Market News
Stay updated with the latest market trends, earnings, and economic indicators.
RIL AGM strategy: How to trade Reliance shares amid big-bang announcements by Mukesh Ambani?
The Mukesh Ambani-led company has scheduled its 49th AGM today at 2 pm via video conferencing and other audio-visual means. Investors eagerly await updates on the much-awaited Jio Platforms IPO, retail expansion strategy and progress in its new energy business.
$15 billion game-changer: Reliance Jio readies for a big bang in space
Reliance Jio is reportedly planning a massive 1,600-satellite low Earth orbit constellation, aiming for direct-to-device connectivity and extending its telecom dominance into space. This ambitious project, potentially costing $10-15 billion, seeks to bolster India's digital sovereignty and reduce reliance on foreign infrastructure, positioning Jio as a major global player.
Nirmal Bang sees defence growth, flags cement margin pressure on fuel costs
Jyoti Gupta, Senior Research Analyst at Nirmal Bang Institutional Equities, remains positive on defence, citing strong order books and execution visibility despite rich valuations, with picks like HAL and BEL. On cement, she sees limited gas impact but rising pet coke and coal costs may pressure margins. Demand may moderate, though she prefers large caps like Ambuja and UltraTech while staying cautious on weaker regional players.