RELIANCE.NSEReliance Industries Ltd.
RELIANCE.NSE
Reliance Industries Ltd.39,720
India’s Russian oil binge to end in December as sanctions bite, sources say
NEW DELHI/MOSCOW: India’s Russian oil imports are set to hit their lowest in at least three years in December, down from multi-month highs in November, as refiners turned to alternatives to avoid breaching Western sanctions, trade and refining sources said. Britain, the European Union and the United States have tightened sanctions on Moscow over the war in Ukraine, with Washington’s latest measures targeting top Russian producers Rosneft and Lukoil. Buyers of Russian oil had until November 21 to wind down dealings with the two firms. Separately, the EU has set a January 21 deadline after which it will decline fuel from refineries that handled Russian crude within 60 days of the bill of lading. BANK SCRUTINY LEADS TO CAUTION Bank scrutiny following the latest U.S. sanctions has made Indian state refiners “extremely cautious”, one of the refining sources said, adding that India is likely to get 600,000 to 650,000 barrels per day of Russian oil in December. These include imports by Indian Oil Corp, Nayara Energy and delivery of some November-loading cargoes for Reliance Industries, the source added, citing preliminary lifting plans of Indian companies.
cityfalcon.com·2h ago
Sensex Today Trades Flat; Bharat Elec & Reliance Industries Top Gainers
Indian share markets are trading flat today.
cityfalcon.com·3h ago
Heads of Samsung, India’s Reliance explore comprehensive partnership
Samsung Electronics Executive Chairman Lee Jae-yong met with Mukesh Ambani, chairman of India’s largest conglomerate Reliance Industries, in Seoul and explored ideas on expanding the two sides’ comprehensive partnership to future industries. Ambani and his eldest son Akash, board chairman of Reliance Jio Infocomm, visited Korea for a meeting with Lee and other Samsung affiliate CEOs at Samsung Electronics' office in Seocho District, Seoul. During the meeting, the two sides discussed ways of expanding their cooperation in emerging businesses including semiconductors, communication, data centers and batteries. Particularly, Samsung Group presented Chairman Ambani with a pack of next-generation technologies under development across its affiliates, including artificial intelligence (AI), extended reality, semiconductor foundry, AI data centers, next-generation communications, advanced displays, cloud services, batteries, plant construction and engineering. In recent years, Reliance Industries has been expanding its business portfolio beyond its traditional chemical and retail sectors int
cityfalcon.com·3h ago
Dalal Street top movers: Reliance, Airtel lead gains; 7 of top-10 firms add Rs 1.28 lakh crore in valuation
India's top companies saw a significant market capitalization boost last week, adding over Rs 1.28 lakh crore. Reliance Industries and Bharti Airtel led the gains, with Reliance retaining its position as the nation's most valued firm. While most major players experienced growth, Bajaj Finance, LIC, and ICICI Bank saw slight declines in their valuations.
cityfalcon.com·2d ago
Seven Of India’s Top-10 Firms Add ₹1.28 Lakh Crore In Market Value, RIL & Airtel Lead Weekly Gains Amid Positive Equity Sentiment
Seven of India’s top-10 most valued companies added over Rs 1.28 lakh crore in market capitalisation last week, led by Reliance Industries and Bharti Airtel. While heavyweights like TCS, Infosys, SBI and HUL posted gains, Bajaj Finance, LIC and ICICI Bank saw valuation declines. RIL remained India’s most valuable firm.
cityfalcon.com·2d ago