Reliance Jio Q4 results: On Monday, Reliance Jio Infocomm announced a 13.17% increase in its fourth-quarter profit for FY24, attributed to continuous growth in subscriber numbers. Jio operates as the telecom arm of Reliance Industries Ltd (RIL). The telecommunications provider reported that its net profit rose to Rs 5,337 crore in the January-March quarter, up…
Ambani Adani’s Mahan Energen: Last week, two of India’s biggest conglomerates, Reliance Industries and the Adani Group’s power business, forged an agreement. This deal entails Reliance Industries (RIL) acquiring a 26 percent stake in Mahan Energen Limited (MEL), a subsidiary of Adani Power based in Madhya Pradesh. While the investment amount of Rs 50 crore…
Today’s stock market: Domestic market benchmarks the Nifty 50 and Sensex closed lower on Saturday, January 20, with shares of Reliance Industries (RIL) and Hindustan Unilever (HUL) among the top losers after their December quarter earnings failed to please investors – Today’s stock market HUL and RIL both announced their quarterly results after market hours…
Alok Industries: Preferential shares were privately placed with RIL at a dividend rate of nine percent. Once Reliance Industries Ltd (RIL) subscribed for non-convertible redeemable preferential shares worth Rs 3,300 crore on January 2, shares of Alok Industries surged by 20 percent and were locked in their upper circuit at Rs 25.80, also the highest…
