Reliance net falls 15%; plans to raise ₹20,000 crore

The oil-to-retail-to-telecom conglomerate's consolidated net profit of ₹15,792 crore or ₹23.34 per share, in October-December compares with ₹18,549 crore, or ₹28.08 a share, earnings in the same period a year back, according to company's stock exchange filing.

Reliance Consumer to acquire 50% equity stake in Sosyo Hajoori Beverages

Sosyo is a heritage Indian brand with around 100 years of legacy in carbonated soft drinks (CSD) and juices. Established in 1923 by Abbas Abdulrahim Hajoori, the company is one of the leading players in the domestic soft drinks market.

From RIL to Maruti: ICICI Direct lists top stock picks for 2023 that can rise up to 35%

The Indian market has outperformed global peers despite multiple headwinds including the Russia-Ukraine war, inflation, interest rate hikes and fears of recession. India's outperformance this year is attributed to 'stronger domestic fundamentals'. Going ahead, ICICI Direct believes H1CY23 is likely to remain volatile, however, such volatility will throw up attractive opportunities in domestic oriented sectors like banks, capital goods, infra, and logistics. Apart from these, sectors like retail, real estate, auto ancillaries will also provide good opportunities for the medium to long term, suggested the brokerage. It has listed 9 stock picks for 2023. Let's take a look:

Reliance To Acquire Metro’s India Unit for $344 Million

Reliance Industries Ltd. agreed to buy Metro AG’s Indian unit for 28.5 Indian billion rupees ($344 million) as the nation’s biggest retailer run by billionaire Mukesh Ambani further expands his footprint.

Trouble for ITC? Mukesh Ambani's Reliance to take on ITC, Patanjali, Tata, Adani with FMCG brand 'Independence'

Reliance Consumer Products Ltd (RCPL), the newly set up FMCG arm of Reliance Retail Ventures Ltd (RRVL) last week made a foray into staples with launch of brand Independence in line with announcement Ambani had made at the company's annual shareholder meeting earlier this year.

RIL, ONGC, Oil India pare gains after rising on windfall tax cut. Here's what analysts say

<ul><li>ONGC and Oil India gained 2 percent to hit a 5-month high while RIL rose 1.5 percent during the trading session.</li></ul>

From RIL to Adani Enterprises, these are the biggest and most consistent wealth creators, according to MOSL

<ul><li>The top 100 wealth creators of India Inc generated a record-breaking ₹92.2 lakh crore in wealth between 2017 and 2022, according to Motilal Oswal.</li></ul>

Jio Financial Services: Banks still best play, says Macquarie

According to a recent report by Macquarie Research, JFS could become India’s fifth-largest financial services firm on listing.  It further pointed out that the Reliance firm can disrupt the payments business and become a threat to other fintech models.

RIL: After a 10% fall in Sept, Jefferies sees Reliance Industries crossing ₹3,000 by June 2023; here's why

The brokerage has a 'buy' call on Reliance Industries with a June 2023 target price of ₹3,080, indicating a potential upside of 29.5 percent on the back of its foray into green hydrogen. Jefferies earlier has a target price of ₹2,980 for the stock.

Reliance Industries gains 1% on Shubhalakshmi Polyesters acquisition

On September 10, Reliance Industries said the acquisition is part of the strategy to expand its downstream polyester business.

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Reliance net falls 15%; plans to raise ₹20,000 crore

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