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<ul><li>Reliance Industries' first quarter profit grew 6.8% to ₹101 billion from a year earlier.</li><li>The Mukesh Ambani-owned company's growth was aided by the performance of Reliance Jio and Reliance Retail.</li><li>The company's mainstay petrochemicals business posted a profit of ₹750 billion, down 5.8% from a year earlier. </li></ul>Reliance Industries posted a profit of ₹101 billion, a jump of 6.8% between April and June 2019 from a year earlier largely thanks to the boost from Reliance Jio and Reliance Retail. The Mukesh Ambani-owned company's mainstay petrochemicals business struggled under the pressure from the squeeze in global trends and clocked a fall of 5.8% in profit in the same period. 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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 Refining margins have been muted last few months due to the fall in demand for oil products. Oil product demand growth stalled to nearly zero and there is oversupply of gasoline and naphtha, Morgan Stanley said in a report on July 10. However, According to research firm CGSCIMB, margins from petrochemicals have dropped sharply since April 2019 and the decline has been sharpest in paraxylene, which has flowed through across the polyester chain. That would mean the decline in profit would be pronounced in Reliance mainstay business, the report added. Gross refining margin of $8.1 per barrel in the last quarter was the lowest in 18 quarters. The fear of slump in one of the important business segment has weighed on Reliance's share price in recent months. Even on Thursday (July 18), a day before the company declares the quarterly earnings, the stock of Reliance Industries fell over a percent, that's a loss of over a billion dollars in investor wealth. 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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 While Jio may be the rising star in Reliance Industries portfolio spanning from oil and gas exploration to petrochemicals to retail, the telecom venture brings its share of anxiety to the investor's mind-- debt. The company's total debt has increased over 58% in the last two years largely due to the investments made in Jio as well as the cash burnt in winning over the millions of customers. Reliance Jio has today managed to raise as much as ₹25,215 crore from a Canadian asset management company, Brookfield’s subsidiary--BIF IV Jarvis India. This will help the company repay some of its mammoth debt accumulated in the process of investing in Jio and offering deep discounts to win over customers. 
 
 
 
 
 
 
 
 
 
 
 
 























 SEE ALSO: <a href="https://www.businessinsider.in/mukesh-ambanis-reliance-jio-may-go-public-next-year-as-debt-for-discounts-starts-to-bite-and-5g-era-beckons/articleshow/69885410.cms"></a><a href="https://www.businessinsider.in/business/mukesh-ambanis-reliance-jio-raises-25215-crore-for-its-invits-from-canadian-fund-brookfield/articleshow/70295640.cms" data-type="tilCustomLink" target="_blank">Reliance Jio raises ₹ 25,215 crore from Canadian fund Brookfield to repay debt</a> <a href="https://www.businessinsider.in/mukesh-ambani-and-anil-ambani-may-restart-reliance-communications-deal-talks/articleshow/70253856.cms" data-type="tilCustomLink" target="_blank">Mukesh Ambani may now have a reason to buy Anil Ambani's bankrupt RCom, say reports</a> <a href="https://www.businessinsider.in/anil-ambani-goes-from-yacht-to-almost-jail-to-bankruptcy/articleshow/69835915.cms">Anil Ambani may not be a billionaire anymore — here's how he lost it all in just a decade</a>

Mukesh Ambani's Reliance Industries profit grows 6.8% even as refining margin hits the lowest in 18 quarters

<ul><li>Refining margins have been muted last few months due to the fall in demand for oil products.</li><li>Oil product demand growth stalled to nearly zero and there is oversupply of gasoline and naphtha, Morgan Stanley said.</li><li>Petrochemicals are the biggest contributor to Reliance Industries' turnover and profits.</li><li>However, the increasing traction for its telecom vertical Jio as well as the retail business may provide some relief.</li></ul> Refining margins have been muted last few months due to the fall in demand for oil products. And that is bad news for Reliance Industries, which will announce its quarterly earnings on Friday, where petrochemicals is the biggest contributor to the company's revenue and profit. However, the increasing traction for its telecom vertical Jio as well as the retail business may provide some relief to Chairman Mukesh Ambani, who has often said in the recent past that "data is the new oil". Oil product demand growth stalled to nearly zero and there is oversupply of gasoline and naphtha, Morgan Stanley said in a report on July 10. According to research firm CGSCIMB, margins from petrochemicals have dropped sharply since April 2019 and the decline has been sharpest in paraxylene, which has flowed through across the polyester chain. That would mean the decline in profit would be pronounced in Reliance mainstay business, the report added. However, Jio and Reliance Retail may come to the rescue, at least partially. 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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 The fear of slump in one of the important business segment has weighed on Reliance's share price in recent months. Even on Thursday (July 18), a day before the company declares the quarterly earnings, the stock of Reliance Industries fell over a percent, that's a loss of over a billion dollars in investor wealth. 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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 While Jio may be the rising star in Reliance Industries portfolio spanning from oil and gas exploration to petrochemicals to retail, the telecom venture brings its share of anxiety to the investor's mind-- debt. The company's total debt has increased over 58% in the last two years largely due to the investments made in Jio as well as the cash burnt in winning over the millions of customers. "RIL reported that its consolidated effective net debt reduced by ₹990 billion at end-FY19 due to a demerger of its telecom assets to an special purpose vehicle (SPV). However, the expected financing of the SPV by an Infrastructure Investment Trust (InvIT), which would bring in new investors, is yet to materialise," the CGS CIMB report said. 
 
 
 
 
 
 
 
 
 
 
 
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 SEE ALSO: <a href="https://www.businessinsider.in/mukesh-ambanis-reliance-jio-may-go-public-next-year-as-debt-for-discounts-starts-to-bite-and-5g-era-beckons/articleshow/69885410.cms">Mukesh Ambani’s Reliance Jio may go public next year as debt for discounts starts to bite and 5G era beckons</a> <a href="https://www.businessinsider.in/mukesh-ambani-and-anil-ambani-may-restart-reliance-communications-deal-talks/articleshow/70253856.cms" data-type="tilCustomLink" target="_blank">Mukesh Ambani may now have a reason to buy Anil Ambani's bankrupt RCom, say reports</a> <a href="https://www.businessinsider.in/anil-ambani-goes-from-yacht-to-almost-jail-to-bankruptcy/articleshow/69835915.cms">Anil Ambani may not be a billionaire anymore — here's how he lost it all in just a decade</a>

Mukesh Ambani's Reliance Industries may get some comfort from Jio and Reliance Retail as profits from petrochemicals may slip

<ul><li>The 30-share BSE index was trading 309 points higher, and the broader NSE Nifty was trading 0.65% higher on Monday at 9:40 am. </li><li>Here’s a list of the top losers and gainers in the Nifty pack. </li><li>These are the top stocks that are buzzing in trade today.</li><li><a href="https://www.businessinsider.in/">Check out the latest news and updates on Business Insider.</a> </li></ul>Indian equity benchmark indices surged in early trade on Monday, tracking gains in index-heavyweights Reliance Industries, HDFC Bank and Infosys amid largely positive cues from global markets and sustained foreign fund inflow. The 30-share BSE index was trading 309 points higher, and the broader NSE Nifty was trading 0.65% higher on Monday at 9:40 am. Here’s a list of the top losers and gainers in the Nifty pack. <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Top Nifty Gainers </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Top Nifty Losers </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">IndusInd Bank </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Tata Motors </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Hindalco </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">ICICI Bank </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Divi’s Lab </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">HDFC </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">NTPC </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Axis Bank </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">RIL </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">SBI </td></tr></tbody></table>*as of November 23, 9:57 am These are the top stocks in news today. Ujjivan Small Finance Bank leaps over 10% The shares of Ujjivan Small Finance Bank gained over 10% after the central bank’s Internal Working Group (IWG) <a href="https://www.businessinsider.in/finance/banks/news/rbi-panel-proposes-raising-promoter-stake-cap-allowing-nbfcs-to-become-banks-and-large-corporation-can-own-banks/articleshow/79323107.cms">has proposed 12 changes to ownership</a> guidelines and corporate structure for Indian private sector banks. The panel recommends that banks currently under NOHFC (non-operative financial holding company) structure may be allowed to exit from such parameters. Reliance Industries and Future Retail gain after CCI approval The shares of Mukesh Ambani-owned Reliance Industries gained over 2% after The Competition Commission has approved Reliance's proposed acquisition of retail, wholesale, logistics and warehousing businesses of Future Group. The ₹24,713 crore deal will boost Reliance Industries' fast-growing retail business. The shares of Kishore Biyani-led Future Retail were also locked in a 10% upper circuit during the morning trade. Pfizer shares gain over a percent The shares of COVID vaccine manufacturer Pfizer gained over a percent after <a href="https://www.telegraph.co.uk/news/2020/11/22/pfizer-covid-vaccine-could-get-green-light-end-week/">news reports</a> hinted that the UK could give regulatory approval to Pfizer-BioNTech’s COVID-19 vaccine this week, even before the United States authorises it. CG Power locked in 5% upper circuit The shares of CG Power were locked in a 5% upper circuit after lenders agreed to a one-time loan restructuring to pave way for the Chennai-based Murugappa Group taking over the scam-hit equipment maker. CG Power’s total debt stands at ₹2,161 crore, of which a consortium of 14 banks have taken a haircut of ₹1,100 crore and restructured the remaining. SEE ALSO: <a href="https://www.businessinsider.in/tech/news/amazon-pharmacy-is-going-to-be-the-first-big-test-of-public-trust-in-prime-and-will-expose-the-company-to-more-scrutiny/articleshow/79353327.cms">Amazon Pharmacy is going to be the first big test of public trust in Prime and will expose the company to more scrutiny</a> <a href="https://www.businessinsider.in/india/news/moderna-covid-19-vaccine-to-cost-govts-25-37-per-dose-ceo/articleshow/79353606.cms" data-type="tilCustomLink">Moderna Covid-19 vaccine to cost govts $25-$37 per dose: CEO</a>

Top stock movers — RIL, Future Retail, Ujjivan SFB, Pfizer, CG Power, and others

Shares of <keyword id="6355199" type="COMPANY" weightage="20" keywordseo="reliance-industries">Reliance Industries</keyword> on Wednesday rebounded nearly 6 per cent after plunging over 12 per cent in the previous session.The stock was trading 3.49 per cent up at Rs 1,152.05 on the BSE. In early trading hours the stock gained as much as 5.8 per cent to Rs 1,178.40. On the NSE, it was quoting at Rs 1,151.65, up 3.37 per cent. It touched a high of Rs 1,178.45, higher by 5.77 per cent. More than 1.71 crore shares of Reliance Industries were traded on the NSE, while BSE saw an exchange of 57 lakh shares till noon. The spurt in volume was more than 6.70 times during the day on the BSE. After surging 308 points in highly volatile trade, BSE benchmark Sensex was up 196.45 points, or 0.55 per cent, at 35,831.40, and the NSE Nifty rose 33.60 points, or 0.32 per cent, to 10,485.05. Shares of Reliance Industries on Monday slumped as much as 13 per cent amid a price war among oil producers leading to international crude prices crashing by their biggest margin since the 1991 Gulf war. Global oil benchmark Brent crude futures were trading 0.24 per cent higher at USD 37.31 per barrel at 1230 hours. Domestic financial markets were closed on Tuesday for Holi.

Reliance share price rebounds by 6% as crude prices rise

<ul><li><keyword id="6374020" type="UNKNOWN" weightage="20" keywordseo="Anant-Ambani">Anant Ambani</keyword> is the youngest son of <keyword id="3820" type="PERSON" weightage="20" keywordseo="Mukesh-Ambani">Mukesh Ambani</keyword>, the current chairman and managing director of Reliance Industries.</li><li>Anant, who has stayed away from his family business so far, has joined Jio Platforms as an additional director.</li><li>Delivering his first keynote speech, Anant Ambani said, “Reliance meri jaan hai”.</li></ul>Anant Ambani, the youngest son of Mukesh Ambani, has joined Jio Platforms as director. The wholly owned subsidiary of Reliance Industries has been in the news for the past few weeks as it received <a href="https://www.businessinsider.in/business/corporates/news/mukesh-ambani-may-not-be-done-selling-stake-in-jio-even-after-one-sixth-of-the-telco-is-already-out-of-his-hands/articleshow/75892898.cms">billions of dollars of investment</a> from Facebook, KKR, Vista and others. But who is Anant Ambani? The 25-year old is the third child of Mukesh and Nita Ambani. He’s the latest in the Ambani family to join the business, delivering a keynote speech at the birth anniversary of his late grandfather and RIL founder Dhirubhai Ambani. <div type="Article" hostid="261" msid="71514281" title="Meet the new generation of Ambanis — Isha, Akash, Anant, Anshul and Anmol" mstype="2" mssubtype="0"></div> “India should lead the change and Reliance should be at the forefront of that change. Reliance meri jaan hai (Reliance is my life),” he said during his speech. Anant Ambani <a href="https://www.businessinsider.in/business/news/more-than-half-of-transportation-and-logistics-professionals-still-use-a-pen-and-paper-to-manage-their-supply-chain-heres-how-blockchain-could-change-that/articleshow/71513443.cms">spent most of his life</a> at Jamnagar, Gujarat. He studied at the Dhirubhai Ambani International School and completed his graduation from Brown University in 2017. He lost a whopping 108 kilos in 18 months <div type="image" title="Anant Ambani" msid="76006049" hostid="261" caption="&amp;lt;p&amp;gt;Anant Ambani before and after the weight loss.&amp;lt;/p&amp;gt;"></div> Anant is known for being involved in social activities with his mother. But most prominently, he’s known for his drastic weight loss – he lost 108 kilos in less than 18 months. Anant has a history of chronic asthma, and the medication he took for this was the reason behind his massive weight gain. He shed the flab with a <a href="https://timesofindia.indiatimes.com/life-style/health-fitness/photo-stories/this-diet-had-helped-anant-ambani-shed-108-kgs/photostory/62381982.cms">combination of dietary changes</a> and a strict exercise regimen of 5-6 hours a day. Anantvilas, a luxury resort by The Oberoi Group, is named after him The Oberoi Group, known for its luxury hotels across and outside the country, <a href="https://www.business-standard.com/article/companies/oberoi-luxury-resort-to-be-named-after-mukesh-ambani-s-son-anant-119090100749_1.html">announced</a> its first urban luxury resort in September last year. Called Oberoi Anantvilas, the resort is named after Anant Ambani. The resort is located in a real estate corridor owned and operated by Reliance Industries and the Maker group. Joining the family business <div type="image" title="Anant and Akash Ambani" msid="75996531" hostid="261" caption="&amp;lt;p&amp;gt;Anant and Akash Ambani.&amp;lt;/p&amp;gt;"></div> While his elder siblings Isha and Akash had joined the family business early and delivered speeches during the launch of the Jio Phone 2, Anant stayed away so far. Now at the age of 25 years, he joins Isha and Akash as an additional director on the board of Jio Platforms. SEE ALSO: <a href="https://www.businessinsider.in/business/news/meet-the-new-generation-of-ambanis-isha-akash-anant-anshul-and-anmol/articleshow/71514281.cms">Meet the new generation of Ambanis — Isha, Akash, Anant, Anshul and Anmol</a> <a href="https://www.businessinsider.in/business/corporates/news/mukesh-ambani-may-not-be-done-selling-stake-in-jio-even-after-one-sixth-of-the-telco-is-already-out-of-his-hands/articleshow/75892898.cms">Mukesh Ambani may not be done selling stake in Jio even after one-sixth of the telco is already out of his hands</a> <a href="https://www.businessinsider.in/stock-market/markets/news/how-to-apply-for-reliance-industries-rights-issue-shares/articleshow/75862683.cms">How to apply for RIL rights issue shares</a>

Mukesh Ambani’s youngest son Anant Ambani who said “Reliance meri jaan hai” joins Jio Platforms as Director

<ul><li>The 30-share BSE index Sensex was down 100 points, and the NSE Nifty was trading 0.25% lower at 9:55 am. </li><li>Here’s a list of the top losers and gainers in the Nifty pack. </li><li>These are the top stocks that are buzzing in trade today.</li><li><a href="https://www.businessinsider.in/">Check out the latest news and updates on Business Insider.</a> </li></ul>Indian stock market indices opened on a choppy note on Tuesday, tracking losses in index majors Reliance Industries, ICICI Bank and Infosys amid negative cues from global markets. The 30-share BSE index Sensex was down 100 points, and the NSE Nifty was trading 0.25% lower at 9:55 am. Here’s a list of the top losers and gainers in the Nifty pack. <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Top Nifty Gainers </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Top Nifty Losers </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Kotak Mahindra Bank </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Adani Ports </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">NTPC </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">IOC </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Shree Chem </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">ONGC </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Nestle India </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">GAIL </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Asian Paints </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">IndusInd Bank </td></tr></tbody></table>*as of October 27, 10:00 am These are the top stocks in news today. <keyword id="46013" type="CITY" weightage="20" keywordseo="Kotak-Mahindra-Bank">Kotak Mahindra Bank</keyword> up over 8% The shares of Kotak Mahindra Bank were trading 8% higher. Double boost coming in for this banking stock on back of brokerage upgrades post the second quarter earnings. Also, the announcement of MSCI sectoral cap changes bodes well and could mean an inclusion in the index. NTPC trades 3% higher The shares of National Thermal Power Corporation (NTPC) gained over 3% ahead of the board meeting on November 2 to consider the share buyback plan. <keyword id="103837" type="PERSON" weightage="20" keywordseo="Angel-Broking">Angel Broking</keyword> zooms over 12% The shares of the recently listed broker, Angel Broking zoomed over 12% after the company posted the highest ever quarterly profit-after-tax at ₹74 crore for the quarter ended September 30. The company in its regulatory filing said its total income grew 29% to ₹317 crore for the quarter under review. <keyword id="127124" type="CITY" weightage="20" keywordseo="DHFL">DHFL</keyword> locked in 5% lower circuit The shares of DHFL were locked in a 5% lower circuit in minutes after opening on Tuesday. The downturn came after lenders of debt-ridden DHFL have asked the four bidders to get back with a revised offer by October 31 as part of the on-going resolution process. The four bidders include Adani Group, Piramal Enterprises, US-based Oaktree and Hong Kong-based SC Lowy. Reliance Industries and <keyword id="375475" type="COMPANY" weightage="20" keywordseo="Future-Retail">Future Retail</keyword> trade in red The shares of Reliance Industries and Future Retail were trading in red as the tussle between Amazon, and Future Retail continued for the Reliance Retail deal. Reliance Industries (<keyword id="6484187" type="COMPANY" weightage="20" keywordseo="ril">RIL</keyword>) was trading 0.55% lower, and Future Retail was down 3%. The media <a href="https://www.indiatoday.in/business/story/future-group-liquidiation-reliance-deal-amazon-singapore-arbitrator-1735423-2020-10-27">reports </a>also claimed that if the RIL deal does not materialise, Future Retail may look at liquidation. <keyword id="112668" type="COMPANY" weightage="20" keywordseo="Finolex-Industries">Finolex Industries</keyword> open 6% higher The shares of the manufacturer of PVC water pipes, Finolex Industries gained over 6% after the company reported a 17% year-on-year (YoY) jump in net profit to ₹120 crore in September quarter. Cadila Healthcare trade a percent higher The shares of drugmaker Cadila Healthcare were trading nearly a percent higher after a media <a href="https://www.bloomberg.com/news/articles/2020-10-26/covid-vaccine-developer-in-india-plans-to-boost-capacity-by-70">report claimed</a> that the Indian drugmaker is in talks with potential partners to ramp up its indigenous COVID-19 vaccine development and production capacity. SEE ALSO:<a href="https://www.businessinsider.in/business/corporates/news/hcl-tech-is-looking-to-expand-operations-in-canada-if-h-1b-visa-issues-persist/articleshow/78884838.cms" data-type="tilCustomLink"> EXCLUSIVE: HCL Tech is expanding operations in Canada as H-1B visa issues persist</a> <a href="https://www.businessinsider.in/business/news/bezos-vs-ambani-battle-eight-questions-regarding-amazons-disclosures-of-future-deal-will-be-in-the-spotlight/articleshow/78883583.cms" data-type="tilCustomLink">Bezos vs Ambani battle: Eight questions regarding Amazon's disclosures of Future deal will be in the spotlight</a> <a href="https://www.businessinsider.in/education/news/how-to-register-for-neet-counselling-2020-online/articleshow/78884869.cms" data-type="tilCustomLink">NEET counselling 2020 registrations begin today: Here’s all you need to know</a>

Top stock movers — Kotak Mahindra Bank, Future Retail, RIL, Angel Broking, DHFL, Finolex Industries, and others

<ul><li>The 30-share index was trading 1.22% higher, and the NSE Nifty rose 128.45 points at 9:55 am.</li><li>Here’s a list of the top losers and gainers in the Nifty pack. </li><li>These are the top stocks that are buzzing in trade today.</li><li><a href="https://www.businessinsider.in/">Check out the latest news and updates on Business Insider.</a> </li></ul>Indian stock market indices, Sensex rallied over 450 points in early trade on Thursday, driven by gains in index-heavyweights HDFC, Reliance Industries and ICICI Bank amid positive cues from US equities. The 30-share index was trading 1.22% higher, and the NSE Nifty rose 128.45 points at 9:55 am. Here’s a list of the top losers and gainers in the Nifty pack. <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Top Nifty Gainers </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Top Nifty Losers </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Bajaj Auto </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">ONGC </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">IndusInd Bank </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Titan </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Bajaj Finance </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Britannia </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Axis Bank </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Dr Reddy </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Bajaj Finserv Ltd. </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Nestle India </td></tr></tbody></table>*as of October 1, 10:00 am These are the top stocks in news today. <keyword id="799" type="CITY" weightage="20" keywordseo="PVR">PVR</keyword> and <keyword id="105311" type="COMPANY" weightage="20" keywordseo="INOX-Leisure">INOX Leisure</keyword> surge led by Unlock 5.0 boost The shares of cinema giants PVR and INOX Leisure surged over 11% during the early trade hours on Thursday. The rally was driven by the government decision of reopening cinema halls from October 15 as part of its<a href="https://www.businessinsider.in/india/news/central-government-unlock-5-0-guidelines-cinema-halls-schools-colleges-swimming-pools-can-open-again-with-some-conditions/articleshow/78419665.cms"> Unlock 5.0 guidelines</a>. Reliance Industries (<keyword id="6484187" type="COMPANY" weightage="20" keywordseo="ril">RIL</keyword>) open 2% higher The shares of Mukesh Ambani owned Reliance Industries (RIL) soared 2% after the company raised another <a href="https://www.businessinsider.in/business/news/reliance-retail-raises-another-1875-crore-as-silver-lake-comes-back-with-an-additional-investment/articleshow/78412992.cms">₹1,875 crore from Silver Lake co-investors.</a> <keyword id="6354737" type="CITY" weightage="20" keywordseo="ONGC">ONGC</keyword> and Oil India trade in red The shares of natural gas giants Oil and Natural Gas Corp and Oil India were trading in red after the Indian government slashed the rate by 25% to $1.79 for the period of October 2020 to March 2021. This is the price at which most of the natural gas produced in India is sold. <keyword id="6359783" type="ORGANIZATION" weightage="20" keywordseo="bajaj-auto">Bajaj Auto</keyword> jumps 5% post September sales numbers The shares of auto manufacturer Bajaj Auto jumped 5% after it recorded stellar growth of 10% in its overall sales. The <a href="https://www.bseindia.com/xml-data/corpfiling/AttachLive/c6a2166b-2617-4f6f-b594-7677d3b0d441.pdf">company </a>said it recorded the highest ever sales in its export segment with a year-on-year growth of 14%. KEC International gains 2% The shares of KEC International gained 2% after the construction firm announced that it had bagged multiple orders worth ₹1,033 crore across business segments. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/science/space/news/isro-to-launch-venus-mission-in-2025/articleshow/78420140.cms">ISRO to carry first-ever French payload abroad Venus mission scheduled for 2025</a>

Top stock movers — RIL, PVR, Bajaj Auto, INOX Leisure, ONGC, Oil India and more

<ul class="summary-list"><li>The job of a PR expert is getting more complex as companies and public figures seek help navigating social issues.</li><li>The industry is also growing with opportunities in areas like financial communications and data.</li><li>Insider is tracking the news and trends in the industry, from hiring to growth areas to M&amp;A.</li></ul>The <keyword id="255227" type="ORGANIZATION" weightage="60" keywordseo="Public-Relations" source="Orion">public relations</keyword> industry is going through big changes as PR firms scramble to <a href="https://www.businessinsider.com/pr-agencies-are-getting-more-results-focused-to-stay-competitive-2019-8">invest in data and measurement</a> and meet demand of corporations <a href="https://www.businessinsider.com/meet-the-top-pr-people-in-crisis-communications-2020-3">facing increasing public scrutiny</a>.Agencies <a href="https://www.businessinsider.com/edelman-takes-on-advertising-with-earned-creative-pitch-2020-10">are pushing into</a> areas like <keyword id="35666" type="COMPANY" weightage="100" keywordseo="advertising" source="Orion">advertising</keyword>, digital, and <a href="https://www.businessinsider.com/wpp-bcw-is-launching-an-e-commerce-offering-for-clients-2020-10">ecommerce</a>. They're also taking advantage of <a href="https://www.businessinsider.com/pr-agencies-worry-being-sued-by-former-bankruptcy-clients-2020-5">booming areas</a> like <a href="https://www.businessinsider.com/top-public-relations-pros-working-on-spacs-and-ipos-2021-3">financial communications</a> and diversity, equity, and inclusion, creating <a href="https://www.businessinsider.com/pr-industry-salaries-edelman-apco-worldwide-omnicom-wpp-publicis-teneo-2020-8?r=public-relations-lp">lucrative if high-pressure jobs</a>.Insider has been tracking these trends at some of the biggest PR firms, including <keyword id="220093" type="COMPANY" weightage="60" keywordseo="Edelman" source="Orion">Edelman</keyword>, <keyword id="302761" type="PERSON" weightage="60" keywordseo="Weber-Shandwick" source="Orion">Weber Shandwick</keyword>, and Sard Verbinnen. Here's a roundup of our coverage on everything from hot practice areas, how to get hired, and industry pay. <h2>Hiring, pay trends</h2>The PR industry employed around 270,000 people in the US as of 2019, according to the Bureau of Labor Statistics. It employs people who <a href="https://www.businessinsider.com/how-public-relations-pros-transitioned-from-agency-to-in-house-2020-2">work in-house at brands as well as agencies of all sizes.</a>The <a href="https://www.businessinsider.com/pr-industry-salaries-edelman-apco-worldwide-omnicom-wpp-publicis-teneo-2020-8?r=public-relations-lp">field remains high-paying</a> and competitive, with <a href="https://www.businessinsider.com/12-top-public-relations-recruiters-to-know-right-now-2020-7?r=public-relations-lp">opportunities</a> in pharma, tech, and <a href="https://www.businessinsider.com/omnicom-public-relations-group-named-chris-foster-new-ceo-2021-5">healthcare communications.</a>Read more:<ul><li><a href="https://www.businessinsider.com/pr-industry-salaries-edelman-apco-worldwide-omnicom-wpp-publicis-teneo-2020-8?r=public-relations-lp">PR industry salaries revealed: How much top firms like Teneo, BCW, and FTI pay employees, from consultants to managing directors</a></li><li><a href="https://www.businessinsider.com/public-relations-firms-dangle-new-perks-in-talent-war-2021-7?r=public-relations-lp">Here's a rundown of new perks and benefits public relations firms are offering, from big bonuses to extra vacation days</a></li><li><a href="https://www.businessinsider.com/corporations-are-changing-how-they-hire-chief-communications-officers-2021-11?r=public-relations-lp">Tough interview questions public relations execs can expect as social issues and politics become a bigger part of the job</a></li><li><a href="https://www.businessinsider.com/public-relations-execs-share-why-they-quit-agency-world-advice-2021-11?r=public-relations-lp">Why I quit PR agencies: 5 public relations pros share why they left and tips for former colleagues</a></li><li><a href="https://www.businessinsider.com/how-to-get-a-job-at-public-relations-giant-edelman-2020-2?r=public-relations-lp">How to get a job at PR giant Edelman and what to expect if you land an interview, according to the company's recruiters</a></li><li><a href="https://www.businessinsider.com/12-top-public-relations-recruiters-to-know-right-now-2020-7?r=public-relations-lp">Meet 12 top public relations recruiters to know right now</a></li><li><a href="https://www.businessinsider.com/how-to-get-job-at-finsbury-gladstone-place-partners-kekst-2020-9?r=public-relations-lp">What it takes to get high-paying jobs at strategic consulting firms like Finsbury and Kekst CNC, from handling tricky questions to nailing writing tests</a></li></ul><h2>People to know</h2>Top PR chiefs play a big role in shaping public opinion by wrangling the press, tamping down crises, and promoting their employers.<a href="https://www.businessinsider.com/latest-news-on-public-relations-business-growth-hiring-compensation-2020-11">The industry</a> also demands new kinds of talent as clients seek new forms of <a href="https://www.businessinsider.com/top-public-relations-measurement-vendors-to-prove-campaigns-work-2021-8">measurement</a> and help keeping up with trends like crypto and the metaverse.Read more:<ul><li><a href="https://www.businessinsider.com/most-influential-public-relations-pros-2020-8?r=public-relations-lp">The 23 most powerful fixers in PR in 2021</a></li><li><a href="https://www.businessinsider.com/22-power-players-at-edelman-the-worlds-largest-pr-firm-2020-8?r=public-relations-lp">Meet the 23 top executives at Edelman who are key to helping the world's biggest PR firm hit its $1 billion revenue goal</a></li><li><a href="https://www.businessinsider.com/rising-stars-in-public-relations-in-2022-2022-2?r=public-relations-lp">Meet 20 rising stars in public relations at top brands and agencies like Netflix and Ketchum</a></li><li><a href="https://www.businessinsider.com/top-facebook-crisis-pr-executives-fixing-its-image-2021-10?r=public-relations-lp">Meta just promoted Nick Clegg to a top policy role. Meet the 13 other execs working to repair the company's image.</a></li><li><a href="https://www.businessinsider.com/top-financial-public-relations-pros-edelman-fti-consulting-sard-verbinnen-2020-10?r=public-relations-lp">These are the top 15 financial public relations pros CEOs call when their companies are on fire</a></li></ul><h2>The industry is attracting investment</h2>Private equity firms that used to view public relations as a volatile industry have been pouring money into them, drawn to their recurring revenues, diversified businesses, and cash flow.PE is also awash in historic levels of capital because of low interest rates, and some of it's trickling down to PR.Read more: <ul><li><a href="https://www.businessinsider.com/this-pitch-deck-helped-a-pr-company-raise-45-million-2022-2?r=public-relations-lp">Read the 9-slide deck that a tech firm used to raise $4.5 million to help companies like Google pitch journalists </a> </li><li><a href="https://www.businessinsider.com/8-private-equity-firms-investing-in-the-public-relations-industry-2020-12?r=public-relations-lp">13 investors that are making big bets on public relations firms</a></li><li><a href="https://www.businessinsider.com/hotwires-global-ceo-takes-new-role-to-expand-enero-group-2021-6?r=public-relations-lp">A new Enero exec who's hunting for PR acquisitions revealed what she's looking for as it tries to grab share from holding companies like WPP and Omnicom</a></li><li><a href="https://www.businessinsider.com/public-relations-companies-who-are-challenging-edelman-and-bcw-2021-5?r=public-relations-lp">9 public relations companies are challenging the status quo and taking on giants like Edelman and BCW</a></li></ul><h2>Crisis work is growing for PR firms</h2>Crisis and internal communications work is a growth area as expectations on CEOs grow to <a href="https://www.businessinsider.com/meet-the-top-pr-people-in-crisis-communications-2020-3">take stands on hot-button issues</a> from civil rights to abortion.A lucrative niche is strategic communications firms<a href="https://www.businessinsider.com/how-to-get-job-at-finsbury-gladstone-place-partners-kekst-2020-9?r=public-relations-lp"></a>, which provide crisis, litigation, <a href="https://www.businessinsider.com/top-financial-public-relations-pros-edelman-fti-consulting-sard-verbinnen-2020-10?r=public-relations-lp">financial</a>, and other high-stakes PR.Read more: <ul><li><a href="https://www.businessinsider.com/disney-ceo-apology-florida-dont-say-gay-lgbtq-insiders-PR-debacle-2022-3?r=public-relations-lp">What went wrong at Disney: Insiders reveal weeks of 'internal strife and outrage' over CEO's messaging on Florida 'Don't Say Gay' bill</a></li><li><a href="https://www.businessinsider.com/pr-and-advertising-agencies-that-worked-for-russian-oligarchs-companies-2022-3?r=public-relations-lp">PR and advertising agencies are cutting Kremlin ties — here are 13 that helped Russian oligarchs and companies shape their public image</a></li><li><a href="https://www.businessinsider.com/crypto-companies-are-hiring-public-relations-pros-2021-11?r=public-relations-lp">Crypto and blockchain companies are snapping up public relations execs from Google, Twitter, and Edelman, as regulation looms</a></li><li><a href="https://www.businessinsider.com/companies-weigh-response-texas-abortion-law-2021-9?r=public-relations-lp">With the Texas abortion law, CEOs face pressure on what to say on another hot-button social issue — but few have spoken out</a></li><li><a href="https://www.businessinsider.com/top-facebook-crisis-pr-executives-fixing-its-image-2021-10?r=public-relations-lp">Meta just promoted Nick Clegg to a top policy role. Meet the 13 other execs working to repair the company's image.</a></li><li><a href="https://www.businessinsider.com/top-financial-public-relations-pros-edelman-fti-consulting-sard-verbinnen-2020-10?r=public-relations-lp">These are the top 15 financial public relations pros CEOs call when their companies are on fire</a></li><li><a href="https://www.businessinsider.com/pr-booms-as-the-delta-variant-upends-how-corporations-communicate-2021-8?r=public-relations-lp">PR shops like Edelman bag millions as companies struggle with back to work mess</a></li></ul><h2>PR is pushing into advertising, consulting turf</h2>PR firms are increasingly competing with <a href="https://www.businessinsider.com/fleishmanhillard-ceo-on-omnicom-firms-digital-creative-and-data-bets-2020-10?r=public-relations-lp">advertising, </a><a href="https://www.businessinsider.com/how-bcw-global-is-navigating-coronavirus-headwinds-2020-4?r=public-relations-lp">consulting companies</a>, and even <a href="https://www.businessinsider.com/dentons-edelman-fti-lures-talent-pr-2021-9?r=public-relations-lp">law firms</a>.Agencies like Edelman and <keyword id="3094203" type="COMPANY" weightage="60" keywordseo="FleishmanHillard" source="Orion">FleishmanHillard</keyword> are pushing into creative services that traditionally have been the domain of ad agencies, while firms like BCW are pitching their consulting expertise to companies in crisis.Read more: <ul><li><a href="https://www.businessinsider.com/brandwatch-is-acquiring-influencer-marketing-company-paladin-software-2022-2?r=public-relations-lp">Brandwatch is acquiring an influencer marketing company to cash in on the rise of TikTok</a></li><li><a href="https://www.businessinsider.com/signal-ai-shares-pitch-deck-that-helped-raise-50-million-2021-12?r=public-relations-lp">Check out the pitch deck that a PR tech company used to raise $50 million to extend its business beyond public relations</a></li><li><a href="https://www.businessinsider.com/public-relations-firm-vested-acquires-red-lab-technologies-2021-12?r=public-relations-lp">The PR agency Vested just bought a digital marketing shop to meet surging demand from private equity firms, hedge funds, and cryptocurrency companies</a></li><li><a href="https://www.businessinsider.com/dentons-edelman-fti-lures-talent-pr-2021-9?r=public-relations-lp">A consulting firm backed by mega-law firm Dentons is offering an unusual perk to lure top talent from public relations heavyweights like Edelman and FTI</a></li><li><a href="https://www.businessinsider.com/pr-firms-aim-to-take-share-from-advertising-and-consulting-2020-5?r=public-relations-lp">CEOs of PR firms like Edelman and BCW reveal why they're focused on winning business from advertising and consulting companies coming out of the pandemic</a>.<a href="https://www.businessinsider.com/pr-firm-edelman-reveals-playbook-to-compete-for-advertising-2020-11?r=public-relations-lp"></a> <a href="https://www.businessinsider.com/pr-firm-edelman-reveals-playbook-to-compete-for-advertising-2020-11?r=public-relations-lp"></a></li><li><a href="https://www.businessinsider.com/pr-firm-edelman-reveals-playbook-to-compete-for-advertising-2020-11?r=public-relations-lp">Public relations heavyweight Edelman has quietly built a 600-person creative team and says it's becoming a 'serious alternative' to ad agencies, winning clients like Ikea and Tazo</a></li><li><a href="https://www.businessinsider.com/healthcare-marketing-communications-firm-w2o-acquires-swoop-ipmai-2021-1?r=public-relations-lp">Healthcare marketing giant W2O just snapped up two more companies as it seeks to take on consultancies like Accenture and Cognizant</a></li></ul><h2>PR is getting tech-savvy</h2>CEOs increasingly want to know they're getting business results from their marketing spending, and that includes PR as well.That's fueled <a href="https://www.businessinsider.com/top-27-software-companies-in-the-public-relations-industry-2020-12">a $4.5 billion communications software industry</a> that helps PR firms do things like monitor news coverage and social <keyword id="6354777" type="COMPANY" weightage="60" keywordseo="Media" source="Orion">media</keyword>, provide accurate measurements, and identify influencers and journalists.Read more:<ul><li><a href="https://www.businessinsider.com/real-pitchdeck-memo-10-million-series-a-funding-2022-3?r=public-relations-lp">Read the pitch deck that a PR startup used to raise $10 million to help clients like Samsung and Google measure how their PR is working</a></li><li><a href="https://www.businessinsider.com/symphony-technology-group-has-created-a-pr-tech-giant-2022-1?r=public-relations-lp">A new PR tech giant is plotting an expansion into the US to take on Cision and Meltwater</a></li><li><a href="https://www.businessinsider.com/tritium-partners-acquires-a-majority-stake-in-publicrelay-2021-9?r=public-relations-lp">Private equity firm Tritium Partners acquired an up-and-coming PR tech company to take on giants like Cision and Meltwater</a></li><li><a href="https://www.businessinsider.com/top-public-relations-measurement-vendors-to-prove-campaigns-work-2021-8?r=public-relations-lp">11 tech firms that top companies like Coca-Cola and Samsung rely on to prove their PR works</a></li><li><a href="https://www.businessinsider.com/top-27-software-companies-in-the-public-relations-industry-2020-12?r=public-relations-lp">The top 27 software companies serving the public relations industry</a></li><li><a href="https://www.businessinsider.com/pr-giant-edelman-has-ended-an-exclusive-partnership-with-cision-2020-9?r=public-relations-lp"></a><a href="https://www.businessinsider.com/pr-agencies-are-getting-more-results-focused-to-stay-competitive-2019-8?r=public-relations-lp">PR agencies are beefing up their data services to keep consulting firms like Deloitte and Accenture from eating their lunch</a> <a href="https://www.businessinsider.com/pr-giant-edelman-has-ended-an-exclusive-partnership-with-cision-2020-9?r=public-relations-lp"></a></li><li><a href="https://www.businessinsider.com/msl-ceo-on-how-public-relations-compete-against-marketing-firms-2020-11?r=public-relations-lp">PR giant MSL breaks down how it's using tech tools to prove its work drives results for clients like P&amp;G and Cadillac</a></li><li><a href="https://www.businessinsider.com/edelman-bulks-up-its-350-person-data-analytics-offering-2021-2">Public relations giant Edelman is poaching execs from WPP, Google, and others to build a data analytics powerhouse</a></li><li><a href="https://www.businessinsider.com/omnicom-launches-a-new-public-relations-measurement-platform-2021-1">Omnicom is boosting its data arm with a new tool to convince skeptics that PR can drive business results</a></li></ul>

The latest news about the public relations industry, from pay and hiring to growth areas

<ul><li><keyword id="19912297" type="General" weightage="20" keywordseo="NVIDIA" source="keywords" meta.keywordsubtype="org" meta.entityname="NVIDIA" meta.hostid="261" meta.entityid="NVIDIA">NVIDIA</keyword> and <keyword id="19896380" type="General" weightage="20" keywordseo="Reliance-Industries" source="keywords" meta.keywordsubtype="org" meta.entityname="Reliance Industries" meta.hostid="261" meta.entityid="Reliance Industries">Reliance Industries</keyword> have partnered to build AI computing infrastructure.</li><li>NVIDIA will also supply the latest Blackwell AI chip for Reliance Industries’ new data centre.</li><li>The partnership was announced at the NVIDIA AI Summit India.</li></ul> <keyword id="16173150" type="General" weightage="20" keywordseo="NVIDIA-CEO-Jensen-Huang" source="Orion">NVIDIA CEO Jensen Huang</keyword> at the NVIDIA AI Summit India announced a partnership with Mukesh Ambani-led Reliance Industries to an artificial intelligence (AI) computing infrastructure and an innovation centre in India. As part of the partnership between the two companies, Reliance Industries will use the latest Nvidia Blackwell AI chip for its new major data centre. The company will use NVIDIA's cutting-edge technology, including the GB200 GPUs. The two companies are aiming to accelerate India's transformation into a global AI powerhouse with the partnership, banking on the nation's talent pool and growing digital infrastructure. "India is already world-class in designing chips, Nvidia's are designed here in Bengaluru, Hyderabad, Pune. A third of Nvidia is Indian, maybe more," Huang said. While praising the country’s rapid digitalisation in recent years and talking about the country’s potential in the AI sector, Huang said, “Very few countries have this amazing natural resource called IT and computer science expertise.” "We are at the doorsteps of the new intelligence age. India will be one of the biggest intelligence markets. It's not just our aspiration, but also the raw gene power which will help drive intelligence,” said Reliance Industries chairman <keyword id="19916798" type="General" weightage="20" keywordseo="Mukesh-Ambani" source="keywords">Mukesh Ambani</keyword>. "India will not just deliver CEOs to world, but also AI services. Like we did with data, in few years from now we can surprise the world with what Indians can achieve in intelligence," Ambani added. Ambani revealed the company’s plans to establish a scalable infrastructure capable of expanding beyond 1 gigawatt, powered by green energy. "We are building this so we can scale, and we think big," he said. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/deepak-builders-ipo-allotment-how-to-check-allotment-ipo-gmp-listing-date-and-more/articleshow/114533208.cms">Deepak Builders IPO allotment – How to check allotment, IPO GMP, listing date and more</a> <a href="https://www.businessinsider.in/tech/news/synology-introduces-new-enterprise-solutions-reports-significant-growth-in-india/articleshow/114504353.cms">Synology introduces new enterprise solutions, reports significant growth in India</a> <a href="https://www.businessinsider.in/tech/apps/news/diwali-gift-zomato-platform-fee-increased-to-rs-10-ahead-of-the-festive-season/articleshow/114493617.cms">Diwali gift from Zomato – Platform fee increased to ₹10 ahead of the festive season</a>

NVIDIA and Reliance Industries to build AI computing infrastructure in India

<ul><li>The 30-share BSE index was trading 301 points higher, and the broader NSE Nifty gained 0.64% on Tuesday at 10:07 am. </li><li>Here’s a list of the top losers and gainers in the Nifty pack. </li><li>These are the top stocks that are buzzing in trade today.</li><li><a href="https://www.businessinsider.in/">Check out the latest news and updates on Business Insider.</a> </li></ul>Indian equity indices opened at record highs on Tuesday, playing catch-up with overseas gains after a long weekend. News that US drugmaker Moderna’s coronavirus vaccine was 94.5% effective in preventing infection is adding to the gains on Dalal Street. The 30-share BSE index was trading 301 points higher, and the broader NSE Nifty gained 0.64% on Tuesday at 10:07 am. Here’s a list of the top losers and gainers in the Nifty pack. <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Top Nifty Gainers </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Top Nifty Losers </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Tata Steel </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">BPCL </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">SBI </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Hero Motocorp </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Tata Motors </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Dr Reddy </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">HDFC Bank </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">HCL Tech </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">IndusInd Bank </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Bajaj Auto </td></tr></tbody></table>*as of November 17, 10:06 am These are the top stocks in news today. Tata Steel tops over 6% The shares of Tata Steel rallied over 6% hitting the 52-week high of ₹523. This came after the company in a separate statement informed stock-exchanges that it has plans with respect to its operations in Europe. The company has initiated discussions with Sweden-based SSAB on the potential sale of Tata Steel Netherland business, including Ijmuiden steelworks. Tata Steel said it has also initiated the process to separate Tata Steel Netherlands and Tata Steel UK and will pursue separate strategic paths for the Netherlands and the UK businesses in the future. BPCL plunges over 4% The shares of BPCL plunged over 4% even though it completed its first phase of the privatisation process on Monday with several suitors submitting Expressions of Interest (EoI) for the state-run oil major. However, Reliance Industries as well as supermajors Saudi Aramco, BP and Total did not make a bid for BPCL. Reliance Industries opened 4% higher The shares of Mukesh Ambani owned Reliance Industries’ opened 4% higher after its retail arm has picked up 96% stake in online furniture retailer<a href="https://www.businessinsider.in/retail/news/reliance-retail-acquires-urban-ladder-for-182-crore-at-a-sixth-of-the-startups-peak-valuation-in-2018/articleshow/79230550.cms"> Urban Ladder</a> for over ₹182 crore. The company said this acquisition would help Reliance Retail in bolstering its presence in the fast-growing e-commerce segment and widening the bouquet of consumer products provided by it as it looks to compete with e-commerce majors like Amazon and Flipkart. HDFC Asset Management Company gains over 2% The shares of HDFC Asset Management Company gained over 2% after its board of directors has approved the appointment of Navneet Munot as its next managing director and chief executive officer, succeeding Milind Barve. Munot was the chief investment officer of SBI Funds Management. NBCC India trades 2% higher The shares of state-owned construction firm NBCC opened 2% higher after the company said it had bagged business orders worth ₹1,165.52 crore last month. Larsen &amp; Toubro gain over 2% The shares of Larsen &amp; Toubro gained over 2% after the engineering and construction giant Larsen &amp; Toubro emerged as the lowest bidder for a ₹3,200 crore project to build a road bridge over the Brahmaputra river, according to an NHIDCL official. It will be one of the longest road bridges over a river in the country and on completion will connect two eastern states - Assam and Meghalaya. SEE ALSO:<a href="https://www.businessinsider.in/science/health/news/moderna-says-its-coronavirus-vaccine-is-94-5-effective-against-covid-19-a-crucial-victory-in-the-fight-against-the-pandemic/articleshow/79247349.cms" data-type="tilCustomLink"> Moderna says its coronavirus vaccine is 94.5% effective against COVID-19, a crucial victory in the fight against the pandemic</a> <a href="https://www.businessinsider.in/stock-market/news/dow-soars-375-points-to-near-record-as-modernas-vaccine-update-boosts-investor-optimism/articleshow/79249468.cms" data-type="tilCustomLink">Dow soars 450 points to new record as Moderna's vaccine update boosts investor optimism</a>

Market hits record high, Sensex breaches 44,000 — these are the top movers today

<ul><li>The retail unit of <keyword id="6355199" type="ORGANIZATION" weightage="20" keywordseo="reliance-industries">Reliance Industries</keyword> posted a strong show in second quarter earnings.</li><li><keyword id="58448" type="COMPANY" weightage="20" keywordseo="Reliance-Retail">Reliance Retail</keyword> saw its pre-tax profits grow by 66.8% to ₹2,322 crores. </li><li>The share price of Reliance Industries has jumped over 12% in the last one month compared to the 4% rally in Sensex.</li></ul>Reliance Retail announced its Q2 earnings for the current financial year. Despite a larger slowdown in the economy as well as in people’s consumption, Reliance Retail saw its pre-tax profits grow by 66.8% to ₹2,322 crores as opposed to ₹1,392 crores in the same quarter last year. The revenue from Reliance Retail grew to ₹41,202 crores as opposed to ₹32,436 crores in the same quarter last year. During the quarter, Reliance Retail added 337 stores taking the total store count to 10,901 stores. 
 
 
 
 
 
 
 
 
 
 
 
 
 
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 It is present across areas like food and grocery, consumer electronics, fashion and lifestyle. Poised for growth Research firm Bank of America-Merrill Lynch (BofA-ML), in its latest report, predicts that Reliance Retail will be a big driver in taking RIL’s market value to a massive $200 billion in two years. A big chunk of the value created will come from serving the<a href="https://www.businessinsider.in/business/news/mukesh-ambani-owned-reliance-retail-revenue-estimate-from-kirana-stores/articleshow/71643159.cms"> kirana stores. </a> Reliance Retail, which was launched in 2006, has been growing rapidly over the years and has been aggressively acquiring companies as well. Earlier this year, Reliance Retail had acquired the iconic British toy making company Hamley’s and in July completed the 100% acquisition of the company for a <a href="https://www.businesstoday.in/current/corporate/mukesh-ambani-reliance-brands-completes-100-acquisition-of-hamleys/story/365664.html">reported</a> amount of ₹620 crore. The share price of Reliance Industries had already run up over 12% in the last one month and investors have priced a strong show from the company that was once an energy giant, and is now fast changing into a consumer business with its thrust on Reliance Retail and on telecom via Reliance Jio. 
 
 
 
 
 
 
 
 
 
 
 
 
 
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 SEE ALSO: <a href="https://www.businessinsider.in/business/corporates/news/top-highlights-from-mukesh-ambani-owned-reliance-industries-rils-quarterly-earnings/articleshow/71651084.cms">Reliance Industries posts a record profit even as refining and telecom verticals soften</a> <a href="https://www.businessinsider.in/business/corporates/news/mukesh-ambani-owned-reliance-industries-forms-pact-with-bp-to-sell-aviation-fuel-in-india/articleshow/71651988.cms">Reliance Industries makes a new pact with BP to sell jet fuel in India</a> <a href="https://www.businessinsider.in/business/news/mukesh-ambani-owned-reliance-retail-revenue-estimate-from-kirana-stores/articleshow/71643159.cms">Mukesh Ambani is set to make big money out of India’s millions of small kirana shops</a>

Reliance Retail surprises with a sharp growth of 27% despite slowdown

<div class="KonaFilter image-container display-table"><div><div class="image on-image">Reuters/Amit DaveMukesh Ambani.</div></div></div><ul class="summary-list"><li><a href="https://markets.businessinsider.com/stocks/reliance_industries_1-stock">Reliance Industries</a>' Reliance Jio added 11.79 million subscribers in July, 10 times more than all of its rivals combined.</li><li>Its subscriber base will reach 300 million by the end of March 2019 - if the trend continues, analysts say.</li><li><a href="https://markets.businessinsider.com/stocks/reliance_industries_1-stock">Watch Reliance Industries trade in real time here.</a></li></ul>Exactly two years ago, India's richest man, Mukesh Ambani, planned to revolutionize India's telecom sector with cheap data. His plan seems to be working.After disrupting India's telecom market with <a href="https://www.businessinsider.com/mukesh-amabani-reliance-jio-4g-lte-2016-9">cheap mobile data and calling services,</a> Reliance Jio has been steadily gaining market share. The company offers 50 rupees ($0.70) per gigabyte and monthly plans as low as 149 rupees ($2).Reliance Jio, part of Ambani's <a href="https://markets.businessinsider.com/stocks/reliance_industries_1-stock">Reliance Industries</a>, added 1.79 million subscribers in July, 10 times more than all rivals combined, according to the <a href="https://trai.gov.in/sites/default/files/PRNo98Eng18092018.pdf">latest data </a>released by the Telecom Regulatory Authority of India on Wednesday. Competitors Bharti Airtel and Vodafone Idea Cellular added 0.3 million subscribers and 0.6 million subscribers, respectively. According to a report by Jefferies, Reliance Jio has more than doubled its market share over the past 16 months. As of July, it controlled 19.6% of India's <a href="https://trai.gov.in/sites/default/files/PRNo98Eng18092018.pdf">1.17 billion telephone subscribers</a>, up from 9.3% in March 2017."If the recent trend continues, by the end of March 2019 it would have a subscriber base of 300 million from the current 225 million," Jefferies analyst Somshankar Sinha said. <div class="KonaFilter image-container"><div class="image on-image">Jefferies</div></div><div class="KonaFilter image-container"><div class="image on-image">Jefferies</div></div>And while Jefferies is impressed with its telecom business, it has a price target for Reliance Industries of 880 rupees - a downside of 27.2% from current levels. That's due to Reliance Industries having different businesses across various sectors, including energy, textiles, natural resources, and retail, which will cause capital expenditures to grow.Reliance Industries shares are up 31.45% this year.<div class="KonaFilter image-container display-table"><div><div class="image on-image">Markets Insider</div></div></div> <div class="margin-top"> <h3>NOW WATCH: <a href="https://www.businessinsider.com/samsung-foldable-phone-galaxy-x-f-winner-2018-9">Everything we know about Samsung's foldable phone</a></h3> <div> </div> </div>

You Searched For "reliance industries latest news" and got 12 results

Mukesh Ambani's Reliance Industries profit grows 6.8% even as refining margin hits the lowest in 18 quarters

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Mukesh Ambani’s youngest son Anant Ambani who said “Reliance meri jaan hai” joins Jio Platforms as Director

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The latest news about the public relations industry, from pay and hiring to growth areas

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NVIDIA and Reliance Industries to build AI computing infrastructure in India

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Reliance Retail surprises with a sharp growth of 27% despite slowdown

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India's richest man's plan to revolutionize its telecom industry with cheap data seems to be working

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