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The Latest Breaking News from Reliance

SEBI takes NDTV to Supreme Court after tribunal reduces penalty for Roys

The Securities and Exchange Board of India has filed civil appeals before the Supreme Court against NDTV, its founder-promoters Prannoy Roy and Radhika Roy, and promoter-group vehicle RRPR.

Newslaundry

Ship captains held by Indonesian navy decry bribes and betrayal

Plagued by mosquitoes at night and marauding monkeys by day, ship captain Glenn Madoginog was held for months at an Indonesian naval base before ending up in a cramped prison cell, sleeping alongside convicted murderers and child rapists.

Reuters

Natural gas price to rise to record level this week

Prices of natural gas, which is used to generate electricity, make fertiliser and is converted into CNG to run automobiles, is likely to rise to record levels at the rate review scheduled this week, sources said. Read more on Dynamite News:

Dynamite News

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NDTV moves Supreme Court over SAT order ‘in its favour’

NDTV co-founders Radhika and Prannoy Roy have moved the Supreme Court for civil appeals against an order issued in July by the Securities Appellate Tribunal, or SAT.

Newslaundry

Why Is Anil Ambani's Reliance Power Up 40%?

Shares of Reliance Power (NSE: RPOWER) have been volatile after the Indian electric company secured a long-term debt agreement for up to 12 billion rupees ($150.4 million) from private equity firm Varde Partners, a US-based investment firm focused on distressed assets in India.

Benzinga

Reliance emerges as a winner after India’s wheat ban

Reliance had the paperwork it needed to export wheat and has quickly become the No 2 exporter since the ban.

Al Jazeera

What exactly does NDTV's loan agreement with Reliance-linked firm say?

Billionaire Gautam Adani is set to control at least 29 percent of NDTV for Rs 113 crore. The acquisition, announced last week, triggered an open offer for the Adani group to buy another 26 percent of the TV network for nearly Rs 490 crore – 16,762,530 shares at Rs 294…

Newslaundry

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Reliance AGM 2022: Mukesh Ambani says daughter Isha is leader of retail business

Billionaire Mukesh Ambani on Monday introduced daughter Isha as leader of his conglomerate's retail business as he details succession planning at India's most valuable firm.

Dynamite News

Reliance AGM 2022: Jio to launch 5G by Diwali, aims to cover entire country by 2023, Mukesh Ambani

Reliance chairman Mukesh Ambani made the announcement while addressing the shareholders at the Annual General Meeting via immersive and interactive metaverse technology. Read more on Dynamite News:

Dynamite News

NDTV: the hostile takeover

Large conglomerates owning media units might crimp editorial independence

The Hindu

How Adani is taking over NDTV without consulting the Roys

Through an indirect deal, the media arm of Adani Enterprises, led by Gautam Adani, the fourth richest person in the world, will acquire nearly 30 percent of NDTV’s shares over the next two days. The deal has kicked in an open offer, under which the Adani group is open to…

Newslaundry

Reliance joins Indian Olympic Association as principal partner

The partnership has "an aspiration to host the Olympic Games in the future", the company said in a statement

The Hindu

Reliance expects gas price to rise in October, wants removal of ceiling prices

The government sets gas prices every six months based on international rates

The Hindu

3 Steel Stocks to Help Fortify and Keep Your Portfolio Strong in the Long Term

The steel industry is expected to witness increased demand thanks to the construction sector's revival and the easing of COVID-19 restrictions in China. Given the industry’s solid growth prospects, fundamentally sound steel stocks Nucor Corporation (NUE), United States Steel Corporation (X), and Reliance Steel & Aluminum Co. (RS) could be…

StockNews.com

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The Hindu

RIL and AFI sign long-term partnership

KOCHI: The Reliance Industries Limited (RIL) and the Athletics Federation of India (AFI) took their

Bangkok Post

CP vies for Metro’s Indian wholesale unit

Charoen Pokphand Group Co and Reliance Industries Ltd are among suitors for German retailer Metro AG’s wholesale operations in India, according to people familiar with the matter, as the companies seek to deepen their retail portfolio in one of the world’s largest consumer markets.

The Independent UK

More than half a billion pounds in public money paid to rogue housing providers in just one city

Exclusive: In Birmingham, £555m has been paid out in housing benefit in just four years to providers subject to watchdog action

StockNews.com

Better Buy: Reliance Steel & Aluminum Vs. Olympic Steel

Despite inflationary pressures, steel demand is expected to remain positive this year and the next. With favorable prospects across market segments, steel industry players Reliance Steel & Aluminum (RS) and Olympic Steel (ZEUS) might benefit. However, which stock is a better buy? Read on to find out.

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news in one place.

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Dynamite News

Mukesh Ambani resigns from Reliance Jio Board, Akash appointed Chairman

Reliance Industries chairman Mukesh Ambani has resigned from the board of Reliance Jio handing over reigns to his elder son Akash Ambani, who will be Chairman of the Board of Directors.

StockNews.com

These 3 Industrial Names are Still Undervalued

The industrial sector is expected to grow significantly in 2022 due to strong demand for industrial goods and supportive government policies to spur domestic industrial production. Thus, it could be wise to invest in fundamentally sound industrial stocks Friedman Industries (FRD), Nippon Steel (NPSCY), and Reliance Steel (RS), which are…

Benzinga

Indian Conglomerate Reliance Eyes Bankrupt Revlon: Reuters

Indian conglomerate company Reliance Industries is mulling acquiring cosmetics maker Revlon Inc (NYSE: REV), Reuters reported. The development comes in the wake of Revlon filing for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the Southern District of New York. Revlon is facing heavy debts as it struggles to compete with brands driven by social media…

Dynamite News

Sports: Mission to take IPL to cricket fans around the world

Director of Reliance Industries Ltd. Nita Ambani said that they have a 'Mission to take IPL to cricket fans in every part of the world. Read further on Dynamite News:

Birmingham Post

Indian billionaire Mukesh Ambani and Apollo Global Management reportedly make £5bn Boots bid

In April an insider told BusinessLive eighth richest on earth was interested in buying the high street business

Benzinga

Morning Brief: Top Financial Stories Dominating on Thursday, June 9

Reuters Blackstone Closes In Crown Bid After Australia Approvals: Reuters

Benzinga

India's Apollo Global, Reliance Make a Binding Offer For UK's Boots: Bloomberg

Apollo Global Management Inc. (NYSE:APO) and Ambani's Reliance Industries Ltd. led consortium have made a binding offer for Walgreens Boots Alliance Inc.'s (NASDAQ:WBA) international arm, reported Bloomberg, citing people familiar with the matter. The source stated that the proposal values Boots at more than £5 billion ($6.3 billion). Walgreens is seeking a valuation of around £7…

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