This is mainly because of the erratic movement in bond yields in the US. The US 10-year treasury yields touched 1.6% once again on Friday. This may lead to rising inflation in the US which could prompt central banks to raise
RIL has been in ongoing discussions with Saudi Arabian Oil Company (Saudi Aramco) to sell a minority 20 per cent stake in its O2C businesses, which, if successful, should lead to further deleveraging of RIL.
RIL share price jumped over 2 per cent to Rs 2,048.70 apiece on BSE on Tuesday, after the oil-to-telecom conglomerate announced to reorganise its oil-to-chemical (O2C) business into an independent subsidiary
Earlier in the day, the apex court had allowed the NCLT, Mumbai to continue with the proceedings but asked not to pass a final order on the amalgamation of Future Retail Ltd (FRL) with Reliance Retail, as it agreed to hear Am
Reliance Industries Ltd (RIL) share price fell over 5.5 per cent to Rs 1,932.20 apiece on BSE today, despite posting a 12.55 per cent rise in the consolidated net profit to Rs 13,101 crore in October-December quarter.