Reliance
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Reliance Shares Fall as Delhi HC Overturns Arbitral Award Ruling
The controversy goes back to a 2018 international arbitration award, in which the KG-D6 Consortium, including RIL, BP Exploration (Alpha) Limited, and NIKO (NECO) Limited, was awarded around $1.55 billion against the Government of India (GOI) claims for gas migration from ONGC's blocks. The arbitral award was upheld by a single judge of the Delhi High Court in May 2023, but the GOI challenged the ruling.
Reliance Industries shares fall 3% to fresh 52-week low
The decline indicates continued worries about continued foreign institutional investor (FII) outflows and weakness in the overall market.
MI Owners Secure 49% Stake in The Hundred Franchise Oval Invincibles: Report
RIL will enter into a period of exclusivity that will involve negotiations with Surrey, the ECB, and their financial advisors regarding agreements before eventually finalizing the purchase.
Reliance Infrastructure Reports ₹4,082.53 Crore Profit for July-September Quarter
The company had clocked Rs 294.04 crore net loss during the July-September period of the preceding 2023-24 fiscal, it said in a regulatory filing.
Reliance to Discuss 1:1 Bonus Share Issuance on September 5
The company, which stands as India's most valuable, previously issued bonus shares in September 2017.
Audit Reveals Rs 8,884 Crore in Outstanding Loans to Indirect Entities by Anil Ambani's Reliance Home Finance
These auditing practices brought to light a number of lapses in its lending practices. Some of these anomalies related to the loan sanctioning process and the reclassification of loans to related parties just before disbursement as non-related loans. The trends in the repayment pattern of borrower entities, the auditors identified, included circular transactions and evergreening of loans in a number of transactions.
Reliance Industries Reports Robust Q1 FY25 Gross Revenue of Rs 2.57 Lakh Crore
EBITDA for the quarter at Rs 42,748 crore ($5.1 billion) was up 2 percent yearon-year. Strong contributions from the oil & gas and consumer segments supported growth, offsetting a weak O2C operating environment.
Reliance Industries Hits Historic Rs 1 Lakh Crore Milestone in Pre-Tax Profits
In its latest financial disclosure to the stock exchange, the diversified conglomerate reported a consolidated net profit of Rs 18,951 crore, or Rs 28.01 per share, for the quarter ending March 2024. This is slightly down from Rs 19,299 crore, or Rs 28.52 per share, in the same period the previous year.
Markets Show Firm Trend with Buying Interest in Reliance and TCS
After initially trading flat, the 30-share BSE Sensex rose by 122.61 points to reach 71,551.04 in early trade, while the Nifty increased by 45.45 points to 21,763.40.
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