Latest news with #RelianceIndustries
Hans India
an hour ago
- Business
- Hans India
Trade Setup for July 18: Nifty struggles to hold 25,000 as markets await Reliance results
On July 17, the Nifty faced a turbulent session, ultimately closing 101 points lower at 25,111. Despite a flat-to-positive start, the index succumbed to selling pressure during the second half of the trading day, ending near the session's low. The day's losses came amid heightened caution ahead of major earnings, including those from Reliance Industries, JSW Steel, Hindustan Zinc, Bandhan Bank, and IndiaMART Intermesh—all scheduled for release on Friday. Top gainers on the Nifty included Tata Consumers, Tata Steel, and Hindalco, while Tech Mahindra, IndusInd Bank, and Infosys were among the laggards. Broader market indices mirrored the weakness—Nifty Midcap 100 declined 0.17%, and the Smallcap 100 slipped 0.12%. Sectorally, Realty, Metal, and Consumer Durables showed some resilience. However, steep declines in IT and Banking stocks dragged the overall sentiment. FIIs were net sellers in the cash segment, while domestic institutional investors bought into the dip. Stocks like Wipro, Axis Bank, Jio Financial Services, and Indian Hotels will also be in focus after their results were released post-market on Thursday. Technical View Analysts suggest that Nifty's bounce near the 25,000 level looks weak, raising concerns about a possible retest of the 24,900–25,000 zone. Nandish Shah (HDFC Securities) noted that the index failed to sustain above the 20-day EMA (currently at 25,232), signaling continued choppiness. 'Support lies at 25,000, below which longs should be avoided,' he advised. Rupak De (LKP Securities) flagged a bearish sentiment. "The Nifty couldn't cross the 25,260 mark. A downside move toward 24,900 is likely if bearish momentum sustains." Hardik Matalia (Choice Equity Broking) added that while 25,000 is immediate support, a decisive fall below 24,900–24,700 could trigger a deeper correction. On the upside, 25,400–25,500 is the hurdle to watch. In summary, traders will closely watch Friday's earnings announcements and the 25,000 mark, which could dictate the short-term market direction.
Time of India
2 hours ago
- Business
- Time of India
Top 5 richest people in India (July 2025): Their combined net worth can't match Elon Musk's fortune
List of India's richest people: India is home to some of the richest people in the world, with billionaires leading industries ranging from energy and telecom to pharmaceuticals and technology. But despite their vast fortunes, even the top 5 richest people in India fall short when compared to Elon Musk, the world's wealthiest man, according to Forbes. As of today, July 17, 2025, the combined net worth of India's richest people is around $279.5 billion—far less than Elon Musk's staggering wealth of $400.7 billion, according to Forbes. Let's take a look at the top Indian billionaires and how they've built their empires. India's Billionaire Boom in 2025 India has seen a strong rise in the number of billionaires. According to Hurun's Global Rich List (March 2025), the country now has 284 billionaires — 13 more than last year. In 2022, India had 249 billionaires, but the number dropped to 187 in 2023 due to market disruptions. However, the country made a big comeback in 2024 with 276 billionaires. This steady growth now makes India the world's third-largest hub for billionaires, after the USA and China. The collective wealth of these tycoons stands at an eye-watering Rs 91.35 lakh crore ($1,067,582.93 million), surpassing even the GDP of Saudi Arabia. This rise marks a 10% increase year-on-year, showcasing the strength and expansion of Indian enterprise. Top 5 Richest People in India (July 2025) 1. Mukesh Ambani – $112 Billion Mukesh Ambani, chairman of Reliance Industries, continues to be the richest person in India in July 2025 with a net worth of $112 billion. He is also the only Asian featured in Forbes' exclusive $100 billion club. Reliance operates across major sectors like oil refining, retail, digital services, and 5G technology. Ambani is also investing heavily in green energy and telecom, helping him stay at the top of India's richest people list. 2. Gautam Adani – $68.4 Billion Gautam Adani, founder of the Adani Group, is the second richest person in India with a net worth of $68.4 billion. Although his wealth has dropped since 2024, he remains one of the strongest business leaders in India's infrastructure sector. His group runs key assets like ports, airports, power stations, and renewable energy plants. The Adani Foundation, led by his wife Priti Adani, works on various social projects across the country. 3. Savitri Jindal & Family – $37.8 Billion Savitri Jindal, chairperson emeritus of the O.P. Jindal Group, is India's richest woman with a net worth of $37.8 billion. She took charge of the family business after the passing of her husband, Om Prakash Jindal. Her four sons manage different sectors of the group, which focuses on steel, power, cement, and infrastructure. The group also promotes sports in India through JSW Sports. 4. Shiv Nadar – $34.6 Billion Padma Bhushan Shiv Nadar, founder of HCL Technologies, ranks fourth on the list of the richest people in India, with a net worth of $34.6 billion. He played a key role in building India's IT sector, and HCL now serves global giants like Microsoft, Cisco, and Boeing. He is also known for his charitable work, donating over Rs 1,100 crore in 2022 to support education and development. 5. Dilip Shanghvi – $26.7 Billion Dilip Shanghvi, founder of Sun Pharmaceutical Industries, is the fifth richest Indian in 2025, with a net worth of $26.7 billion. Sun Pharma became the first Indian pharmaceutical company to cross a $5 billion valuation under his leadership. A major milestone in his journey was the $4 billion acquisition of Ranbaxy Laboratories in 2014, which helped Sun Pharma become a global pharmaceutical leader. Elon Musk vs India's Billionaires: The Huge Wealth Gap While India's top five billionaires are extremely wealthy and powerful, their combined fortune of $279.5 billion still falls short of Elon Musk's net worth, which is $400.7 billion as per Forbes. The Tesla and SpaceX founder continues to top the global rich list, with a gap of over $120 billion between him and India's richest people combined. The richest people in India continue to shape the nation's economic future, leading global businesses and fuelling innovation. While they may not have reached Elon Musk's net worth just yet, their influence and legacy in Indian and global markets are undeniable. Stay tuned as India's richest individuals evolve and new names rise to the top of the Forbes billionaires list. For the latest and more interesting financial news, keep reading Indiatimes Worth. Click here.
Economic Times
3 hours ago
- Business
- Economic Times
Rs 40,000 crore dividend boom! How Ambani, Adani & India's top billionaires got richer in FY25
Agencies Reliance Industries' Chairman Mukesh Ambani (left); Adani Group Chairman Gautam Adani (right) Some of India's richest billionaires became even richer in FY25, not through stock rallies or IPO windfalls, but through cold, hard cash. Ten of the country's most powerful promoter groups, including the Ambanis, Adanis, and Anil Agarwal's Vedanta, collectively earned over ₹40,000 crore in dividends during the a sign of India Inc's robust cash generation and generous payout policies, dividend income surged across sectors, from tech and telecom to metals and pharma. Billionaire philanthropist Shiv Nadar, founder of HCL Technologies, took home a jaw-dropping ₹9,902 crore in dividends in FY25, the highest among all promoter groups, according to data collated from regulatory filings and ACE which declared a dividend of ₹60 per share, paid out ₹16,290 crore in total. The Nadar family holds a 60.81% stake in the company. At a net worth of $37.3 billion, the 80-year-old tech magnate is India's third richest man and ranks 50th in the global Bloomberg Billionaires Index. Close behind in the payout list is Vedanta's Anil Agarwal, whose family earned ₹9,591 crore in dividend income during the year. Vedanta, which declared ₹17,009 crore in total dividends for FY25, has been under scrutiny for its aggressive cash returns, with short-seller Viceroy recently questioning the sustainability of such payouts. The Agarwal family holds 56.38% in the company through various unlisted holding entities. Also Read | $4 billion question: If promoters are selling, MFs are buying, should SIP investors worry? Azim Premji, the philanthropic billionaire and founder of Wipro, earned ₹4,570 crore in FY25. His family owns 72.66% of the company, which declared a dividend of ₹6 per Ambani family earned Rs 3,655 crore from Reliance Industries' dividend payout in FY25. Reliance Industries paid dividends worth Rs 7,443 crore, with the Ambani family owning 50.11 per cent directly as well as through unlisted holding companies. The family received Rs 5.50 per share in dividends. Also Read | Reliance Industries shares at inflection point. 6 reasons why FY26 could be the year of big re-rating Infosys promoters, including N R Narayana Murthy, Nandan Nilekani, S D Shibulal, S Gopalakrishnan, and K Dinesh, collectively received ₹2,331 crore in dividends. The promoter group owns 14.6% in the tech giant, which declared ₹17,854 crore in dividends at ₹43/share in FY25. Sunil Bharti Mittal and family, the promoters of Bharti Airtel, pocketed ₹2,357 crore in dividend income, as the telecom major paid out ₹16/share to investors. Dilip Shanghvi, India's original pharma billionaire, earned ₹2,091 crore from Sun Pharma in FY25. The company declared ₹3,839 crore in dividends and the promoter group holds a 54.48% stake. Gautam Adani and family earned ₹1,460 crore in dividends from their group companies, led by Adani Ports & SEZ (₹996 crore), with the rest coming from Ambuja Cements, Adani Enterprises, Adani Total Gas, and ACC. Bajaj Group promoters earned around ₹1,645 crore in FY25, led by Bajaj Auto, which had the most generous per-share payout of ₹210. The family also benefited from dividends across other listed group companies Bajaj Holdings & Investments, Bajaj Finserv, Bajaj Electricals, Mukand, and Bajaj Finance. A surprise entrant in the dividend heavyweights' club was M A Moopen, promoter of Aster DM Healthcare, who earned ₹2,469 crore in FY25. With a 41.89% holding and a ₹118/share dividend, Aster turned out to be one of the year's most generous cash givers in the healthcare space. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
Mint
7 hours ago
- Business
- Mint
Sensex falls 375 points, Nifty 50 closes below 25,150— 10 key highlights from Indian stock market today
Indian stock market benchmarks- the Sensex and the Nifty 50- closed with losses on Thursday, July 17, on profit booking in select heavyweights, including Infosys, HDFC Bank and Reliance Industries. The Sensex fell 375 points, or 0.45 per cent, to end at 82,259.24, while the Nifty 50 settled at 25,111.45, down 101 points, or 0.40 per cent. (This is a developing story. Please check back for fresh updates.)
The Hindu
9 hours ago
- Business
- The Hindu
India can secure oil even if Russian imports sanctioned, says Oil Minister Puri
India is confident of meeting its oil needs from alternative sources if Russian supplies are hit by secondary sanctions, Oil Minister Hardeep Singh Puri said on Thursday (July 17, 2025). Earlier this week, U.S. President Donald Trump warned that countries purchasing Russian exports could face sanctions if Moscow fails to reach a peace agreement with Ukraine within 50 days. India should be able to deal with any problems with Russian imports by seeking supplies from other countries, Mr. Puri said. He noted there are many new suppliers coming into the market, such as Guyana, and there is supply from existing producers such as Brazil and Canada. Additionally, India is increasing exploration and production activities. "I'm not worried at all. If something happens, we'll deal with it," Mr. Puri said at an industry event in New Delhi. Diversified sources of supply "India has diversified the sources of supply and we have gone, I think, from about 27 countries that we used to buy from to about 40 countries now," he said. India's oil imports from Russia rose marginally in the first half of this year, with private refiners Reliance Industries and Nayara Energy making about half of the overall purchases from Moscow. Russia continued to be the top supplier to India, accounting for about 35% of India's overall supplies, followed by Iraq, Saudi Arabia, and United Arab Emirates, the data showed. In case Russian supplies are hit, Indian Oil Corp will "go back to the same template (of supplies) as was used pre-Ukraine crisis when Russian supplies to India were below 2%," company Chairman A.S. Sahney told reporters at the event.
