Mukesh Ambani-led Reliance Industries Ltd (RIL) informed the stock exchange, through a regulatory filing, that it is no longer in the race to buy a 100% stake in Kandla GHA Transmission Limited (KGTL) from PFC Consulting Limited.
Reliance Industries Ltd (RIL) reported a record annual financial performance for FY26, with consolidated profit after tax (PAT) rising 18.3 per cent year-on-year (YoY) to Rs 95,610 crore, driven by strong growth in digital services and retail businesses.
“A news report in Bloomberg claiming that ‘three vessels laden with Russian oil are heading for Reliance Industries Limited’s Jamnagar refinery’ is blatantly untrue,” Reliance Industries said in a statement.
In a regulatory filing to the stock exchanges, RIL said the media reports alleging that the government had sought $30 billion in compensation from Reliance and BP in an arbitration case were inaccurate and misleading.
India’s REIT (real estate investment trust) market is projected to reach Rs 19.7 lakh crore by 2030 from Rs 10.4 lakh crore in 2025, driven by high occupancy, favourable taxation and broader sectoral inclusion, according to a report released on Friday.
Reliance Petroleum Retail Limited (under name change to 'Reliance Polyester Limited'), a wholly owned subsidiary of Reliance Industries Limited (RIL), on Saturday executed definitive documents to acquire polyester business of Shubhalakshmi Polyesters Limited for cash consideration of Rs 1,522 crore.
Margin profiles for FMCG businesses are superior to that of grocery retailers with gross margins of 40-60 per cent and EBITDA margin of 15-25 per cent versus 15 per cent and 9 per cent, respectively, for DMart.
Drawn from existing standards, the Stakeholder Capitalism Metrics provide a set of metrics that can be reported on by all companies.
MSCI rebalancing of flows, profit-taking took away all the gains ahead of the outcome of GST Council meet,said S Ranganathan.
Manish Hathiramani, technical analyst with Deen Dayal Investments said: "The markets opened on a soft note this morning. The support for the Nifty is currently at 17,250 and as long as that holds, traders can consider a buy on dips approach for a target of 17,450."
