11 Best Stock Market News: India’s stock benchmarks rose, aided by gains in healthcare, energy and consumer durables stocks, amidst weak global cues after the first confirmed case of omicron covid-19 strain and Federal Reserve chair’s reiteration of the need of faster tapering of stimulus sapped sentiment.
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10 Best Stock Market News By Neal Bhai [01-12-2021]
Best Stock Market News: India’s stock benchmarks advanced the most in over two weeks, aided by gains in metal, auto, banking and energy stocks, as markets shrugged off concerns over the possibility of a faster taper and the omicron covid-19 strain.
Reliance Jumps On Jio Tariff Hike Announcement
Shares of Reliance Industries Ltd. rose nearly 3.6% in intraday trade to Rs 2,482 apiece after the company announced tariff hike. Price of entry-level JioPhone will be increased by 21.3% to Rs 91. The new tariffs will be effective from December 1,2021.
Reliance Stock Recoups All Losses Suffered Due To Aramco Deal Collapse
Shares of Reliance Industries Ltd. gained as much as 6.2%, the most in nearly two months, to reach their level before the company scrapped a deal to sell Saudi Arabian Oil Co. a stake in its oil-to-chemicals unit.
Vedanta Promoter Group Firms Entered Three Facilities To Borrow $800 Million
Vedanta Promoter Group Firms Entered Three Facilities: Twin Star Holdings Ltd., Vedanta Netherlands Investments B.V. and Vedanta Resources Ltd. signed three separate facility agreements on Nov. 22 to borrow a total of $800 million, according to an exchange filing.
RIL-Saudi Aramco Deal: Analysts’ Take On The Decision To Scrap Stake Sale
RIL-Saudi Aramco Deal: Shares of Reliance Industries Ltd. fell the most in more than ten months after the Mukesh Ambani-owned conglomerate scrapped a plan to sell an equity stake to Saudi Aramco.
Vedanta Weighs Demerger To Simplify Corporate Structure
Vedanta Ltd. plans to review its corporate structure more than a year after its proposal to go private failed.