Reliance rejig of media business makes Sony deal less likely: Experts
Reliance Industries' move to consolidate its media and distribution businesses under one entity Network18 Media & Investments will create a cleaner structure and make the merger of entertainment channels with Sony less likely, experts said.
Sensex slips 153 pts; Nifty ends below 12,100
Market benchmark Sensex dropped 153 points on Thursday, dragged by losses in index heavyweights...
RIL drops but group entities surge on consolidation move
TV18 Broadcast scrip settled higher by 14.71 per cent at Rs 28.85.
RIL jumps over 2% as stake sale talks with Aramco gather pace
Aramco officials have been working at Reliance’s offices in Mumbai for due diligence this month.
Share market update: Nifty Energy Index rises; Adani Transmissions up 3%
The Nifty Energy index was trading 1.14 per cent up at 14958.25 .
Global brokerages see up to 44% upside for Airtel, find Vodafone Idea vulnerable
With Vodafone's future uncertain, Bharti Airtel and RIL come out clear winners, analysts said.
MFs raise holdings in Bharti Airtel as business prospects brighten for telco
The local funds have been buying Bharti Airtel for the last three quarters.
Mukesh Ambani's RIL to consolidate media and distribution business
The restructuring will create a mega diversified media entity with interests in news, entertainment, internet, ISP and cable businesses that can compete with Zee Group, Bennett Coleman and Co Ltd, the publishers of The Economic Times, Sun Tv Networks, Sony among others. The boards of these companies met on Monday to clear the proposal.
What changed for Market while you were sleeping
Asian shares stepped back from three-week highs on Monday as investors weighed the near-term hit on global growth from a fast-spreading coronavirus outbreak in China.
Markets may return 15-20% this year in line with earnings growth: Rahul Chadha, Mirae Asset
PSUs can get re-rated by 50-60% if government embarks on a privatisation initiative, said Rahul Chadha, chief investment officer at Mirae Asset Global Investments. Hong Kong-based Chadha is also positive on the insurance sector despite the announcement of a new tax regime in the Union Budget and the government’s plan to do away with exemptions going forward. Edited excerpts:
Reliance, HDFC twins pull Sensex lower; Nifty below 12,100
Market breadth was neutral as gainers and losers were almost equal in number on BSE.
Reliance Industries says will comply with US policies on Venezuela
The United States on Wednesday said oil firms, including Reliance, Russia's Rosneft, Spain's Repsol and U.S.-based Chevron Corp, need to tread cautiously in their activities in Venezuela, in an attempt to ramp up pressure against Venezuelan President Nicolas Maduro.
8 out of top 10 firms add Rs 1 lakh crore to m-cap; RIL biggest gainer
RIL's valuation zoomed Rs 33,534.56 crore to reach Rs 9,42,422.58 crore.
Reliance, Aramco accelerate refinery stake sale talks
Reliance is keen to sign a binding agreement before the next annual shareholders meeting.
Reliance Industries' new hyperlocal store format to aid new commerce initiative
RIL's previously announced new commerce initiative entails on-boarding kirana stores and digitising them via merchant POS machines. The concept was to leverage the network presence of kirana stores for RIL's e-commerce initiative. Under this initiative, RIL started JioMart pre-registration in December last year. JioMart is the food and grocery e-commerce venture.
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