Reliance Industries Ltd has informed the market today that the Directors have approved a strategic partnership with BP. This partnership involves formation of a 50:50 joint venture for sourcing and marketing of Gas in India and BP taking a 30% stake in 23 oil and gas production sharing contracts that Reliance operates in India.
Reliance is making head lines for almost a month on every Sunday and this Sunday its just between 2 of the ADAG's Concern , In order to cope up with the growing demands of the oil and natural gas that is needed for the power generation ADAG group and the Board as approved merger of RNRL with Reliance Power , The boards of Reliance Power (RPower) [...]
It almost 2 weeks or so when Ambani brothers called truce and kind of joined hands.The market was hitting right and left news from Reliance group of companies only , Yesterday the Reliance Communication has informed the market that the board of directors of Reliance Communications Ltd (RCom) has approved "in principle the induction of strategic/ [...]
This is the hot news on sunday Noon , that Mukesh and Anil has once again join hands , dont come to any conclusion its all good news only , Reliance Industries led by Mukesh D Ambani, and Reliance ADA Group companies, Reliance Communications, Reliance Infrastructure, Reliance Natural Resources, and Reliance Capital, led by Anil D Ambani, have [...]
Reliance Industries dint have a very good 2010 starting on the first day of the year the stock was in red all the time , the reason was that the Petroleum Trust sold approximately 258.50 lakh equity shares of the Company on January 04, 2010.Reliance Industrial Investments and Holdings Ltd, a wholly owned subsidiary of RIL, is the beneficiary of [...]
Reliance MediaWorks Ltd has informed the market that after getting approval from the Registrar of Companies, Maharashtra, Mumbai,which was applied on october 5th 2009 , finally they changed the company name Adlabs Films LTD to "Reliance MediaWorks Ltd".
Reliance Industries Ltd has informed the market that the Board of Directors on the meeting that was held on october 7th 2009 , where they came out with results , has given a diwali sweet of a Bonus Issue , they announced they are giving a Bonus of 1:1 and also a dividend of of Rs. 13 (Rupees thirteen only) per fully paid-up equity share of Rs. [...]
Reliance Energy IPO , Reliance Power Transmission IPO , Reliance Metro IPO Buzz created interest in the reliance infrastructure stock today , the stock went up by 5.71 percent or 63 rs today in bse.A top company executive was quoted by the media as saying that the company is not in a hurry, but will list a few entities when it grows to substantial [...]
Reliance Infratel Ltd, which is a subsidiary company promoted by Reliance Communications Ltd, a part of Reliance Anil Dhirubhai Ambani Group, said that its going to undertake an IPO of equity shares,they have informed that they have filed the DRHP for the same with SEBI again yesterday september 24th 2009 .The IPO proposed is for 15,60,00,000 [...]
Reliance Infratel IPO which we talked about a year back and which was hived off as the IPO market was looking very bad is now back on thew table , Reliance Infratel is planning a 10 % stake sale of equity through an IPO. 85 % of the stake of the company will remain with Reliance Communications.Please come back here to read more about reliance [...]
Reliance Industries Ltd (RIL) is almost down by 90 rs today , its because the company infromed the market that Petroleum Trust sold 1,50,00,000 equity shares of the Company on September 17, 2009. Reliance Industrial Investments and Holdings Ltd, a wholly owned subsidiary of RIL, is the sole beneficiary of the Trust and the sale was done on [...]
Reliance Petroleum merger with Reliance Industries has been approved today by the Mumbai high court and after the ruling reliance industries has issued a statement saying that they have set September 29th 2009 as the record date for the amalgamation which means , those who hold reliance petroleum shares as of that date will be eligible for the [...]
we already know that Reliance infrastucture is already part of the Mumbai Metro 1 Project and now asa copnsortium of Reliance Infrastructure , Reliance Communications, and Canada's SNC-Lavalin it has won the Mumbai Metro II project to link Navi Mumbai and Charkop and Mankhurd in suburban Mumbai.this project is 32 kilometre Metro-II line from [...]
Sensex has gone down below 15k and its one of the biggest down in 7 weaks , lost almost 435 points or 2.91 percent .First to start with the global cue was not that positive , but normally its runs the shoulder dust and it goes up , but even the national level the sentiment was not good . Index heavyweight Reliance Industries (RIL) declined sharply [...]
Monday market started today with a big bang in which RIL was down by 5 percent as the Mumbai High Court gave verdict favourable to RNRL over the KG basin D6 gas, they have asked RIL to supply gas to the latter to the tune of 28 mmscmd for 17 years at a price of USD 2.34 per mmbtu instead of USD 4.2 per mmbtu.The next action might be from RIL in [...]
Reliance Capital who stock is almost up by more than 45 percent in just 4 trading session has informed that its looking to divest up to 26 percent in its insurance arm Reliance Life Insurance through an IPO as well as by inducting a strategic investor. Reliance Capital holds 100% in Reliance Life Insurance. Reliance Life Insurance would be valued [...]
Reliance power stock which was quoting at almost 130 rs is trading at 160 rs in just 2 days , The wave is not really because of the total market effect but because of a real or a rumor news that 20 cr worth of reliance power share might be offered in a block deal via book-built route for 3000 crore at 150 per share.
Reliance Petroleum Ltd has informed the market that on aBoard Meetign that was held on March 02,2009 , They have agreed on the amalgamation of scheme to merge with Reliance Industries Ltd (the "Transferee Company") under the provisions of Sections 391 to 394 of the Companies Act, 1956.The Scheme shall be subject to necessary approvals of [...]
Jet airways saw a turning point in its proce today as all the airline stock are hitting rock bottom because of fuel price hike and other spendings, Jet airways saw some increase in share price after they reveaked news of Reliance Industries trying to get a Pie of Jet airways.The Real deal as heard is that "Reliance Industries’ (RIL) acquiring [...]
Reliance Power Ltd has informed the market today that the Register of Members & Share Transfer Books of the Company will remain closed from June 03, 2008 to June 05, 2008 for the purpose of Issue and allotment of Bonus shares.
Reliance Industries net profit rose 37.12% to Rs 3912.00 crore in the Qtr End of March 2008 compared to Rs 2853.00 crore in the Prev Qtr YOY of 2007. Sales rose 43.99% to Rs 37286.00 crore in the Qtr End of March 2008 compared to Rs 25895.00 crore in the Prev Qtr YOY of 2007. (more…)
Reliance Industrial Infrastructure net profit rose 52.37% to Rs 6.43 crore in qtr end Mar 2008 compared to Rs 4.22 crore during the during the same QTR Prev Year 2007. Sales rose 38.61% to Rs 18.92 crore in qtr end Mar 2008 compared to Rs 13.65 crore during the during the same QTR Prev Year 2007. For the full year, net profit rose 14.02% to Rs [...]
Reliance energy infromed the market today on Buy-Back of shares ,They have bought-back 1,21,500 equity shares of the Company as on March 31 2008 which amounts , so far bought back 9,51,500 equity shares aggregating Rs 122.39 crore.They told they will buy back upto 800 crores.
Reliance communication and HTC signed a deal that will help HTC’s foray into the fast-growing CDMA market in India and also it will help Reliance Communications to offer a wider range of world-class PDA (personal digital assistant) devices on the CDMA platform for its high-end data usage customers. Two news devices has been offered HTC [...]
It was informed in the parliment today that Market regulator SEBI is investigating the alleged insider trading activities in the shares of Mukesh Ambani-run Reliance Petroleum.The share price of Reliance Petroleum came down after hearing the news.