RIL is also set to file its tariff plans, which will mark the company’s intent to commercialise Jio’s operations, with the regulator this week Reliance Industries shareholders can expect a breakout message from chairman Mukesh Ambani at the annual general meeting this Wednesday. Ambani, sources in the company said, would lay out a detailed road map on commercialisation of two of its key projects worth $50 billion (about Rs 330,000 crore). The two projects are petcoke gasification ... Rediff.com, 2 days ago
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Index heavyweights ITC was the top gainer along with RIL and HDFC The benchmark Sensex snapped a two-day losing streak, amid a choppy trading session, on renewed buying interest in index heavyweights led by ITC. The S&P BSE Sensex ended up 85 points at 27,860 and the Nifty50 settled 17 points higher at 8,592. In the broader market, the BSE Midcap and Smallcap indices ended flat with mixed bias. Market breadth ended weak with 1506 losers and 1175 gainers on the BSE. "Markets taking a ...Rediff.com, 2 weeks ago
Net worth of Reliance Gas erodes by Rs 1,900 crore; port, power firms report lower profits Mukesh Ambani’s private companies, operating in the gas transport, power and port sectors, moved into the slow lane in financial year 2015-16 (FY16). This was mainly because of a slowdown in gas production in the Krishna Godavari basin, and increased provisions for redemption of preference shares and debentures. According to statistics submitted to stock exchanges, Reliance Gas Transportation ...Rediff.com, 2 months ago
In spite of the high number of exits, Reliance group firms of both brothers continue to be darlings of small investors The banking sector’s troubles don’t seem to have put off retail investors. Between June 30, 2015, and June 30, 2016, the State Bank of India (SBI) stock lost nearly 17 per cent. Yet, it added 292,000 new retail investors. As of June-end, 1.57 million small shareholders hold the stock - up from 1.28 million the previous year. While SBI topped a list of 1,517 the ...Rediff.com, 3 days ago
The idea that technology and startups with newer business models will not disrupt traditional businesses has been thrown out the window. The participation of large Indian corporates in providing financial backing to startups is growing, and while only firms such as Infosys and Wipro have set up dedicated startup funds, others are tracking disruptive technologies in their own sectors with clearance from their boards to sink money into startups if needed. Majority of Indian companies track ...Rediff.com, 6 days ago
Ten of top 15 companies in 1991 were PSUs; now, there are only six. Their revenue share has also fallen from 86% to 45% In 1991, the roll call of the country’s top corporates reflected the government control over the commanding heights of the economy. In 1990-91, 10 of the top 15 companies by revenue were public sector undertakings (PSUs), together accounting for 86 per cent of the combined revenue of the 15 biggest companies that year. After the changes unleashed by the liberalisation ...Rediff.com, 1 month ago
Delhi Development Authority's land deal to Reliance Industries throws up larger issues of governance, says Laveesh Bhandari. Based on a PIL filed by The Citizens Alliance, a Delhi-based civil action group, the Delhi High Court recently acknowledged that there was a problem with the use of a large piece of land auctioned by the Delhi Development Authority (DDA), and bought by Reliance Industries Limited, for the purposes of a massive commercial centre (the word “mall” does ...Rediff.com, 1 month ago
Indian Oil Corp is ranked highest at 161st in the Fortune 500 list. IMAGE: Indian Oil Corp is ranked highest among Indian companies. Photograph: Reuters Seven Indian companies have made it to the latest Fortune 500 list of the world's biggest corporations in terms of revenue with the retail giant Walmart topping the global rankings. Indian Oil Corp is ranked highest at 161st in the list, while another state-run firm ONGC has moved out of the rankings for 2016. Private gems ...Rediff.com, 1 month ago
Markets finished the session on a lower note with Indices snapping the six day winning streak after investors booked profits at higher and attractive levels. Also, weakness among global peers and dismal June services sector PMI data dampened investors’ sentiment. The S&P BSE Sensex shed 112 points to close at 27,167 and the Nifty50 dropped 35 points to finish at 8,336. Among broader markets, BSE Midcap and Smallcap indices slipped 0.2% each. Anand James, Chief Market ...Rediff.com, 1 month ago
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