According to the September quarter results of Reliance Industries Limited, the company's profit has increased by 30% to Rs 2,55,996 crore. Retail and Jio have contributed significantly to this. Jio's subscribers have jumped 7.5% and Reliance Retail Venture's revenue has increased by 18.8%.
New Delhi: Mukesh Ambani's company Reliance's profits have jumped strongly. Reliance Industries Limited continues to perform strongly. Reliance Industries announced its September quarter results on Friday. The company's profit has increased by 30 percent on a year-on-year basis. Retail and Jio have given the highest profit in this. The company has made strong profits due to the strong performance of both. According to the results released by RIL, the company's gross revenue increased by 1.2 percent year-on-year to Rs 2,55,996.
Mukesh Ambani is earning a lot. The company's profits seem to be steadily increasing. Reliance's subsidiary Jio Platforms Ltd's revenue also grew 10.6 per cent year-on-year in the September quarter. Jio made huge profits by making big growth of the industry in sectors like 5G network expansion, JioBharat Mobility and AirFiber. Jio earned a net profit of Rs 5,058 crore, which is 12% more than the previous year. Jio's subscribers have also jumped 7.5 percent during this period. Reliance Retail Venture Limited
Rising net worth
Mukesh Ambani's net worth is also seeing a steady increase. In the Bloomberg Billionaires Index, Mukesh Ambani is currently at number 11 in the list of world's billionaires. At the same time, Mukesh Ambani's net worth is about $ 84.8 billion.
The impact will be seen in stocks
With the jump in Reliance's profits, its impact will also be seen on the stocks. Reliance shares also saw a rise on Friday. Reliance's shares closed at Rs 2,266.15 with a jump of about two percent. Earlier, Reliance shares were seeing a decline. Investors expect that with the market opening on Monday, Reliance's shares can see a bumper jump. At the same time, the company's profits will also increase further in the coming days.
Saturday, 28 October 2023
Thursday, 26 October 2023
Adani Group Stocks: Rs 32,000 crore plan to be announced as soon as the market closes, shares will be affected
Apart from Hindenburg's allegations and the ongoing investigation on those allegations, the Adani Group continues to move forward on its plans. After the market closed on Thursday, news related to a similar plan of the group has surfaced. In which the group will work on raising $ 4 billion for a low-cost green hydrogen project. This amount is equivalent to 32 thousand crore rupees in Indian currency. This information has come out from the sources. Today, one of the group companies, ACC, has also released its quarterly results and the company has turned profitable from losses.According to information received from sources, the group is trying to raise $ 4 billion to move forward on its green hydrogen project. Adani New Industries, a wholly-owned subsidiary of Adani Enterprises, is trying to raise funds through domestic and international banks. And the company is in the early stages of negotiations with these banks. At present, there is no confirmation about this.In June this year, France's Total Energies and Adani Group had announced plans to invest $5 billion to produce green hydrogen in India. Gautam Adani has already said that 75 percent of the company's total capital expenditure will be on green business and in the next decade the company will invest $ 20 billion on renewables, green component manufacturing and related infrastructure.
With the Government of India increasing the focus on green energy, the Adani Group has also prepared many big plans for the sector. The Adani Group website clearly states that it is not difficult to imagine a situation where hydrogen can be produced at less than one dollar per kg. This will not only help the country to distance itself from fossil fuel. At the same time, the impact of high export burden on the government treasury will also be reduced.
Wednesday, 25 October 2023
These stocks, including Adani Wilmar and Adani Gas, are showing signs of decline, check this list before entering the market
Stock Market Prediction: The market fell sharply on Monday as the 10-year US Treasury yield went above 5 percent. The Sensex had closed at 64,571, down 825 points. At the same time, the Nifty closed at 19,281 with a decline of 260 points. After this, the market was closed on Tuesday.
Highlights
There was a big fall in the market on Monday due to rising US Treasury yields.
ICICI Bank and Route Mobile stocks show signs of slowdown today
Adani Wilmar and Adani Gas shares under selling pressure
New Delhi: The Indian stock market was closed on Tuesday on account of Dussehra. Earlier on Monday, there was a tremendous decline in the market. The market fell sharply as the 10-year US Treasury yield went above 5 per cent. On Monday, the Bombay Stock Exchange index Sensex closed at 64,571, down 1.26 percent or 825 points. There was also a big decline in Nifty. The National Stock Exchange index Nifty closed 1.34 percent or 260 points lower at 19,281. Let's know which stocks can remain in trend today.
The momentum indicator Moving Average Convergence Divergence (MACD) has shown a bullish trend on United Breweries, Bombay Burmah, Abbott India, Delta Corp, MTAR Technologies and Tube Investments. MACD is known to signal trend reversal in traded securities or indices. When the MACD crosses the signal line, it signals a bullish trend, indicating that an upward movement can be seen in the share price. Similarly, it also indicates a recession.
MACD has indicated a slowdown in IPCA Labs, Aster DM Health, ICICI Bank, Route Mobile, Astral and Mahanagar Gas stocks. This means that now these stocks have started declining.
Tuesday, 24 October 2023
Leo Box Office Collection Day 5: Vijay's film earns 400 crores in 5 days
South superstar Talpathy Vijay's film Leo is making a splash at the box office every day. The film, which was released on Thursday, has earned a bang at the box office. Leo also got a great opening.
South superstar Talpati Vijay's film Leo is making a splash at the box office every day. The film, which was released on Thursday, has earned a bang at the box office. Leo also got a great opening. Now 5 days Talpati Vijay has made a new record in earnings. The film has joined the Rs 400 crore club in just 5 days. Not only this, Leo has also earned great earnings on his first Monday.
Leo's earnings cross 200 crores
hi
According to Sacnilk, Talpati Vijay's Leo earned around Rs 35 crore in India on Monday, while the film has earned more than Rs 400 crore worldwide. While Leo's earnings in India have exceeded 200 crores. With this, Talpati Vijay's film has joined the list of highest grossing films of this year. The surprising thing is that Leo Jawan's 5th day box office collection has left behind.
Fifth day's earnings are higher than young people's
The jawan had earned Rs 30 crore on his 5th day. Let us tell you that South actor Talapati Vijay's film Leo, released on October 19, is getting a lot of love from the audience. The film has broken many records while making the biggest opening in the South. Like the young man, Leo's earnings are also tremendous. Leo is an action thriller film, written and directed by Lokesh Kanagaraj. It is a pan India film released in Tamil, Telugu, Hindi and Kannada. Apart from Talapati Vijay in the film, Sanjay Dutt, Trisha,
Why Is ravan story So Popular Right Now?
Ravana, in Hindu mythology, is famous as the demon king who abducted Hanuman and Goddess Sita, the vanraj of the Mahabharata period. In particular, Ravana is known for the singular injustice that Lord Rama and Lakshmana were defeated for the revival of Lanka.
The character of Ravana is told on the basis of various Hindu religious texts and Ramayana story. He is also known as Dashanan (Ten Head Kings), as he was born ten times.
Ravana had many wives, including Mandodari, Kaikeyi, Trijata, Urmila and Others.
Monday, 23 October 2023
Flight cancellations at Kolkata airport for two consecutive days, passengers protest
Kolkata. Passengers protested at the Kolkata airport on the morning of Maha ashtami. Flight SG 0869 was scheduled to depart from Kolkata for Port Blair at 7:25 am. But the passengers' woes started when the plane did not take off on time.No one was able to get the right answer whether the plane would leave or not. After much time, the airline officials informed the passengers that the flight had been cancelled. She will no longer go to Port Blair. After this, 169 passengers started protesting at the airport.
The passengers alleged that the situation was the same a day ago. The airline authority had said that the aircraft will depart the next day i.e. today. The situation is the same today. The passengers alleged that they were not provided with water or food after the flight was cancelled. Officials were not responding to a question on why the flight was cancelled.
Sunday, 22 October 2023
For the first time after 15 days of war, Israeli soldiers and Hamas fighters clashed face-to-face, bombs rained in the Gaza Strip!
The war between Israel and Hamas has intensified. For 15 days, attacks are being carried out from the sky from both countries. Rockets, missiles and bombs are being dropped. Now Israel has intensified the ground operation. It is reported that the Israeli army carried out a fierce operation inside the Gaza Strip on Sunday. During this time, he has clashed face-to-face with Hamas fighters for the first time. There has been bombing from both sides. The area has been covered with bombs. Hamas fighters claimed to have destroyed Israeli military vehicles.
According to a CNN report, Hamas fighters have claimed that they have destroyed two Israeli military bulldozers and a tank. Israeli troops reportedly entered the Gaza Strip on Sunday for a ground operation. There was a face-off with Hamas fighters. Hamas says that we were heavy in this confrontation and Israeli soldiers had to retreat on foot. The clashes took place in the so-called Ghazan city of Khan Younis.
The Israeli military has not yet confirmed.
However, the Israeli military has not officially commented on the development. Hamas claimed its fighters destroyed two Israeli military bulldozers and a tank in an ambush, forcing Israeli troops to retreat without their vehicles. The Israel Defense Forces said that our forces were operating inside Gaza at the time of the incident. Meanwhile, an IDF tank attacked the Hamas militants who opened fire on our soldiers.
Earlier, the Israeli army had said that it was ready to launch a ground attack on Gaza and was waiting for orders. On Sunday, the Israeli Military (IDF) reported that Hamas had attacked our troops on the Gaza border, killing one Israeli soldier and wounding three others. According to the military, Hamas attacked an Israeli tank and engineering vehicle near Kisufim with an anti-tank guided missile.