Goldman Sachs lowers target price of Reliance Industries’ stock, maintains ‘Buy’
Global brokerage Goldman Sachs on Thursday lowered its target price for Reliance Industries Ltd (RIL), while maintaining 'buy' rating for the diversified group.
Global brokerage Goldman Sachs on Thursday lowered its target price for Reliance Industries Ltd (RIL), while maintaining 'buy' rating for the diversified group.
This was in line with a bearish trend in equities, where Tata Consultancy Services (TCS) and Reliance Industries faced the sharpest erosion.
After Saregama, reports of Reliance eyeing a stake in Dharma Productions have surfaced. Following this, the X bio of Dharma is going viral.
Reliance Industries Limited (RIL) reported quarterly consolidated revenue at Rs 2.58 lakh crore for Q2 FY25.
Son of industrialist, Anil Ambani, Jai Anmol Ambani has been slapped with a penalty of ₹1 crore by the Securities and Exchange Board of India (Sebi).
"This upfront payment of 4 years allows us to drive 5G rollout in a concerted manner given our operating free cash flow," said Gopal Vittal, MD and CEO, Bharti Airtel.
Reliance Foundation has been a dedicated partner to AFI over the years and this tie-up is set to deepen the engagement between the two organisations.
In a stock exchange filing, Reliance Jio Infocomm said the company's board has approved the appointment of Akash M Ambani, non-executive director, as chairman of the board of directors of the company.
The total investment outlay planned by the company to acquire brands is not clear, but Reliance had set a goal to achieve 6.5 billion$ of annual sales from the business within five years.
Reliance Brands Limited (RBL) and Indian couturier Anamika Khanna have joined hands for a 60:40 Joint Venture (either by itself and / or through its affiliates) for owning and developing the brand AK-OK, setting the foundation for a new outlook in Indian fashion.
