The government bi-annually fixes prices of the locally-produced natural gas which is converted into CNG for use in automobiles, piped to household kitchens for cooking and used to generate electricity and make fertilisers.
Reliance s GRMs are currently at about $7.4 versus about $5.5 in the previous quarter. That is going to be a positive trigger. In the telecom business, the ARPU is steadily growing. InterGlobe Aviation is mirroring HDFC Bank s past. Uno Minda and Motherson Sumi show promise in the EV space. IndiGo dominates market share. Pharma sector sees growth potential.
Reliance Industries issued a statement on stock exchanges, refusing to comment on media speculation about its reported merger deal with Disney. The clarification mentioned the company s ongoing evaluation of opportunities, stating that there is no undisclosed information requiring disclosure under SEBI regulations. The reported merger between Viacom18 and Star India under Reliance s media unit and Disney s stake is anticipated to create India s largest media empire
Reliance Industries (RIL) share price climbed almost 2 per cent to hit its fresh all-time high of ₹2,957.80 in intraday trade on BSE on Tuesday, February 13.
Reliance Industries share price hit a record high on Friday with its market capitalisation crossing ₹20 lakh crore. Reliance shares rallied as much as 3.4 percent to a fresh high of ₹2,949.90 apiece on the BSE.