[ad_1] MUMBAI: Jio Financial Services, part of billionaire Mukesh Ambani-led Reliance Group, and US based BlackRock Inc will form a 50:50 joint venture to launch asset management services in India. The two companies are targeting an initial investment of $150 million each in the joint venture, Jio Financial said in a release on Wednesday.The announcement … Read more
[ad_1] MUMBAI: Reliance Industries Ltd’s financial services unit was valued at about $20 billion after a special session conducted by exchanges to discover its trading value. Jio Financial Services Ltd was priced at Rs 261.85 ($3.19) apiece based on the difference between Reliance’s stock price at Wednesday’s close and trading at 10:00am Thursday in Mumbai … Read more
[ad_1] BENGALURU: Indian shares closed higher on Tuesday, advancing for the fourth session in a row, as gains in IT stocks and by Reliance Industries offset a broad sectoral decline.The Nifty 50 rose 0.19% to 19,749.25, while the S&P BSE Sensex gained 0.31% to 66,795.14. Both benchmarks rose over 0.5% during the session to hit … Read more
[ad_1] MUMBAI: The financial services business of India’s Reliance Industries will be valued at Rs 160-190 per share, according to estimates by five analysts, with the impending demerger boosting the stock price of the country’s most valuable company.Reliance Strategic Investments Ltd – to be renamed Jio Financial Services (JFS) Ltd – will be demerged on … Read more
[ad_1] The stock rallied 3.78 per cent to settle at Rs 2,735.15 on the BSE. Mumbai: Shares of Reliance Industries Limited on Monday jumped nearly 4 per cent, with its market valuation rallying by Rs 67,326 crore. The stock rallied 3.78 per cent to settle at Rs 2,735.15 on the BSE. During the day, the … Read more
[ad_1] MUMBAI: A hawkish US central bank and sharply lower Asian markets notwithstanding, Dalal Street continued to rally on Thursday with the sensex closing 340 points up at 65,786, a new all-time high closing level.The day’s gains came on the back of strong buying in heavyweights like Reliance Industries, M&M and Axis Bank, BSE data … Read more
[ad_1] MUMBAI: Equity benchmarks Sensex and Nifty buckled under selling pressure for the second straight session on Friday as a bearish trend in global equities and concerns over rate hikes by central banks unnerved investors.Besides, selling pressure in index majors Reliance Industries, Infosys and L&T also dragged the benchmark indices lower, traders said.The 30-share BSE … Read more
[ad_1] NEW DELHI: The market capitalisation of BSE-listed firms hit a fresh all-time high of Rs 294.49 lakh crore in Wednesday’s morning trade as the benchmark Sensex reached its lifetime peak of 63,588.31.The 30-share BSE benchmark advanced 260.61 points or 0.41% to hit its all-time high of 63,588.31 in morning trade.On December 1 last year, … Read more
[ad_1] MUMBAI: Equity benchmark indices rebounded in early trade on Friday amid positive global market trends and foreign fund inflows.The 30-share BSE Sensex jumped 280.62 points to 63,198.25 in early trade. The NSE Nifty climbed 82.8 points to 18,770.90.From the Sensex pack, UltraTech Cement, State Bank of India, Nestle, ICICI Bank and Reliance Industries were … Read more
[ad_1] Last Updated: June 13, 2023, 20:43 IST File photo of Reliance Industries Chairman Mukesh Ambani.(Image: News18) The Global 2000 ranks the largest companies in the world using four metrics: sales, profits, assets, and market value, Forbes said while releasing the 2023 ranking of the world’s top 2,000 companies Billionaire Mukesh Ambani’s Reliance Industries Ltd … Read more