RELIANCE INDUSTRIES: CO UNIT RELIANCE DIGITAL HEALTH LTD HAS AGREED TO ACQUIRE A 45% EQUITY STAKE IN HEALTH ALLIANCE GROUP INC. FOR USD 10 MILLION TO DEVELOP A VIRTUAL DIAGNOSTIC AND CARE PLATFORM.

 21 Dec 2024 04:39 PM

RELIANCE INDUSTRIES: CO UNIT RELIANCE DIGITAL HEALTH LTD HAS AGREED TO ACQUIRE A 45% EQUITY STAKE IN HEALTH ALLIANCE GROUP INC. FOR USD 10 MILLION TO DEVELOP A VIRTUAL DIAGNOSTIC AND CARE PLATFORM.

Block deals worth over Rs 5,683 crore this week. Reliance Industries, HDFC Bank among stocks with major action

 21 Dec 2024 12:10 PM

In the largecap segment, 15 companies saw block deals worth Rs 2,477 crore. RIL led with Rs 461 crore across eight deals, followed by Zomato (Rs 343 crore), ICICI Bank (Rs 312 crore), and Bajaj Auto (Rs 241 crore). Other key players included Godrej Consumer (Rs 171 crore), Kotak Mahindra Bank (Rs 160 crore), Nestle India (Rs 137 crore), and HDFC Bank (Rs 114 crore).

SC restores Exim Bank of China, others as financial creditors in Reliance Infratel's insolvency process

 20 Dec 2024 08:46 PM

The Supreme Court reinstated China Development Bank and others as financial creditors in Reliance Infratel's insolvency case, overturning a previous NCLAT order. The NCLAT had declassified these creditors based on their indirect lending through asset hypothecation for Reliance Communications, a related company. Reliance Infratel, now owned by Reliance Jio, had its resolution plan previously approved with these creditors' claims included.

Stock to buy in 2025: SBI, Tata Motors among 11 largecap stock ideas from Mirae Asset Sharekhan

 20 Dec 2024 01:07 PM

Mirae Asset Sharekhan predicts large-cap stocks will lead the Indian equity market in 2025. They recommend 11 buys, including Bharti Airtel, ICICI Bank, and Reliance Industries, citing growth potential driven by factors like strong ARPU, robust asset quality, and investments in 5G and renewables.

Reliance Industries shares in focus as oil swap with Venezuela resumes under U.S. license

 20 Dec 2024 08:51 AM

Reliance Industries and Venezuela's PDVSA restarted oil swaps after a US license. A supertanker delivered Venezuelan crude to India. Reliance sent naphtha to PDVSA. Reliance Industries stock faces a potential yearly loss. This follows years of growth. The stock's decline contrasts with previous performance. Analysts cite slower growth and rising costs. The average target price suggests a potential upside.

What should you do with HDFC Bank and Reliance in 2025? Sandip Sabharwal answers

 20 Dec 2024 08:11 AM

Sandip Sabharwal analyzes market trends and prominent stocks. He suggests HDFC Bank's valuation derating is likely over and anticipates improved performance with credit growth. Reliance Industries, down 30%, shows potential for outperformance next year with improving profitability in various sectors. He also discusses Asian Paints, real estate, and consumer stocks, offering insights for investors.

IndusInd International to raise Rs 4,300 crore to complete Reliance Capital takeover

 20 Dec 2024 06:02 AM

The Hinduja Group investment firm is offering an annual return, or coupon rate, of 15% on the NCDs, which will be secured against Reliance Capital shares with Reserve Bank of India (RBI) approval, the sources said.

Indian EV market may hit Rs 20 lakh crore by 2030, create 5 crore Jobs: Nitin Gadkari

 19 Dec 2024 11:35 PM

India's electric vehicle sector is set for massive growth. The market is projected to reach ₹20 lakh crore by 2030. This growth could generate five crore jobs. The EV financing market is estimated to reach ₹4 lakh crore. Minister Nitin Gadkari urged manufacturers to increase production. He highlighted the need to reduce reliance on fossil fuel imports.

Trai move on int'l SMSes unlikely to help Reliance Jio, Bharti Airtel and Vodafone Idea's cash flow

 19 Dec 2024 11:33 PM

Last week, Trai issued recommendations to industry definitions of 'international' and 'domestic' traffic, which were missing in the Unified Licence so far. These recommendations need Department of Telecommunications approval to come into effect. The notice read, "Any incoming application to person (A2P) SMS message shall be treated as an international SMS message, if it cannot be generated, transmitted or received without the use or intervention of any electronic device, computer system or computer application located outside India".

PDVSA and Reliance resume oil swap under US license, document shows

 19 Dec 2024 10:49 PM

Venezuela's PDVSA and India's Reliance Industries have restarted an oil swap deal after a pause due to U.S. sanctions. A U.S. license granted in July allowed the resumption. PDVSA recently shipped nearly 2 million barrels of crude to India, receiving 500,000 barrels of heavy naphtha in return.