Reliance Industries gains for fifth straight session
.jpg)
Shares of Reliance Industries (RIL) were trading higher by 1% at Rs 916 on the National Stock Exchange (NSE), extending its past four-day’s gain on the bourses, on media reports that the company has discovered massive gas reserves at MJ-1 block in its KG-D6 basin.
Since April 6, 2015, the stock has rallied nearly 11% from Rs 825, compared with 1.8% rise in the CNX Nifty.
RIL stock has contributed nearly one-third or 171 points to the 30-share Sensex's 487 points-gain in the past five trading sessions.
Meanwhile, RIL announced after market hours on Friday, the commissioning of two plants at Dahej, Gujarat— a Purified Terephthalic Acid (PTA) plant and a PET resin (Polyethylene Terephthalate) plant.
The PTA plant with a capacity of 1,150 kilo tonnes per annum (KTA) will increase RIL's total PTA capacity to 3.2 million metric tonnes per annum (MMTPA) and global capacity share to 4%.
Today, the stock opened at Rs 907 and touched a low of Rs 899 on the NSE. A combined 2.32 million shares changed hands on the counter till 1440 hours on the NSE and BSE.
Other Latest News
.webp)
Nationalist Congress Party (Sharadchandra Pawar) chief Sharad Pawar on Thursday criticised Prime Minister Narendra Modi, saying his speeches were not based on facts and reality.
Talking to reporters here, Pawar also alleged that PM Modi doesn't talk about the basic issues that people face and diverts their attention.
"I have never seen a prime minister earlier whose speeches were not based on facts and reality. He is satisfied with targeting me and Uddhav Thackeray," Pawar said.
.webp)
Donald Trump returned briefly to the campaign trail Wednesday and called the judge presiding over his hush money trial crooked a day after he was held in contempt of court and threatened with jail time for violating a gag order.
Trump's remarks at events in the battleground states of Wisconsin and Michigan were being closely watched after he received a $9,000 fine for making public statements about people connected to the criminal case.
.webp)
The Adi/Nadir Godrej family, along with other family members/trusts, has made an open offer to the shareholders of Astec Lifesciences to acquire an additional 26 per cent stake from the public as part of the family settlement agreement (FSA), according to an announcement to the stock exchanges on Wednesday.
The offer, made at the price of Rs 1,069.75 per share, was triggered by the Adi/Nadir family's plan to acquire a 20.84 per cent stake in Godrej Industries (GIL) from the Jamshyd Godrej/Smita Crishna Godrej family, according to the FSA announced on Tuesday.
.webp)
Andhra Pradesh Chief Electoral Officer Mukesh Kumar Meena on Tuesday said 49 Lok Sabha candidates and 318 Assembly candidates have withdrawn their nominations for the May 13 simultaneous elections in the state.
Consequently, the number of candidates contesting the 25 Lok Sabha seats got pruned to 454 and the 175-member Assembly to 2,387 candidates, the CEO said.
.webp)
The Delhi High Court, on Wednesday, granted SpiceJet a final chance to settle a payment of Rs 50 crore to its engine lessors, Team France and Sunbird France. If the airline fails to meet this obligation, it risks having two of its engines grounded, according to a report in The Economic Times (ET).
Justice Pratibha Singh instructed the counsel representing SpiceJet to obtain guidance by May 3 regarding the feasible time period for the low-cost carrier to pay Rs 50 crore to its lessors.
.webp)
.webp)
.webp)
.webp)
.webp)
