#Reliance Industries Ltd (RIL)
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cavenewstimes · 11 days ago
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Disney, Reliance Close Megadeal to Form Indian Entertainment Powerhouse
The Walt Disney Co., Reliance Industries Ltd. (RIL), and Viacom 18 Media Private Ltd. said Thursday that the merger of the media and JioCinema businesses of Viacom18 into Star India has become effective, creating a big joint venture in India. In addition, RIL has invested around $1.4 billion into the joint venture (JV) for its growth. “The JV has allotted shares to Viacom18 and RIL as…
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hindustanmorning · 1 month ago
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Following the JioCinema merger, Reliance plans to keep Disney+ Hotstar as its main platform Report
Following the merger of Star India and Viacom18, Reliance Industries Ltd (RIL) has chosen Disney+ Hotstar as its principal streaming platform, with JioCinema to be incorporated, according to The Economic Times. The move aims to boost Reliance’s position in the Indian streaming market. While Reliance has not confirmed the move, sources said employees at JioCinema and Disney+ Hotstar were informed…
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equitynivesh · 3 months ago
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Top 10 Large Cap Stocks to Buy
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Here are the top 10 large-cap stocks in India that are often considered by investors for their potential growth, strong fundamentals, and market position:
1. Reliance Industries Ltd. (RIL)
A diversified conglomerate with businesses spanning energy, petrochemicals, retail, digital services, and more.
2. HDFC Bank Ltd.
One of India's largest private-sector banks, known for its strong balance sheet, wide reach, and stable growth.
3. Infosys Ltd.
A leading IT services company, with a strong global presence in consulting, technology, and outsourcing.
4. Tata Consultancy Services Ltd. (TCS)
A top IT services company offering a wide range of technology and consulting services worldwide.
5. Bharti Airtel Ltd.
A major telecom operator in India with a strong presence in both mobile and fixed-line broadband segments.
6. ICICI Bank Ltd.
Another leading private-sector bank, known for its strong digital offerings and diversified portfolio.
7. Larsen & Toubro Ltd. (L&T)
A multinational conglomerate with interests in engineering, construction, technology, and financial services.
8. Hindustan Unilever Ltd. (HUL)
A top player in the FMCG sector with a diverse portfolio of consumer goods ranging from personal care to home care products.
9. Kotak Mahindra Bank Ltd.
A prominent private bank in India known for its robust retail and corporate banking services.
10. Bajaj Finance Ltd.
A leading non-banking financial company (NBFC) that offers a range of financial products including loans, insurance, and investment products.
These stocks are chosen based on their market leadership, financial stability, growth potential, and sectoral significance. Before investing, it's important to conduct thorough research or consult with a financial advisor.
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optionperks · 3 months ago
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Stock Market Today: Nifty Posts Best Winning Streak In Nearly 17 Years; RIL, ITC Lead Gains
Indian benchmarks ended at a record high with the NSE Nifty 50 recording the best winning streak in nearly 17 years, tracking gains in shares of Reliance Industries Ltd., and Tata Motors Ltd. The NSE Nifty 50 settled 99.60 points or 0.40% higher at 25,151.95, and the BSE Sensex ended 349.05 points or 0.43% higher at 82,134.61. The Nifty 50 rose for 11 consecutive session and logged best winning streak since Sept 15, 2023. During the last leg of the trade, the Nifty 50 rose 0.56% to a fresh high of 25,192.90, and the Sensex rose 0.61% to a fresh high of 82,285.83. "The Nifty 50 traded in thin range prior to reliance limited annual general meeting. Announcement of Bonus shares and listing of its subsidiaries volatility peaked up. Nifty registered a fresh all time high of 25,192. Metal index witnessed profit booking as the dollar index showed some recovery. Whereas Bajaj twins enjoyed good recovery," said Hashim Yacoobali, director, South Gujarat Shares And Sharebrokers Ltd. Reliance Industries Ltd., ITC Ltd., Tata Motors Ltd., Bajaj Finance Ltd., and HCL Technologies Ltd. added to the benchmark index. Mahindra & Mahindra Ltd., Infosys Ltd., Kotak Mahindra Bank Ltd., Grasim Industries Ltd., and Sun Pharmaceutical Industries Ltd. weighed on the index.
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sudeep1224 · 3 months ago
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Top 10 Reliable Nifty 50 Stocks
  Most Reliable Stocks in the NIFTY 50
    Most reliable stocks in the NIFTY 50 (the flagship index of the National Stock Exchange of India), investors typically consider factors like historical performance, financial stability, market capitalization, and consistent returns.
 As per my knowledge, here are some of the most reliable and well-regarded stocks in the NIFTY 50:
1. Reliance Industries Ltd. (RIL)
Overview Full Name: Reliance Industries Limited Sector: Conglomerate (Energy, Petrochemicals, Telecom, Retail) Founded: 1966 Founder: Dhirubhai Ambani Headquarters: Mumbai, Maharashtra, India Market Capitalization: Largest company in India by market capitalization
 Reliance Industries Limited (RIL) is one of India's largest and most diversified conglomerates and the largest company in India by market capitalization.
RIL has a strong presence in energy, petrochemicals, textiles, natural resources, retail, and telecommunications.
Reliance Industries Limited is a cornerstone of the Indian corporate landscape, renowned for its leadership across multiple sectors.
With its strong financial health, strategic diversification, and continuous innovation, RIL remains a reliable and attractive option for investors.
2. Tata Steel Ltd
     Overview
       Established: 1907.       Headquarters: Mumbai, Maharashtra.      Key People: Natarajan Chandrasekaran Chairman, T. V. Narendran CEO&MD.      Price: ₹150        Tata Steel Ltd is one of the world's leading steel companies, renowned for its innovative practices and sustainable approach to business.     Tata Steel has operations in 26 countries and a commercial presence in over 50 countries, with manufacturing units in India, the Netherlands, and the United Kingdom.    Tata Steel is one of the top steel producers globally and the second-largest steel company in India by domestic production.    Tata Steel's commitment to innovation, sustainability, and social responsibility has established it as a leader in the global steel industry.The company's focus on quality, customer satisfaction, and ethical business practices continues to drive its growth and success​ thus it is a good option for long run.
3. Infosys LtD.
                                                                                 Overview
Full Name: Infosys Limited Sector: Information Technology Services Founded: July 2, 1981 Founders: N. R. Narayana Murthy and six others Headquarters: Bangalore, Karnataka, India Market Capitalization: Among the largest IT services companies in India
Infosys Ltd. is a global leader in technology services and consulting, renowned for its innovative approach to delivering business solutions.
As one of the largest IT services firms in India, Infosys has a significant presence worldwide, serving clients across various industries.
Infosys is considered a blue-chip stock, popular among investors for its stability and growth potential. and a reliable and attractive choice for investors seeking exposure to the technology sector.
 4. Tata Consultancy Services Ltd. (TCS)
                  Overview
            Full Name: Tata Consultancy Services Limited
            Sector: Information Technology Services
            Founded: 1968
            Parent Company: Tata Group
          Headquarters: Mumbai, Maharashtra, India
         Market Capitalization: One of the largest IT services companies globally.
    Tata Consultancy Services Ltd. (TCS) is one of the leading global IT services, consulting, and business solutions organizations.
    As a part of the Tata Group, India's largest multinational business group, TCS has a strong reputation for delivering innovative and efficient solutions to its clients worldwide.
    TCS is regarded as a blue-chip stock, attractive for its stability, growth potential, and consistent dividends.
5. Hindustan Unilever Ltd. (HUL).
            Overview
                Full Name: Hindustan Unilever Limited
                Sector: Fast-Moving Consumer Goods (FMCG)
                Founded: 1933
                Parent Company: Unilever
                Headquarters: Mumbai, Maharashtra, India
               Market Capitalization:Among the largest FMCG companies in India  
      Hindustan Unilever Ltd. (HUL) is a leading fast-moving consumer goods (FMCG) company in India, known for its diverse portfolio of household and personal care products.
    Strong brand recognition and loyalty mong consumers, extensive distribution network and continuous innovation in products make them a dominant player in the Indian FMCG sector.
    HUL is considered a blue-chip stock, known for its stability, reliable dividends, and growth potential and thus remains a reliable and attractive investment choice.
6. ICICI Bank Ltd.
                Overview
Full Name: ICICI Bank Limited
Sector: Banking and Financial Services
Founded: 1994 (originates from ICICI established in 1955)
Headquarters: Mumbai, Maharashtra, India
Market Capitalization: Among the largest private sector banks in India.
ICICI Bank Ltd. is one of India's leading private sector banks, known  for its comprehensive range of financial services
The bank's service portfolio encompasses retail banking, corporate banking, wealth management, insurance, and investment products.
ICICI Bank continues to play a pivotal role in driving India's economic growth and empowering millions of individuals and businesses with financial solutions tailored to their needs.
ICICI Bank Ltd. stands as a pillar of strength in India's banking sector, recognized for its unwavering commitment to customer-centricity, digital innovation, and financial  excellence thus this stock considered as a good stock for  investors to invest.
7. Kotak Mahindra Bank Ltd
                        Overview
Full Name: Kotak Mahindra Bank Limited
Sector: Banking and Financial Services
Founded: 1985
Founder: Uday Kotak
Headquarters: Mumbai, Maharashtra, India
Market Capitalization: Among the top private sector banks in India
        Kotak Mahindra Bank Ltd. stands out as a leading player in the Indian banking sector, recognized for its strong customer focus, innovative digital solutions, and robust financial performance.
    Kotak Mahindra Bank consistently demonstrates strong financial performance, with steady revenue growth and healthy profit margins.
    Its substantial asset base reflects financial stability, and a high return on equity (ROE) indicates efficient management and robust profitability.
    With its comprehensive service offerings, strategic growth initiatives, and commitment to financial inclusion, Kotak Mahindra Bank remains a reliable and attractive investment choice in the banking industry.
8. Bharti Airtel Ltd
                    Overview
                  Full Name: Bharti Airtel Limited
                        Sector: Telecommunications
                        Founded: 1995
                        Founder: Sunil Bharti Mittal
                        Headquarters: New Delhi, India
                        Market Capitalization: One of the largest telecom companies in India and the world
    Bharti Airtel Ltd. is one of India's leading telecommunications companies, known for its wide range of telecom and digital services.
    Bharti Airtel continues to be a major player in the telecommunications industry, with a focus on innovation, customer satisfaction, and expansion into new markets.
    The core of Airtel's business, providing mobile voice and data services. Airtel has a vast subscriber base, making it one of the top mobile service providers in India and Africa.
    Bharti Airtel remains a significant player in the telecommunications industry, driven by innovation, customer focus, and strategic expansion.
    If you have a long-term investment horizon and are comfortable with the inherent risks, Bharti Airtel could be a valuable addition to your investment portfolio.
9. Asian Paints Ltd.
            Overview
                Full Name: Asian Paints Ltd.
                Sector: Paints and Coating
                Founded: 1942
                Founder: Champaklal Choksey, Chimanlal, and Suryakant Dani.
                Headquarters: Mumbai, India.
                Market Capitalization: One of the largest Paints and Coatings companies in India and the world.
 Asian Paints Ltd. is a leading name in the paints and coatings industry in India, with a significant global presence.
    India’s growing middle class and urbanization trends contribute to increasing demand for housing and home improvement products, directly benefiting Asian Paints. 
    Additionally, the company’s international presence provides exposure to other growing markets.
    Asian Paints Ltd. offers a compelling investment opportunity due to its market leadership, consistent financial performance, diversified product portfolio, and commitment to innovation and sustainability.
    If you have a long-term investment criteria and are comfortable with the associated risks, then  Asian Paints could be a valuable addition to your portfolio.
10. HCL Technologies Ltd.:
            Overview
                Founded: 1976
                Founder: Shiv Nadar
                Headquarters: Noida, India
                CEO: C Vijayakumar (as of the latest update)
                Industry: Information Technology and Services
     HCL Technologies is one of India's leading IT services companies, with a significant presence in over 50 countries. 
    Its established brand and market reputation provide a competitive advantage.
    HCL Technologies Ltd. is a prominent player in the global IT services sector, known for its strong market position, diverse service offerings, and commitment to innovation and sustainability.
    Its robust financial performance, strategic partnerships, and extensive global presence make it a compelling investment opportunity. 
    However, potential investors should be mindful of the competitive landscape, economic sensitivity, and regulatory risk
  These stocks are generally considered reliable due to their strong financial performance, market leadership, and consistent growth. However, it's essential to conduct thorough research and consider your investment.
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nationedition · 4 months ago
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Top 10 Nifty 50 Stocks: Market Leaders Driving India's Stock Market
The Nifty 50 index is a benchmark index of the National Stock Exchange (NSE) in India, representing the top 50 blue-chip companies across various sectors. These companies are considered the market leaders and play a crucial role in driving the Indian stock market. Here’s a look at the top 10 Nifty 50 stocks that are currently leading the pack. 1. Reliance Industries Ltd. (RIL) Sector: Energy,…
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aashishmnhr24 · 4 months ago
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Reliance Industries
Reliance Industries Limited is an Indian Multinational Conglomerate Headquartered in Mumbai. Its businesses include Energy, Petro-Chemicals, Natural Gas, Retail, Entertainment, Telecommunications, Mass Media and Textiles. Reliance is the largest public company in India. By market capitalization and revenue. The 100th largest company world wide. It is India's largest private taxpayer and largest exporter, accounting for 7 percent of India's total merchandise exports. The company has relatively little free cash flow and high corporate debt.
History
Reliance Commercial Cooperation was setup in 1958 by Dushyant Cooperation as a small venture firm trading commodities, especially spices and polyester yarn.
In 1965, the partnership ended and Dirubhai continued the polyester business of the firm. In 1975, company expanded its business into textiles, with "Vimal" becoming its major brand. The company held its initial public offering (IPO) in 1977.
The Reliance Textiles Industries Pvt. Ltd. was incorporated in Maharashtra. It established a synthetic fabrics mill in the same year at Naroda in Gujarat. The company expanded its polyester yarn business by setting up a Polyester Filament Yarn Plant in Patal Ganga, Raigad.
Name of the Company
In 1985, the name of the company was changed from Reliance Textiles Industries Ltd. to Reliance Industries Limited. The Hazira Petro-Chemical Plant was commissioned in 1991-92.
In 1993, the Reliance turned to the overseas capital markets for funds. In 1996, it became the first private sector company in India to be rated by International Credit Rating Agencies.
Moody's rated "BAA3" Investment grade, constraint by the sovereign ceiling.
In 1995-96, the company entered the telecom industry through a joint venture with 9YNEX USA and promoted Reliance Telecom Private Limited in India.
In 1998, Reliance took over Indian Petro-Chemicals Cooperation Ltd. During privatization of public sector enterprises. In 1998-99, RIL introduced packaged LPG in 15 Kgs Cylinders under the brand name Reliance Gas.
The years 1998-2000, saw the construction of the integrated Petro-Chemical complex at Jamnagar in Gujarat, the largest refinery in the world.
Baroda Plants was taken over by the IRL. Dahej Manufacturing Complexes came under RIL. Reliance Fresh was started in 2006.
In 2010, Reliance introduced Broadband Services with the acquisition of Infotech Broadband Services Limited. It also formed a 50:50 Joint BP(British Petroleum) for sourcing and marketing of Gas in India.
In 2017, RIL setup a Joint Venture with a Russian Company, Sibur for setting up a Butyl Rubber Plant in Jamnagar Gujarat. In August 2019, Reliance added FYND primarily for its consumer businesses and mobile phone services in the e-commerce space.
In February, RIL and the BHARAT GPT GROUP announced it will launch large language model (LLM), Hanuman's AI's System in 2024.
The model will work in 11 Local Languages in four major areas:- Health, Governance, Financial Services and Education.
In March 2024, RIL partnered with Disney to introduce Reliance Disney OTT Platform.
Jio Platform
Jio Platforms Ltd, essentially a technology company is a majority owned subsidiary of RIL. It has a valuation of more than $100 Billion on expert view as of October 2022. It is the result of a corporate restructuring announce in October 2019.
Reliance Retail
Mukesh Ambani has named his son, Akash Mukesh Ambani as the chairperson of Jio in 2022. Reliance retail is the retail's business wing of the Reliance's Industries. In March 2013, it had 1466 stores in India.
Many brands like Reliance Fresh, Reliance Footprint, Reliance Timeout, Reliance Digital, Reliance Wellness, Reliance Trends, Reliance Auto Zone, Reliance Super Mart, Reliance Store, Reliance Home Kitchens, Reliance Market (Cash and Carry) and Reliance Jewel come under the Reliance Retail Brand.
Mukesh Ambani Stepped down from the position of Chairperson of Reliance Retail and handed over the Job to his daughter Isha Ambani IRL Piramal.
Ambani announced it during the 45th Reliance AGM (Annual General Body Meeting), in 2022 as per reports this act is a part of Ambani's leadership transition.
Reliance Industrial Infrastructure
RIL is mainly engaged in the business of setting up and operating Industrial Infrastructure. The company is also engaged in activities involving leasing and providing services connected with computer software and data processing.
Network 18
Through Network 18, Reliance owns multiple news channels including CNN News 18 and News 18 India. Network 18 is a mass media company. It has interests in television, digital platforms, publication, mobile apps and films. It also operates two Joint Ventures, namely Viacom 18, History Tv 18 with Viacom.
It has also acquired a partial part of ETV Network and since renamed its channels under the Colors Tv Brand.
Reliance Demerger and Family feud
Ambani family holds around 45% of the shares in RIL. Since its inception, the company was managed by its founder and chairman Dirubhai Ambani. After suffering a stroke in 1986, he handed over the daily operations of the company to his sons Mukesh Ambani and Anil Ambani. After the death of Dirubhai Ambani in 2002, the management of the company was taken up by both the brothers in November 2004, Mukesh Ambani in an interview, admitted to having differences with his brother Anil over "Ownership Issues". He also said that the differences are in the private domain.
The share prices of RIL were impacted by some margin when this news broke out. In 2005, after bitter public feud between the brothers over the control of Reliance Empire, Mother Kokillaben Intervened to broker a deal splitting RIL Group business in to two parts.
In October 2005, the split of Reliance group was formalized.
Mukesh Ambani got Reliance Industries and IPCL. The Younger Brother Anil Ambani received Telecom, Power, Entertainment and Financial Services business of the group.
The Anil Dirubhai Ambani group includes Reliance Communications, Reliance Infrastructure, Reliance Capital, Reliance Natural Resources and Reliance Power.
The division of business between the two brothers also resulted in Demerger of four businesses from RIL. These businesses immediately became part of Anil Dhirubhai Ambani Group. The existing shareholders in RIL received shares in the demerged companies.
Criticisms and Controversies
The company has attracted controversy for reports of political corruption, cronyism, fraud, financial manipulation and exploitation of its customers, Indian Citizens and Natural Resources.
The chairmen of Reliance Industries, Mukesh Ambani, has been described as a Plutocrat.
ONGC Litigation
In May 2014, ONGC moved to Delhi High Court accusing RIL of Pilferage of 18 Billion cubic meters of Gas from its Gas-producing Block in the Krishna Godaveri Basin .
Subsequently, the two companies agreed to form an Independent expert panel to prove any pilferage.
Cronyism
Seminar magazine (2003) detail Reliance founder Dhirubhai Ambani's proximity to politicians, his enmity with Bombay Dyeing's Musliwadia, the exposes by the Indian Express and Arun Shouriy about Illegal imports by the company and overseas share transactions by shell companies and the botched attempt to acquire Larson and Toubro.
Criminal Investigation
The CBI charged a file sheet in a Mumbai court against Reliance Industries and four retired employees of National Insurance Company Ltd. and former CMD under provisions of the Prevention of Corruption Act for criminal conspiracy and other charges.
The 2005, the complaint had alleged irregularities in the issuance of insurance policies- for coverage of default payments- By NICL to IRL.
The chargesheet also mentioned criminal offences with dishonest intentions and causing wrongful laws totaling 147.41crores to NICL and wrongful gain to the private telecom provider.
IRL Plane Grounded
A business jet owned by RIL was grounded by the Directorate General of Civil Aviation on 22nd March 2014.
During a surprise inspection for carrying expired safety equipment on board, its pilot was also suspended for flying without a license.
Future Retail Deal and Possession
In February 2022, Reliance terminated the leases of 100s of future retail locations, the next largest retail chain in India and took possession of those Brick and Water Shops.
Future Retail had a deal to sell its assets to Reliance but that Deal was contested by Amazon.com which in 2019, acquired a stake in a sub unit of future retail along with certain rights with respect to the transfer of the retailers assets.
Stock Manipulation and Penalty
For manipulating shares of Reliance Petroleum Ltd, Reliance Industries was fined Rs/-950crore. The market crashed by 30% after it floated at roughly Rs/-100. RIL carried out an organized operation with the help of its agents in order to obtain unauthorized profits from the trading from its formerly listed unit RPL.
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finance5paisa · 4 months ago
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NSE Highlights: Who Made the Biggest Moves in Gains and Losses Today?
The National Stock Exchange (NSE) is a barometer of India's economic health and market sentiment. Daily trading activity provides insights into the financial markets, showcasing which stocks have gained momentum and which have faced setbacks. Today, we analyze the top gainers NSE and the top losers today, offering a snapshot of the biggest movers in the market. Understanding these movements helps investors make informed decisions and strategize their investments effectively.
Market Overview
Today's trading session on the NSE was characterized by significant fluctuations, with notable movements in both directions. The NSE index showed mixed trends as various sectors responded differently to market stimuli, including economic data releases, corporate earnings reports, and global market cues.
Top Gainers NSE
Reliance Industries Ltd. (RIL): Leading the pack of top gainers NSE, RIL saw a substantial uptick in its stock price. The company’s strong performance in the energy sector and recent strategic investments contributed to its bullish run.
HDFC Bank: Another prominent name among the top gainers NSE, HDFC Bank benefited from positive quarterly earnings reports and strong growth forecasts in the banking sector.
Tata Consultancy Services (TCS): The IT giant made it to the list of top gainers NSE due to robust demand in the digital transformation space and favorable earnings reports.
Infosys: Similar to TCS, Infosys saw its stock price surge as it capitalized on the growing need for IT services globally, making it one of the top gainers NSE.
Larsen & Toubro (L&T): The engineering and construction conglomerate registered impressive gains driven by new project wins and optimistic future prospects.
Top Losers Today
Yes Bank: Topping the list of top losers today, Yes Bank faced a significant drop in its stock price. Concerns over asset quality and capital adequacy issues contributed to its decline.
Indiabulls Housing Finance: This stock also found itself among the top losers today due to ongoing concerns about the real estate sector and liquidity challenges.
Tata Motors: Despite being a strong player in the automotive industry, Tata Motors experienced a downturn, making it one of the top losers today. Weak sales figures and global economic uncertainties impacted its performance.
Vedanta Ltd.: The mining and metals company faced losses due to fluctuating commodity prices and regulatory challenges, placing it among the top losers today.
Bharti Airtel: The telecom giant saw a dip in its stock price, landing it in the category of top losers today, primarily due to competitive pressures and regulatory hurdles.
Factors Influencing the Market
Several factors contributed to the movements of these stocks:
Economic Indicators: Macroeconomic data such as GDP growth rates, inflation figures, and employment data play a crucial role in shaping investor sentiment and influencing stock prices.
Corporate Earnings: Quarterly earnings reports provide insights into a company's financial health and future prospects, impacting investor decisions.
Global Market Trends: International market trends and global economic events also affect the NSE, as they influence investor behavior and market dynamics.
The NSE's daily fluctuations reflect the dynamic nature of the stock market, influenced by a myriad of factors ranging from corporate performance to global economic trends. Today's highlights, featuring the top gainers NSE and the top losers today, provide valuable insights for investors. Keeping an eye on these movements helps in making strategic investment decisions, ensuring a balanced and diversified portfolio.
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wiseglobalresearchservices · 4 months ago
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Nifty, Sensex Near Day's Lows As RIL, Airtel Weigh: Midday Market Update
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pathfinderstrainings · 5 months ago
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The Jio Platforms IPO Buzz: What Investors Need to Know
Introduction Ever since Jio Financial Services Ltd (JFSL) made its debut in July 2023, the Indian stock market has been buzzing with anticipation. Investors, financial analysts, and tech enthusiasts alike are eagerly waiting for the potential listing of Reliance Industries Ltd’s (RIL) telecom arm, Jio Platforms Ltd. Will it be through a vertical split or a public issue? This blog explores the…
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gauravverma5778 · 5 months ago
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ES Ranganathan Applauds ONGC's KG Block Oil Debut
The successful extraction from the KG Block is more than just a technical achievement; it is a strategic move that aligns with the Aatmanirbhar Bharat initiative. “This success has significant economic benefits, including boosting the domestic oil and gas sector, reducing dependency on imports, and creating job opportunities in the energy industry,” says ES Ranganathan. ONGC's achievement supports the government's vision of making India self-reliant in various sectors, including energy.
This victory is expected to have various positive economic impacts, significantly contributing to the nation's GDP. “Job creation in the oil and gas sector will strengthen the workforce and support local communities,” says ES Ranganathan. Additionally, increasing domestic oil production enhances India's energy security, providing a stable and reliable source to meet the nation’s growing energy demands. “The successful development of the 'M' field in phase 2 of the project is expected to significantly impact India's oil output, with an estimated peak production of 45,000 barrels per day,” mentions Ranganathan. ONGC's commitment to the 'Make in India' initiative was clear, as most of the fabrication work was done at a modular facility in Kattupalli. The KG-DWN-98/2 block, located next to Reliance Industries Ltd’s (RIL) gas field at the KG-D6 block, is a valuable addition to ONGC's portfolio.
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gopaltarunias · 5 months ago
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hindustanmorning · 1 month ago
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Reliance share price: Is it wise to purchase RIL stock before Monday's Q2 results 2024
Reliance share price: Reliance Industries Ltd. (RIL) shares will be the subject of attention on Monday since the board of the business has scheduled a meeting for October 14, 2024, to review and approve the standalone Q2 results of the Sensex heavyweight. The company, which is owned by Mukesh Ambani, has already notified the Indian stock exchanges of the date of its board meeting in order to…
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optionperks · 3 months ago
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India's Top 10 Most-Valued Firms Loses Rs 17,000 Crore In Market Cap As RIL, HUL Drag
optionperks
India's top 10 most-valued firms lost cumulative Rs 17,450 crore in market valuation on Tuesday, with Reliance Industries Ltd. and Hindustan Unilever Ltd. emerging as the biggest losers. Infosys Ltd., Larsen & Toubro Ltd., ICICI Bank Ltd. and Bharti Airtel Ltd. were among the gainers in the session. RIL lost Rs 16,373 crore, taking its market capitalisation to Rs 20.30 lakh crore and HUL approximatly lost Rs 12,723 crore in market cap to Rs 6.5 lakh crore. ITC Ltd., HDFC Bank Ltd., Tata Consultancy Services Ltd. and State Bank of India were also among the losers on the day. The benchmark stock indices ended a lackluster session on Tuesday with little change as gains in Infosys and Larsen & Toubro supported the indices, while losses in Reliance Industries and Hindustan Unilever weighed on the day. The benchmark stock indices ended a lackluster session on Tuesday with little change as gains in Infosys and Larsen & Toubro supported the indices, while losses in Reliance Industries and Hindustan Unilever weighed on the indices.
The market capitalization of Infosys rose by Rs 9,071 crore to Rs 7.88 lakh crore. L&T also gained Rs 8,001 crore, taking its market cap to Rs 6.31 lakh crore. RIL remained the most valued firm, followed by TCS, HDFC Bank Ltd., Airtel, ICICI Bank, Infosys, SBI, Hindustan Unilever Ltd., ITC and L&T.
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haridha5 · 8 months ago
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Mukesh Ambani Is at the Top and Gautam Adani at 2nd on Forbes List 2024
The richest person in India currently remains Mukesh Ambani, the CEO of Reliance Industries Ltd. (RIL). From $83.4 billion in 2023 to an extraordinary $116 billion this year, his total assets skyrocketed. His entire wealth puts him in the top 10 list of billionaires globally alongside his wealth in India.
Read more: https://yourviews.mindstick.com/view/87139/mukesh-ambani-is-at-the-top-and-gautam-adani-at-2nd-on-forbes-list-2024
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twnenglish · 8 months ago
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Highest Paid CEOs in India 2024: Who Earns the Most?
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The Top 10 CEOs in India are awarded with goodwill accounts
1. Mukesh Ambani - CEO of Reliance Industries Ltd
The Early life of Mukesh Ambani
Mukesh Ambani Birth- Mukesh Ambani was born on April 19, 1957, (66 Years) in the British Crown colony of Aden (present-day Yemen) to Dhirubhai Ambani and Kokilaben Ambani. He hails from a Gujarati Hindu family and has a younger brother, Anil Ambani, and two sisters, Nina Bhadrashyam Kothari and Dipti Dattaraj Salgaonkar.
Mukesh Ambani Net worth: 11,110 crores USD
Mukesh Ambani Awards –
NDTV Business leader of the year 2010m The Ernst and Young Entrepreneur of the Year 2000.
The Best Mukesh Ambani Quote –
“Everybody has equal opportunity and I think that is true for everything”.
Background and Leadership of Mukesh Ambani
Education: Mukesh attended Hill Grange High School in Mumbai, where he met his close associate Anand Jain.
After secondary schooling, he studied at St. Xavier’s College, Mumbai.
He received a Bachelor of Chemical Engineering (B.E.) degree from the Institute of Chemical Technology.
Although he was admitted to Stanford University for an MBA, he left the program to contribute to the family business.
Leadership: Mukesh D. Ambani serves as the Chairman and Managing Director of RIL.
 Under his guidance, Reliance has achieved significant milestones across various sectors.
Mukesh Dhirubhai Ambani, the CEO of Reliance Industries Ltd., holds a formidable 44.7% ownership in the company, establishing him as a significant influencer in the business landscape. As one of Asia's wealthiest individuals, Ambani's strategic leadership has propelled Reliance Industries to unprecedented heights. His annual remuneration of around 15 crores solidifies his position as one of India's highest-paid CEOs.
Under Ambani's direction, Reliance has flourished across various sectors, notably in telecoms and petrochemicals, cementing its status as a corporate powerhouse. Ambani's relentless pursuit of innovation and visionary leadership has not only elevated Reliance on the Indian economic stage but has also earned him global recognition as a business legend. Renowned for his entrepreneurial spirit and strategic acumen, Ambani serves as an inspiration to leaders and entrepreneurs worldwide.
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