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, 1 month ago
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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 day 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 week 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, 3 weeks ago
Markets gained for the fourth straight session with Nifty settling above the 8,150 levels comfortably supported by sustained buying across the board especially the index heavyweights like RIL, Infosys and HDFC. Above-normal monsoon forecast, better than expected Q4 numbers and strength in rupee bolstered the rally. The S&P BSE Sensex soared 287 points to end at 26,653 and Nifty50 surged 87 points to end at 8,157. Nifty50 closed at highest mark since Oct 29, 2015. In broader markets, ...Rediff.com, 2 months ago
The S&P BSE Sensex slipped 305 points to end at 25,400 and the Nifty50 dropped 87 points at 7,783. Markets suffered losses after likelihood of an interest rate hike by the US Federal Reserve in the month of June resurfaced. A win for the BJP in Assam failed to uplift the mood on the street as downfall in the global equities amid decline in the crude oil prices dampened sentiments. The rupee plummeted 27 paise against the US dollar to 67.24 owing to appreciation of the American ...Rediff.com, 2 months ago Sensex vaults 460 points as prospects of Fed rate hike wane Rediff.com, 2 months ago
Markets snapped three day losing spell on account of value buying in the beaten down bluechips at attractive valuations. Meanwhile, firm trend across the European peers and rise in the crude oil prices buoyed the sentiments. The S&P BSE Sensex surged 160 points to close at 25,262 and Nifty50 climbed 29 points to end at 7,736. "7,700 holds on Nifty, yet again and if the global markets support, we believe that the indices could find a short term support. "The key sector to watch though is ...Rediff.com, 2 months ago
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