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, 3 weeks ago
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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 week 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 week 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, 2 weeks 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, 2 weeks 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, 3 weeks 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, 1 month ago
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, 2 months ago
The Prime Minister and and President gracing ads for Reliance Jio and Bandhan Bank have put the spotlight on this trend. Newspaper readers were in for a complete surprise earlier this month when the face of the Prime Minister of India Narendra Modi stared at them via front-page ads for Jio, Reliance Industries’ telecom service. For an audience otherwise used to the PM appearing in ads for his party or when his government has an initiative to launch or message to convey, ...Rediff.com, 1 week ago
Adani is the fastest growing energy company in Asia-Pacific and the second fastest in the world Reliance Industries has been ranked 8th among top 10 global oil companies, according to a new survey released on Thursday. In 2015, RIL was ranked 14th among the top global energy business by a survey conducted by Platts. According to the Platts Top 250 Global Energy Company Rankings 2016, refiners Indian Oil Corporation and Hindustan Petroleum Corp Ltd moved to 14th from 66th and to 48th from ...Rediff.com, 2 weeks ago
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