New Delhi, May 22 (IANS) In a major shift among foreign investors regarding their investments in India’s largest conglomerates, the prominent investment management firm Capital Group has increased its exposure to Adani Group companies while decreasing holdings in Reliance Industries Ltd (RIL), according to a new report.According to a Bloomberg report, citing people familiar with the matter, the US-based firm has acquired stakes worth over $2 billion across three Adani Group companies — Adani Po…
Latest Reliance Industries Ltd News & Updates
Mumbai, April 24 (IANS) Mukesh Ambani-led Reliance Industries Ltd on Friday declared a net profit of Rs 20,589 crore for the fourth quarter (January-March) of 2025-2026 and declared a dividend of Rs 6 per share.The company’s profit after tax and share of profit/(loss) of associates & JVs decreased by 8.9 per cent year-on-year during the quarter, according to the company statement.RIL’s gross revenue increased by 12.9 per cent year-on-year to Rs 325,290 crore during Q4. Strong business mo…
New Delhi, March 11 (IANS) Amid the reports of liquefied petroleum gas (LNG) shortage due to West Asia crisis, India has secured LPG and LNG supplies through alternative routes.According to government officials, these LPG and LNG supplies from alternative locations are likely to reach the country soon.Notably, Indian refiners have also increased domestic production of LPG by 10 per cent since the government directed oil companies to maximise cooking gas output.Reliance Industries Ltd’s Jamnaga…
New Delhi, Jan 10 (IANS) The stock market focus in the coming week will shift firmly to third-quarter (Q3) earnings from India Inc, with heavyweight IT companies set to take centre stage and drive index-level direction, analysts said on Saturday.HCL Tech, TCS, Infosys, Tech Mahindra and Wipro— together accounting for nearly 13 per cent of the Nifty’s weight — are scheduled to report, making their results and management commentary critical for broader market sentiment.“Investor focus will…