|Bid||0.00 x 0|
|Ask||951.10 x 0|
|Day's range||947.40 - 959.50|
|52-week range||492.05 - 959.50|
|PE ratio (TTM)||17.18|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Mumbai, Nov 21 (IANS) Reliance Industries Ltd (RIL) on Tuesday said it has raised $800 million by selling 10-year bonds in the first offering since Moody's last week raised India's sovereign rating after 14 years. According to a Mukesh Ambani-led RIL release here, the bonds, priced at 3.66 per cent, were the lowest coupon ever achieved by an Indian corporate for a 10-year issuance, the company. "The notes have been priced at 130 basis points over the 10-year US Treasury Note, at a price of 100 to yield at 3.667 per cent," it said.
Indian shares closed higher for the fourth straight session on Tuesday, led by gains in Reliance Industries Ltd and pharmaceutical stocks. The broader NSE Nifty ended 0.27 percent higher at 10,326.9 while ...
The wealth of India's Ambanis soared by $19bn last year, according to a ranking by Forbes magazine, making it Asia's richest family with a total net worth of almost $45bn. The Ambanis have prospered over ...
REUTERS - Indian shares ended higher on Friday, as banks gained after State Bank of India said it swung to a second-quarter profit from a loss a year ago, while Larsen & Toubro Ltd gained after its unit ...
REUTERS - Indian shares ended marginally higher on Thursday, led by gains in oil refiners such as Reliance Industries Ltd as oil prices stabilised and financial stocks such as ICICI Bank Ltd . The broader ...
REUTERS - Indian shares ended lower on Wednesday, with refiners such as Reliance Industries Ltd falling on concerns over surging crude prices, while Bharti Airtel Ltd slumped after a Qatari shareholder ...
Debt-laden Indian telecoms network operator Reliance Communications Ltd (RCom) said on Wednesday it will concentrate on offering a 4G mobile broadband service in a bid to turn the heavily indebted business around. As part of the plan RCom said its 4G services will run through an existing deal to share radio spectrum with Reliance Jio, the 4G network owned by Reliance Industries which sparked a price war when it opened for business last year. Reliance Industries is controlled by Mukesh Ambani, the older brother of RCom's main owner Anil Ambani.
Mumbai, Oct 23 (IANS) Healthy buying in telecom and oil and gas stocks along with positive global cues lifted the Indian equity markets on Monday. The healthy off-take in the two sectors was led by Airtel ...
Top-ranked Bharti Airtel Ltd rose to a more than eight-year high and Reliance hit a record on the first day of trading since Jio's announcement last week of new high-end data tariffs that effectively raise prices by as much as 20 percent. Jio, backed by India's richest man Mukesh Ambani, has up-ended the world's second-biggest mobile services market by users with aggressive marketing and by slashing prices for its 4G data, forcing established players including Bharti Airtel and Vodafone's local unit to match the offerings.
CARACAS/HOUSTON (Reuters) - Venezuela's state-run oil firm, PDVSA, is increasingly delivering poor quality crude oil to major refiners in the United States, India and China, causing repeated complaints, canceled orders and demands for discounts, according to internal PDVSA documents and interviews with a dozen oil executives, workers, traders and inspectors. The disputes involve cargoes soiled with high levels of water, salt or metals that can cause problems for refineries, according to the sources and internal PDVSA trade documents seen by Reuters. The quality issues stem from shortages of chemicals and equipment to properly treat and store the oil, resulting in shutdowns and slowdowns at PDVSA production facilities, along with hurried transporting to avoid late deliveries, the sources said.
Reliance Industries Ltd's telecoms arm Jio will turn profitable "shortly," the Indian conglomerate said on Friday, while adding it would continue to pump around $1 billion into the venture for each of the next few quarters. Jio launched late last year with free voice and cut-price data, sparking a price war in India's cut-throat telecoms sector which has driven down margins and forced consolidation. Oil-to-retail giant Reliance, controlled by India's richest man Mukesh Ambani, suggested there were signs its costly gamble was paying off.
Mumbai, Oct 13 (IANS) Reliance Industries Limited's (RIL) consolidated net profit increased by 12.5 per cent to Rs 8,109 crore for the second quarter (July-September) of 2017-18, the company said on Friday. "The results also reflect strong underlying fundamentals of our refining and petrochemicals businesses. Reliance Jio, the wholly-owned subsidiary of RIL, posted standalone revenue from operations of Rs 6,147 crore for the second quarter.
Mumbai, Oct 13 (IANS) Mukesh Ambani-led Reliance Industries (RIL) on Friday posted a 7.3 per cent rise in standalone net profit for the second quarter ended September at Rs 8,265 crore on the back of improved performance of its petrochemicals and refining business. Standalone revenue during the quarter in consideration at Rs 75,165 crore crore jumped 16.8 per cent over the revenue in the corresponding period of the previous year, RIL said in a release here. "Increase in revenue is primarily on account of increase in prices and volumes in refining, petrochemical and retail businesses," the statement said.
Mumbai, Oct 13 (IANS) Reliance Jio, the wholly-owned subsidiary of Reliance Industries Limited (RIL), posted standalone revenue from operations of Rs 6,147 crore for the second quarter (July-September) of 2017-18, the company said here on Friday. The subscriber base of the company as on September 30, 2017 stood at 138.6 million. Total wireless data traffic during the quarter was at 378 crore GB and average voice traffic during the quarter at 267 crore minutes per day, the statement said.
Mumbai, Oct 12 (IANS) Paring the previous day's losses, key Indian equity indices closed on a higher note on Thursday buoyed by positive global cues and intense buying activity during the last hour of ...
Indian oil-to-telecoms conglomerate Reliance Industries Ltd has agreed to sell a shale oil and gas block in the United States for $126 million, a third of the price it paid seven years ago, amid a downturn in global oil prices. BKV Chelsea LLC, an affiliate of energy investment firm Kalnin Ventures LLC, bought the asset, located in the Marcellus shale in northeastern and central Pennsylvania, from Reliance, the company said in a statement, adding it could further receive $11.25 million based on changes in natural gas prices. The U.S. shale market has since become highly competitive and companies have cut costs to stay afloat after a slump in crude oil and gas prices.
Mumbai, Oct 6 (IANS) Energy major Reliance Industries on Friday said it has entered into an agreement for the sale of its assets in the "Marcellus Shale Play" of northern and central Pennsylvania. According to a BSE filing, Reliance Marcellus II, LLC, a subsidiary of Reliance Holding USA, Inc., and Reliance Industries has signed "agreements to divest all of its interests in certain upstream assets in north-eastern and central Pennsylvania". The filing said that assets, which are currently operated by Carrizo Oil and Gas, were sold to BKV Chelsea, an affiliate of Kalnin Ventures for a consideration of $126 million, subject to customary closing terms and conditions.
Mumbai, Oct 5 (IANS) Reliance Industries Chairman Mukesh Ambani has again topped the list of richest Indian for the 10th consecutive year, business magazine Forbes India said on Thursday. Ambani, 60, who retains the top spot in the annual list of 100 richest Indian tycoons, saw his wealth increase to $38 billion from $22.7 billion last year, making him the biggest dollar gainer on the list and one of Asia's top five richest, the magazine said in a report. RIL's share price has risen over the last year on the back of the company's improved refining margins, and the telecom unit Reliance Jio's massive success in notching up 130 million subscribers since its 2016 launch.
REUTERS - Indian shares ended higher for a fourth straight session on Wednesday after the central bank maintained its policy rate but took steps to release more liquidity into the financial system, and ...
NEW DELHI/SINGAPORE (Reuters) - Reliance Industries Ltd (RELI.NS) has purchased crude oil cargoes from the United States for the first time, drawn by the lower price for U.S. oil versus global benchmarks, three trade sources said on Tuesday. Reliance, the owner of the world’s biggest refining complex at Jamnagar, is joining state-run refiners Indian Oil Corp (IOC.NS), Bharat Petroleum Corp (BPCL.NS) and Hindustan Petroleum Corp (HPCL.NS) in importing U.S. crude.
NEW DELHI/MUMBAI (Reuters) - India's Reliance (RELI.NS) said on Friday that customers of its Jio telecoms unit who buy the latest Apple (AAPL.O) iPhone models from partner stores could sell them back in a year at a guaranteed price, a move that could help the U.S. tech firm expand in India. The offer, which comes during the Indian festive season when discretionary spending typically rises, assures customers buying iPhone 8, 8 Plus and iPhone X models through Jio that they will get back 70 percent of the cost after a year of use. Apart from possibly lifting Apple sales in India, the move could also draw more high-paying customers to the Jio network.
Reliance Industries' telecom upstart Jio is footing at least 40 percent of the cost of its basic 4G phone, two sources familiar with the matter said, as it bets on recovering the investment by luring in millions of new customers. Reliance Industries did not respond to a request for comment. Some Reliance investors may flinch at the cost of subsidies, but the scale of the outlay is a clear signal of the level of Jio's ambition, as it targets an audience of some 500 million who still cannot afford smartphones in India.