Over the past few years, RIL has defined refining and petrochemicals as its core business. The firm has also undertaken lined up capital expenditure of $15 billion, of which $10 billion has been invested. The sharp drop in oil prices has taken the shine off the oil & gas sector. Despite this, Reliance Industries (RIL) is in focus again, as refining margins have shot up in the March quarter. The Street expects lower earnings from its shale business to be offset by the sharp uptick in ... Rediff.com, 2 weeks ago
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Benchmark indices closed higher for third straight session with Nifty hitting 9,000 mark in intra-day trades. Gains were led by sustained buying in IT and pharma shares with index heavyweight Reliance Industries contributing the most after CLSA said that the company’s refining margins may rise to a six-year high. The 30-share Sensex ended higher by 134.59 points at 29,593.73 and the 50-share Nifty gained 39.50 points at 8,996.25. Nifty hit its record high of 9,008.40 for the first time ...Rediff.com, 3 weeks ago Sensex slumps 855 points; 7th worst single-day fall in history Rediff.com, 2 months ago Sensex ends flat on 1st day of 2015; RIL, ITC slump Rediff.com, 2 months ago Sensex marks lowest close in 10 weeks; power trips, IT, auto up Rediff.com, 2 days ago
Anil Ambani will take over as the chairman of Pipavav Defence with full management control Anil Ambani’s Reliance Defence Systems alongwith Reliance Infrastructure is all set to make a big bang entry into the defence sector by acquiring Pipavav Defence, one of India’s biggest private sector shipyard based in Pipavav in Gujarat in an all-cash deal. According to an official press release of the Reliance Group, Anil Ambani will take over as the chairman of Pipavav Defence with full ...Rediff.com, 3 weeks ago
Markets snapped seven day winning streak on sustained selling in energy and IT shares with Reliance contributing the most to the decline after one of its employees was arrested by the Delhi Police for illegally sourcing government documents. Further, caution prevailed across the bourses ahead of the Union Budget to be presented in the forthcoming week. The Sensex ended 231 points lower at 29,231 whereas the Nifty slipped 62 points to close at 8,834. However, BSE Midcap index ended flat while ...Rediff.com, 1 month ago
RIL said it had launched an probe into the detention of its employee, adding no information from the ministry was of commercial consequence to the firm The Union government on Thursday cracked down on illegal information leaks from the petroleum and natural gas ministry. Delhi Police detained two employees of the ministry and three others for allegedly leaking confidential information. One of them is an employee of Reliance Industries Ltd. A clerical staff and a peon in the ministry were ...Rediff.com, 1 month ago
Delhi’s Aam Aadmi Party government to be sworn in on Saturday will pursue allegations of corruption against ex-chief minister Sheila Dikshit and industrialist Mukesh Ambani and others, Deputy Chief Minister-designate Manish Sisodia said. All the cases that were registered last year during Kejriwal government’s 49-day stint “will be pursued”, he said. Sisodia, who had been asked whether the FIRs lodged by the AAP government last year against Mukesh Ambani, the then ...Rediff.com, 1 month ago
Keshav Joshi’s tongue in cheek look at Narendra Modi’s mega plans. Those who are talking and debating Narendra Modi’s ‘dream’ of growing Indian economy tenfold should know that it is not for the first time that he uttered ’20 trillion’! Last week at Global Economic Summit, Modi asked captains of the industry to dream of $20 trillion economy for India as against $2 trillion today. Before getting into details of his ‘20 trillion’ story, ...Rediff.com, 2 months ago
US investors received the majority of the notes at 44 per cent, while Asia took 31 per cent while the remainder went to European buyers. Reliance Industries has raised $1 billion in debt through a 10 year bond issue at an interest rates considered lowest in Asia and with almost no new-issue premium. "The Notes will be denominated in US dollars, and will bear fixed interest of 4.125 per cent per annum, with interest payable semi-annually in arrears," RIL said, adding the funds will be utilised ...Rediff.com, 2 months ago
ONGC has suffered a loss of over Rs 30,000 crore (Rs 300 billion) due to alleged siphoning off of natural gas by Reliance Industries Ltd (RIL) from the PSU's well in Krishna-Godavari (KG) basin and appointment of an experts body on the issue "will not help", the state-run oil firm said. Making this submission before the Delhi High Court, the Oil and Natural Gas Corporation (ONGC) also asked as to where it would go for restitution if such a panel established that around 18 billion cubic metres ...Rediff.com, 2 months ago
In choppy trade, the BSE index opened better but dropped to a low of 28,435.45 on profit-booking. However, it quickly bounced back to hit a high of 28,784.35 and settled for the day at 28,736.38 -- a gain of 298.67 points, or 1.05 percent. The surge comes ...Jagran Post, 1 week ago
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