News for 'New Reliance'

Key factors that will drive the markets this week

Key factors that will drive the markets this week

Rediff.com12 Jan 2025

Investors will take cues from the December quarter corporate earnings, with blue-chips like Infosys, Reliance Industries scheduled to report their results this week, in addition, inflation data and trading activity of foreign investors will also be crucial in dictating market trends, analysts said.

Spotted: Mukesh Ambani at Trump inauguration with Big 4

Spotted: Mukesh Ambani at Trump inauguration with Big 4

Rediff.com20 Jan 2025

It was an aha! moment to spot India's leading industrialist at the service at St John's church ahead of Trump's inauguration, and then to see him heading to US Capitol Hill Rotunda for the inauguration in the company of the Big 4 - Tim Cook of Apple, Jeff Bezos of Amazon, Sundar Pichai of Google and Mark Zuckerburg of Meta/Facebook.

Jio IPO may be pegged at over $6 bn; listing expected in Q2 or Q3 of 2025

Jio IPO may be pegged at over $6 bn; listing expected in Q2 or Q3 of 2025

Rediff.com13 Nov 2024

Reliance Jio, the telecom business of the Mukesh Ambani-promoted conglomerate, is expected to go for an initial public offering (IPO) of over $6.25 billion either in the second or the third quarter of the calendar year 2025, sources said. Reliance Retail is likely to be listed around the same time with a short gap, it is learnt. The timing of the two IPOs, however, will depend on the company's assessment of the market conditions among other factors.

Dealers optimistic about future of cement industry

Dealers optimistic about future of cement industry

Rediff.com16 Mar 2025

After several years of consolidation and price weakness, the cement industry may be moving towards a more stable phase. Pan-Indian, average cement prices have risen through the past three months consecutively.

RIL, L&T, and JSW line up new energy projects for 2025

RIL, L&T, and JSW line up new energy projects for 2025

Rediff.com20 Jan 2025

Some of India's largest conglomerates are gearing up to either commission or commercially start the first phase of their new energy projects this year, according to company executives and analysts.

US WHO Exit Won't Impact India: Experts

US WHO Exit Won't Impact India: Experts

Rediff.com22 Jan 2025

'Both international cooperation and self-reliance will now acquire new purpose.'

China's mfg prowess to have bearing on India's growth: Survey

China's mfg prowess to have bearing on India's growth: Survey

Rediff.com31 Jan 2025

Chinese manufacturing prowess and its dominance in the strategic sector will have a bearing on India's growth projection in the medium term and its march to become a developed nation by 2047, the Economic Survey said on Friday. The Survey has said India needs to grow at 8 per cent for about two decades to become a developed nation by 2047, but it will have to face challenges from global developments and reliance on Chinese imports.

Trade war fears spook markets; Sensex falls 319 points

Trade war fears spook markets; Sensex falls 319 points

Rediff.com3 Feb 2025

From Sensex shares, Larsen & Toubro, Tata Motors, Hindustan Unilever, Asian Paints, ITC, Power Grid, NTPC and Reliance Industries were the major laggards. Among the gainers, Bajaj Finance jumped over 5 per cent. Mahindra & Mahindra, Bajaj Finserv, Bharti Airtel and Maruti also ended higher.

Gun Shots Or Cricket Shots?

Gun Shots Or Cricket Shots?

Rediff.com1 Mar 2025

'I will watch India's match against New Zealand with no tension -- just enjoy the cricket.'

Controversy hits Ranji! J&K accuse Baroda of pitch tampering

Controversy hits Ranji! J&K accuse Baroda of pitch tampering

Rediff.com2 Feb 2025

Jammu and Kashmir alleged that the pitch was tampered with overnight to favor Baroda in their ongoing Ranji Trophy clash.

Ministry revamps TOPS review, plans coach incentives

Ministry revamps TOPS review, plans coach incentives

Rediff.com12 Feb 2025

The Mission Olympic Cell is also considering higher incentives for retired Olympians and world-class players who want to take up coaching, in an effort to retain top talent within India.

Sensex pares intra-day high to end up 598 points

Sensex pares intra-day high to end up 598 points

Rediff.com3 Dec 2024

From the 30-share Sensex pack, Adani Ports surged nearly 6 per cent. NTPC, Axis Bank, State Bank of India, Larsen & Toubro, UltraTech Cement, Tata Motors, HDFC Bank and Reliance Industries were the other big gainers. Bharti Airtel, ITC, Sun Pharma, Asian Paints and Kotak Mahindra Bank were the laggards.

Shadow bank risks persist despite RBI relief

Shadow bank risks persist despite RBI relief

Rediff.com18 Mar 2025

Towards the end of February, the Reserve Bank of India (RBI) restored the risk weighting on banks loans to non-banking financial companies (NBFCs; including to microfinance institutions, or MFIs) to 100 - back to its November 2023 position - from 125. It is only a partial relief though. "Higher risk weighting on unsecured lending continues to be in place while the same on bank funding to NBFCs has been done away with. "This is a positive step by RBI," says Rajiv Sabharwal, managing director (MD) and chief executive officer (CEO), Tata Capital.

Top Biz Families Fuel 20% Of CSR Spends

Top Biz Families Fuel 20% Of CSR Spends

Rediff.com6 Mar 2025

Tatas, Ambanis, Adanis, Birlas contributed an average of Rs 800 crore to Rs 1,000 crore per family group.

Reliance Retail inks JV for manufacturing toys

Reliance Retail inks JV for manufacturing toys

Rediff.com23 Apr 2023

Reliance Retail, the country's leading retailer which owns iconic British toy brand Hamleys and home-grown toy brand Rowan, has entered into a joint venture with a Haryana-based firm for local manufacturing to meet the growing demand. The company has entered into a joint venture with Sonipat, Haryana-based Circle E Retail to vertically integrate its toy business. "We also had a JV with Circle E retail for toy manufacturing for vertical integration for our toys retailing business," said Reliance Retail CFO Dinesh Taluja during an earnings call last week.

Syed Abid Ali: A Panther On The Field

Syed Abid Ali: A Panther On The Field

Rediff.com17 Mar 2025

Abid Ali's contributions to Indian cricket remain etched in history. His spirit, sportsmanship, and selfless play defined an era, and his legacy will endure in the annals of the game.

MI's Hundred move: 49% stake in Oval Invincibles

MI's Hundred move: 49% stake in Oval Invincibles

Rediff.com30 Jan 2025

Mumbai Indians won a fiercely contested e-auction, fending off competition from a Silicon Valley tech consortium, comprising the chief executives of Google, Microsoft, and Adobe as well Gujarat Titans owners CVC.

Reliance Takes Another Bite At Dairy

Reliance Takes Another Bite At Dairy

Rediff.com18 Apr 2023

This is the Mukesh Ambani-led company's second entry into the dairy segment and it will directly compete with Amul and Mother Dairy.

Will India tweak Playing XI against NZ?

Will India tweak Playing XI against NZ?

Rediff.com28 Feb 2025

Doeschate admitted that Sunday's match could be a contest of spin between the two sides.

Reliance Industries net profit jumps 27% in Q2

Reliance Industries net profit jumps 27% in Q2

Rediff.com27 Oct 2023

Reliance Industries Ltd on Friday reported a 27 per cent jump in its September quarter net profit as earnings from the oil and gas business rebounded, and a pick-up in fashion and grocery helped boost retail revenues. The oil-to-retail-to-telecom conglomerate's consolidated net profit of Rs 17,394 crore, or Rs 25.71 per share, in July-September - the second quarter of the current 2023-24 fiscal - was 27.3 per cent higher than Rs 13,656 crore, or Rs 19.92 a share, earning a year back, the company said in a statement. The net profit was also higher quarter-on-quarter compared to Rs 16,011 crore earnings in the preceding three months ended June 30.

Despite Sanctions, India's Russian Oil Imports Surge

Despite Sanctions, India's Russian Oil Imports Surge

Rediff.com1 Feb 2025

Russian shipments averaged 1.67 million barrels per day in January compared to 1.48 million bpd in December and 1.53 million bpd a year earlier.

'It's been very hard on Rishabh not playing, but...'

'It's been very hard on Rishabh not playing, but...'

Rediff.com1 Mar 2025

Rishabh Pant hasn't been a part of the playing eleven in the last two group games as India handed over the wicketkeeping duties to KL Rahul, who has performed remarkably well behind the stumps and provided solidity to the middle order.

Reliance Retail aims at 2025 IPO after valuation jump

Reliance Retail aims at 2025 IPO after valuation jump

Rediff.com5 Oct 2023

Reliance Retail Ventures Ltd (RRVL) is discussing a three-pronged plan that includes an additional divestment of $250-300 million this year, apart from what it has diluted in favour of the Qatar Investment Authority (QIA) and US-based private equity fund KKR recently.

Qatar sovereign fund in talks for stake in Reliance Retail

Qatar sovereign fund in talks for stake in Reliance Retail

Rediff.com26 Jul 2023

Qatar's sovereign wealth fund is in early discussions to buy a minority stake in billionaire Mukesh Ambani's rapidly expanding retail unit for about $1 billion (Rs 8,200 crore), sources said. The Qatar Investment Authority is keen on tapping the fast-growing Indian market and has entered into a discussion to buy about 1 per cent stake in Reliance Retail Ventures, sources with knowledge of the matter said. Talks, sources said, are at a preliminary stage and being led by an executive director on the board of parent Reliance Industries Ltd.

Delhi's Fuel Ban On 15-year-old Vehicles Finds No Backers

Delhi's Fuel Ban On 15-year-old Vehicles Finds No Backers

Rediff.com13 Mar 2025

The Delhi government has announced that vehicles older than 15 years will be denied fuel at petrol pumps starting April 1.

Airtel may see highest revenue growth, user addition in Q3

Airtel may see highest revenue growth, user addition in Q3

Rediff.com16 Jan 2025

Bharti Airtel is expected to see its highest revenue growth, and subscriber addition during the third quarter (October-December) of FY25 among telcos, said analysts. The telco's top line in Q3 may see the fastest sequential growth at 5 per cent compared to 3 per cent for Reliance Jio and Vodafone Idea (Vi). Airtel's annual mobile revenue growth would rise to 16 per cent, IIFL Capital said in an analyst note.

Why Aamir Got Married At 21

Why Aamir Got Married At 21

Rediff.com14 Mar 2025

'Reena stayed in the next building. We fell in love but had to meet secretly because her parents didn't approve of me.' 'I would always be afraid that her parents would get her married off to somebody else.'

Sensex, Nifty settle nearly 1% higher; Bharti Airtel, RIL among top gainers

Sensex, Nifty settle nearly 1% higher; Bharti Airtel, RIL among top gainers

Rediff.com29 Nov 2024

From the 30-share Sensex pack, Bharti Airtel, Mahindra & Mahindra, UltraTech Cement, Adani Ports, Reliance Industries, Larsen & Toubro, JSW Steel, Hindustan Unilever, Titan and Tata Motors were the biggest gainers. Power Grid, Nestle, State Bank of India and Infosys were the laggards.

Sensex plunges 824 pts to 7-month low as IT, oil, gas shares tank

Sensex plunges 824 pts to 7-month low as IT, oil, gas shares tank

Rediff.com27 Jan 2025

Benchmark BSE Sensex tanked 824 points to settle at a fresh seven-month low on Monday following heavy selling in IT and oil & gas shares amid weak global trends. The 30-share BSE barometer plunged by 824.29 points or 1.08 per cent to close at 75,366.17 with 23 of its constituents ending lower and seven with gains. During the day the index moved between a high of 75,925.72 and a low of 75,267.59.

IiAS against Anant on Reliance board

IiAS against Anant on Reliance board

Rediff.com11 Oct 2023

Proxy advisory firm IiAS has recommended that institutional investors should vote against the appointment of Anant Ambani on Reliance Industries Ltd's (RIL's) board, citing his age as the reason. The firm has, however, given its green light to the appointment of Anant's elder siblings - Akash and Isha. In its recommendation note, IiAS said, "At 28 years of age, his appointment as a non-executive, non-independent director does not align with our voting guidelines."

Rural push helps Bharti Airtel close in on Reliance Jio in AGR share

Rural push helps Bharti Airtel close in on Reliance Jio in AGR share

Rediff.com3 Dec 2023

Bharti Airtel has quietly narrowed its adjusted gross revenue (AGR) market share gap with Reliance Jio, the country's largest player in the game, in the last three years. Despite Jio's aggressive entry into 4G and now into 5G, Airtel's gap with Jio, which was 6.4 percentage points in Q1 of FY21 and went up to 7.2 percentage points in Q1 of FY22, has fallen to only 4.4 percentage points in Q1 of FY24. Currently, Reliance Jio's AGR market share is 41.6 per cent while Airtel's is at 37.2 per cent.

Expert Speak: How To Sleep Better

Expert Speak: How To Sleep Better

Rediff.com17 Mar 2025

'You should keep your sleep time and wake up time fixed.' 'Avoid caffeine-containing drinks after 5 pm.' 'Avoid a heavy dinner.' 'Avoid alcohol or any stimulants, like nicotine.'

Reliance-backed Dunzo in trouble

Reliance-backed Dunzo in trouble

Rediff.com3 Oct 2023

Logistics and delivery firm Dunzo plans to settle dues of former employees in next three months while it is regularising salary for its current employees, sources said. The firm backed by Reliance Retail and Google said that while its co-founder Davlir Suri has decided to leave the company, another co-founder Mukund Jha will continue be part of the strategic leadership team. "In June salary of 85 per cent employees were paid.

Markets end in green; Sensex climbs 319 points

Markets end in green; Sensex climbs 319 points

Rediff.com16 Jan 2025

Equity benchmark indices Sensex and Nifty rallied for the third session on the trot, helped by a rally in global markets after lower-than-expected consumer inflation in the US ignited hopes of more rate cuts by the Federal Reserve. The 30-share BSE index climbed 318.74 points or 0.42 per cent to revisit 77,000 level at 77,042.82.

Offers Pour In At IITs' Placement Season

Offers Pour In At IITs' Placement Season

Rediff.com24 Dec 2024

Major recruiters, with double-digit offers at IIT campuses this year so far, include American Express, Barclays, BCG, Cars24, Deutsche Bank, Goldman Sachs, Google, Intel India, Meesho, Micron Technology, Microsoft, OLA, Oracle, Reliance, and Qualcomm.

Stock markets settle flat in muted trade

Stock markets settle flat in muted trade

Rediff.com26 Dec 2024

From the 30 blue-chip stocks, Titan, Asian Paints, Nestle, Tech Mahindra, Reliance Industries, Zomato, Larsen & Toubro and Bajaj Finserv were among the laggards. Adani Ports, Mahindra & Mahindra, Maruti, Sun Pharma, Bharti Airtel and Tata Motors were among the gainers.

How India can become a high-income country

How India can become a high-income country

Rediff.com20 Feb 2025

For India to transform into a high-income country with a projected gross domestic product (GDP) of $23-35 trillion, will need a sustained annual growth of 8 per cent to 10 per cent. This will be powered by India's demographic dividend, technological innovation, and sectoral transformation, according to the "India@2047: Transforming India Into A Tech-Driven Economy" report by Bain & Company and Nasscom. By 2047, the services sector is expected to contribute 60 per cent of India's GDP, while manufacturing will account for 32 per cent, both playing a pivotal role in economic expansion.

Sensex ends down 330 points dragged by realty, healthcare stocks

Sensex ends down 330 points dragged by realty, healthcare stocks

Rediff.com24 Jan 2025

From the 30-share blue-chip pack, Mahindra & Mahindra, Zomato, Tata Motors, IndusInd Bank, Reliance Industries, Larsen & Toubro, UltraTech Cement, HDFC Bank, Adani Ports and Bajaj Finserv were among the major laggards. On the other hand, Hindustan Unilever, Tech Mahindra, Nestle, Bharti Airtel and ICICI Bank were among the gainers.

Modi govt opposes life-time ban on convicted politicians

Modi govt opposes life-time ban on convicted politicians

Rediff.com26 Feb 2025

The Centre said as a matter of judicial review, the court could declare the provisions to be unconstitutional, however, the relief sought by the petitioner effectively sought to read "life-long" instead of "six years" in all sub-sections of Section 8 of the Act.

Women, Your Birth Number Can Help You Succeed

Women, Your Birth Number Can Help You Succeed

Rediff.com7 Mar 2025

By understanding the elements that rule your birth number, you can learn how to enhance your professional journey, improve your work life and grow in your career.