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Reliance Industries shares jump over 8% after Facebook-Jio deal

The deal will help the US social media giant Facebook leverage WhatsApp to partner with Reliance’s e-commerce marketplace JioMart, that connects small businesses to customers.
A JIO Telecom logo is seen at a mobile phone store in Mumbai.(AFP File)
A JIO Telecom logo is seen at a mobile phone store in Mumbai.(AFP File)
Updated on Apr 22, 2020 12:26 PM IST
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New Delhi | ByHT Correspondent

Facebook to pick up 10% stake in Mukesh Ambani’s Jio: What the deal means

The partnership with Mukesh Ambani’ Jio would allow Facebook’s Mark Zuckerberg to step up his expansion in India, the second-largest internet market after China, which is rapidly embracing online payment and e-commerce as more people get smartphones.
Facebook on April 22 announced that it was investing $5.7 billion in Reliance Jio.(Bloomberg)
Facebook on April 22 announced that it was investing $5.7 billion in Reliance Jio.(Bloomberg)
Updated on Apr 22, 2020 04:33 PM IST
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Hindustan Times, New Delhi | ByHT Correspondent

Mukesh Ambani’s RIL, valued at $138 billion, now world’s 6th largest oil company

Mukesh Ambani’s Reliance Industries Ltd, now valued at $138 billion, compared with the British energy giant BP Plc’s $132 billion value at the close of trading on Tuesday.
Mukesh Ambani is Chairman and Managing Director of Reliance Industries.(REUTERS)
Mukesh Ambani is Chairman and Managing Director of Reliance Industries.(REUTERS)
Updated on Nov 20, 2019 04:04 PM IST
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ByBloomberg

Opinion | Why top retailers are betting big on private labels

Affordability is a big trend now and consumers are open to trials where purchase size is smaller
Masaba Gupta at the launch of her Nykaa beauty collaboration.(Photo: Mint)
Masaba Gupta at the launch of her Nykaa beauty collaboration.(Photo: Mint)
Updated on Aug 21, 2019 11:50 PM IST
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ByShuchi Bansal

RIL unveils blockbuster $15 billion Aramco deal

42nd AGM Reliance Industries to sell 20% in refining, chemicals business in a bid to become a zero-debt firm in next 18 months
RIL Chairman Mukesh Ambani arrives at the Reliance Industries Ltd AGM with wife Nita Ambani and mother Kokilaben Ambani.(Aniruddha Chowdhury/Mint)
RIL Chairman Mukesh Ambani arrives at the Reliance Industries Ltd AGM with wife Nita Ambani and mother Kokilaben Ambani.(Aniruddha Chowdhury/Mint)
Updated on Aug 13, 2019 03:11 PM IST
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Hindustan Times,Mumbai | ByKalpana Pathak

Sensex up 400 points, Nifty crosses 11,800 for first time

Around 2pm on Tuesday, the broader NSE Nifty crossed 11,800 for the first time and the benchmark BSE Sensex was was up 400 point . Both indexes were headed for their four straight sessions of gains.
Indian shares extended gains to record highs on Tuesday, led by index heavyweights ICICI Bank Ltd and Reliance Industries Ltd, amid sustained buying from foreign investors.
Indian shares extended gains to record highs on Tuesday, led by index heavyweights ICICI Bank Ltd and Reliance Industries Ltd, amid sustained buying from foreign investors.
Updated on Apr 16, 2019 03:07 PM IST
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Reuters | ByReuters

High alert sounded at oil, gas units near Pak border

A former chairman and managing director of a refinery said security of all vital oil stations are crucial for the country and the government has standard operating procedures (SOPs) in place.
Emissions rise from chimneys at the Vadinar Refinery complex operated by Nayare Energy Ltd., formerly known as Essar Oil Ltd. and now jointly owned by Rosneft Oil Co. and Trafigura Group Pte., at dusk near Vadinar, Gujarat.(Bloomberg via Getty Images)
Emissions rise from chimneys at the Vadinar Refinery complex operated by Nayare Energy Ltd., formerly known as Essar Oil Ltd. and now jointly owned by Rosneft Oil Co. and Trafigura Group Pte., at dusk near Vadinar, Gujarat.(Bloomberg via Getty Images)
Published on Feb 27, 2019 10:59 PM IST
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Hindustan Times | ByRajeev Jayaswal, New Delhi

Venezuelan oil finds home in India as US shuns shipments

While flows to the US came to a halt, India became the No. 1 buyer of Venezuelan crude in the first half of February, with imports jumping 66 percent to 620,000 barrels a day.
Seven Venezuelan oil-laden vessels loaded for U.S. refiners have been stranded since sanctions were announced on Jan. 28, as state-owned Petroleos de Venezuela SA demands upfront payment for the cargoes.(AFP)
Seven Venezuelan oil-laden vessels loaded for U.S. refiners have been stranded since sanctions were announced on Jan. 28, as state-owned Petroleos de Venezuela SA demands upfront payment for the cargoes.(AFP)
Updated on Feb 18, 2019 12:18 PM IST
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ByBloomberg

Sensex falls for third straight day as fuel price cut spooks investors

Shares in state-owned oil marketing companies slumped more than 20 percent to multi-year lows on Friday, after the government on Thursday announced a 2.50 rupees-per-litre cut in gasoline and diesel prices to reduce the burden on the Indian masses from all-time high prices at fuel pumps.
Shares of energy companies fell on Friday, October 5, 2018, dragging the BSE Sensex down, a day after the government announced a <span class='webrupee'>₹</span>2.50 per litre cut in the prices of petrol and diesel.(Reuters File)
Shares of energy companies fell on Friday, October 5, 2018, dragging the BSE Sensex down, a day after the government announced a 2.50 per litre cut in the prices of petrol and diesel.(Reuters File)
Updated on Oct 05, 2018 01:06 PM IST
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Reuters | ByReuters

Jio Institute, still on paper, gets ‘eminence’ tag, sparks row

The University Grants Commission, which carried out the selections, defended the move saying the Jio Institute was selected under rules for greenfield category for new or proposed institutions.
Jio Institute was trending on Twitter on Monday as many users tagged human resource development minister Prakash Javdekar, asking him about the institute’s location and credentials.(HT File Photo)
Jio Institute was trending on Twitter on Monday as many users tagged human resource development minister Prakash Javdekar, asking him about the institute’s location and credentials.(HT File Photo)
Updated on Jul 10, 2018 03:07 PM IST
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Hindustan Times, New Delhi | By

Reliance plans to take Jio overseas, may set up unit in Estonia

Reliance Industrial Investments and Holdings will give a loan of Rs12.20 crore to Reliance Jio Estonia unit to begin operations.
Traffic travels past a billboard for Reliance Jio Infocomm Ltd. in the Bandra area of Mumbai, India.(Bloomberg via Getty Images)
Traffic travels past a billboard for Reliance Jio Infocomm Ltd. in the Bandra area of Mumbai, India.(Bloomberg via Getty Images)
Published on May 22, 2018 01:52 PM IST
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Livemint, Mumbai | ByKalpana Pathak

Reliance said to plan four new subsidiaries

The new Reliance subsidiaries could be in refining and marketing; exploration and production (E&P); petrochemicals; textiles; hydrocarbons and real estate
A man walks past an advertisement of Reliance Industries Limited at a construction site in Mumbai.(Reuters File Photo)
A man walks past an advertisement of Reliance Industries Limited at a construction site in Mumbai.(Reuters File Photo)
Updated on May 11, 2018 03:24 PM IST
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Livemint, Mumbai | ByKalpana Pathak

Airtel, Idea shares fall as Jio unveils new 199 postpaid plan

hares of Idea fell as much as 8.1% to their lowest since February 2011, while Airtel declined about 5.8%.
Traffic travels past a billboard for Reliance Jio Infocomm Ltd. in the Bandra area of Mumbai, India.(Bloomberg via Getty Images)
Traffic travels past a billboard for Reliance Jio Infocomm Ltd. in the Bandra area of Mumbai, India.(Bloomberg via Getty Images)
Updated on May 11, 2018 11:21 AM IST
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Reuters | ByReuters

TCS is first Indian firm to close trading session with $100 bn market cap

TCS had became the first Indian IT company on Monday to cross the $100 billion mark in market capitalisation (m-cap) in intra-day trade, but had closed the session at about $98.8 billion in value.
TCS shares ended 2.09% higher at <span class='webrupee'>₹</span>3,540.35 on Bombay Stock Exchange on Thursday.(Photo for representation)
TCS shares ended 2.09% higher at 3,540.35 on Bombay Stock Exchange on Thursday.(Photo for representation)
Published on Apr 26, 2018 08:17 PM IST
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Press Trust of India, New Delhi | By
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