Latest news with #MukeshAmbani-led
India.com
16 hours ago
- Business
- India.com
Amid Israel-Iran war, India's 6 most valued firms earn Rs 1.62 lakh crore in just five days due to..., Mukesh Ambani's Reliance earns Rs...
Mukesh Ambani (File) While markets from United States to Asia have declined due to global tensions caused by the Israel-Iran war, which have been further exacerbated by America's entry into the war on Sunday, the Indian stock market remains unaffected, and is in fact witnessing a sort of boom, as six of country's 10 most-valued firms added a staggering Rs 1.62 lakh crore to their combined market capitalization (mcap) in the last week with Mukesh Ambani-led Reliance Industries, Sunil Mittal-owned Bharti Airtel and HDFC Bank, emerging as biggest gainers. Airtel, Reliance, HDFC biggest gainers According to market data, the market cap of telecom giant Bharti Airtel increased by Rs 54,055.96 crore, jumping to Rs 11.04 lakh crore, while the valuation of Mukesh Ambani-led Reliance Industries Limited surged Rs 50,070.14 crore to Rs 19.82 lakh crore, and HDFC gained Rs 38,503.91 crore, taking its mcap to Rs 15.07 lakh crore. Similarly, the market cap of Narayana Murthy-led IT giant Infosys increased by Rs 8,433.06 crore, reaching Rs 6.73 lakh crore, ICICI Bank mcap surged by Rs 8,012.13 crore to Rs 10.18 lakh crore, while SBI gained Rs 3,212.86 crore taking its market valuation to Rs 7.10 lakh crore. TCS, Bajaj Finance among laggards Meanwhile. Bajaj Finance, Tata Group's Tata Consultancy Services (TCS)– India's largest IT services exporter, Hindustan Unilever Limited (HUL), and LIC, emerged as laggards during the trade week. The mcap of Bajaj Finance decreased by Rs 17,876.42 crore to Rs 5.62 lakh crore, while TCS fell Rs 4,613.06 crore to Rs 12.42 lakh crore. The market value of HUL declined by Rs 3,336.42 crore to Rs 5.41 lakh crore, and that of LIC now stands at Rs 5.92 lakh crore after losing Rs 1,106.88 crore. Reliance remains India's most-valued domestic company Notably, Mukesh Ambani-led Reliance Industries remains India's most-valued domestic firm, followed by HDFC Bank, TCS, Bharti Airtel, ICICI Bank, SBI, Infosys, LIC, Bajaj Finance, and Hindustan Unilever (HUL). The current market of Reliance Industries is estimated at Rs 19.82 lakh crore.
Time of India
4 days ago
- Business
- Time of India
Challenging Coca-Cola & PepsiCo: Reliance to invest up to Rs 8,000 crore in Campa, beverages expansion over next 15 months
Challenging Coca-Cola & PepsiCo: Reliance to invest up to Rs 8,000 crore in Campa, beverages expansion over next 15 months Reliance Consumer Products (RCPL), the FMCG arm of Mukesh Ambani-led Reliance Retail, is set to invest between Rs 6,000 crore and Rs 8,000 crore over the next 12–15 months to scale up its beverage portfolio, including the iconic Campa brand. The move marks RCPL's most significant capital outlay since its launch in 2022. According to a ET report, the investment will support the addition of 10–12 new greenfield and co-packing plants across India, a move aimed at challenging established players like Coca-Cola and PepsiCo, as well as low-cost regional competitors. "The capex is being done on a combined investment of Rs 6,000–8,000 crore by Reliance and some of its partners," a senior executive told the publication. RCPL's beverage portfolio includes Campa Cola, Orange and Lemon, Sosyo, Sun Crush juices, the Spinner sports drink co-created with former Sri Lankan cricketer Muttiah Muralitharan, and the fruit-based hydration brand RasKik. The company is also setting up a facility in Bihar, in addition to the plant in Guwahati built in partnership with Jericho Foods and Beverages to serve the Northeast. Spinner is priced aggressively at Rs 10 for a 250ml bottle, less than half the cost of rival drinks like Gatorade and Sting, demonstrating RCPL's strategy to undercut the market. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 유일한 공식 무료 SOC 게임! 설치도 없습니다! 경복의 바다 다운로드 Undo 'RCPL is focusing on 600 million mass consumers and is working closely with neighbourhood stores by giving them margins at today's cost,' RCPL Director T Krishnakumar had earlier told ET in an exclusive interview. So far, RCPL beverages are produced in 18 co-invested plants. While the company's distribution remains selective, Reliance plans to make its consumer products available nationally by March 2027, with about 70% coverage by March 2026 for key categories like beverages, Krishnakumar said. The broader consumer portfolio includes Sil jams and spreads, Lotus Chocolate, Toffeeman and Ravalgaon confectionery, Alan's Bugles snacks, Velvette personal care products, and the Independence staples range. Notably, most of the company's 15 brands have been acquired since its entry into FMCG in 2022. As per news agency PTI, RCPL's revenue in FY25 touched Rs 11,500 crore, making it the fastest-growing vertical within Reliance Retail. Campa and Independence brands each surpassed Rs 1,000 crore in sales, contributing to RCPL's 3.5X year-on-year growth. Reliance Retail CFO Dinesh Taluja said during an earnings call that Campa has already achieved a double-digit market share in its available regions. The company now reaches over one million retail outlets via a network of 3,200+ distributors, and has begun exploring export opportunities in select international markets. Despite a weather-affected summer, India's beverage market, estimated at Rs 67,000 crore, is projected to more than double to Rs 1.47 lakh crore by 2030, according to think tank ICRIER. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Mint
5 days ago
- Business
- Mint
Jio Financial Services acquires 7.9 crore shares of Jio Payments Bank from SBI — Details here
Billionaire Mukesh Ambani-led Reliance Group's non-banking financial services arm, Jio Financial Services (JFS), on Wednesday, 18 June 2025, announced that the company has acquired more than 7.9 crore equity shares of Jio Payments Bank Limited (JPBL) from the State Bank of India (SBI), according to an exchange filing. As per the filing data, the total value of the deal is estimated to be at ₹ 104.54 crore after approvals from the central bank, the Reserve Bank of India (RBI). After the acquisition deal, Jio Payments Bank will become a wholly-owned subsidiary of Jio Financial Services. According to an earlier PTI report, from March 2025, JFS held an 82.17 per cent stake in Jio Payments Bank, and was planning to make an acquisition move to buy out SBI. 'The Company has today at around 3.27 p.m acquired 7,90,80,000 equity shares of Jio Payments Bank Limited (JPBL) from State Bank of India for an aggregate consideration of ₹ 104.54 crore pursuant to the approval received from Reserve Bank of India on June 4, 2025. Consequent to this acquisition, JPBL has become a wholly owned subsidiary of the Company,' said the company in the BSE filing. Jio Financial Services shares closed 0.62 per cent lower at ₹ 288 after Wednesday's stock market session, compared to ₹ 289.80 in the previous market close. The company announced the acquisition update after the market operating hours on 18 June 2025. Since its listing on the Indian stock market in August 2023, the shares of Jio Financial Services have given market investors over 34 per cent returns on their investment. However, the shares have lost 20.77 per cent in the last one-year period. On a year-to-date (YTD) basis, the shares are down 5.49 per cent, but are trading 3.86 per cent higher in the last one-month period. The shares of the NBFC hit their 52-week high level at ₹ 368.30 on 20 June 2025, while the 52-week low level was at ₹ 198.60 on 3 March 2025, according to BSE data. JFS' market capitalisation (M-Cap) stood at more than ₹ 1.82 lakh crore as of the stock market close on Wednesday, 18 June 2025. Read all stories by Anubhav Mukherjee Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Economic Times
6 days ago
- Business
- Economic Times
Asian Paints shares in focus as ICICI Prudential buys stake worth Rs 1,876 crore from Reliance
Asian Paints shares will be in focus on Tuesday after ICICI Prudential Mutual Fund acquired 85 lakh shares of the company in a block deal worth Rs 1,876 crore. ADVERTISEMENT Mukesh Ambani-led Reliance Industries sold the shares through its affiliate Siddhant Commercials Private Limited at Rs 2,207 per share. Asian Paints stock closed Monday's session at Rs 2,243.65, up 1.28% or Rs 28.35. This comes just days after Reliance sold a 3.6% stake in Asian Paints to SBI Mutual Fund in a separate block deal worth Rs 7,704 crore—one of India's largest bilateral transactions. That deal was executed at Rs 2,201 per share. Also Read: These 11 Nifty microcap stocks can rally 55-210% in the next 12 months Reliance has been gradually monetising its long-term stake in Asian Paints, held via Siddhant Commercials. The investment, held for nearly 17 years, has now delivered a return of nearly 23 investor interest, Asian Paints shares have been under pressure, falling over 20% in the past year and down 3% so far in 2025. ADVERTISEMENT In the March quarter, the company reported a sharp 45% year-on-year drop in consolidated net profit to Rs 692 crore, compared to Rs 1,257 crore a year earlier. Revenue from operations also declined 4% to Rs 8,330 on the results, Managing Director and CEO Amit Syngle said: ADVERTISEMENT 'The weak demand conditions prevalent for the past few quarters continued to affect the paint industry even in the last quarter of the financial year. The demand for decorative coatings was only marginally better than in the third quarter.' According to Trendlyne, the average target price for Asian Paints is Rs 2,282, indicating a modest upside of around 2% from current levels. Among 35 analysts tracking the stock, the consensus rating remains 'Sell'. ADVERTISEMENT On the technical front, the Relative Strength Index (RSI) stands at 42.5 — below the overbought threshold of 70 but not yet in oversold territory (below 30). Meanwhile, the MACD is at 30.4 and remains below both its signal and center lines, signalling a strong bearish trend. Also Read: 10 midcap stocks with more than 20 buy Calls: Analysts see up to 25% upside (Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
6 days ago
- Business
- Time of India
Asian Paints shares in focus as ICICI Prudential buys stake worth Rs 1,876 crore from Reliance
Asian Paints shares will be in focus on Tuesday after ICICI Prudential Mutual Fund acquired 85 lakh shares of the company in a block deal worth Rs 1,876 crore. Mukesh Ambani-led Reliance Industries sold the shares through its affiliate Siddhant Commercials Private Limited at Rs 2,207 per share. Asian Paints stock closed Monday's session at Rs 2,243.65, up 1.28% or Rs 28.35. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Bank Owned Properties For Sale In Denpasar (Prices May Surprise You) Foreclosed Homes | Search ads Search Now Undo This comes just days after Reliance sold a 3.6% stake in Asian Paints to SBI Mutual Fund in a separate block deal worth Rs 7,704 crore—one of India's largest bilateral transactions. That deal was executed at Rs 2,201 per share. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Also Read: These 11 Nifty microcap stocks can rally 55-210% in the next 12 months Reliance has been gradually monetising its long-term stake in Asian Paints, held via Siddhant Commercials. The investment, held for nearly 17 years, has now delivered a return of nearly 23 times. Live Events Despite investor interest, Asian Paints shares have been under pressure, falling over 20% in the past year and down 3% so far in 2025. In the March quarter, the company reported a sharp 45% year-on-year drop in consolidated net profit to Rs 692 crore, compared to Rs 1,257 crore a year earlier. Revenue from operations also declined 4% to Rs 8,330 crore. Commenting on the results, Managing Director and CEO Amit Syngle said: 'The weak demand conditions prevalent for the past few quarters continued to affect the paint industry even in the last quarter of the financial year. The demand for decorative coatings was only marginally better than in the third quarter.' Asian Paints Share Price Target According to Trendlyne, the average target price for Asian Paints is Rs 2,282, indicating a modest upside of around 2% from current levels. Among 35 analysts tracking the stock, the consensus rating remains 'Sell'. On the technical front, the Relative Strength Index (RSI) stands at 42.5 — below the overbought threshold of 70 but not yet in oversold territory (below 30). Meanwhile, the MACD is at 30.4 and remains below both its signal and center lines, signalling a strong bearish trend. Also Read: 10 midcap stocks with more than 20 buy Calls: Analysts see up to 25% upside ( Disclaimer : Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times)
