Reliance 5G strategy may be very costly
... of a massive Rs 2,9 lakh crore. The intent was very clear at the auction. The attention will be on how the service will be priced. Ambareesh Baliga , a market tracker, says that the 5 G announcement by Reliance is highly disruptive. He believes that Reliance is not going to change because of the fact that it is known to be cost-competitive. The options for 5 G before RIL are virtually unavoidable. Kranthi Bathini , equity strategist at WealthMills Securities , points out that in 2016 Jio came in as the challenger with affordable voice and data tariffs. The strategy worked well for them with a high-quality network. Now, the 5 G offering is at a time when Jio is the market leader, he explains. Bathini ...
Updated: 08/29/2022
Danish to increase wind capacity to 3 gigawatts
... offshore wind capacity in the Baltic Sea to 3 gigawatts and hook it up to the German grid, a step towards weaning Europe off its reliance on Russian gas. It is expected to be able to supply electricity to up 4.5 million European homes by the year 2030. A ... ... project and added that with such projects among European partners we achieve two key goals at the same time: European energy security and climate neutrality. The deal was announced in Copenhagen on Monday. Dan Jrgensen, Denmark's energy minister, said ...
Updated: 08/29/2022
Sensex ends 861 points lower, Nifty ends below 17,400 mark
... in the red. Tech Mahindra , Infosys , Wipro , HCL Tech and TCS were the top Sensex losers, falling up to 4.57 per cent. Reliance Industries ' shares were down by 0.84 per cent or Rs 22 at Rs 2,596. After the 45th annual general meeting of the Mukesh ... ... the last session, against 276.96 lakh crore in the previous session. Shrikant Chouhan, Head of Equity Research Retail Kotak Securities said investors had already got the bearish vibe for the start of the week, after the US Fed chairman's speech on Friday ...
Updated: 08/29/2022
Stock markets likely to open lower amid volatile trading
... Bharti Airtel were the top losers, falling to 1.92 per cent. Here is a look at stocks that are likely to remain in news today. Reliance Industries Ltd will host its 45th Annual General Meeting AGM today. NTPC: The board of the state-owned power firm has ... ... logistics firm, and a leader in the LCL and rail freight consolidation segment in the Nordic region. The railway firm company has secured a new order with JV partner for the redevelopment of the Kollam railway station for Rs 361.18 crore from Southern Railways....
Updated: 08/29/2022
Reliance Industries to hold AGM amid bullish outlook
Reliance Industries, the country's largest listed entity in terms of market capitalisation, will hold its annual general meeting AGM later this bullish outlook on the company by the analyst community. Reliance Industries, the country's largest listed entity in terms of market capitalisation, will hold its annual general meeting AGM later today amidst a bullish outlook on the company by the analyst community. In a recent report, ICICI Securities stated that the company's FY 22 annual report provided some pertinent insights on the way the company s character has changed over the past 3 -- 4 years The fiscal saw record profitability and margins for RIL s consolidated operations, with ...
Updated: 08/29/2022
Rupee ends 8 paise up 8 paises to close at 79.84 against US dollar
... with a positive bias and quote to be in the range of 79.40 and 80.05, Somaiya said. Asian and emerging market peers were mixed this Friday, while some inflows into the capital market aided sentiments, said Sriram Iyer , Senior Research Analyst at Reliance Securities . The investors are cautioned as they wait for the speech of the Fed Chair Powell . We expect the rupee to trade on a negative note due to the strong Dollar and rising crude oil prices. The month-end Dollar demand from importers may be a ...
Updated: 08/28/2022
Dollar gains 6 paise to 79.86 against US dollar
... barrel. There is expected to be range-bound trade this Friday, as investors wait for Federal Reserve Chairman Jerome Powell 's speech to give further clues about the pace of the US central bank's rate hikes. Sriram Iyer , Senior Research Analyst at Reliance Securities , said markets could remain range bound ahead of the monthly August futures expiry due to higher oil prices and a weak start in the Asian and emerging market peers. The 30 share BSE Sensex was trading 471.65 points or 0.80 per cent up to 59,...
Updated: 08/26/2022
Peloton reports $1.24 billion fourth quarter loss, beats estimates
... demand. Earlier this week, it announced that it would start selling certain products on Amazon AMZN , a move that helped send shares more than 20% higher in Wednesday s session. Peloton was previously limited to direct-to- consumer sales, and JMP Securities company Andrew Boone thought that the new arrangement, and potential other retail partnerships, could help Peloton operate under a more variable-cost model, as the company could reduce its reliance on fixed-cost showrooms. After Amazon 's announcement, he wrote Wednesday that Peloton is becoming a cost savings story.
Updated: 08/25/2022
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