"Reliance Industries Ltd's (RIL) strong earnings will keep leverage in check as the company continues to pursue growth ambitions. We expect the company's debt-to-EBITDA ratio to remain commensurate with the rating (BBB+/Stable/--)," S&P said in a note.
Wyzr: The company intends to design and develop the products in-house as it pitches to establish a homegrown brand in a market dominated by foreign labels. It had previously launched private label brand Reconnect, with products built by third parties.
Adani Group to invest INR 2.3 lakh crore by 2030 for renewable energy expansion. AGEL and ANIL lead in capacity increase and manufacturing. Overcoming challenges, the group aims for significant growth in the sector.
Walt Disney is reported to have agreed to sell 61 per cent of its India business to Viacom 18, the media arm of Reliance Industries Ltd, in what is seen as a major development in the Indian media and
A consortium backed by Mukesh Ambani’s Reliance Industries Ltd and India’s top engineering schools aim to launch its first ChatGPT-style service next month, a big step in the country’s ambitions to become a player in the field of artificial intelligence.
Russian Oil: A European think-tank revealed that over one-third of India's oil product exports to the G7-led coalition countries came from Russian crude. While the coalition imposed price caps on crude but not on refined products, India's Jamnagar refinery, operated by Reliance Industries Ltd, played a significant role, exporting EUR 5.2 billion of oil products to the coalition. Despite restrictions on Russian crude, India imported EUR 3.04 billion of it to supply the sanctioned countries. Additionally, the Vadinar refinery, operated by Nayara Energy and partly owned by Rosneft, exported EUR 469 million of oil products to the coalition, with the USA being a major importer.
“Noteworthy support from heavyweight RIL spurred the rally, propelling the index. Global markets trading on a positive note further strengthened the rally,” said Om Mehra, Technical Analyst, SAMCO Securities.
Reliance Jio: This is a part of Sri Lanka's efforts to reduce government stake in state-owned firms under the $2.9 billion International Monetary Fund (IMF) programme.
This year, the application process has been taken online for the first time. Registration for the programme has started from January 11 and will remain open till January 19, the firm said on its website.