Reliance Industries shares climb 1%; later give up early gains

NEW DELHI: Shares of Reliance Industries Ltd gained 1 per cent in early trade on Monday after the company reported its best-ever quarterly performance in October-December 2021. The stock of the country’s most valued firm by market valuation jumped 1.04 per cent to Rs 2,504.10 in early trade on the BSE. At the NSE, it … Read more

Samara Ready To Invest Rs 7,000 Crore, Amazon Tells Future Retail

Samara Capital has shown interest in buying Future Retail’s businesses New Delhi: Put on notice to confirm capital infusion to avert a looming loan default, Amazon told Future Retail Limited (FRL) that Samara Capital remains interested in buying out the debt-strapped retailer’s businesses such as Big Bazaar for Rs 7,000 crore. Asked by FRL’s independent directors … Read more

jio: Ril Posts 38% Higher Profit In Oct-dec Qtr At ₹20,539cr | India Business News

MUMBAI: Reliance Industries (RIL), India’s largest listed company, reported a 38% rise in quarterly profit on Friday on the back of a one-off gain from the sale of its US shale business and strong performance by its oil-to-chemicals (O2C) and consumer (Jio & retail) units. Profit grew to Rs 20,539 crore in Q3FY22. It made … Read more

Future Group mulls Supreme Court bid to avoid being named a defaulter: Sources

NEW DELHI: Future Group plans to challenge its own lenders in the Supreme Court to avoid being named a defaulter for missing payments, citing its ongoing dispute with partner Amazon, three sources told Reuters on Thursday. Future, the country’s second-largest retailer, has since 2020 failed to complete its $3.4 billion retail asset sale to a … Read more

Reliance, L&T, Hyundai Motors Among Bidders For Government’s Battery PLI Scheme

Major companies like Reliance, L&T and Ola have applied for battery making PLI scheme Major entities like Reliance Industries, Larsen & Toubro (L&T), Mahindra & Mahindra, Ola as well as Hyundai Motors are among the 10 companies which have submitted bids under the Rs 18,100 crore production linked incentive (PLI) scheme for battery manufacturing in … Read more

Reliance, Hyundai, Mahindra Bid For Incentives Under India’s $2.4 Billion Battery Scheme: Report

Around 10 companies have submitted bids totalling close to 100 Gwh NEW DELHI: Reliance Industries, South Korea’s Hyundai Motor Co and automaker Mahindra & Mahindra are among companies that have submitted bids under the country’s $2.4 billion battery scheme, two sources told Reuters. India last year finalised an incentive program to encourage companies to invest … Read more

reliance: Reliance intensifies green push with $80 billion investment in Gujarat

BENGALURU: Reliance Industries said it would invest Rs 5.95 lakh crore ($80.49 billion) to set up green energy projects and bolster its retail and telecom arms in the western state of Gujarat, as it targets net-zero carbon emissions by 2035. Owned by billionaire Mukesh Ambani, the conglomerate has in the past year unveiled plans to … Read more

Reliance to invest Rs 5.95 lakh cr in green energy, other projects in Gujarat

AHMEDABAD: The Mukesh Ambani-led Reliance Industries (RIL) signed an MoU on Thursday with Gujarat government for a total investment of Rs 5.95 lakh crore as part of promotion activity for Vibrant Gujarat Summit 2022. These projects will create 10 lakh direct and indirect employment opportunities in the state, the company said. “To make Gujarat net-zero … Read more

Ex-RBI Governor Urjit Patel Appointed AIIB Vice President

Urjit Patel has been appointed as a vice president of Asian Infrastructure Investment Bank Beijing: Former Reserve Bank of India (RBI) governor Urjit Patel has been appointed as a vice president of the Beijing-based multilateral funding institution Asian Infrastructure Investment Bank (AIIB), according to sources in the bank on Sunday. India is a founding member of … Read more

ANIL to be Adani Group’s vehicle for new energy business

NEW DELHI: Billionaire Gautam Adani‘s logistics-to-energy conglomerate has set up a new subsidiary, ANIL to undertake green hydrogen projects, generation of low carbon electricity and manufacture of wind turbines, solar modules and batteries as it looks to become the world’s largest renewable energy company and produce the cheapest hydrogen. Adani had in November last year … Read more