plans to expand its services with the appointment of Kusal Roy as CEO of Jio Finance Ltd.

Reliance to Operate Cargo Terminals, Bharti & Jio May Follow Tariff Hike - 28 Apr, 2024

Reliance Industries will operate Gati Shakti Cargo Terminals across several Indian states. Meanwhile, a report suggests that Bharti Airtel and Reliance Jio may increase tariffs following Vodafone Idea Limited's lead, with the latter eyeing increased profitability ahead of a potential IPO.

Reliance Industries Receives Fuel Oil After Brief Halt Due to Sanctions - 27 Apr, 2024

S&P Global Ratings and Fitch Ratings forecast earnings growth for Reliance Industries Ltd, while the company resumes receiving fuel oil from Sovcomflot-controlled ships after a brief halt due to U.S. sanctions.

Reliance Industries Receives Vote of Confidence Amidst Fuel Oil Delivery and Robust Sales - 26 Apr, 2024

Reliance Industries has received a vote of confidence from S&P and Fitch following its strong earnings. The company also received a delivery of fuel oil from Sovcomflot despite sanctions, while Reliance Retail's FY24 sales surpassed those of India's top seven consumer giants combined.

Reliance Industries Sees Revenue Growth Despite Missed Expectations - 25 Apr, 2024

Reliance Industries reports revenues 4.1% below expectations at ₹9.0t, but analysts predict a 12% increase in revenue to ₹10t by 2025. JioCinema slashes premium prices to compete with Netflix and Amazon.

Mixed News for Reliance Industries - 24 Apr, 2024

Reliance Industries' Q4 results show a decrease in topline and profit YoY. Analysts raise or retain share price targets on the company following its mostly in-line March quarter results. However, Reliance shares end over 1% lower amid profit-taking following the earnings announcement. RBI warns that extreme weather events may pose a risk to India's inflation in the near-term.

Reliance Industries Reports Strong Q4 Performance and Pre-Tax Profit Milestone - 23 Apr, 2024

Reliance Industries posts a net profit of Rs 18,951 crore in Q4 FY24, with growth across all business segments. Analysts raise price targets and see multiple catalysts for re-rating. The company becomes the first Indian firm to report a pre-tax profit of over Rs 1 Lakh crore in FY24. Reliance Jio and Bharti Airtel plan to monetize their 5G networks post-election.

Reliance Industries Reports Strong Q4 Earnings - 22 Apr, 2024

Reliance Industries reported a net profit of Rs 21,243 crore for the March quarter, with gross revenue rising 10.8% YoY to Rs 2.65 lakh crore. The company's pre-tax profit crossed the Rs 1 lakh crore threshold, led by growth in consumer and oil-to-chemicals businesses.