The Nifty November 2024 futures closed at 23,513.15, a premium of 59.35 points compared with the Nifty's closing 23,453.80 in the cash market. In the cash market, the Nifty 50 lost 78.90 points or 0.34% to 23,453.80. The NSE's India VIX, a gauge of market's expectation of volatility over the near term, advanced 2.65% to 15.17. Reliance Industries, National Aluminium Company and Tata Motors were the top traded individual stock futures contracts in F&O segment of NSE. The November 2024 F&O contracts will expire on 28 November 2024. Powered by Capital Market - Live

Reliance Industries (RIL), Viacom 18 Media'(Viacom18) and The Walt Disney Company (NYSE:DIS) (Disney) today announced that following the approval by the Hon'ble NCLT Mumbai, Competition Commission of India and other regulatory authorities, the merger of the media and JioCinema businesses of Viacom18 into Star India (SIPL) has become effective (the JV). In addition, RIL has invested'Rs 11,500 crore (~US$ 1.4 billion) into the JV for its growth. The JV has allotted shares to Viacom18 and RIL as consideration for the assets and cash, respectively. The transaction values the JV at'Rs 70,352 crore (~US$ 8.5 billion) on a post-money basis, excluding synergies. At the closing of the transactions noted above, the JV is controlled by RIL and owned 16.34% by RIL, 46.82% by Viacom18 and 36.84% by Disney. Nita M. Ambani will be the Chairperson of the JV, with Uday Shankar as Vice Chairperson providing strategic guidance to the JV. The JV will be one of the largest Media & Entertainment companies in India with pro forma combined revenue of approximately'Rs 26,000 crore (~US$ 3.1 billion) for the fiscal year ended in March 2024. The JV operates over 100 TV channels and produces 30,000+ hours of TV entertainment content annually. The JioCinema and Hotstar digital platforms have an aggregate subscription base of over 50 million. The JV holds a portfolio of sports rights across cricket, football and other sports. In a separate transaction, RIL has bought out Paramount Global's entire stake of 13.01% in Viacom18 for ₹ 4,286 crore. As a result, Viacom18 is owned 70.49% by RIL, 13.54% by Network18 Media & Investments Ltd. and 15.97% by Bodhi Tree Systems, on a fully-diluted basis. Powered by Capital Market - Live

The Nifty November 2024 futures closed at 23,621.40, a premium of 88.7 points compared with the Nifty's closing 23,532.70 in the cash market. In the cash market, the Nifty 50 lost 26.35 points or 0.11% to 23,532.70. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, declined 4.27% to 14.78. Reliance Industries, HDFC Bank and Hindustan Aeronautics and were the top traded individual stock futures contracts in F&O segment of NSE. The November 2024 F&O contracts will expire on 28 November 2024. Powered by Capital Market - Live

The Nifty November 2024 futures closed at 24,100, a premium of 104.65 points compared with the Nifty's closing 23,995.35 in the cash market. In the cash market, the Nifty 50 dropped 309 points or 1.27% to 23,995.35. The NSE's India VIX, a gauge of market's expectation of volatility over the near term, rallied 5.01% to 16.70. Reliance Industries, State Bank of India and Mahindra & Mahindra were the top traded individual stock futures contracts in F&O segment of NSE. The November 2024 F&O contracts will expire on 28 November 2024. Powered by Capital Market - Live

The Nifty October 2024 futures closed at 24,405.95, a premium of 200.6 points compared with the Nifty's closing 24,205.35 in the cash market. In the cash market, the Nifty 50 declined 135.50 points or 0.56% to 24,205.35. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, rose 0.35% to 15.57. Reliance Industries, Larsen & Toubro and Tata Motors were the top traded individual stock futures contracts in F&O segment of NSE. The October 2024 F&O contracts will expire on 31 October 2024. Powered by Capital Market - Live

The Nifty October 2024 futures closed at 24,366.90, a premium of 26.05 points compared with the Nifty's closing 24,340.85 in the cash market. In the cash market, the Nifty 50 fell 126 points or 0.51% to 24,340.85 The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, jumped 6.54% to 15.47. Reliance Industries, HDFC Bank and State Bank of India were the top traded individual stock futures contracts in F&O segment of NSE. The October 2024 F&O contracts will expire on 31 October 2024. Powered by Capital Market - Live

Reliance Industries has allotted 676,61,86,449 equity shares of Rs. 10/- each as fully paid-up bonus equity shares, in the proportion of 1:1, i.e., 1 new fully paid-up equity share of Rs. 10/- each for every 1 existing fully paid-up equity share of Rs. 10/- each, to the eligible members of the Company whose names appeared in the Register of Members / Register of the Beneficial Owners, as on October 28, 2024, the 'Record Date' fixed for this purpose.Powered by Capital Market - Live

Under the agreement, Reliance Brands Holding UK (RBL UK) will hold a 51% stake in the joint venture, while Mothercare Global Brand Limited will retain the residual 49% interest. RBLUK will acquire the stake for a cash consideration of '16 million. This joint venture will act as the franchisor of the Mothercare brand in the specified South Asian regions, unlocking new growth opportunities while leveraging the strengths of both organizations. Reliance Brands first acquired the rights to the UK-based Mothercare brand for the Indian market in 2018 and currently operates 87 stores across 25 cities, in addition to a strong presence on e-commerce platforms. Darshan Mehta, managing director, Reliance Brands, said: 'Mothercare has been a trusted name for parents in India for years, and this joint venture marks an exciting new chapter in our partnership. It's been incredibly rewarding to work alongside the talented Mothercare team, and this deeper collaboration reflects the strong relationship we've built over time. I'm excited about the opportunities this new era brings as we continue to expand the brand's presence across South Asia.' RBL UK is a wholly-owned subsidiary of Reliance Brands, which is a subsidiary of Reliance Retail Ventures (RRVL). RRVL is a subsidiary of Reliance Industries. Reliance Industries (RIL) is India's largest private sector company. Its activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, renewables (solar and hydrogen), retail and digital services. RIL had reported 3.6% fall in consolidated net profit to Rs 19,101 crore in Q2 FY25 from Rs 19,820 crore in Q2 FY24. Gross revenue rose by 0.8% year-over-year to Rs 258,027 crore in the second quarter. The scrip declined 0.71% to currently trade at Rs 2694.15 on the BSE. Powered by Capital Market - Live

The company has fixed Monday, 28 October 2024, as the record date for the purpose of determining the equity shareholders of the company eligible for bonus equity shares of the company. The firm will issue one bonus share for each existing share held. RIL is India's largest private sector company. Its activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, renewables (solar and hydrogen), retail and digital services. RIL's reported 3.6% fall in consolidated net profit to Rs 19,101 crore in Q2 FY25 from Rs 19,820 crore in Q2 FY24. Gross revenue rose by 0.8% year-over-year to Rs 258,027 crore in the second quarter. EBITDA decreased by 2% to Rs 43,934 crore in Q2 FY25 from Rs 44,809 crore in Q2 FY24. EBITDA margin in Q2 FY25 was 17% in Q2 FY25 as against 17.5% in Q2 FY24. Powered by Capital Market - Live

The Nifty October 2024 futures closed at 25,032.60, a premium of 61.3 points compared with the Nifty's closing 24,971.30 in the cash market. In the cash market, the Nifty 50 fell 86.05 points or 0.34% to 24,971.30. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, rose 0.63% to 13.09. Reliance Industries, HDFC Bank and ICICI Bank were the top traded individual stock futures contracts in F&O segment of NSE. The October 2024 F&O contracts will expire on 31 October 2024. Powered by Capital Market - Live