However, lender says it has acted totally within regulations; says its board of directors okayed 'the said excess in respect of this exposure' Leading private sector lender HDFC Bank has “exceeded” the single-borrower limits prescribed by Reserve Bank of India (RBI) in case of its credit exposure to corporate giant Reliance Industries (RIL). The bank, however, said its board of directors approved “the said excess in respect of this exposure” and it was within the 20 per ... Rediff.com, 1 day ago
2 images for "ril rsquo"
Markets ended higher led by index heavyweights even as auto shares were the top gainers. Benchmark share indices ended higher on Monday, shrugging off weak European cues, amid buying in index heavyweights even as auto shares emerged as the top gainers. The 30-share Sensex ended up 161 points at 26,587 and the 50-share Nifty ended up 31 points at 8014. The rupee was trading marginally lowe at 64.09 to the US dollar compared to its previous close of 64.06. Experts views “The ...Rediff.com, 2 weeks ago Markets end flat amid volatility; bluechips put up a good show Rediff.com, 3 weeks ago Sensex at six-week closing high; RIL, L&T top gainers Rediff.com, 2 months ago Sensex maintains winning streak, up 200 points; bluechips gain Rediff.com, 1 week ago
The billionaire industrialist also unveiled a roadmap focused on adding capacity in core businesses Reliance Industries will begin commercial operations of its much-awaited 4G telecom services by December, while it plans to complete projects worth over Rs 2 lakh crore (Rs 2 trillion) in the core oil and petrochemical businesses over the next 12-18 months, Chairman Mukesh Ambani said on Friday. Looking to reap full benefits of these investments from the financial year 2016-17 onwards, ...Rediff.com, 2 weeks ago Mukesh Ambani's salary capped at Rs 15 cr Rediff.com, 1 month ago
Stake valued at $4 billion, against initial expectation of $4.5 billion India’s largest corporate entity, Reliance Industries Ltd (RIL), is set to sell its 45 per cent stake in a shale gas joint venture with Pioneer Natural Resources at Eagle Ford, US, by next week at a far lower valuation than its initial expectation of $4.5 billion. The drop in valuation is largely due to the fall in prices of crude oil since the sale process began last year, as well as concern about damage to the ...Rediff.com, 1 month ago
Auto maker reported higher net sales than RIL in March quarter Tata Motors has closed the revenue gap with Reliance Industries Ltd. While RIL remains the country’s largest private sector company by revenue (including other income), Tata Motors topped the chart by core revenue (net sales) in the fourth quarter ended March. The country’s top automobile maker reported net sales of Rs 67,576 crore (Rs 675.76 billion) in the quarter, against RIL’s consolidated net sales of Rs ...Rediff.com, 1 month ago
The formidable technological challenges of building a broadband wireless network, spread across 5,000 cities and towns, will test even Reliance, notes Indrajit Gupta. It may not be long before India’s telecom market is shaken up by the launch of Reliance Industries’ 4G wireless broadband service. No one is quite sure when the soft launch is likely, but one thing is certain: there will be plenty of hoopla and hype as the launch date draws near. The project is being watched around the ...Rediff.com, 1 month ago
100-odd firms see first net profit decline in eight quarters, sales down 15.6% YoY If morning shows the day, India Inc’s overall earnings for the March quarter are turning out to be a washout, despite a few large companies like Reliance Industries Ltd reporting better profits. About 100 firms that have declared their March-quarter results so far, across sectors, have reported a combined 9.2 per cent year-on-year net profit decline to Rs 28,284 crore (Rs 282.84 billion), and a 15.6 ...Rediff.com, 2 months ago
Reliance Industries' credit metrics will improve over the next two years on completion of petrochemical and refinery projects, Moody's said today. According to a Moody's Investors Service report, high refining margins boosted RIL's January-March earnings and ‘credit metrics to improve on completion of projects over next two years.’ The projects are petcoke gasification plant at its refinery, refinery off-gas cracker in petrochemicals, polyester/aromatics capacity expansion and ...Rediff.com, 2 months ago
Supreme Court to hear both parties on May 1. The government on Monday filed an affidavit in the Supreme Court, stating its differences with Reliance Industries over pricing of natural gas from the company’s KG-D6 block were not open to arbitration. Government guidelines issued in October 2014 ruled out arbitration over pricing of natural gas produced in India, the affidavit stated, and, therefore, Reliance Industries’ plea for appointing an umpire for the arbitrators’ panel in ...Rediff.com, 2 months ago
The RIL subsidiary had last year announced that it would launch 4G services in a phased manner this year. "RJIL plans to provide seamless 4G services using LTE in 800MHz, 1800MHz and 2300MHz bands through an integrated ecosystem. Mobile Switching Centre Code ...Jagran Post, 2 months ago
on your WebpageAdd Widget >Get your members hooked!