In light of the ongoing COVID-19 pandemic, Reliance Industries has said that it will continue to provide salaries for five years to the nominee of employees who succumbed to the disease.

In a statement, Reliance further said that under the 'Reliance Family Support and Welfare Scheme', it would fully fund tuition fees, hostel accommodation and books of all the children of the employee, up to bachelors degree at any institute in India.

Reliance Industries (RIL)-promoted Hathway Cable & Datacom will launch an offer for sale (OFS) on Monday -- the second time in a month it will be doing so. The last OFS for Rs 853 crore was partially subscribed.

This month, the company will launch a Rs 442-crore share sale, offloading 205.44 million shares, or an 11.61 per cent stake, at a floor price of Rs 21.50. Promoter group firms that will sell shares include Jio Content Distribution Holdings, Jio Internet Distribution Holdings, and Jio Cable and Broadband Holdings.

Reliance Industries Limited on Friday announced that the company will be rolling out a COVID-19 vaccination programme for its employees and their family members above the age of 18 years from May 1. The vaccination programme is called 'R-Surakshaa'.

In a letter to RIL employees, the Chairman and Managing Director RIL Mukesh Ambani and Chairperson Reliance Foundation Nita Ambani said that the COVID-19 vaccine is a key weapon again the coronavirus and the company has continued to bear the vaccination cost for all the eligible members.

Shares of Reliance Industries (RIL) and Bharti Airtel gained 3 per cent each on the BSE in the intra-day trade on Wednesday after Reliance Jio Infocomm (Reliance Jio) signed a definitive agreement with Bharti Airtel to acquire the right to use spectrum in the 800-megahertz (MHz) band in Andhra Pradesh, Delhi, and Mumbai circles through spectrum trading.

The stock of RIL was up 3 per cent at Rs 2,046, while Bharti Airtel gained 2.7 per cent to quote at Rs 546 on the BSE in the intra-day trade today.

Reliance Industries Ltd has sold three-fourth of the gas from coal seams in Madhya Pradesh to an affiliate of the company at a price of just over $6 at current oil prices.

India Gas Solutions Private Limited, a 50: 50 joint venture of RIL and UK's bp, bought 0.62 million standard cubic meters per day out of 0.82 mmscmd gas bid out in an auction last week, three people with knowledge of the matter said.

Shares of billionaire Mukesh Ambani's Reliance Industries (RIL) rose 2 per cent to hit an intra-day high of Rs 2,048.70 on the BSE after the company said it has begun the process of carving out the O2C business into an independent subsidiary and expects to get the necessary approvals for the same by the second quarter of the next financial year.

The company said the O2C business will be turned into a separate entity that will be 100 per cent owned by RIL and will result in no change in the company's shareholding.

Shares of Reliance Industries (RIL) extended their winning run to the fourth straight day, up 3 per cent on the BSE, to hit an over two-month high of Rs 2,110 in Thursday's early morning trade. The stock was trading at its highest level since October 23, 2020. It hit a record high of Rs 2,369, on September 16, 2020.

Despite a run-up of 14 per cent from its low of Rs 1,856 touched on December 21, the stock has underperformed the market and fallen 1 per cent in the past three months as against a 23 per cent rally in the S&P BSE Sensex.

Indian share market opened at a record high on Thursday, with the BSE Sensex index scaling the 50,000 level for the first time.

It opened at 50,096.57 and touched a fresh all-time high of 50,126.73 points. At 09:17 am, the Sensex was up 223.17 points or 0.45% at 50,015.29, and the Nifty was up 63 points or 0.43% at 14,707.70. About 1034 shares have advanced, 267 shares declined, and 68 shares are unchanged.

Reliance Jio on Monday approached the Punjab and Haryana High Court urging it to direct the Punjab government to intervene and stop the continuous vandalism of its infrastructure in the state. The Mukesh Ambani led company stated that the vandalism has endangered the lives of its employees and disrupted its communication setup.

In a petition filed earlier this morning, Jio said that the miscreants have been indulged by people with vested interest under the garb of the ongoing farmer protests.

The Securities and Exchange Board of India (Sebi) on Friday imposed penalties on Reliance Industries (RIL), its Chairman and Managing Director Mukesh Ambani, and two other entities for alleged manipulative trading in the shares of erstwhile Reliance Petroleum (RPL) back in November 2007.

Fines of Rs 25 crore and Rs 15 crore have been imposed on RIL and Ambani, respectively. Besides, Navi Mumbai SEZ has been asked to pay a penalty of Rs 20 crore, and Mumbai SEZ has been directed to pay Rs 10 crore.

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