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, 1 month ago
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Profit taking in index heavweights RIL and HDFC weighed on sentiment while ICICI Bank surged 7% Benchmark share indices ended lower on Monday, amid weak global cues, as investors turned cautious post the earnings from IT majors TCS and Infosys. The S&P BSE Sensex ended down 27 points at 27,700 and the Nifty50 closed 8 points lower 8,576. In the broader market, the BSE Midcap and Smallcap indices ended down 0.5%-1% each. Market breadth ended weak with 1496 losers and 1306 gainers on the ...Rediff.com, 1 week ago
'We want to create more convenience to consumers. Good practices by all stakehoders are necessary. They have to create a good business model so that consumer will be at convenience.' Immediately after taking charge as the Union petroleum minister in May 2014, Dharmendra Pradhan, bottom, left, had to deal with one of the trickiest of issues in the sector. State-owned Oil and Natural Gas Corporation had alleged Reliance Industries Ltd (RIL) had unfairly produced its share of natural gas in the ...Rediff.com, 3 weeks ago
In the broader markets, BSE Midcap index slipped 0.3% whereas the BSE Smallcap index inched up by 0.2% Benchmark indices ended higher, amid choppy trades, after weak US data dimmed prospects of an interest rate increase by the Federal Reserve next week. Besides, India's trade deficit declined sharply to 38.1% to $7.67 billion in August 2016 from $12.39 billion in August 2015. Exports fell 0.3% to $21.52 billion in August 2016 over August 2015. Imports fell 14.09% to $29.19 billion in August ...Rediff.com, 1 month ago Markets dive for second straight day; Sensex falls 115 points, Midcaps drop 0.6% Rediff.com, 2 weeks ago
Dispute resolution provisions in the production sharing contract remained unimplemented, while the regulator faltered, points out Jyoti Mukul. While the Ajith Prakash Shah Committee report on migration of natural gas from Oil and Natural Gas Corporation (ONGC)’s block in the Krishna-Godavari basin to the adjacent field owned by Reliance Industries Ltd (RIL) helped in resolving the dispute partially, it also flagged the lack of regulatory mechanism in the high-stake upstream sector. The ...Rediff.com, 1 month ago
Indians prefer to buy electronic products such as smartphones offline. The reason being the ability to “touch and feel” Apple, among the world’s most-valuable tech companies, and Reliance Industries (RIL), India’s second-largest conglomerate, are looking at widening their distribution tie-up ahead of the iPhone 7 launch in the country next month. The move is significant since an arrangement such as this has never been seen in the domestic consumer electronics market, ...Rediff.com, 1 month ago
RJio’s aggressive plans will lead to significant impact on listed companies in this space, says Devangshu Datta. Reliance Industries (RIL) has been looking to enter the telecommunication service business for many years. The open commercial launch of services from Reliance Jio (RJio) finally took place after multiple vicissitudes. The launch itself has been preceded by a lot of acrimony, with other established telecom operators throwing accusations at Jio, and even at the Telecom ...Rediff.com, 1 month ago
The committee said whatever benefit RIL received in terms of the migrated gas is liable to be returned to the government. The A P Shah committee on Wednesday asked the government to claim “restitution” from Reliance Industries (RIL) for “the unjust benefit” it received from the migration of gas from state-run Oil and Natural Gas Corporation’s (ONGC) block in the Krishna-Godavari basin to the adjacent fields owned by the Mukesh Ambani-led company. However, it states ...Rediff.com, 1 month ago
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 months ago
Indian stocks tumbled like nine pins on Thursday, with benchmark Sensex plunging over 439 points to close at a three-month low of 27,643.11 after a slew of global factors such as weak Chinese export data and Fed rate hike talks unnerved investors. Besides, a caution ahead of retail inflation numbers -- to be released after market hours -- and key quarterly results also influenced trading sentiment in domestic markets. Shares of finance, telecom, banking, realty, utilities and industrials ...Rediff.com, 1 week ago
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