Reliance Industries (RIL) was up 3.5% to Rs 1,465, also its fresh 52-week high on BSE in early morning trade, after the company reported 12.3% year on year (Y-o-Y) growth
Mukesh Ambani-led Reliance Industries on Friday regained its status as India’s most valued firm by market capitalisation, overtaking Tata Group’s crown jewel TCS
Billionaire Mukesh Ambani-owned Reliance Industries Ltd will start selling coal-bed methane from its central India block next month after the government allowed producers freedom to set prices, people with knowledge of the matter said.
Come May 1, five cities across India — one in every region including Chandigarh in Northern region, Jamshedpur in Eastern region, Udaipur in West and Vizag in Southern region besides Puducherry will start selling petrol and diesel on a daily dynamic pricing model.
Shares of Reliance Industries rallied for a fifth straight trading session on Wednesday to hit the Rs 1,400 mark for the first time since May 2008.
The Reliance IndustriesBSE 0.95 % (RIL) counter will be under watch on Monday after market regulator Sebi (Securities and Exchange Board of India) on Friday barred the country’s second most-valued firm as well as 12 other entities from equity derivatives trading for one year.
Insider trading case: SEBI bans Reliance Industries, 12 others from equity derivative market for 1 year
The Securities and Exchange Board of India (Sebi) on Friday barred Reliance Industries Ltd (RIL), the country’s second most valued firm, and 12 other entities from dealing in equity derivatives futures and options segment for a period of one year, directly or indirectly, for allegedly indulging in fraudulent trades in Reliance Petroleum in 2007.
Reliance IndustriesBSE 0.95 % today said it will challenge the Sebi order in the Reliance PetroleumBSE 0.34 % case before the Securities Appellate Tribunal, terming the regulator’s directions as “unjustifiable sanctions”.
Reliance Industries rated ‘Overweight’; Morgan Stanley says energy investments to boost earnings until FY20
What’s next: This was the key investor question in the past two weeks after RIL’s 17% outperformance versus Sensex. While investor debate on telecom earnings and energy project execution may continue near term
India has perhaps for the first time imported petrol and diesel from China as the world’s third largest oil consumer looks at diversifying its sources of fuel.