Reliance (RELIANCE IS) halts cell-making plan after failed bid for China tech, Bloomberg reports
Newsquawk Staff ·
Reliance (RELIANCE IS) halts cell-making plan after failed bid for China tech, Bloomberg reports.
What it means
Reliance's decision to halt its cell-making plan following an unsuccessful bid for Chinese technology signals potential strategic shifts or obstacles in its growth strategy. This development may raise concerns among investors regarding future innovation and expansion capabilities, affecting market sentiment around Reliance's stock and possibly drawing attention from peers who may see opportunities or challenges in the region.
- State Bank of India (SBIN IS) Q2 2026 (INR): Net Income 230.4bln (exp. 226.2bln)
- Chinese regulators have reportedly told banks to pause IPOs and large share sales to bolster markets, FT reports citing sources
- PRE-MARKET INDIAN STOCKS NEWS: Earnings from Container Corp. of India, ITC, National Aluminium Co, and Petronet
- PRE-MARKET CHINESE STOCKS NEWS: Chinese authorities have launched a renewed effort to stabilise the country's struggling stock market
- LG Energy Solution (373220 KS) final Q3 (KRW) net loss 296.9bln (prev. profit 536bln Y/Y), oper. profit 756.0bln (prelim. 756bln), rev. 9.64tln (prelim. 9.64tln), raises FY26 rev. growth outlook to '35%-40%' from 'mid-teens to 20% range'
Related headlines
- PRE-MARKET SOUTH KOREAN STOCKS NEWS: Hyundai Motor (005380 KS) October vehicle sales fell 6.3% Y/Y to 329,773 units, Kia (000270 KS) October vehicle sales rose 10.3% Y/Y to 291,219 units6 days ago
- PRE-MARKET AUSTRALIAN STOCKS NEWS: RBA rate decision in focus6 days ago
- Samsung Electronics (005930 KS) has reportedly told customers that it will entirely exit the eight-inch foundry business in 2030, The Elec reports6 days ago
- S-Oil Corp (010950 KS) Q3 (KRW) net 1.44tln (prev. 871.9bln Y/Y), rev. 11.97tln (exp. 11.16tln)6 days ago
- Sumitomo Corp (8053 JT) H1 (JPY) net 347.9bln (prev. 301.2bln Y/Y), rev. 3.92tln (prev. 3.54tln Y/Y)6 days ago
- PRE-MARKET INDIAN STOCKS NEWS: Earnings deluge including Bharat Electronics, Indian Oil Corp, Sun Pharmaceuticals, Reliance Industries & Jio Platforms6 days ago
- PRE-MARKET CHINESE STOCKS NEWS: Chinese big banks reported earnings growth, Official PMIs disappointed, PBoC will meet with the NFRA, CSRC and major banks on Monday to discuss measures to support the capital market6 days ago
- PRE-MARKET TAIWAN AND SINGAPORE STOCKS NEWS: ASE Technology Holding (3711 TT) raised its annual capex budget6 days ago
- PRE-MARKET JAPANESE AND SOUTH KOREAN STOCKS NEWS: Kioxia Holdings (285A JT) expects October-December 2026 net profit to rise 15-fold Y/Y to JPY 1.36tln7 days ago
- PRE-MARKET AUSTRALIAN STOCKS NEWS: Westpac (WBC AT) FY (AUD) net fell 1% Y/Y to 6.81bln, rev. rose 1% Y/Y to 22.6bln7 days ago
- Reliance (RIL IS) Q2 2026 (INR): Net 255.5bln (exp. 213bln)Oct 30
- CXMT (688825 CH) Q3 2026 (CNY): Revenue 118bln, +613% Y/Y. Buying back CNY 1-2bln of shares.Oct 30
- Kioxia Holdings (285A JT) Q2 2026 (JPY): Net Profit 1.356tln (exp. 1.36tln, prev. 40.66bln Y/Y), Revenue 2.480tln (prev. 448.35bln Y/Y). Guides Q3 operating profit of JPY 2.00tln (exp. 2.35tln)Oct 30
- China Construction Bank (939 HK) - Q3 2026 (CNY): Net Profit 104.66bln (prev. 95.28bln Y/Y), Operating Income 197.23bln (prev. 174.38bln Y/Y), NII 159.45bln (prev. 140.90bln Y/Y)Oct 30
- Bank of China (3988 HK) Q3 2026 (CNY): Net income 63.89bln, +6.4% Y/YOct 30