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Reliance shares see biggest intraday gain in a decade; rivals hit by disruption fears

6 days ago DieselGasoil Comments Off on Reliance shares see biggest intraday gain in a decade; rivals hit by disruption fears
BENGALURU (Reuters) – Reliance Industries (RELI.NS) shares saw their biggest intraday rise in more than a decade on Tuesday, after the company set a target to reach zero net debt in 18 months and vowed to reward shareholders with higher dividends and periodic bonus issues. FILE PHOTO: A woman rides her scooter past advertisements of Read More

Reliance shares see biggest intraday rise in decade; rivals hit by disruption worries

7 days ago DieselGasoil Comments Off on Reliance shares see biggest intraday rise in decade; rivals hit by disruption worries
BENGALURU (Reuters) – Reliance Industries (RELI.NS) shares saw their biggest intraday rise in a more than a decade on Tuesday, after it set a target to reach zero net debt within 18 months and vowed to reward shareholders with higher dividends and periodic bonus issues. FILE PHOTO: A woman walks past a poster of Reliance Read More

Reliance-Microsoft cloud tie-up poses threat to Amazon, Google in India

1 week ago DieselGasoil Comments Off on Reliance-Microsoft cloud tie-up poses threat to Amazon, Google in India
MUMBAI/COLOMBO (Reuters) – India’s Reliance Industries Ltd on Monday announced a partnership with Microsoft’s Azure cloud platform, in a move that deepens the offerings of its Jio telecoms unit while posing a direct challenge to rival cloud services providers such as Amazon.com and Alphabet’s Google. FILE PHOTO: A man walks past a Reliance Industries Limited Read More

EU clears Vodafone’s $22 billion Liberty deal

1 month ago DieselGasoil Comments Off on EU clears Vodafone’s $22 billion Liberty deal
BRUSSELS/LONDON (Reuters) – Brussels gave its blessing to Vodafone’s (VOD.L) $22 billion purchase of Liberty Global’s (LBTYA.O) cable networks in Germany and central Europe, clearing the way for the British company to become Europe’s largest mobile, broadband and TV provider. FILE PHOTO: Coaxial TV Cables are seen in front of Vodafone and Liberty Global logos Read More

Broadcom in EU antitrust spotlight, faces interim measures

2 months ago DieselGasoil Comments Off on Broadcom in EU antitrust spotlight, faces interim measures
BRUSSELS (Reuters) – EU antitrust regulators will investigate whether U.S. chipmaker Broadcom uses exclusivity restrictions to block rivals in the TV and modem chipsets markets, a move that could lead to hefty fines for the company and an order to end such practices. FILE PHOTO: A sign to the campus offices of chip maker Broadcom Read More

Australian PM says Beijing should adopt reform to end U.S. trade war

2 months ago DieselGasoil Comments Off on Australian PM says Beijing should adopt reform to end U.S. trade war
SYDNEY (Reuters) – Australian Prime Minister Scott Morrison said on Wednesday that China should reform its economy to end a trade war with the United States that is damaging the global economy, comments that could strain ties with the country’s largest trading partner. FILE PHOTO: Australian Prime Minister Scott Morrison speaks during a joint press Read More