Reliance Industries Ltd Share Price (RELIANCE)

Policy Changes Encourage Private Investment in Space Industry; IIFL Raises Jio's EV - 18 Apr, 2024

Reliance Industries is set to benefit from policy changes encouraging private investment in the space industry. Additionally, IIFL Securities raised Jio's Enterprise Value to $104 billion, predicting imminent tariff hikes and an IPO. Nokia reported a significant YoY fall in net sales in India, while Reliance Industries holds a majority stake in Hathway Cable & Datacom Limited.

Reliance Industries Eyes Expansion with Potential Acquisition and Green Energy Investment - 17 Apr, 2024

Reliance Industries is reportedly in talks to potentially acquire the loss-making 24Seven convenience chain. Additionally, Kandla Port has allocated land for Reliance to set up green hydrogen and ammonia production units, aiming to achieve a production target of 1.5 mmtpa of green hydrogen and 7 mmtpa of green ammonia at an estimated investment of Rs 1 trillion.

Reliance Industries Ventures Into Wealth Management Business Through JV With BlackRock - 16 Apr, 2024

Reliance Industries is set to enter the stockbroking and wealth management business through a joint venture with BlackRock. Additionally, Jio Financial Services has entered a JV with BlackRock to foray into wealth management and broking businesses in India. RIL's board will meet on April 22, 2024, to approve audited financial results and recommend dividends for FY 2023-24.

RIL's Joint Venture with BlackRock for Wealth Management Expansion - 15 Apr, 2024

Reliance Industries' subsidiary Jio Financial Services has entered into a joint venture with BlackRock for expanding wealth management and broking services in India. Axis Securities initiated a buy rating on RIL, increasing its target price by 20%. Former CFO of RIL, Alok Agarwal, joined Modulus Alternatives as an equity partner. Advisor to the President of El Salvador visited India and met with industry leaders in technology and infrastructure sectors, including Reliance on 5G technology. RIL to announce Q4 financial results on April 22.

Steady Q4 Expected for Reliance Jio, Airtel & Vodafone Idea - 14 Apr, 2024

Analysts predict largely stable Q4 revenues and profits for Reliance Jio, Bharti Airtel and Vodafone Idea, with potential for improved H1 performance due to anticipated tariff hikes.

Telecom Industry Prepares for Tariff Hike in India - 12 Apr, 2024

The Indian telecom industry is preparing for a significant tariff hike estimated between 15-17%, post-election period. Analysts predict Bharti Airtel as the primary beneficiary. Meanwhile, Reliance Jio and Bharti Airtel continue to gain subscribers at the cost of Vodafone Idea and BSNL.

RIL in Talks with Tesla for Joint Venture in India - 11 Apr, 2024

Reliance Industries Limited is reportedly in talks with Tesla for a potential joint venture to set up a manufacturing facility in India. Additionally, RIL completed a project to safeguard wildlife, while its subsidiary faced a Supreme Court ruling. Telecom tariffs are also expected to rise.

Reliance Industries in Talks with Tesla for Joint Venture - 10 Apr, 2024

Reliance Industries is reportedly in talks with Tesla for a potential joint venture to establish an EV manufacturing facility in India. Additionally, Reliance has secured land parcels at DPA in Kandla to set up green hydrogen and ammonia production units. The Supreme Court reversed its previous order asking DMRC to pay ₹8,000 crore to Anil Ambani's firm, causing shares of Reliance Infrastructure to plunge. Reliance also emerged as the top bidder in a global tender to construct green hydrogen and ammonia facilities.

Reliance Industries Sees Potential for Re-Rating Across Verticals - 09 Apr, 2024

Morgan Stanley maintains an overweight rating on Reliance Industries with a target of ₹3,046 per share. The Sensex and Nifty 50 finished Monday's trading session higher. Multiple areas of re-rating are expected for Reliance Industries. $8.5 billion merger between Reliance and Disney helped overall deal activity in March quarter reach nearly two-year high.

Reliance Jio's ARPU Climbs; Bharti Airtel Adds More Active Users Than Jio - 08 Apr, 2024

Reliance Jio's ARPU rose while Bharti Airtel added more active mobile users than Reliance Jio in February 2024, as per latest customer data put out by Trai. Additionally, RIL's gains contributed the most to the gains in both the Sensex and Nifty.

Reliance Jio Raises Funds; Anant Ambani's Shopping Spree Creates Social Media Buzz - 07 Apr, 2024

Reliance Jio plans to raise $1.5 billion to compete with bigger rivals while Anant Ambani's extravagant shopping spree in Dubai creates buzz on social media.

Reliance Faces Competition from Amazon's Bazaar; Reliance Digital Offers Discounts - 06 Apr, 2024

Reliance Industries faces competition from Amazon's new store, Bazaar, which aims to rival Reliance's Ajio. Meanwhile, Reliance Digital has launched its Digital Discount Days, offering discounts on electronics.

Reliance Jio and Bharti Airtel Expected to Lead Q4FY24 Results - 05 Apr, 2024

According to JM Financials, Reliance Jio Infocomm and Bharti Airtel are expected to lead the pack in the upcoming fourth quarter results of fiscal 2023-24 (Q4FY24). Bharti Airtel is the top pick as it is the biggest beneficiary of structural uptrend in industry average revenue per user or ARPU.

Reliance Industries Bids for Govt. Hydrogen Project; Mukesh Ambani Among World's Top 10 Wealthiest Persons - 04 Apr, 2024

Reliance Industries bids for the government's pilot project for the use of green/grey hydrogen in the transport sector. Mukesh Ambani breaks into the world's top-10 wealthiest persons in Forbes 2024 Billionaire List.

RIL Expands with Merger and Phenomenal Growth - 03 Apr, 2024

Reliance Industries is expanding its reach with a merger between Viacom18 and Star India, giving Jio superior access to content. Mukesh Ambani's assets have risen by $33 bln due to phenomenal growth in various sectors. The NSE has announced plans to distribute several indices through online channels.

Reliance Industries Signs Power Agreement and Meta Establishes Data Center in India - 02 Apr, 2024

Reliance Industries signs a power purchase agreement with Adani Power's subsidiary and Meta Platforms establishes its first data center in India at the Reliance Industries campus in Chennai. Additionally, Reliance Jio adds over 41 lakh new mobile users.

Reliance Industries Sees Growth Across Sectors - 01 Apr, 2024

Reliance Industries sees growth across sectors, including telecom, retail, and energy. The company's subsidiary, Reliance Jio, continues to add wireless subscribers, while PE firms invest heavily in both Jio and Reliance Retail.

Reliance Industries Invests in New Energy and Retail Sectors - 31 Mar, 2024

Reliance Industries has invested heavily in hydrocarbon and telecom businesses in the past decade, but is now expected to focus on less capex-heavy retail and upstream new energy sectors. Goldman Sachs predicts that the company will make these investments over the next three years.

Mukesh Ambani Praises Gems and Jewellery Industry Potential - 30 Mar, 2024

Mukesh Ambani, Chairman of Reliance Industries Ltd, praised the gems and jewellery industry for its potential to achieve $100 billion in exports over the next many decades.

Reliance Acquires Stake in Adani Power's Arm; GSMA Urges Recognition of 6GHz Band for 5G Growth - 29 Mar, 2024

Reliance Industries acquires a 26% stake in Adani Power's thermal power arm Mahan Energen for captive power use and enters into a long-term power purchase agreement. Meanwhile, GSMA urges the recognition of the 6 GHz band for IMT or commercial mobile services in India to support 5G growth.