RIL calls off acquisition of Bharti AXA
November 25th, 2011 - 8:43 pm ICT by IANS
Mumbai, Nov 25 (IANS) Mukesh Ambani led-Reliance Industries (RIL) Friday said it has called off the proposed acquisition of Bharti Group's 74 percent stake in Bharti AXA insurance companies.Bharti Enterprises, ... Read more...
Posted in Business |
Reliance, BP form joint venture for gas business
November 18th, 2011 - 8:15 pm ICT by IANS
Mumbai, Nov 18 (IANS) Mukesh Ambani-led Reliance Industries (RIL) and global energy major BP Friday incorporated their joint venture (JV) company -- India Gas Solutions --which will focus on sourcing ... Read more...
Posted in Business |
R-Com confirms broadband talks with Reliance Industries
November 14th, 2011 - 6:36 pm ICT by IANS
New Delhi, Nov 14 (IANS) Reliance Communications confirmed talks Monday to lease out its telecom infrastructure to Reliance Industries which plans to offer broadband services in the country from mid-2012."If ... Read more...
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Indian economy a stabilising force: Anand Sharma
November 13th, 2011 - 7:36 pm ICT by IANS
Mumbai, Nov 13 (IANS) Emphasising that the Indian economy has been a stabilising force even as the world grapples with economic crises, union Commerce and Industry Minister Anand Sharma Sunday ... Read more...
Posted in Business |
Infotel Broadband acquires stake in e-learning firm
November 8th, 2011 - 10:01 pm ICT by IANS
New Delhi, Nov 8 (IANS) As it nears the launch of its broadband wireless access services in the country, Infotel Broadband, a subsidiary of Reliance Industries, Tuesday said that it ... Read more...
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Niira Radia shuts down public relation firms Vaishnavi, Neucom
October 30th, 2011 - 7:48 pm ICT by IANS
New Delhi, Oct 30 (IANS) Niira Radia, the high profile public relations consultant who was alleged to have lobbied hard for a second stint for former Telecom Minister A. Raja's ... Read more...
Posted in Business |
For agri help, 20 million farmers to dial in
October 28th, 2011 - 4:24 pm ICT by IANS
Agartala, Oct 28 (IANS) Thanks to the mobile phone revolution in India, 20 million farmers will be covered by 2017 through SMSs and the Integrated Voice Response System (IVRS) to ... Read more...
Posted in Sci-Tech |
India’s richest lost 20 percent of wealth: Forbes
October 27th, 2011 - 1:26 pm ICT by IANS
New York, Oct 27 (IANS) Despite the Indian economy growing at over 7.5 percent the top 100 rich in the country lost 20 percent of their wealth, which was down ... Read more...
Posted in Business |
Reliance Industries net profit rises 15.8 percent
October 15th, 2011 - 6:32 pm ICT by IANS
Mumbai, Oct 15 (IANS) Mukesh Ambani-led Reliance Industries Saturday said its net profit for the quarter ended Sep 30 had risen 15.8 percent at Rs.5,703 crore compared to Rs.4,923 crore ... Read more...
Posted in Business |
Mergers and acquisitions drop 41.5 percent in 9 months
October 7th, 2011 - 7:44 pm ICT by IANS
New Delhi, Oct 7 (IANS) Mergers and acquisitions (M&A;) in India have slumped by 41.5 percent to $26.8 billion during the first nine months of 2011 as rising interest ... Read more...
Posted in Business |
Indian bourses rebound on valuations, global cues (Weekly market review)
October 1st, 2011 - 4:53 pm ICT by IANS
Mumbai, Oct 1 (IANS) The Indian equities markets benchmark indices rebounded nearly two percent this week after slumping almost five percent the previous week as traders covered their short ... Read more...
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Sensex closes 244 points down, manages 1.8 percent in weekly gains
September 30th, 2011 - 6:29 pm ICT by IANS
Mumbai, Sep 30 (IANS) Traders chose to book profits after a recent rally, pushing a benchmark index for Indian equities 244 points lower Friday. The wide-spread selling saw metal, ... Read more...
Posted in Business |
BP expects Krishna Godavari gas output to rise
September 28th, 2011 - 4:46 pm ICT by IANS
New Delhi, Sep 28 (IANS) Global energy major - and Reliance Industries (RIL) partner - BP Wednesday said it expects gas output from the Krishna Godavari basin to rise in ... Read more...
Posted in Business |
Pune FC-Blackburn Rovers clash set for Oct 7
September 26th, 2011 - 4:31 pm ICT by IANS
Pune, Sep 26 (IANS) The friendly match between Pune FC and English premiership football club Blackburn Rovers, which was postponed due to blasts in Mumbai, will now be held here ... Read more...
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Sensex closes 356 points higher, led by RIL, Infosys
September 20th, 2011 - 6:45 pm ICT by IANS
Mumbai, Sep 20 (IANS) A benchmark index for the Indian equities markets rallied Tuesday to close almost 356 points higher and above the 17,000-mark, led by gains in heavyweight ... Read more...
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Varun questions BJP ’silence’ on CAG’s Reliance report
September 10th, 2011 - 12:42 am ICT by IANS
New Delhi, Sep 9 (IANS) Bharatiya Janata Party (BJP) MP Varun Gandhi Friday questioned his party's "silence" on the Comptroller and Auditor General (CAG) report "indicting" Reliance Industries Ltd ... Read more...
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RIL denies wrong-doing in production sharing contract (Lead)
September 8th, 2011 - 8:20 pm ICT by IANS
Mumbai, Sep 8 (IANS) Mukesh Ambani-led Reliance Industries (RIL) Thursday denied any wrong-doing in the production sharing contract with the government related to the Krishna Godavari basin and said it ... Read more...
Posted in Business |
Reliance Industries violated gas contract: Auditor
September 8th, 2011 - 5:09 pm ICT by IANS
New Delhi, Sep 8 (IANS) Mukesh Ambani-led Reliance Industries violated the agreement to share gas produced in the Krishna-Godavari basin and failed to part with the government's due share ... Read more...
Posted in Business |
Reliance Industries scrip falls on CAG’s criticism
September 8th, 2011 - 3:22 pm ICT by IANS
Mumbai, Sep 8 (IANS) After the nation's official auditor accused it of violating production sharing contracts Thursday, the Reliance Industries (RIL) scrip fell 2.12 percent in intra-day trade at ... Read more...
Posted in Business |
Sensex rises 149 points on positive European cues
September 6th, 2011 - 7:22 pm ICT by IANS
Mumbai, Sep 6 (IANS) A benchmark index for Indian equities markets closed 149 points higher in a volatile session Tuesday led by good buying support in energy and IT ... Read more...
Posted in Business |
‘Premature’ plea against RIL’s exploration licence rejected (Lead)
September 5th, 2011 - 9:42 pm ICT by IANS
New Delhi, Sep 5 (IANS) Terming it a "premature petition", the Delhi High Court Monday disposed off a plea seeking cancellation of a licence granted to Mukesh Ambani's Reliance Industries ... Read more...
Posted in Business |
Sensex closes higher for third straight session
September 2nd, 2011 - 6:55 pm ICT by IANS
Mumbai, Sep 2 (IANS) A benchmark index for Indian equities markets Friday closed 144 points higher Friday, its third straight rise as traders bought into heavyweight stocks including Reliance ... Read more...
Posted in Business |
4G, 3G to grow parallelly in India: Ericsson
September 1st, 2011 - 10:28 pm ICT by IANS
New Delhi, Sep 1 (IANS) Swedish telecom equipment manufacturer Ericsson Thursday said that the fourth generation (4G) services for wireless communication will not effect the existing 3G services and the ... Read more...
Posted in Sci-Tech |
What tax will Reliance pay, apex court asks centre (Lead)
August 23rd, 2011 - 7:29 pm ICT by IANS
New Delhi, Aug 23 (IANS) The Supreme Court Tuesday asked the central government to specify whether Reliance Industries Limited (RIL) was liable to pay Central Sales Tax (CST) or ... Read more...
Posted in Business |
What tax will Reliance pay, Supreme Court asks centre
August 23rd, 2011 - 2:58 pm ICT by IANS
New Delhi, Aug 23 (IANS) The Supreme Court Tuesday asked the centre to specify whether Reliance Industries Limited (RIL) was liable to pay Central Sales Tax (CST) or the local ... Read more...
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Haldia Petrochemicals talking to RIL for market segregation
August 19th, 2011 - 7:44 pm ICT by IANS
Kolkata, Aug 19 (IANS) Haldia Petrochemicals Ltd (HPL) is trying to enhance its focus on the eastern market along with widening its product range by including low-density polyethylene (LDPE), said ... Read more...
Posted in Business |
State run firms become largest in terms of market capitalisation
August 19th, 2011 - 4:36 pm ICT by IANS
Mumbai, Aug 19 (IANS) State-run companies Coal India and ONGC Friday became the most valuable companies by market capitalisation, with the public-owned oil and gas major pushing Mukesh Ambani-led Reliance ... Read more...
Posted in Business |
Coal India topples RIL as most valuable firm
August 18th, 2011 - 5:51 pm ICT by IANS
Mumbai, Aug 18 (IANS) State-run miner Coal India has become the most valuable company in terms of market capitalisation, toppling Mukesh Ambani-led Reliance Industries (RIL).According to data available with the ... Read more...
Posted in Business |
East India Hotels plans tie-up with RIL
August 10th, 2011 - 12:14 am ICT by IANS
Kolkata, Aug 09 (IANS) Hospitality major East India Hotels, the flagship company of the over Rs.1,100 crore Oberoi Group, plans to tie up with the Mukesh Ambani-led Reliance Industries to ... Read more...
Posted in Business |
Reliance gets approval for $7.2 billion BP deal
August 9th, 2011 - 2:50 pm ICT by IANS
New Delhi, Aug 9 (IANS) Reliance Industries Ltd (RIL) Tuesday said it had received the government's approval for a $7.2 billion deal with global energy major BP, which will see ... Read more...
Posted in Business |
KG basin gas output 31 percent lower
August 2nd, 2011 - 8:59 pm ICT by IANS
New Delhi, Aug 2 (IANS) The government Tuesday said the average gas production in the Reliance Industries-operated oil and gas blocks in the Krishna Godavari basin during April-June was 31 ... Read more...
Posted in Business |
RIL profit up 16.7 percent in April-June quarter
July 25th, 2011 - 7:31 pm ICT by IANS
Mumbai, July 25 (IANS) Mukesh Ambani-led Reliance Industries Ltd (RIL) Monday said its net profit rose 16.69 percent to Rs.5,661 crore in the first quarter of current fiscal from Rs.4,851 ... Read more...
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Government gives nod for Reliance Industries-BP deal
July 22nd, 2011 - 8:28 pm ICT by IANS
New Delhi, July 22 (IANS) The central government Friday gave its go-ahead to global energy major BP buying 30 percent stake in some of the oil and gas blocks held ... Read more...
Posted in Business |
Sensex snaps out of three-week rally on profit booking (Weekly market review)
July 16th, 2011 - 2:15 pm ICT by IANS
Mumbai, July 16 (IANS) Benchmark indices of Indian equities markets snapped a three-week rally to end over a percent lower this week as traders booked profits across the market ... Read more...
Posted in Business |
PNB to finalise life insurance joint venture
July 7th, 2011 - 12:27 am ICT by IANS
Chennai, July 6 (IANS) Public sector Punjab National Bank (PNB) is likely to firm up its life insurance foray by this September, said a top official here Wednesday."We are ... Read more...
Posted in Business |