Reliance Industries Ltd (RELIANCE)

Regulatory Changes and New Offers Impact Reliance Industries Ltd. - 26 Jul, 2024

Reliance Industries faces regulatory changes as the National Green Tribunal stays a fine imposed by the Central Pollution Control Board. Meanwhile, Reliance Jio offers a 30% discount to new users of its 5G fixed wireless access service, JioAirFiber. The Petroleum and Natural Gas Regulatory Board also announces an upward revision in tariffs for pipelines transporting petroleum products.

Reliance Industries Faces Fine, Offers Discount Amid Drone Investment and IoT Partnership - 25 Jul, 2024

Reliance Industries faces a fine from the National Green Tribunal while offering discounts on new AirFiber connections. The company's investment in Asteria Aerospace is expected to benefit it in the growing drone technology sector. Meanwhile, JioThings has partnered with MediaTek to launch an IoT platform for the electric two-wheeler market in India.

Reliance Industries Receives Approval to Import Venezuelan Oil Despite Sanctions - 24 Jul, 2024

Reliance Industries received US approval to resume importing Venezuelan oil despite sanctions. Additionally, Reliance New Energy acquired the remaining shares in Reliance Lithium Werks for €3.7 million, while the company's stock price was affected by Union Budget volatility.

Reliance Industries Shares Fall After Weak Q1 Results - 23 Jul, 2024

Reliance Industries shares dropped by 3% after the company's Q1 results showed an 18% sequential decline in consolidated net profit. Additionally, Reliance Jio implemented a price hike, while both Jio and Airtel expanded their 5G offerings.

Mixed Bag for Reliance Industries - 22 Jul, 2024

Reliance Industries faces mixed fortunes as Nuvama increases its price target while brokerages flag downside risks to earnings forecasts. The company's Q1FY25 profits decline YoY by 5.5%, with consolidated EBITDA dropping 9% QoQ. Additionally, the Competition Commission of India has sent nearly 100 queries regarding the company's merger with Walt Disney.

Mixed Results for Reliance Industries in Q1 FY25 - 21 Jul, 2024

Reliance Industries reports a drop in Q1 net profit due to lower fuel cracks and petrochemical margins. The company is pinning its hopes on the US driving season to improve refining prospects in FY25. Meanwhile, Reliance Retail has rapidly scaled its B2B outlets store count. RIL's Q1 performance missed Street estimates, reflected in the decline of its global depositary receipts. However, the company's consolidated revenue grew by 11.5% YoY in Q1, driven by Jio Platforms' profit jump.

Reliance Industries' Q1 Profits Fall Short of Expectations - 20 Jul, 2024

Reliance Industries' Q1 profits fell short of expectations due to declining refining margins, resulting in a drop in operating profit margin. However, Deven Choksey believes that Jio and Retail will be future game changers for Reliance.

Reliance Industries Reports Resilient Q1 Performance - 19 Jul, 2024

Reliance Industries reported a resilient financial performance in the fiscal first quarter ended June 30, with consolidated EBITDA improving from a year ago due to strong contribution from consumer and upstream businesses offsetting weak O2C operating environment. The company registered an 11.5% YoY growth in gross revenue at Rs 2,57,823 crore for the quarter.

Mixed Expectations for Reliance Industries' Q1 Results - 18 Jul, 2024

Reliance Industries is expected to post modest quarterly earnings growth on July 19, bolstered by its telecom and retail segments. However, there may be a decline in the oil-to-chemicals business due to weaker gross refining margins. Analysts anticipate modest YoY growth in revenue and net profit for Q1FY25, but expect a sequential decline in EBITDA. Meanwhile, Reliance Jio continues to add subscribers, while tariff hikes have led to customer churn.

Mixed Expectations for Reliance Industries' Q1FY25 Results - 17 Jul, 2024

Reliance Industries is expected to report mixed results for Q1FY25, with analysts predicting modest growth in revenue and net profit but a sequential decline in EBITDA due to challenges in the oil-to-chemicals segment. The company added 2.19 million new mobile customers in May 2024, while its retail division dominated PE investments. Communications minister met with top industry executives.

Reliance Jio Gains Wireless Users, Receives Demand Notice for Spectrum Payments - 16 Jul, 2024

Reliance Jio gained 21.9 lakh wireless users in May, while DoT issued demand notices for 5G spectrum payments. Jio Financial Services reported a drop in Q2 profits but is focusing on expanding lending products and digital initiatives. Crisil Ratings predicts a 25% increase in ARPU for Indian telecoms.

Mixed News Affects Reliance Industries Stock - 15 Jul, 2024

Reliance Industries' stock is affected by a mix of news including optimism in the telecom sector, Jio's price hike, upcoming Q1 results announcement, and expected muted earnings due to strong Q4 performance and fall in refining space.

Demand for Margin Trading Facility Rises Amid Regulatory Tweaks; Anant Ambani Weds - 13 Jul, 2024

Reliance Industries Ltd sees increased demand for margin trading facility amid recent regulatory changes. Meanwhile, Anant Ambani, the youngest son of Mukesh Ambani, marries Radhika Merchant.

Reliance Industries Faces Modest Growth Predictions - 12 Jul, 2024

Reliance Industries may face sequential weakness and modest YoY growth in Q1FY25 earnings due to lower refining margins. BOB Capital Markets raised target price for RIL shares to Rs 3,610 after Reliance Jio announced a substantial tariff hike of 13-25%. Investec and BofA Securities believe recent tariff hikes will enhance cash flows and return ratios across the telecom sector.

Reliance Industries Plans Debt Refinancing and Major IPO - 11 Jul, 2024

Reliance Industries is reportedly planning to borrow $500 million to refinance debt and its subsidiary is seeking a loan of 12-15 years. Meanwhile, Reliance Jio is gearing up for a major IPO in 2025 that could contribute to an increase in the share price of Reliance Industries. Telecom service providers have called for a special regime to carry forward business losses up to 16 years.

Reliance Acquires Stake in MEL, Launches JioTag Air - 10 Jul, 2024

Reliance Industries acquires a 26% stake in Mahan Energen Ltd (MEL), while introducing an affordable asset tracker, JioTag Air. The Sensex and Nifty rebounded, and COAI recommended reducing license fees and duties on telecom equipment. Analysts predict steady growth for Q1 FY25 for Reliance Jio, and the aggregate value of PE deals in Indian real estate rose in Q1 FY25.

Reliance Industries Diversifies Into Sports & Telecom Infrastructure - 09 Jul, 2024

Reliance Industries diversifies its business by launching a sports retail venture and collaborating with the government to upgrade telecom infrastructure. Additionally, Reliance Jio introduces new 5G plans while RIL acquires a 26% stake in a thermal power plant.

Reliance Industries Stock Rises Amid Tariff Hike Complaints - 08 Jul, 2024

Reliance Industries' stock rises as the company reports a surge in cash reserves and telecom sector workforce growth is expected to slow down. The Indian government denies allowing telcos to raise tariffs without regulation. Social media trends show complaints against Jio's tariff hike.

Reliance Industries Gains Help Indian Equity Indices End Week in Green - 07 Jul, 2024

Reliance Industries' gains have helped Indian equity indices end the week positively. The government has denied claims that it allowed Reliance, Airtel, and Jio to increase their tariffs without any regulation.

Reliance Industries Reports Record Revenue and Cash Reserves; Shein Expected to Disrupt Fast Fashion Market - 05 Jul, 2024

Reliance Industries reports its highest-ever revenue of over ₹9 lakh crore in FY24 with a net profit increase of 7.3% to ₹79,020 crore ($9.5 billion). The company's cash reserves also soared to $25 billion. Meanwhile, Shein's entry into the Indian fast fashion market is expected to shake up the industry.