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 was the top loser in the Sensex pack, plunging 2.52 per cent, followed by HUL, Asian Paints, Kotak Mahindra, Nestle, NTPC and Power Grid Corp.
Digital and omnichannel are focus areas in Retail where disclosures didn't include segmental details.
During the week, the Sensex declined 438.51 points or 0.87 per cent, while the Nifty shed 32.50 points or 0.21 per cent.
The bench also stayed the single judge order to attach assets of Future Group's Kishore Biyani and others directing them to appear in the court on April 28.
Following the large-cap markets, the broader markets also plunged with MidCap and SmallCap closing at 1.3 and 1.6 per cent down respectively.
