Reliance
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.
Reliance Records 9% Rise in Net Profit Despite Earnings Impact from Planned Oil Refinery Shutdown
The oil-to-chemicals (O2C) business, the primary revenue driver, experienced subdued earnings due to a planned maintenance shutdown in the refining complex in Jamnagar.
Reliance Industries Market Capitalization Surpasses INR 18 Trillion Milestone
Siddhartha Khemka, Head of Retail Research at Motilal Oswal Financial Services, noted that Nifty exhibited sideways trading, concluding marginally positive at 21,647 levels. This came ahead of the release of US inflation data and the commencement of the Q3FY24 earnings season on Thursday.
Reliance Maintains Strong Lead in Wizikey’s NewsmakersIndia Ranking
The Wizikey News Score, a metric determined by factors such as news volume, headline presence, publication reach, and readership, positioned Reliance at the pinnacle for the fourth consecutive year.
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