Fat-finger trade and RIL’s fury: BSE CEO gives a sneak peek into NSE’s birth pangs

MUMBAI: The birth of the National Stock Exchange (NSE) over 26 years ago was one of the defining moments in India’s stock market history. It brought the first-ever satellite-based trading system to the country, which allowed two traders sitting across the country to perform a trade within 2 seconds. NSE’s online trading was a revolution […]

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Brookfield-backed Summit Digitel to raise Rs 11,836 cr, RIL may invest

MUMBAI: Brookfield-backed Summit Digitel Infrastructure, which houses telecom towers used by Reliance Jio, is raising Rs 11,836 crore via local bonds. Reliance Industries will likely subscribe to the bonds, which will replace a long-term credit facility, a move that generally extends immediate repayment liabilities. This is a record fund-raising by bonds issued in one shot […]

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M-cap of RIL, 7 other cos zooms by Rs 1.94 lakh crore in a week

NEW DELHI: Eight of the top 10 valuable firms added over Rs 1.94 lakh crore to their market valuation last week, led by Reliance Industries Ltd. On the contrary, HDFC Bank and (SBI) witnessed losses in their valuations. added Rs 60,034.51 crore to take its valuation to Rs 13,81,078.86 crore. The valuation of Tata Consultancy […]

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RIL hives off oil-to-chemicals biz

(This story originally appeared in on Feb 24, 2021) Mumbai: Reliance Industries () will transfer its oil-to-chemicals (O2C) operations to a wholly owned subsidiary for a $25-billion loan, besides $12-billion equity. Consideration for the transfer of the O2C assets, which includes the operating team and 12 manufacturing facilities, will be funded by a $25-billion loan […]

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