Ril News Headlines

Indian markets recorded a broad-based selloff on Tuesday as the focus shifted toward the upcoming RBI policy. Smallcap stocks continue to see a downward slope, while auto and IT stocks extended their losses. Also, bears held the grip of the market amidst a drop in investors' risk appetite and FY23 tax harvesting

Govt to offer entities ₹14,007 cr incentives to manufacture solar cells

As many as 11 companies, including Indosol, Reliance and First Solar, have bagged solar photovoltaic manufacturing projects of a total 39,600 MW capacity under the second tranche of the production-linked incentive scheme of the government. The government has allocated a total capacity of 39,600 MW of domestic Solar PV module manufacturing capacity to 11 companies, with a total outlay of Rs 14,007

The broader NSE Nifty50 advanced 40.65 points or 0.24 per cent to end at 16,985.70 points

Although, Sensex and Nifty 50 ended in green, the gains were capped due to heavy losses in small-cap stocks. Healthcare stocks outperformed, while auto, capital goods and consumer durables stocks weighed on the mood.

The broader NSE Nifty advanced 40.65 points or 0.24% to end at 16,985.70

Kotak Equities has revised its target price to ₹2,900, from ₹3,000 earlier, largely due to a cut in R-Jio valuation and higher net debt assumption

Hindustan Aeronautics Ltd and Indiabulls Housing Finance Ltd stocks will continue to be part of the F amp;O ban list for Monday trading.

Reliance Industries (RIL) said on Friday that its board has designated Srikanth Venkatachari, joint chief financial officer, as chief financial officer (CFO) of the company with effect from 1 June 2023.

V Srikanth (joint CFO since 2011) has been sharing a part of the responsibilities of the CFO position with Alok Agarwal for the last few years

Bajaj Finserv was the biggest loser among the Sensex constituents, sliding 3.81 per cent, followed by Bajaj Finance, Tata Steel, RIL, HCL Tech, SBI, Larsen amp; Toubro and Mahindra amp; Mahindra, Axis Bank and Titan

RIL, HAL and ICICI Bank were the top traded contracts.