Morgan Stanley considers Grasim's foray a positive development as it will help improve value within the standalone business and address capital allocation concerns

The company's gross revenue declined by 2 per cent to Rs 35,596 crore as COVID-19 restrictions continued to have an impact on project site execution and Hyderabad metro operations.

'Reorganising refining and petrochemicals as oil-to-chemicals (O2C) reflects new strategy as well as management matrix', the company said in a post earning investor presentation

The oil to chemicals (O2C) business witnessed a 28 per cent fall in Earnings before Interest, Tax, Depreciation and Amortisation (EBITDA), while the digital services and retail businesses reported EBITDA growth of 48.4 per cent and 13.4 per cent, respectively

Analysts expect recovery in RIL's overall earnings in the October-December quarter though refinery earnings remain flat. RIL's consolidated revenue may fall to Rs 1.21 lakh crore from Rs 1.69 lakh crore during the year-ago period, a Bloomberg survey of 10 brokerages says

Company officials privy to the development said that the merger of HPCL and MRPL under conservative assumptions could happen by FY24-end as the MRPL-OMPL merger has to happen first

Bharat Rasayan share touched an intraday high of Rs 10,763.3, rising 3.99% against the last close

Morgan Stanley expects the upcoming earnings results to prompt an earnings upgrade cycle with chemicals in the driver's seat, before refining picks up by mid-2021

The Rs 450 crore order has been placed on BHEL by NALCO for its 5th Stream Alumina Refinery Expansion Project at Damanjodi, Odisha, Bharat Heavy Electricals Limited (BHEL) said in a statement

Fuel consumption, however, posted a month-on-month increase for the fourth straight month, helped by reviving transportation and business activity

Bharat Rasayan stock touched an intraday high of Rs 10,543.65, rising 11.75% against the last close 

Mukesh Ambani built three sector-dominating businesses under RIL and cleaned off the conglomerate's debts by raising Rs 2.89 lakh crore

Backed by aggressive product-expansion strategies and big investments, D.C. Mehta-led Deepak Nitrite is taking the global chemical industry by storm

In the whole of FY20, total foreign direct investment (FDI) by domestic companies was $ 13 billion, while FDI inflows had hit a record $ 76 billion, according to the ratings agency

The failed PCPIR policy 2007, is being completely overhauled, now making the Centre the main driver to develop India as a global hub for petroleum, chemicals and petrochemicals processing and manufacturing

India Stock Market Highlights Today: M&M, followed by Bajaj Finance, Kotak Bank, SBI, ONGC, L&T, Tata Steel, Bajaj Finserv and Maruti were among the top gainers on Sensex pack. On the other hand, IndusInd Bank, HUL, PowerGrid, Titan and Nestle India were among the top losers today

Toyota-Tsusho is into infrastructure, chemicals and food business, in addition to Toyota's core, automotive business; Sumida is a component manufacturer for auto, medical equipment, electronics and power sectors

Shares of CARE Ratings hit upper circuit limit of 20 per cent at Rs 365 on the BSE after the company reported strong numbers in September quarter

RIL stock touched an intraday high of Rs 1928.85, rising 4.29% on BSE

Ambani's fortune fell by $6.8 billion to $71.5 billion after RIL stock ended 8.62% or Rs 177 lower at Rs 1877  on BSE