Love ni love stories movie
More

    Reliance to become first Indian company to hit market capital of Rs 10 lakh crore

    Must Read

    Indian Army conducts Know Your Army at Gandhidham

    To commemorate the Republic Day celebrations, Falcon Brigade of Indian Army conducted ‘Know Your Army’ at Delhi Public...

    Golden Katar conducts Know Your Army at IIM Ahmedabad

    Golden Katar Division of Indian Army conducted ‘Know your Army’ event at IIM Ahmedabad on request of officers...

    National Seminar on Law and Social Transformation at Navrachana University in Vadodara

    The School of Business and Law organised a National Seminar on Law and Social Transformation at Navrachana University....

    Mukesh Ambani-led Reliance Industries Ltd (RIL) today became the first Indian company to hit the Rs10 lakh crore in market cap. RIL shares have performed outstandingly in the market since the start of this year.

    Investors were encouraged after Mukesh Ambani announced plans to cut the company’s net debt to zero in 18 months through measures including a stake sale in the oil-to-chemicals business to Saudi Aramco. Recently, its telecom arm Jio announced that it will increase duties in the next few weeks.

    RIL operates the world’s biggest oil-refining complex in Jamnagar, Gujarat, which can process low-quality crude and turn it into higher-grade fuels, partly protecting it from volatility in prices.

    Last month, RIL had announced that it would invest over Rs100 lakh crore to create a digital services company as it seeks to cut debt at Jio, potentially making way for the entry of a strategic investor.

    Last month, BofAML in a report said that RIL can become the first Indian company to achieve a market capitalisation of $200 billion on the back of its new commerce venture and fixed broadband business.

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    This site uses Akismet to reduce spam. Learn how your comment data is processed.

    - Advertisement -

    Latest News

    Indian Army conducts Know Your Army at Gandhidham

    To commemorate the Republic Day celebrations, Falcon Brigade of Indian Army conducted ‘Know Your Army’ at Delhi Public...

    Golden Katar conducts Know Your Army at IIM Ahmedabad

    Golden Katar Division of Indian Army conducted ‘Know your Army’ event at IIM Ahmedabad on request of officers of Armed Forces Program (AFP)...

    National Seminar on Law and Social Transformation at Navrachana University in Vadodara

    The School of Business and Law organised a National Seminar on Law and Social Transformation at Navrachana University. The inaugural function of the seminar...

    Dec 16 gang rape convict Mukesh Singh moves SC challenging rejection of mercy plea by President

    After President Ram Nath Kovind rejected Nirbhaya convict Mukesh Singh's mercy petition, he has moved the Supreme Court challenging it on Saturday. Sources report that...

    PM Modi, Brazilian Prez Jair Bolsonaro hold talks in New Delhi, 11 agreements signed

    India and Brazil exchanged eleven agreements following talks between Prime Minister Narendra Modi and Brazil President Jair Bolsonaro in New Delhi today. The agreements relate...
    - Advertisement -

    More Articles Like This

    - Advertisement -