Reliance Industries

India's Reliance to invest over $10bn in green energy business
Business & Finance

India's Reliance to invest over $10bn in green energy business

  • Reliance's plan mirrors strategies of global oil majors such as Royal Dutch Shell Plc and BP Plc that have set a goal to become net zero carbon by 2050 amid pressure from investors and climate activists.
  • It will also invest 150 billion rupees in value chain and other partnerships relating to its new renewable energy business, he said.
Published 24 Jun, 2021 07:34pm
Indian refiner Reliance's March oil imports down 10.3pc y/y
Business & Finance

Indian refiner Reliance's March oil imports down 10.3pc y/y

  • The March imports, at about 1.12 million barrels per day, were 10.8% above the previous month, the data showed.
  • Reliance shipped in about 11% of its imports from Latin America, compared with 43% a year ago, as the private refiner has stopped buying Venezuelan oil under pressure from US sanctions, the data showed.
Published 03 May, 2021 05:18pm
Indian shares slump as COVID-19 cases rise again; Reliance top drag
Markets

Indian shares slump as COVID-19 cases rise again; Reliance top drag

  • The blue chip NSE Nifty 50 index closed 1.27% lower at 14,721.30, while the benchmark S&P BSE Sensex fell 1.12% to end at 49,801.62. Both indexes have now posted four straight sessions of losses.
  • A rise in US bond yields has also limited gains for Nifty and Sensex this month to about 3%, versus a 6.6% jump in February.
Published 17 Mar, 2021 05:08pm
Indian shares end higher as Reliance, energy stocks gain
Markets

Indian shares end higher as Reliance, energy stocks gain

  • The NSE Nifty 50 index ended 0.77% higher at 15,097.35 and the S&P BSE Sensex closed up 0.51% at 51,039.31, ahead of December-quarter gross domestic product data due on Friday.
  • Reliance, which fell 3.5% on Monday, has since recovered and is up more than 4% so far this week.
Published 25 Feb, 2021 06:03pm
Reliance's $15bn stake sale deal with Aramco delayed
Business & Finance

Reliance's $15bn stake sale deal with Aramco delayed

  • Due to unforeseen circumstances in the energy market and the Covid-19 situation, the deal (with Saudi Aramco) has not progressed as per the original timeline.
  • Reliance shares fell more than 6% after Ambani's comment on the Aramco deal. The shares closed down 3.8% at 1,844 rupees each.
Published 15 Jul, 2020 08:40pm