RIL News

Indian Oil Minister Hardeep Singh Puri announced Bharat Petroleum Corp's plan to build a new refinery. The nation aims to sign more oil import deals with countries, including Russia, at discounted rates. Prime Minister Narendra Modi seeks to provide energy at affordable rates to cushion customers from volatile oil markets.

The Indian benchmark equity indices, Sensex and Nifty50, concluded Tuesday's trading session with marginal movement, as investors awaited the Federal Reserve's policy decision and consumer price inflation data scheduled for Wednesday.

This is further to the disclosure dated June 5, 2024 made by the Company. We wish to inform you that the Company executives participated in the Institutional Investor Meeting - Kotak India Corporate Day on June 10, 2024. No unpublished price sensitive information was shared/ discussed in the said one-on-one meeting.

The NSE Nifty 50 index fell 0.13% to 23,259, while the S&P BSE Sensex declined 0.27% to 76,490. Both benchmarks initially rose about 0.5% to hit record highs before losing gains. The MACD indicator showed bullish activity in stocks like Balkrishna Industries, IndiGo, KEI Industries, Tejas Networks, and Info Edge. HDFC Bank, Adani Enterprises, SBI, RIL, Tata Steel, ICICI Bank, and Axis Bank were among the most active stocks on the NSE by value.

Please note that the Company executives will be participating in the Institutional Investors'' Meeting - Morgan Stanley India Investment Forum on June 13, 2024. It is expected that the meeting with the investors will be on one-on-one basis.

Global investment firm Blackstone likely sold a 15% stake in Mphasis, leading to a 3.7% share price drop. It's the year's second-largest block deal. Blackstone, owning 55.45%, will drop to 40.4% after the deal. Mphasis specializes in IT services, especially in BFSI. Last year, shares rose 27.5%, but in 2024, they fell 13.6%.

The NSE Nifty index was trading 57.85 points up at 23348.0

Indian benchmark equity indices, Sensex and Nifty50, reached fresh record highs on Monday with Sensex hitting the 77,000 mark.

​Eight of the 10 most valued domestic firms together added Rs 3.28 lakh crore to their market valuation last week, with blue-chips Tata Consultancy Services, Hindustan Unilever and Reliance Industries emerging as the biggest winners. In an eventful week, the BSE benchmark jumped 2,732.05 points or 3.69 per cent.

We enclose the information regarding loss of share certificate(s) received from the shareholder(s) of the Company on June 06, 2024 and June 07, 2024 aggregating to 4,915 shares.

The NSE Nifty index closed 468.75 points up at 23290.15

We enclose the information regarding loss of share certificate(s) for 5,810 shares received from the shareholder(s) of the Company on June 05, 2024.

Please note that the Company executives will be participating in the Institutional Investors' Meeting: Non-Deal Roadshow with J.P. Morgan on June 11, 2024 in London. It is expected that the meeting with the investors will be on one-on-one basis.

Please note that the Company executives will be participating in the Institutional Investors' Meeting - Kotak India Corporate Day on June 10, 2024 in London. It is expected that the meeting with the investors will be on one-on-one basis.

The trading volumes shot up today as markets found their nerve following a disastrous Tuesday session with the headline index Nifty settling at 21,884.50, down by 1,379.40 points or 5.93%.

We enclose the information regarding loss of share certificate(s) for 5,354 shares received from the shareholder(s) of the Company on June 04, 2024.

Nifty FMCG jumped 4.3%, while Nifty Auto gained 4.7% on expectations of rural demand. IT index was up 2.4%. Investors today pocketed Rs 13 lakh crore as the market capitalisation of all listed companies on the BSE surged to Rs 407.8 lakh crore.

CLSA adjusts India portfolio post BJP's election setback, favoring defensive stance with HCL Tech replacing L&T. Overweight on banks, commodities, IT, insurance, and staples. Concerns over market valuation amid Nifty's 6% drop and historic high PE ratio.

Key financial announcements include dividend declarations by Reliance Industrial Infrastructure, Manappuram Finance, Indian Hotels, IndiaMart InterMesh, SMC Global Securities, Uno Minda, Home First Finance, Himadri Speciality Chemical, ICICI Lombard General Insurance, and JM Financial. Sharda Motor Industries approved a buyback, while Motilal Oswal announced a stock split.

Domestic markets witness a major fall as NDA returns with reduced majority. Tata Motors to establish TML Commercial Vehicles Ltd, Ashok Leyland introduces 'Sarathi Suraksha' Policy, RIL faces losses, Wipro introduces Cyber X-Ray, Infosys enhances healthcare in Japan.

The decline follows mayhem in the Indian markets. The benchmark index S&P BSE Sensex closed at 72,079.05, falling by 4,390 points or 6%. Nifty 50 corrected by 1,379.40 points or 6% to settle at 21,884.50. ADRs of Wipro, MakeMyTrip, Yatra Online, Dr Reddy's Laboratories were some of the other losers, which fell up to 3%.

We enclose the information regarding loss of share certificate(s) for 10,701 shares received from the shareholder(s) of the Company on June 03, 2024.

We enclose the details of '' Letter(s) of Confirmation'' issued by the Company to its shareholders, in lieu of share certificate(s) reported as lost by them.

Initial poll result trends triggered a market bloodbath but some stocks like HUL, Dabur, and DMart resisted the . NDA leads but may not get a strong majority. Market fell over 7%, with HUL gaining. Analysts predict more correction if NDA falls below 300 seats.

Nifty Bank fell to 46,077.85, with all 12 stocks in the index trading in the red. Heavyweights HDFC Bank and ICICI Bank were among the top laggards. State Bank of India (SBI) also contributed to the downfall in good stead.

Shares of RIL dropped 7.5% on BSE as NDA alliance's election results differed from exit polls, wiping off Rs 1.27 lakh crore from investors. RIL hit an all-time high of Rs 3,029 on June 3, with a market cap of Rs 20.44 lakh crore, now at Rs 18.9 lakh crore.

India VIX, the fear index, soared by nearly 44%, marking its highest single-day gain in 9 years amidst strong election count trends. Investors adopted a risk-averse stance, leading to a 4,100-point drop in Sensex. Market capitalization declined by Rs 17.61 lakh crore. Experts anticipate VIX to hit 30, advising cautious investment strategies.

Stock Market Crash Today: ​From the Sensex pack, Reliance Industries and HDFC Bank alone contributed to a 565-point decline in the index, while L&T, SBI, ITC, NTPC, and Power Grid were among other stocks dragging the index lower. Volatility gauge India VIX also spiked 20% to 25 levels. PSU, defence stocks were also trading with deep cuts.

Registration of sub-lease deeds for land to develop Integrated Industrial Area in Maharashtra

The Ghanaian government’s plan to launch a 5G network using a company partnering with Mukesh Ambani is a bad deal for the debt-ridden nation, which needs funds for critical development projects, the National Democratic Congress (NDC) said in a statement on Monday.

This is further to the disclosure dated May 29, 2024 made by the Company. We wish to inform you that the Company executives participated in the Institutional Investors'' Meeting- BofA 2024 India conference on June 3, 2024 in Mumbai. No unpublished price sensitive information was shared/discussed in the said one-on-one meeting.

The NSE Nifty index closed 733.21 points up at 23263.9

The combined market valuation of eight of the top-10 most valued firms declined by Rs 2,08,207.93 crore last week, with bellwether Reliance Industries, TCS and Infosys taking the biggest hit. While these three firms along with ITC, Life Insurance Corporation (LIC), Hindustan Unilever Ltd, Bharti Airtel and ICICI Bank were the laggards, HDFC Bank and State Bank of India (SBI) emerged as gainers.

The Ministry of Oil lowered domestic natural gas price to USD 8.44 per mmBtu for June 2024, following a new pricing mechanism. This adjustment aims to stabilize the market and meet energy targets, benefiting consumers and producers alike.

JSW Steel is producing 'JSW Magsure', a zinc-magnesium-aluminium alloy coated steel product, to replace imports in India. The product, which had a demand of around 100,000 tonnes in 2023-24, is expected to reach 250,000 tonnes this year due to renewable energy. The company plans to supply 120,000 tonnes of JSW Magsure domestically and export the remaining 25,000 tonnes.

We enclose the information regarding loss of share certificate(s) received from the shareholder(s) of the Company on May 30, 2024 and May 31, 2024 aggregating to 8,082 shares.

The NSE Nifty index closed 42.05 points up at 22530.7

Ambani's latest fintech business under Jio Financial Servics Ltd (JFSL) aims to ride on extensive consumer network as well the data Reliance has acquired. The tracks that consumers leave while shopping and using Reliance products and services will form a strong databank for JFSL.

The NSE Nifty index was trading 41.45 points up at 22530.1

Sony Pictures Entertainment (SPE) is in discussions for potential merger and acquisition deals in India following the collapse of its merger deal with Zee Entertainment. The deal between Sony Pictures Networks India (SPNI) and Zee couldn't go through due to regulatory issues and the deterioration of the Indian entertainment giant's financials. SPE's India arm held discussions with Viacom18 in 2020 to combine the two businesses.