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, 3 weeks ago
Jio’s 100-million subscribers target appears an uphill task in the next one month, believe analysts. Also, the existing subscribers are already witnessing slowdown in data speed thanks to the high traffic. Reliance Industries’ move to extend the free services of its telecom venture Reliance Jio till March 31, 2017, was largely on expected lines. This means the capitalisation of Jio’s losses and its break-even will be pushed further forward. Notably, clarity on the ...Rediff.com, 2 months ago
An expectation of tax sops in Budget, weakness of dollar and robust tax collection are adding positive sentiment Benchmark indices settled the last trading session of 2016 over 1% higher to post a yearly gain as they recover from the recent losses tracking various local and global cues. Nifty gained around 300 points in the last 4 sessions but failed to end the year above 8,200 in 2016 . On the other hand, Sensex rose as much as 308 points today to settle the year 544 points higher. The S&P ...Rediff.com, 1 month ago
Broader markets underperformed indices with BSE Midcap down 0.43% while the Smallcap index fell 0.07%. Benchmark indices settled the day on a positive note as investors keenly wait for the Federal Reserve’s rate hike decision due Wednesday night. Sensex rose as much as 194 points during the day led by gains in Tata Motors, Adani Ports, Axis Bank, Wipro, and RIL while Nifty50 reclaimed its 8,200 levels. S&P BSE Sensex ended the day at 26,697, up 183 points, while the broader Nifty50 ...Rediff.com, 2 months ago
Nifty saw the biggest weekly gain since the first week of September and comfortably maintained its crucial 8250 levels in today's session Benchmark indices settled on a flat note tracking mixed cues from global peers after ECB unexpectedly reduced its monthly asset buys but pledged to keep its quantitative easing (QE) programme beyond 2017, if needed. Nifty saw the biggest weekly gain since the first week of September and comfortably maintained its crucial 8250 levels in today’s session.Rediff.com, 2 months ago
HSBC maintained overweight rating on Indian equities, saying fundamentals are strong Benchmark indices extended gains and ended firm for four straight trading sessions supported by strong global cues on upbeat US growth news while buying among rate-sensitive sectors also aided the rally. The S&P BSE Sensex settled the day at 26,653, up 259 points, while the broader Nity50 closed at 8,225, up 82 points. Broader markets performed well in tandem with the benchmark indices. BSE Mid-Cap index ...Rediff.com, 2 months ago
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