#RIL Q3 Results | The consolidated revenue for the country’s most valuable company by market capitalisation rose 52.2% YoY to Rs 209,823 crore in the quarter.
Rachita Prasad brings us the story 🔻
https://www.moneycontrol.com/news/business/companies/ril-q3-net-soars-38-as-both-energy-consumer-businesses-clock-robust-growth-7969481.html?utm_source=telegram&utm_medium=social
Rachita Prasad brings us the story 🔻
https://www.moneycontrol.com/news/business/companies/ril-q3-net-soars-38-as-both-energy-consumer-businesses-clock-robust-growth-7969481.html?utm_source=telegram&utm_medium=social
Moneycontrol
RIL Q3 net soars 38% as both energy, consumer businesses clock robust growth
The net profit of the company was boosted by a one-time gain of Rs 2,836 crore from sale of its upstream shale gas assets in Eagleford in Texas, USA.
The Kishore Biyani-led FRL is locked in a legal battle against Amazon at various forums, over a #merger deal which it had signed in August 2020 with Mukesh Ambani's #RIL.
Read more 👇
https://www.moneycontrol.com/news/business/companies/factbox-forums-where-future-retail-amazon-case-is-under-litigation-8169611.html?utm_source=telegram&utm_medium=social
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https://www.moneycontrol.com/news/business/companies/factbox-forums-where-future-retail-amazon-case-is-under-litigation-8169611.html?utm_source=telegram&utm_medium=social
Moneycontrol
Factbox: Forums where Future Retail-Amazon case is being heard
Amazon, which gained a foothold in FRL through a 2019 deal with its gift coupons unit, has taken the legal route in a bid to block the sale of the company's retail assets to RIL.
Vendors, employees, landlords, and suppliers of the #FutureGroup have expressed hopes of reviving business as they welcome #RIL taking operational charge of the stores which are being rebranded under the #RelianceRetail label.
Read more at ⤵️
https://www.moneycontrol.com/news/business/companies/future-retail-employees-vendors-heave-sigh-of-relief-as-reliance-takes-over-stores-8187631.html?utm_source=telegram&utm_medium=social
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https://www.moneycontrol.com/news/business/companies/future-retail-employees-vendors-heave-sigh-of-relief-as-reliance-takes-over-stores-8187631.html?utm_source=telegram&utm_medium=social
Moneycontrol
Future Retail employees, vendors heave sigh of relief as Reliance takes over stores
Reliance has been making job offers to employees of the stores, which will ensure continuity for nearly 30,000 workers of Future Group's retail network.
#MarketsWithMC: Morgan Stanley has upgraded the #RIL target price by 20% to Rs 3,253 a share and reiterated its overweight rating after the firm sought to be the world's top blue hydrogen maker, sending shares to 52 week high.
Read at:
https://www.moneycontrol.com/news/business/stocks/morgan-stanley-bumps-up-reliance-target-as-conglomerate-aims-for-blue-hydrogen-crown-shares-pop-8387711.html?utm_source=telegram&utm_medium=social
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https://www.moneycontrol.com/news/business/stocks/morgan-stanley-bumps-up-reliance-target-as-conglomerate-aims-for-blue-hydrogen-crown-shares-pop-8387711.html?utm_source=telegram&utm_medium=social
Moneycontrol
Morgan Stanley bumps up Reliance target as conglomerate eyes blue hydrogen crown, sending shares to all time high
Morgan Stanley has upgraded target price to Rs 3,253 a share and reiterated its overweight rating
#MarketsWithMC: India's most valued firm, #RIL, today crossed Rs 19 trillion in market capitalisation for the first time as the stock hit a record of Rs 2,757 on BSE, up 1.7% intraday.
Read at:
https://www.moneycontrol.com/news/business/earnings/indias-most-valued-firm-reliance-crosses-rs-19-trillion-in-market-cap-8416831.html?utm_source=telegram&utm_medium=social
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https://www.moneycontrol.com/news/business/earnings/indias-most-valued-firm-reliance-crosses-rs-19-trillion-in-market-cap-8416831.html?utm_source=telegram&utm_medium=social
Moneycontrol
India's most valued firm Reliance crosses Rs 19 trillion in market cap
The stock hit a record of Rs 2,757 on BSE, up 1.7 percent intraday
#MarketsWithMC | Brokerages were largely positive on #RelianceIndustries after the oil-to-telecom conglomerate’s March quarter earnings, reported on May 6.
Here's what analysts have to say about #RIL results 👇
https://moneycontrol.com/news/business/markets/one-of-best-earnings-growth-story-among-largecaps-analysts-react-to-rils-q4-performance-8473941.html?utm_source=telegram&utm_medium=social
Here's what analysts have to say about #RIL results 👇
https://moneycontrol.com/news/business/markets/one-of-best-earnings-growth-story-among-largecaps-analysts-react-to-rils-q4-performance-8473941.html?utm_source=telegram&utm_medium=social
#RILAGM2022: "I would like to announce our new Giga Factory for Power Electronics. One of the key components linking the entire value chain of Green Energy is affordable and reliable power electronics," said #RIL Chairman #MukeshAmbani.
#RILAGM2022: "We are privileged to have world’s leading tech cos as partners in our ‘Made in India’ 5G collaboration Meta, Google, Microsoft, Ericsson, Nokia, Samsung, Cisco. Today, I announce an exciting partnership with Qualcomm," said #RIL Chairman #MukeshAmbani.
#RILAGM2022: "I would like to announce our new Giga Factory for Power Electronics. One of the key components linking the entire value chain of Green Energy is affordable and reliable power electronics," said #RIL Chairman #MukeshAmbani.
#RILAGM2022: "Even when Reliance further expands its global footprint in the future, which it surely will, it will proudly retain its Indian soul and Indian identity," said #RIL Chairman #MukeshAmbani.