NEW DELHI: The oil ministry has slapped a demand for $2.8 billion on Mukesh Ambani-led Reliance Industries and its partner BP operating the KG-D6 block off the Andhra coast, even as the consortium prepares to challenge a Delhi high court order upholding the government’s claim in a decade-old battle that has come to be known…
MUMBAI: Stock markets snapped the eight-day losing run in a volatile session on Monday with benchmark sensex closing higher by 57 points on the back of value buying in blue-chip stocks HDFC Bank and Reliance Industries.Helped by fag-end buying, the 30-share BSE sensex climbed 58 points to settle at 75,997. During the day, the barometer…
NEW DELHI: Reliance Industries Ltd, has been ranked as the second-best brand globally in the FutureBrand Index 2024. The company surged 11 places from its 13th position in 2023, surpassing global giants like Apple, Nike, Walt Disney, and Microsoft.The rankings, released by FutureBrand, assess companies based on their ability to balance brand purpose and experience…
Bernstein maintained its ‘outperform’ call on Infosys with a target price of Rs 2,330 (+28%). Analysts said that during the Oct-Dec quarter, the company delivered another all-round beat across revenue, margin and earnings. Also, FY25 revenue growth guide was raised by 60 basis points to 4.5-5% ahead of street estimates. They continue to see upcycle…
NEW DELHI: The combined market valuation of six of the top 10 valued domestic firms eroded by Rs 1.71 lakh crore last week, with IT majors Infosys and Tata Consultancy Services taking the biggest hit. Last week, the BSE benchmark lost 759.58 points or 0.98 per cent, and the Nifty declined by 228.3 points or…
Jefferies has a ‘buy’ recommendation on Reliance Industries with a target price of Rs 1,690 (+36%). Analysts feel RIL’s recent underperformance in CY24 was due to concerns around the medium-term growth prospect of retail and lower earnings growth in FY25. Analysts see restoration of mid-teens growth in retail, likely listing of Jio and improvement in…
NEW DELHI: Market valuation of six of the top-10 most valued companies increased Rs 86,847.88 crore in last week, with HDFC Bank and Reliance Industries leading the gains amidst positive market sentiment. The BSE Sensex increased by 657.48 points or 0.84 per cent during this period, while the Nifty advanced by 225.9 points or 0.95…
NEW DELHI: Billionaire Mukesh Ambani‘s Reliance Industries has acquired technology-driven and oncology-focused healthcare platform Karkinos for Rs 375 crore, the firm said on Saturday. Reliance Strategic Business Ventures (RSBVL), a wholly-owned subsidiary of Mumbai-listed India’s most valuable company, completed the acquisition of Karkinos Healthcare Pvt Ltd with allotment of requisite shares, the firm said in…
Currently, both Mukesh Ambani and his contemporary Gautam Adani, are confronting various challenges. India’s richest men, Mukesh Ambani and Gautam Adani, have seen their net worth drop below the $100 billion mark in the last few months. Currently, both Mukesh Ambani, who leads Reliance Industries Ltd, and his contemporary Gautam Adani, who established the Adani…
Last Updated:December 15, 2024, 11:13 IST Reliance Industries remains the most valued firm followed by TCS, HDFC Bank, Bharti Airtel, ICICI Bank, Infosys, State Bank of India, LIC, ITC and Hindustan Unilever. Last week, the BSE benchmark gained 623.07 points or 0.76 per cent and the Nifty advanced 90.5 points or 0.36 per cent. Five…
