Mumbai: Reliance Industries on Tuesday reclaimed its position as the most influential stock on the BSE benchmark index Sensex, pushing FMCG major ITC to the second slot. ITC had dethroned Reliance Industries (RIL) from the top position on Monday. However, its leadership position proved to be short-lived and it slipped to the second position in Tuesday's trading session. At close on Tuesday, RIL regained the top slot in terms of...
06:55 PM, May 08, 2012
New Delhi: The country's most-valued firm Reliance Industries on Friday announced a buyback of shares worth up to Rs 10,440 crore from the public in what would be largest such programme in the history of the Indian capital market. RIL would buy back up to 12 crore equity shares worth Rs 10,440 crore from the open market at a maximum price of Rs 870 apiece in its first share buyback...
11:31 PM, Jan 20, 2012
New Delhi: Reliance Industries on Friday reported a 13.6 per cent drop in net profit to Rs 4,440 crore for the third quarter ended December 31, 2011. The company's net profit stood at Rs 5,136 crore in the same period a year ago, the company said in a press statement in New Delhi. The company's turnover was up 40.2 per cent at Rs 87,480 crore in the third quarter. RIL...
06:16 PM, Jan 20, 2012
New Delhi: In a significant move, Network 18 and TV 18 announced an expansion into regional news and entertainment on television through a Rs 2,100-crore acquisition of ETV channels. Both the companies also announced rights issues for themselves, each amounting to Rs 2,700 crore. The proceeds will be used to make both the companies debt-free, finance the ETV acquisition, and fund working capital requirements. Importantly, Raghav Bahl will retain management...
03:48 PM, Jan 03, 2012
Mumbai: Billionaire Mukesh Ambani-led Reliance Industries Ltd has lost its position as the Indian stock market's most influential individual company to IT major Infosys, following a recent plunge in its share price. Measured in terms of its weightage on the key barometer index of Indian stock market, the Sensex, RIL had been enjoying its position as the most influential stock for many years and the movement in its share price...
06:56 PM, Dec 13, 2011
New Delhi: Oil Ministry and its technical arm DGH on Friday refused approval to Reliance Industries' $ 1.529 billion investment plan to develop satellite fields to offset fall in gas output at its flagging KG-D6 block. At the KG-D6 block's oversight committee meeting on Friday, the ministry and the DGH blocked the investment saying RIL and its partners, BP Plc of the UK and Niko Resources of Canada, need to...
08:22 AM, Dec 03, 2011
New Delhi: The government will initiate action to limit the amount of expenditure Reliance Industries is allowed to recoup from its flagging KG-D6 gas fields in three to four weeks, Oil Secretary GC Chaturvedi said on Tuesday. "We had sought an opinion of the Law Ministry (on restricting cost recovery - now at 100 per cent - in proportion to the gas output). We have received the opinion... we are...
01:46 PM, Nov 22, 2011
New Delhi: Reliance Industries Ltd (RIL) on Saturday reported nearly 16 per cent rise in net profit for the second quarter this fiscal as higher earnings from oil refining and petrochemicals business helped it offset a dip in natural gas production. The net profit was up 15.8 per cent at Rs 5,703 crore during July-September - RIL's highest quarterly profit since 2007, the company said in a press statement. RIL...
07:07 PM, Oct 15, 2011
New Delhi: Mukesh Ambani-run RIL in a letter to Public Accounts Committee (PAC) Chairman Murli Manohar Joshi has said CAG did not consider its response in the report that criticised the company for violation of contract for showpiece KG-D6 block. CAG did not give us an opportunity and access to look into its comments on the draft report and finally the CAG did not consider and include the company's repines,...
10:52 AM, Oct 09, 2011
New Delhi: Reliance Industries on Tuesday said it has received government approval for selling a 30 per cent stake in 21 out of a proposed 23 oil and gas blocks to UK's BP Plc for $ 7.2 billion. The Cabinet Committee on Economic Affairs (CCEA) had on July 22 cleared the sale of stake by RIL to BP in 21 blocks, including the showpiece eastern offshore KG-D6 gas producing area...
11:46 AM, Aug 09, 2011
New Delhi: Reliance Industries (RIL) has shutdown production facilities at an oil field in its showpiece KG-D6 block off the Andhra coast for maintenance without any impact on production till now. RIL on July 31 took a shutdown to do maintenance work at a compressor on the Floating Production Storage and Offloading (FPSO) unit operating in the MA oilfield, sources said. MA oilfield produces a little less than 15,000 barrels...
05:12 PM, Aug 03, 2011
New Delhi: Reliance Industries on Monday reported nearly 17 per cent rise in net profit in the quarter ended June 30 on back of higher refining margins. The net profit was up 16.7 per cent at Rs 5,661 crore in April-June quarter this fiscal compared to Rs 4,851 crore in the same period the previous year, Reliance Industries said in a statement. RIL, which operates the world's largest refining complex...
06:32 PM, Jul 25, 2011
Mumbai: Shares of Reliance Industries surged by over 2 per cent in early trade on the bourses on Monday in anticipation of good first quarter numbers from the market leader, which are scheduled to be announced later in the day. After opening the day on a robust note, the stock touched an early high of Rs 892.95, up 2.21 per cent from its previous close on the BSE, while on...
10:57 AM, Jul 25, 2011
New Delhi: In a startling development, the Comptroller Auditor General (CAG) has refused to give Reliance Industries an opportunity to comment on its draft audit report that indicts the Mukesh Ambani-run firm for allegedly receiving undue favours from the Oil Ministry. The nation's top auditor turned down a request of the Oil Ministry to allow private firms like Reliance and Cairn India, against whom the draft report has passed strictures,...
12:24 PM, Jun 26, 2011
New Delhi: Finding itself admist a raging controversy over comments against it in a draft CAG report, the Oil Ministry has said it will never allow Reliance Industries or any other operator to overbill the government and cause loss to the exchequer. The ministry is in the process of preparing a response to the draft report of the Comptroller and Auditor General of India (CAG), which slammed the oil ministry...
10:59 AM, Jun 19, 2011
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Disclaimer: Network18 Media & Investments Limited is proposing, subject to market conditions and other considerations, an offer of its equity shares on rights basis and has filed a Draft Letter of Offer with the Securities and Exchange Board of India. The Draft Letter of Offer is available on the website of SEBI at www.sebi.gov.in and the websites of the Lead Managers at www.icicisecurities.com and www.rbs.in Investors should note that investment in equity shares involves a high degree of risk and are requested to refer to "Risk Factors" in the Draft Letter of Offer. The Equity Shares have not been and will not be registered under the US Securities Act of 1933, as amended (the "US Securities Act"), or any state securities laws in the United States and may not be offered or sold in the United States or to, or for the account or benefit of, "U.S. persons" (as defined in Regulation S under the US Securities Act) except in a transaction exempt from the registration requirements of the US Securities Act and in accordance with any applicable U.S. state securities laws.
Disclaimer: TV18 Broadcast Limited is proposing, subject to market conditions and other considerations, an offer of its equity shares on rights basis and has filed a Draft Letter of Offer with the Securities and Exchange Board of India. The Draft Letter of Offer is available on the website of SEBI at www.sebi.gov.in and the websites of the Lead Managers at www.icicisecurities.com and www.rbs.in Investors should note that investment in equity shares involves a high degree of risk and are requested to refer to "Risk Factors" in the Draft Letter of Offer. The Equity Shares have not been and will not be registered under the US Securities Act of 1933, as amended (the "US Securities Act"), or any state securities laws in the United States and may not be offered or sold in the United States or to, or for the account or benefit of, "U.S. persons" (as defined in Regulation S under the US Securities Act) except in a transaction exempt from the registration requirements of the US Securities Act and in accordance with any applicable U.S. state securities laws.
