Reliance Industries Q1 Results Live Updates: Reliance Industries, the oil-to-chemicals-to-telecom-to-retail conglomerate and Nifty 50 heavyweight will be reporting its results after market closing hours on Friday, July 18. The index giant is set to see its revenue decline by 8% on a sequential basis during the June quarter, while its Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) could rise 3% from the previous quarter. Watch this space for all the Live updates.
Reliance Industries
Reliance Sells 3.6% Stake in Asian Paints to SBI MF for $900 Million
Reliance Sells Asian Paints Shares for Huge Profit: Reliance Industries Limited (RIL) has sold a 3.6% stake in Asian Paints to SBI Mutual Fund for Rs 7,704 crore ($900 million). This is one of the biggest deals where a single buyer and seller made a trade without involving multiple investors.
Reliance Jio Partners with Polygon Labs to Drive Web3 Adoption for 450 Million Users
In a groundbreaking move, Reliance Jio, the digital arm of Reliance Industries (RIL) and India’s largest telecom operator, has announced a strategic partnership with blockchain company Polygon Labs. This collaboration aims to integrate Web3 capabilities into Jio’s existing ecosystem, offering blockchain-powered solutions to its massive customer base of over 450 million users.
Reliance Group Partners with Bhutan’s DHI for Major Renewable Energy Projects, Shares Rocket
The shares of Reliance Power (NSE: RPOWER), a subsidiary of Reliance Group, were trading at ₹53.64 up by ₹2.55 or 4.99 per cent on the NSE today at 11 am, a day after Reliance Group entered into a strategic partnership with Druk Holding and Investments Ltd. (DHI), the commercial arm of Bhutan’s government, to develop significant renewable energy projects in the country. The agreement, signed on October 2, 2024, includes plans for a 500 MW solar plant and a 770 MW hydropower project.
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.
Bankrupt Sintex Industries Next on Mukesh Ambani’s list?
In 2017, Amit Patel-promoted Sintex Plastics Technology Ltd, maker of water storage tanks, was demerged from Sintex Industries.
Analyst Call: Reliance Industries, Supreme Industries
- Reliance Industries reinstated ‘hold’ at IDBI Capital Market; Price target: Rs 2,825.
- Supreme Industries raised to ‘hold’ at IDBI Capital Market; Price target: Rs 2,702.63.
- Supreme Industries raised to ‘buy’ at BOB Capital Markets; Price target: Rs 2,735