18 stories mentioning BOM:500325Updated 10d ago
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Reliance Industries (NSE:RELIANCE, BOM:500325) has an average rating of buy and mean price target of 1,671.88 Indian rupees, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
Reliance Industries (NSE:RELIANCE, BOM:500325) has an average rating of buy and mean price target of 1,671.88 Indian rupees, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
Reliance Industries' (NSE:RELIANCE, BOM:500325) consolidated attributable net profit fell to 209.46 billion Indian rupees in the fiscal first quarter ended June 30 from 269.94 billion rupees a year ago.Diluted earnings per share came in at 15.48 rupees, down from 19.95 rupees a year earlier, the Indian conglomerate said in a Friday bourse filing.Revenue from operations in fiscal Q1 increased to 3.119 trillion rupees from 2.487 trillion rupees a year ago.
Japanese government-backed Nippon Export and Investment Insurance (NEXI) will sign a memorandum of understanding on Thursday on a trade insurance deal with Indian conglomerate Reliance Industries (NSE:RELIANCE, BOM:500325), Nikkei reported Thursday.The deal covers trade insurance on a 100 billion yen syndicated loan, supporting solar panel and battery manufacturing expansion to strengthen supply chain cooperation between the two countries, the report said.The loan by a group of seven banks, including MUFG Bank, BNP Paribas and JPMorgan Chase, will be in both yen and dollars for the procurement of materials and equipment and research, giving Japanese companies access to the Indian market.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Reliance Industries (NSE:RELIANCE, BOM:500325) has an average rating of buy and mean price target of 1,687.28 Indian rupees, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
Jio Platforms, the telecom services unit of Indian conglomerate Reliance Industries (NSE:RELIANCE, BOM:500325), has filed draft papers on Friday for its long-awaited initial public offering, according to a same-day filing to the Indian stock exchanges.The company filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India, BSE, and the National Stock Exchange of India, to issue up to 270 million shares through its IPO.While the document does not provide specifics on the timing and size of the public offer, local media reports estimate the IPO could be worth around 350 billion Indian rupees to 400 billion rupees.Jio Platforms plans to use the proceeds from the IPO to pare the debt of its subsidiary, Reliance Jio Infocomm, which has nearly 524.4 million customers in India as of March 31.Reliance owns over 66% stake in Jio Platforms, while Google International owns 7.7%, and Meta Platforms owns nearly 10%, as per the DRHP.The company's shares were up over 2% in Monday's trade.
Reliance Industries' (NSE:RELIANCE, BOM:500325) subsidiary Jio Platforms said its board has approved the draft red herring prospectus for a proposed initial public offering.The offering will comprise a fresh issue of up to 270 million equity shares with a face value of 10 rupees each, according to a stock exchange filing on Friday. The issue price will be determined at a later stage.The proposed IPO remains subject to regulatory and other necessary approvals.
Reliance Jio Infocomm, the telecom unit of Indian conglomerate Reliance Industries (NSE:RELIANCE, BOM:500325), is said to be filing draft papers for its expected $4 billion initial public offering (IPO) soon, the Financial Times reported on Wednesday, citing sources.The announcement might be made before Reliance Industries' chairman Mukesh Ambani's annual speech to shareholders on Friday.Reliance Jio did not immediately respond to' request for comment.As per the news report, in August last year, Reliance Group head Mukesh Ambani told shareholders that the telecom company's IPO would come in the first half of 2026.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Reliance Industries (NSE:RELIANCE, BOM:500325), Vedanta (NSE:VEDL, BOM:500295) and Adani Group have expressed interest in setting up rare earth processing facilities in Andhra Pradesh, India, Reuters reported on Thursday, citing people familiar with the matter.The companies are among about 10 firms exploring opportunities in the state, the report noted.Reuters said Andhra Pradesh is seeking cabinet approval for its proposed rare earth corridor policy, which is expected within a month. The state will reportedly invite bids for such projects after securing cabinet approval.The move comes as India seeks to strengthen domestic rare earth processing capabilities and reduce reliance on imports of critical minerals, Reuters reported.Rare earth elements are key inputs in permanent magnets used in electric vehicles and various industrial applications.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Global technology giant Meta and Indian conglomerate Reliance Industries (NSE:RELIANCE, BOM:500325) have agreed to establish an AI-enabled data center in Jamnagar, India, according to a statement issued on Tuesday.Under the terms of the agreement, Reliance will build a data center with 168 MW capacity, which Meta will lease, with options to scale. The Facebook parent will cover the full cost of the energy and water supporting the facility.Meta and Reliance have a long-standing partnership, including a massive $5.7 billion investment by Meta in Jio Platforms in 2020. In 2025, Reliance and Meta also partnered for enterprise AI solutions for India, with a proposed joint investment of $100 million.
Moody's has upgraded the ratings of four major corporates in India as part of the revision of its sovereign-linked ratings methodology, which replaces its earlier framework, according to a Friday statement issued by the ratings agency.In this process, Tata Consultancy Services' (NSE:TCS, BOM:532540) long-term local currency issuer rating was upgraded to A2 from Baa1. The long-term local currency issuer rating of another technology giant, Infosys (NSE:INFY, BOM:500209), was upgraded to A2 from Baa1.Both companies are the only ones to be rated at four notches above the Indian sovereign.Moody's said both technology giants benefit from a highly diversified revenue base across geographies and sectors, strong and consistent profitability, excellent liquidity, a debt-free balance sheet, and sustained robust free cash flow generation.The ratings agency also upgraded Reliance Industries' (NSE:RELIANCE, BOM:500325) long-term local currency issuer rating and its foreign currency senior unsecured ratings to Baa1 from Baa2, while Tata Steel's (NSE:TATASTEEL, BOM:500470) long-term foreign currency issuer rating has moved up to Baa2 from Baa3.Moody's said Reliance gains from its leading positions across oil-to-chemicals, digital services, and retail, as well as counter-cyclical business segments and significant international exposure, with more than one-third of revenue coming from exports.For Tata Steel, Moody's said that the company continues to benefit from its close association with the parent Tata Sons and the broader Tata Group, including the strength of the Tata brand, which supports its access to funding and relationships with lenders and investors.The outlook for all four Indian companies remains stable, the statement said.
Reliance Industries (NSE:RELIANCE, BOM:500325) said Major League Baseball (MLB) is teaming up with its subsidiary, RISE Worldwide, to support baseball-related activities in India, according to an Indian bourse filing on Wednesday.The collaboration will focus on marketing, digital and commercial initiatives. It also includes plans to host a live baseball event in Mumbai in October, the announcement said.RISE Worldwide operates as an independent entertainment, sports, and lifestyle company.Shares of Reliance Industries fell nearly 1% in Thursday's trade.
Reliance Industries (BOM:500325, NSE:RELIANCE) is in talks with battery giant Contemporary Amperex Technology (SHE:300750, HKG:3750) and other suppliers to purchase battery energy storage system parts, Bloomberg reported Tuesday, citing people familiar with the matter.The Indian giant's move could help it obtain a second major source of battery parts for its upcoming factory in Jamnagar, Gujarat, India, the report said, citing the sources.That source will beef up supplies from Xiamen Hithium Energy Storage Technology, Bloomberg said.Reliance has faced roadblocks in obtaining technological know-how to produce lithium-ion battery cells, pushing the company to rely on packaging pre-manufactured battery cells into big ones amid Beijing's export controls on battery technology, Bloomberg said.Reliance and CATL did not immediately respond to requests for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Reliance Industries (NSE:RELIANCE, BOM:500325) plans to offer only fresh shares in the proposed initial public offering of Jio Platforms, without stake sales by existing investors, Bloomberg reported Monday, citing people familiar with the matter.Jio Platforms could raise up to $4 billion through the offering, the people told Bloomberg. This would make it India's largest-ever IPO, surpassing Hyundai Motor India's $3.3 billion listing, the report noted.The company aims to file draft papers for IPO this month, the report said. Market volatility due to the Iran war has already delayed timelines, it added.A fresh issue structure would help reduce overseas capital outflows at a time when foreign investors continue to pull money from Indian equities, Bloomberg noted.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Reliance Industries's (NSE:RELIANCE, BOM:500325) consolidated attributable net profit declined to 169.7 billion Indian rupees in the fiscal fourth quarter ended March 31, from 194.1 billion rupees a year ago.The Indian conglomerate's earnings per share contracted to 12.54 rupees from 14.34 rupees a year earlier, according to a Friday filing to the Indian stock exchanges. The EPS was lower than the 14.77 rupees estimated by the analysts polled by Visible Alpha.Revenue from operations in fiscal Q4, however, rose to 2.986 trillion rupees from 2.646 trillion rupees a year ago. This was higher than Visible Alpha's estimate of 2.588 trillion rupees.The company's board recommended a dividend of 6 rupees per equity share of 10 rupees each for the financial year ended March 31.
Mattresses and pillows manufacturer Magenta Lifecare (BOM:544188) has secured an order of an undisclosed amount for 6,000 mattresses from Reliance Industries (NSE:RELIANCE, BOM:500325), according to a BSE filing on Friday.The company's shares were down nearly 5% in recent trade.
