Topic
ril
Business RIL, IndiGo, Nestle India Lead Stock Watchlist on June 16 as Analysts Issue New Ratings
Analysts from Morgan Stanley, Citigroup, Macquarie, Jefferies, and Nomura issued ratings on Reliance Industries, LG Electronics India, GMR Airports, Interglobe Aviation (IndiGo), and Nestle India on June 16. RIL is highlighted as a top pick with a target of Rs 1,803, while IndiGo's management focuses on pricing over capacity. Nestle India faces regulatory notice over Maggi larvae complaint, which it disputes.
Technology Meta Partners with RIL for AI Data Centre in India
Meta has partnered with Reliance Industries to establish a 168-megawatt AI data centre in Jamnagar, Gujarat. This collaboration marks Meta's first AI data centre deal in India, highlighting the country's growing appeal for AI infrastructure investments.
Business Supreme Court Clears RIL in 2007 RPL Trading Case
The Supreme Court has cleared Reliance Industries Limited (RIL) of charges related to illegal gains in the 2007 Reliance Petroleum (RPL) trading case. The court set aside the Securities Appellate Tribunal's order for disgorgement but upheld penalties for violating a 2001 SEBI circular.