Jio, MediaTek in pact for two-wheeler mobility solutions
Jio Things provides end-to-end cutting-edge Internet of Things solutions, while MediaTek powers over two billion connected devices a year25-07-2024
25-07-2024
Paris Olympics 2024: Today's football matches, live timings (IST) streaming
Paris Olympics 2024 today's football schedule: Eight football matches will be played at the Paris Olympics 2024 today. Jio Cinema will live streaming the Paris Olympics in India.24-07-2024
RIL gets US nod to resume crude imports from Venezuela despite sanctions
India's largest privately owned refiner plans to start purchasing Venezuelan crude soon, said the people, who asked not to be named as the information is not public24-07-2024
RELIANCE INDUSTRIES LTD. - 500325 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
We enclose the information regarding loss of share certificate(s) for 10,593 shares received from the shareholder(s) of the Company on July 22, 2024.23-07-2024
RELIANCE INDUSTRIES LTD. - 500325 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
We enclose the details of ''Letter(s) of Confirmation'' issued by the Company to its shareholders, in lieu of share certificate(s) reported as lost by them.23-07-2024
RELIANCE INDUSTRIES LTD. - 500325 - Announcement under Regulation 30 (LODR)-Acquisition
Acquisition of stake in Reliance Lithium Werks B.V.22-07-2024
Reliance Industries Q1 Results Review - Tepid Start To FY25: ICICI Securities
Despite earnings growth, the brokerage's SoTP-based target price of Rs 2,954 implies ~5% downside from here, as it sees return ratios and FCF yields remaining subdued over the next 2-3 years.22-07-2024
Q1FY25 Quarterly Result Announced for Reliance Industries Ltd.
Refineries & Petro products company Reliance Industries announced Q1FY25 results: Financial Highlights: Gross Revenue was Rs 2,57,823 crore (USD 30.9 billion), up 11.5% YoY, led by O2C on higher oil & product prices and Oil & Gas segment with strong growth in volumes. Steady growth in consumer businesses also contributed to increase in revenue. EBITDA increased by 2.0% YoY to Rs 42,748 crore (USD 5.1 billion). Strong contribution from Oil & Gas and consumer business offset weak O2C. JPL EBITDA increased 11.6% YoY primarily on account of healthy revenue growth and operating leverage. EBITDA for RRVL increased by 10.5% led by increase in footfalls and expansion of store footprint, streamlining of operations driving margin improvement. O2C EBITDA was lower by 14.3% on account of lower gasoline cracks (-30%) and lower downstream chemical deltas, particularly PE (-17%), PP (-16%) and integrated polyester margin (-15%). Oil and Gas segment EBITDA increased by 29.8% on account of higher volumes from KG D6. Depreciation increased by 15.5% YoY to Rs 13,596 crore (USD 1.6 billion) on expanded asset base across all the businesses, higher network utilization in Digital Services business, higher retail store count and ramp-up in upstream production. Finance Costs increased by 1.4% YoY to Rs 5,918 crore (USD 710 million) primarily due to higher interest rates. Tax Expenses decreased YoY to Rs 5,786 crore (USD 694 million). Profit after tax decreased YoY to Rs 17,448 crore (USD 2.1 billion). Capital Expenditure for the quarter ended June 30, 2024, was Rs 28,785 crore (USD 3.5 billion). Commenting on the results, Mukesh D. Ambani, Chairman and Managing Director, Reliance Industries said: “Consolidated EBITDA for the quarter improved from a year ago with strong contribution from Consumer and Upstream businesses offsetting weak O2C operating environment. Reliance’s resilient operating and financial performance in this quarter underscores the strength of its diverse portfolio of businesses. Importantly, these businesses are contributing significantly to India’s growth, providing vital energy and vibrant channels for digital and physical distribution of goods and services. The digital services business registered an impressive financial performance year-on-year, continuing its positive growth momentum. Jio’s True 5G network, covering ~85% of India’s 5G capacity, continues to attract users, while the fixed broadband offerings are witnessing increasing consumer traction both in homes and enterprises. The attractive value proposition offered by Jio is enabling more Indians to transition to next-gen data networks. This is further accelerating the digital revolution which is reshaping communications, analytics and computing, media and entertainment and commerce in India. Jio is committed to provide the best-quality state-of-the-art network at most affordable prices globally. Retail business delivered robust financial results, as compared to last year, well supported by all consumption baskets. With fast-paced expansion of its retail footprint, Reliance Retail continues to cement its position as the preferred retailer for millions of Indians. The digital and new commerce segments are also scaling up rapidly. Reliance Retail is focused not only on providing quality products to customers, but also on enhancing overall customer experience, both during and after sales. The deep integration and flexibility built into our O2C business model helped mitigate the impact of challenging operating environment. The business was impacted by lower fuel cracks with tepid global demand and ramp-up of new refineries. The oil and gas segment continued its growth trajectory with higher production, offsetting lower year-on-year gas price realizations. Reliance has made significant progress on the implementation of New Energy Giga-factories. On completion, these projects will provide India a world-class, integrated green energy ecosystem which can propel the next leg of sustainable growth.” Result PDF22-07-2024
RIL Shares Tumble As Analysts Trim Earnings Forecasts On Weak Q1
RIL's stock fell as much as 2.97% during the day to the lowest since June 27 on the NSE.22-07-2024
RIL starts pilots for solar, batter storage projects in Jamnagar
The Mukesh Ambani-controlled conglomerate is building a gargantuan giga complex spread over 5,000 acres as part of its new energy business, with an investment of over $10 billion21-07-2024