With the fourth quarter results ongoing, as many as 15 companies will announce their quarterly results today, with all eyes on Reliance Industries (RIL). The company will also consider paying a dividend for investors along with Q4 results later today. Other companies which will release their earnings on Monday include Hatsun Agro Products, Tejas Networks, … Read more
Reliance Industries Ltd, part of the oil & gas space, consolidated in a narrow range after hitting a record high earlier in March 2023, but a bounce back from its 50-DMA on daily charts suggests that bulls are here to stay. If the momentum continues, short-term traders can look to buy the stock for a … Read more
Anant Ambani, left, son of Chairman of Reliance Industries Limited Mukesh Ambani and his fiancee Radhika Merchant greet media persons during their engagement ceremony in Mumbai, India, Thursday, Jan. 19, 2023. Rajanish Kakade | AP Tech executives including Mark Zuckerberg and Bill Gates attended a lavish, three day, pre-wedding celebration for the son of Indian … Read more
Disney+ Hotstar logo is seen on a smartphone and flag of India on a pc screen. (Photo Illustration by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images) Sopa Images | Lightrocket | Getty Images Walt Disney and Indian conglomerate Reliance‘s media merger will give back highly valuable cricket streaming rights to the U.S. firm in a country absolutely … Read more
Fundraising activity in India will be stronger than ever over the next two years as conglomerates, tech firms and financial services providers hunt for capital to fuel growth and owners seize the moment to sell holdings, Bank of America Corp.’s co-head of investment banking in the country said. “2023 was the year of block trades, … Read more
Investors are increasingly looking to emerging market exchange-traded funds for growth at a reasonable price. David Mann, head of capital markets at Franklin Templeton, named India as one of the most popular countries with ETF investors in the past year. “Part of the growth story, GDP has been strong,” he told CNBC’s “ETF Edge” on … Read more
Diversified conglomerate Reliance Industries Ltd reported better-than-expected profit for the quarter ended December, aided by a better show by the digital and retail businesses, which offset the weakness in the mainstay oil-to-chemicals business. The company reported a 9.3% year-on-year (YoY) growth in consolidated net profit to Rs 17,265 crore, beating the estimate of Rs 16,944 … Read more
India could be the ideal site for emerging market investment, according to one ETF expert. Kevin Carter, founder and chief investment officer of EMQQ Global, told CNBC’s “ETF Edge” this week that India’s population demographics, growing economy and technology-oriented policy make the country highly investable. “You’ve got a government that’s a democracy that’s supporting technology, … Read more
