NEW DELHI: Reliance Industries Ltd, India’s most valuable company, plans to commission its first solar giga-factory in the current fiscal as it pivots a green pathway to achieve net zero carbon emissions from operations by 2035. In its largest annual report, the firm said it is targeting to commission the first train of 20GW solar … Read more
Home Technology Reliance Launches Jio Finance App In Beta Version, Will Offer UPI, Digital Banking And Much More The app will integrate UPI transactions, bill settlement, insurance advisory, and offer a consolidated view of accounts and savings. Jio Financial Service will launch the beta version of Jio Finance app. New Delhi: Jio Financial Service on … Read more
Ramesh Chandra Mansukhani, Chairman, MAN Industries, says the guidance for FY25 would be around Rs 4,000 crore which will be 25-30% growth. This year we closed Rs 3,200 crore while last year it was Rs 2,200 crore. The growth will be roughly Rs 4,000 crore and we are estimating EBITDA between Rs 400 and 450 … Read more
The strength in the market is expected to continue this week. Technical analysts predict Nifty could reach 23,400. Recommended stocks for trading this week include Reliance, SBI, L&T, Tata Power, Tata Steel, JSW Energy, Granules, JK Cement, BEL, Ashok Leyland, TVS Motors, RCF, Tata Tech, and Tata Elxsi. DHARMESH SHAH HEAD OF TECHNICALS, ICICI SECURITIES … Read more
Reliance Industries Ltd.’s new venture, Tira, is leaning on artificial intelligence tools that can suggest perfumes or cosmetics to woo customers in the burgeoning but competitive Indian beauty sector.Tira, which was launched by billionaire Mukesh Ambani’s conglomerate in April last year, also uses electronic vending machines in its stores to dispense free samples of skincare … Read more
NEW DELHI: National Financial Reporting Authority (NFRA) has banned auditors of Reliance Home Finance and Reliance Commercial Finance, including the firms, and also levied a penalty for irregularities in the accounts of the two Anil Ambani group companies in 2018-19. In both cases, new auditors had been appointed after Price Waterhouse had resigned suspecting fraud.Auditor … Read more
Reliance Industries Ltd has sought access to pipelines and storages that public sector oil companies have built over the years for supplying jet fuel (ATF) from depots and oil refineries to airports, as it looks for a larger pie of fuel trade at some of Asia’s busiest airports. Reliance, which produces a fourth of India’s … Read more
Mumbai: Shares of Reliance Industries, which have the second-highest weighting in the Nifty 50, surged more than 4% intra-day to touch a near three-week high after Goldman Sachs raised its target price citing higher returns on cash invested, and a change in the mix of capital expenditure. Reliance Industries is currently the largest company in … Read more
The Biden administration is considering blacklisting a number of Chinese semiconductor firms linked to Huawei Technologies Co. after the telecom giant notched a significant technological breakthrough last year, people familiar with the matter said. Such a move would mark another escalation in a US campaign to ringfence and curtail Beijing’s AI and semiconductor ambitions. It … Read more
MUMBAI: Reliance Industries will buy out Nasdaq-listed Paramount Global’s stake in its Indian TV channel and streaming business for $517 million (Rs 4,286 crore), strengthening its play in the $28-billion media and entertainment sector. The move comes a fortnight after Reliance decided to merge the business of Viacom18 with the India unit of Walt Disney.Reliance … Read more