Among RIL's big ticket announcements was its aims to be net debt-free by the end of FY20. The company also announced selling of 20 per cent stake in refining and petrochemical business to Saudi Aramco.
RIL hit its 52-week high on the BSE at Rs 1,581.25 a share, rising 0.64 per cent. While RIL gained nearly 40 per cent during the last year, the Nifty50 index advanced over 13 per cent.
Yes Bank, Tata Motors, JSW Steel and Mahindra and Mahindra were the top gainers, advancing in the range of 1 to 5 per cent. Bharti Airtel, BPCL, ICICI Bank, Cipla and Larsen & Toubro were the top losers.
The benchmark equity index Sensex on Monday logged fresh all time high of 40,846 in line with firm global markets over reports that US and China may soon reach a trade deal ending their 16-month-long costly trade war.
Telecom stocks fell on Thursday after strong performance over the last few sessions. Vodafone Idea fell nearly 5 per cent, Bharti Airtel traded lower by 2 per cent on the NSE.
Deferment of spectrum auction installments would ease the cash outflow of the stressed telcos and facilitate payment of statutory liabilities and interest on bank loans.
Food delivery major Swiggy on Wednesday said it has invested Rs 175 crore over a period of two years to set up over 1,000 cloud kitchens across 14 cities for its restaurant partners through its 'Swiggy Access' initiative.
As online retail growth slows in top-tier cities, Alibaba faces fierce competition from emerging players like Pinduoduo that use budget deals to attract price-sensitive consumers in lower-tier cities.
Another whistleblower from global software major Infosys accused its Chief Executive Officer (CEO) Salil Parekh of committing misdeeds and urged the Chairman and the board of directors to act against him on his volatile complaints.
The Reserve Bank of India (RBI) has directed banks not to charge savings account holders for NEFT with effect from January 2020. RTGS is meant for large-value instantaneous fund transfers while the NEFT is used for fund transfers up to Rs 2 lakh.
Indian markets opened on a firm note on Thursday. The Sensex touched a fresh high of 40,676.44 after government boosters for the realty sector.
Hinting at a big boost to the realty sector, Finance Minister Nirmala Sitharaman on Tuesday had said that the government and the Reserve Bank of India (RBI) are in the process of resolving the issues faced by the real estate sector.
With over 60 million lifetime unique customers and more than 7,00,000 merchants, ShopClues has taken local brands to a national platform servicing more than 31,500 pin codes across India.
The Modi government among other sector specific measures reduced the corporate tax which helped several companies report better than expected results for the second quarter ending September.
Around 11.50 a.m. RIL's market capitalisation was at Rs 9,00,317.35 crore. Shares of the company also rose to a 52-week high of Rs 1,428 per share.
Indian markets gained during the early trade on Friday as investors bought company shares with significant business in Britain after EU and Britain reached a new Brexit.
Foreign Institutional Investors (FIIs) bought Rs 436.02 crore worth of stocks, while the Domestic Institutional Investors purchased Rs 929.39 crore worth of scrips on Tuesday.
The promoters of the company, including the CMD have been accused of several norm violations including oppressive behaviour towards minority shareholders and transfer of profits to a subsidiary company.
Starting Wednesday, Airtel Xstream Fibre is available for users in in Delhi, Gurugram, Faridabad, Noida, Ghaziabad, Mumbai, Pune Bengaluru, Hyderabad, Chennai, Chandigarh, Kolkata, Indore, Jaipur and Ahmedabad.
A senior banker said on anonymity, 'This exhibits NPCI's raising concerns over the increasing security threats by non-banking payment companies. Phonepe will have to re-visit its business strategy for a possible fundraise at this stage.'
Country's largest lender State Bank of India (SBI) on Monday announced a reduction in its marginal cost-based lending rate or MCLR by 10 basis points across all tenors and has also reduced rates on term deposits.
Wipro secured a $300-million (Rs 2,156 crore) seven-year deal from the country's leading private sector bank ICICI Bank through Vara Infotech for providing a suite of services, said the IT major on Thursday.
One of India's largest vehicle maker, Maruti Suzuki, on Wednesday, said it has decided to shut down production of passenger vehicles in Gurugram and Manesar plants in Haryana for two days.
The gross GST collection in August 2019 rose 4.51 per cent year-on-year to Rs 98,202 crore but remained below Rs 1 lakh crore mark reflecting economic realities on ground.