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SAN JOSE, Calif. and MUMBAI, India, March 2, 2022 /PRNewswire/ — Sanmina Corporation (Sanmina) (NASDAQ: SANM), a leading integrated manufacturing solutions company and Reliance Strategic Business Ventures Limited (RSBVL), a wholly-owned subsidiary of Reliance Industries Limited (RIL), India’s largest private sector company, today announced that they have entered into an agreement to create a joint venture…Continue Reading

Buy Reliance Industries, target price Rs 2580: Chandan Taparia

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SynopsisReliance Industries Ltd., incorporated in the year 1973, is a Large Cap company (having a market cap of Rs 1676511.83 Crore) operating in Diversified sector.WikipediaPromoters held 50.61 per cent stake in the company as of 31-Dec-2021, while FIIs owned 27.08 per cent, DIIs 11.29 per cent.Chandan Taparia of Motilal Oswal has buy call on with…Continue Reading

Reliance Retail Q3 Results: Profit rises 23% to Rs 2,259 cr; revenue up 53% YoY

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SynopsisThe revenue from operations for the quarter increased 53.4 per cent year-on-yea to Rs 50,654 croreETtechEbitda from operations rose to Rs 3,522 crore, up 52.3 per cent. Ebitda margins stood at 7 per cent, flat YoY and up 90 bps, sequentiallyNEW DELHI: Reliance Retail on Friday said its net profits for the quarter ending December…Continue Reading

Reliance Retail net profit up 23%, revenues expand 53%

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Reliance Retail posted a 23% increase in net profit in the third quarter while revenue expanded 53% driven by a strong performance from its stores as they fully reopened after covid-led lockdowns, festive season, store expansion and online growth. Reliance’s retail division, which runs over 14,400 stores across groceries, consumer electronics and apparel, posted revenues…Continue Reading

India’s Reliance plans to raise up to $5 billion in U.S. debt

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Labourers rest in front of an advertisement of Reliance Industries Limited at a construction site in Mumbai, India, March 2, 2016. REUTERS/Shailesh Andrade/File PhotoJan 1 (Reuters) – India’s Reliance Industries Ltd (RELI.NS) said it plans to raise up to $5 billion in dollar-denominated debt and use proceeds primarily to refinance its existing borrowings.The Mukesh Ambani-owned…Continue Reading

Reliance, Tata, Patanjali among 11 private establishments guarded by CISF: Govt to RS

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New Delhi: The Central Industrial Security Force (CISF) is providing security to 64 airports and 11 private establishments, including those of Reliance Industries, Tata Steel and Infosys, Union Minister of State for Home Nityanand Rai said on Wednesday. The minister said the deployment of the CISF is considered on the basis of threat perception and…Continue Reading

What will be the triggers for Reliance stock for next 6 months? Probal Sen answers

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Synopsis“Focus will more be on the tariff increases that may come in the industry from the telecom business as well as the reactions and initial reports of the Jio Next phone in terms of how well it is received. Those will be the triggers for the next six months.”ETMarkets.com”Our estimate of fair value is closer…Continue Reading

Reliance co buys 40% in Manish Malhotra brand

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NEW DELHI: Reliance Brands, part of the Mukesh Ambani-led Reliance Industries, has picked up 40% stake in Manish Malhotra, the Indian couture brand widely favoured by well-heeled Bollywood celebrities. The move, aimed at bolstering Reliance’s portfolio of home-grown designer labels, follows the likes of rival Aditya Birla Fashion & Retail (ABFRL) that has acquired significant…Continue Reading

ZEEL-Invesco case: Reliance confirms merger proposal with Zee included continuation of Punit Goenka as MD & CEO

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Another turning point has arrived in the case of Zee Entertainment Enterprises Limited (ZEEL) and Invesco and the latter seems to be falling into its own trap. Invesco had said in its statement that it had tried to get Zee merged with Reliance. Now Reliance has also issued a statement in this matter, saying that…Continue Reading

India’s Reliance swoops on solar capacity as part of net zero goal

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Labourers rest in front of an advertisement of Reliance Industries Limited at a construction site in Mumbai, India, March 2, 2016. REUTERS/Shailesh Andrade/File PhotoBuys REC Solar from China National BluestarBuys up to 40% stake in India’s Sterling and Wilson SolarNEW DELHI, Oct 10 (Reuters) – Indian conglomerate Reliance Industries Ltd (RELI.NS) on Sunday announced two…Continue Reading