Reliance Industries is India's largest private sector company on all major financial parameters.  It is an Indian multinational company headquartered in Mumbai. Reliance owns businesses across India engaged in energy, petrochemicals, textiles, natural resources, retail, and telecommunications. Reliance is one of the most profitable companies in India, the largest...
Reliance Industries Ltd, the administrator of the world's greatest refining unpredictable, revealed a 39% drop in its March quarter benefit, the steepest drop since December 2008, as a sharp fall in oil costs and lower fuel requests pounded its predominant vitality organizations. The organization, India's biggest by showcase esteem,...
India needs to resume its economy as fast as possible so that people start having jobs, for which have been lost due to the COVID-19 situation, said by former Reserve Bank of India Governor Raghuram Rajan. In an interaction with former Congress president Rahul Gandhi, Rajan said India needed...
Baby food maker Nestle India, which is scheduled to the publish its March quarter earnings on Tuesday, will see a pressure on its topline due to the lockdown situation. Edelweiss Securities estimates revenue, Ebitda and net profit to dip 5.8 percent, 21.9 percent and 15.4 per cent respectively year-on-year (i.e....
The Enforcement Directorate on Thursday arrested DHFL promoters Kapil and Dheeraj Wadhawan in connection with the money laundering probe against Yes Bank co-founder Rana Kapoor and others. As they said that the brothers were remanded to 10 day ED custody by a special court in Mumbai. The Wadhawans are...
Billionaire Mukesh Ambani’s stake sales in the Jio Platforms has helped lift an otherwise the tepid venture investment activity in May, that taking the allover inflows to USD 5.4 billion as against tto USD 935 million in April. The investments have literally doubled as compared to the year ago...
Bajaj Finance reported that a fall of 19% in its profit to ₹948 crore in the 3 months between January-March 2020 compared to the same time as last year. As Bajaj Finance said in its filing with the BSE - “Due to COVID-19 pandemic and the consequent lockdown, the...
The Billionaire Anil Agarwal controlled Vedanta Ltd on Tuesday and began the process of seeking shareholders nod for delisting the company. The proposal need to be approved by around 66.7 percent of minority shareholders. The company would file for a reverse book building process with the stock exchanges. In the...
The Securities and Exchange Board of India (SEBI) told on Thursday that it has advised Franklin Templeton Mutual Fund to focus on returning money to investors, in the context of their winding up six of their debt schemes. The market regulator's comments come a day after Franklin Templeton’s global...
Reliance Industries company also announced India’s biggest rights issue of Rs 53,125 crore in the ratio of 1:15 at a price of Rs 1,257 per share. Mukesh Ambani told that despite the daunting challenges arising from the fallout of the global pandemic, their company has once again delivered a...