Reliance Industries, Oil India, ONGC gain as government cuts windfall tax
On Wednesday, February 15, the windfall tax on petroleum was decreased from Rs. 5,050 per tonne to Rs. 4,350 ($52.60).
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Jio has announced the launch of 5G service in 50 cities across 17 states and UTs
Reliance Jio is the first and only provider to deploy 5G services in the majority of cities.
Reliance Industries stock rises nearly 1% after Q3 results
Reliance Industries, owned by billionaire Mukesh Ambani, announced a 15% decline in net profit to Rs 15,792 crore for the December 2022 quarter, as increased financing expenses, the new windfall profit tax, and depreciation offset solid operating performance.
Reliance Jio Q3 profit rises by 28% to ₹4,638 crores
Jio Platforms' revenue growth has been fueled by a consistent increase in both subscriber base and ARPU for the connectivity sector.
Lotus Chocolate shares rise 5% on news of Reliance Retail’s majority stake takeover
Lotus Chocolate Co shares gained 5% on Friday, a day after a unit of Reliance Retail Ventures agreed to purchase a majority stake.
Stocks to watch: NBFCs, Welspun Enterprises, Reliance Industries and more
Balrampur Chini, Indiabulls Housing Finance, and Punjab National Bank (PNB) were the three stocks in the F&O embargo period on Wednesday.
Stocks to watch: Reliance Industries, Gail India, JK Cement, India Cements and more
Stocks to Monitor On Friday, Aban Holdings and Landmak Cars will make their stock market debuts. Both of these equities are probably going to have a slow trading onset.
Reliance Retail acquires the India operations of German retailer Metro AG for Rs 2,850 Crore
Reliance Industries Ltd (RIL) has announced the acquisition of Metro AG's India division for Rs 2,850 crore. RIL will gain access to METRO Cash & Carry India Pvt Ltd's huge network of shops in prime places across important cities.
Stocks to watch: Wipro, HPCL, Adani Ports, Reliance Industries, Hindustan Foods and more
As a result of their crossing 95% of the market-wide position limit, the NSE has included Delta Corp, Bhel, Indiabulls Housing Finance, Gujarat Narmada Valley Fertilizers & Chemicals, IRCTC, and PNB on the list of shares that are prohibited from trading on Friday under the F&O sector.
Stocks to watch: SBI, Reliance, InterGlobe Aviation, Bank of Baroda, Titan and others
The stocks in focus as they release their September quarter earnings today are Coal India, BPCL, India Cements, Paytm, PB Fintech, and Aditya Birla Capital.
India’s Jio 5G services have been launched ahead of the Diwali holiday
Jio has stated that it plans to introduce 5G services this year in significant cities including Delhi, Mumbai, Kolkata, and Chennai.
Reliance Jio will announce the arrival of 5G services in Rajasthan on Saturday
Akash Ambani, the company's chairman, will dedicate the services to Srinathji, the Ambani family's deity.
Reliance Jio’s net profit increased to Rs. 4,518 crore in the September quarter due to the deployment of 5G services
From October 5 with a small group of subscribers, Jio began the beta trial of its 5G services in four cities: Delhi, Mumbai, Kolkata, and Varanasi.
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