The broader market outperformed with the S&P BSE Midcap down 0.3%, while the S&P BSE Smallcap was little changed. Benchmarks indices settled the day lower with the Nifty breaking 9,050 level dragged by fall in IT and pharma stocks on strong rupee. A weak monsoon forecast also affected the sentiment. Skymet Weather predicted that monsoon 2017 would be below normal with error margin of plus and minus 5%. The S&P BSE Sensex settled the day at 29,237, down 184 points, while the broader ... Rediff.com, 3 days ago
What was the fraud? Why did Sebi drag its feet on the order? What options does RIL have now? Samie Modak explains these and more. Market regulator Securities and Exchange Board of India (Sebi) on Friday passed an order against Reliance Industries, the country's second most valuable firm, asking it to disgorge Rs 447 crore (rs 4.47 billion) made illegally, along with interest of 12 per cent per annum since November 2007. We explain the various aspects of the case: What is the alleged fraud by ...Rediff.com, 3 days ago
Experts say going ahead data price will fall further due to competition Developments related to Reliance Jio’s freebies and the new rates effective April 1, 2017, possibility of the Vodafone-Idea Cellular merger, and Bharti Airtel’s acquisition of Telenor India have kept the telecom stocks buzzing over the past few months. While the S&P BSE Sensex has gained around 12 per cent from its recent low in December 2016, the S&P BSE telecom index has rallied nearly 24 per cent ...Rediff.com, 1 month ago Beyond price and data war: There are other nightmares Reliance Jio could create for its competition DNA, 3 weeks ago
RIL has denied knowingly producing any gas from the ONGC block. There has been much comment over the $1.55 billion demand made by the petroleum ministry on Reliance Industries and its partners, BP and Niko Resources, for alleged unfair enrichment through gas migration from an adjoining Oil and Natural Gas Corporation (ONGC) block in the Krishna-Godavari basin. The reports of large amounts of gas seeping into RIL’s block for over seven years led to the matter reaching the ...Rediff.com, 2 months ago
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