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In contrast, the valuation of Reliance Industries dropped by Rs 17,141.77 crore to Rs 13,72,017.43 crore. During the last week, Sensex soared 2,278.99 points or 5.75 per cent.
Reliance Industries (RIL) rose by 3.87 percent in early trade on Wednesday, after the company announced Saudi Arabia’s Public Investment Fund’s (PIF) investment of Rs 9,555 crore in the retail unit.
According to the statement made by the firm, the PIF will take a 2.04% stake in Reliance Retail Ventures Ltd (RRVL).
Currently, the company is working on three projects in the KG-D6 block, where the production in the older fields was halted in February. Out of the three fields, the R-series will go live first.
Business tycoon Mukesh Ambani's net worth dropped by $5 billion as Reliance Industries Ltd.’s shares tumbled to the lowest price in the last 3 consecutive months also following a drop in quarterly profit.
The court said that Mukesh Ambani is the chairman of Reliance Industries which has a good impact on the country's GDP. If he and his family are willing to bear the whole cost of the Z+ security then the state is bound to provide him with the required.
The Women’s T20 Challenge will be played at Sharjah, starting from November 4 between three franchises - Supernovas, Trailblazers and Velocity led by Harmanpreet Kaur, Smriti Mandhana and Mithali Raj.
On August 29, Future Retail had announced that it would “sell by way of a slump sale the retail and wholesale business” of its supermarket chain Big Bazaar, premium food supply unit Foodhall, and fashion and clothes supermart Brand Factory’s retail and wholesale units to Reliance Retail.
The objection placed by Amazon.com Inc has stuck Reliance and Future Group deal in mid-air. Now, the Bombay Stock Exchange is in talks with SEBI (Security and Exchange Board of India) for verifying the deal.
Barring refinery, all of the Reliance subsidiaries, including retails and telecom, may have witnessed an improved business during the July-September quarter (Q2) because of the easing of nationwide lockdown.
Reliance Industries Ltd. (RIL) announced on Thursday that foreign institutional investors (FII) have raised stake in the company to 25.2% in Q2 FY2021.
Mukesh Ambani said, "I am pleased to welcome KKR as an investor in Reliance Retail Ventures“.
Reliance Jio Platforms is set to launch its IPO
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