By Nidhi Verma NEW DELHI (Reuters) -India needs to increase its petrochemical production capacity to meet local and global demand and contain China’s growing dominance of the sector, a senior Reliance Industries official said on Friday. Petrochemical margins have shrunk across the world as China’s capacity expansion has created a surplus. For some of its…
Mumbai: The rally in the stock market continued Monday with both the sensex and Nifty rising for the sixth consecutive session as foreign funds continued to buy domestic stocks. The BSE index has added 4,155 points, or 5.6%, in the last six sessions to its current close at 77,984 points, while Nifty has added 1,261…
Indian benchmark indices closed marginally higher on Tuesday, paring early gains after opening nearly 1% up. Strength in HDFC Bank and IT stocks was offset by losses in Reliance Industries, ICICI Bank, and M&M. Led by losses in heavyweight stocks like Reliance and ICICI Bank, the benchmark Sensex dropped 724 points from the day’s high….
By Dhwani Pandya MUMBAI (Reuters) – Reliance Retail has launched an app in India to sell fashionwear from China’s Shein under a licensing deal, almost five years since Shein’s app was banned in the country after getting caught up in a diplomatic tussle. Reliance, owned by billionaire Mukesh Ambani, launched the app on Saturday morning,…
Reliance Industries Q3 Results 2025:Reliance Industries declared their Q3 results on 16 Jan, 2025, showcasing a robust performance with the topline increasing by 6.97% year-over-year. The profit for the quarter stood at ₹18540 crore, reflecting a 7.38% increase compared to the same quarter last year. The total revenue reached ₹243865 crore, marking a significant growth….
The latest earnings from Nvidia (NVDA) is the focus for investors this week, with the chipmaker set to release its third-quarter results on Wednesday 20 November. The demand for Nvidia’s chips amid the AI boom has continued to drive shares higher, seeing the company recently overtake Apple (AAPL) as the world’s most valuable company, with…
By Arsheeya Bajwa MUMBAI (Reuters) – Nvidia’s (NVDA) leather-jacket-clad CEO Jensen Huang got a rock star welcome at the company’s AI summit in India on Thursday, with passes sold out and tech enthusiasts spending thousands of rupees to travel to the event. The reception Huang received in India’s commercial capital Mumbai was reminiscent of the…
The festive month of October has recorded the worst-ever selling by foreign institutional investors (FIIs) who have decamped with nearly $10 billion worth of investments from the Indian stock market beating the $7.9 billion sale seen during the Covid-led market crash in March 2020. Although it comes on a higher base, October is turning out…