Reliance Industries, Wipro and Omaxe to see some action today

Reliance Industries Ltd. | Refineries | Oil & Gas | BSE: 500325 | NSE: RELIANCE

27 Apr 2022 Evaluate

Reliance Industries has signed a formal shareholder agreement for the $2 billion TA'ZIZ chemical joint venture in the UAE and inked a pact to collaborate with ADNOC in finding and producing conventional and unconventional resources. Under the terms of a strategic agreement, Reliance and TA'ZIZ will build plants with the capacity to produce 940,000 tonnes per annum of Chlor-alkali, 1.1 million tonnes a year of ethylene dichloride and 360,000 tonnes per year of polyvinyl chloride at the TA'ZIZ Industrial Chemicals Zone.

Continuing on its inorganic play, Wipro has announced the acquisition of Rizing Intermediate Holdings, a global SAP consulting firm, for a consideration of $540 million (around Rs 4,060 crore). The company stated that the acquisition will significantly expand its breadth of capabilities in helping businesses transform into intelligent enterprises.

Omaxe has raised Rs 440 crore from Varde Partners, a leading global alternative investment firm. It will deploy the funds for expediting construction and delivery of its projects as well as for expansion. Omaxe Group is developing integrated townships in New Chandigarh, Lucknow, Ludhiana, Indore and Faridabad. It is also developing a multilevel parking cum commercial project in PPP model with North Delhi Municipal Corporation in Chandni Chowk, Delhi scheduled for delivery in this fiscal. The Group has so far delivered around 127.89 million sq. ft. (till December 2021) in real estate and construction contracting.

Bajaj Finserv, through its lending arm Bajaj Finance, is offering pre-approved loans to their existing customers up to Rs 10 lakh. This loan offering is an ideal financing option for those looking for urgent funds. Pre-approved loans from Bajaj Finserv are available to existing customers who are responsible debt payers and have a good credit history. These loans can be used to fund planned or unplanned expenses that require immediate funding.

Hindustan Aeronautics (HAL) and BEL have signed a contract for co-development and co-production of Long Range Dual Band Infra-Red Search and Track System (IRST) for Su-30 MKI under the MAKE-II procedure of Defence Acquisition Procedure (DAP) 2020, as part of the 'Make in India' initiative.

Zydus Lifesciences’ novel COVID-19 vaccine, ZyCoV-D has received Emergency Use Authorisation (EUA) from the Drug Controller General of India (DCGI) as a two dose vaccine. With this approval, the vaccine will now be administered on day 0 and day 28. Earlier, the vaccine was approved in a three dose regimen to be administered on day 0, day 28 and day 56.

Bharti Airtel’s subsidiary -- Airtel Payments Bank has partnered with IndusInd Bank to offer fixed deposit (FD) facilities to its customers. Customers can now book fixed deposits starting from Rs 500 up to Rs 190,000 within minutes through a seamless digital journey on the Airtel Thanks app.

Reliance Industries Share Price

1308.85 29.15 (2.28%)

10-Jul-2026 16:59 View Price Chart

Peers

Company Name	CMP
Reliance Industries	1308.85
Indian Oil Corpn.	138.95
Bharat PetroleumCorp	309.70
HPCL	395.35
MRPL	162.45
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