New Delhi: With an eight-fold increase, India attracted foreign direct investment (FDI) of $ 8.1 billion in March, the highest ever monthly inflows, despite a brouhaha over Rs 11,000 crore Vodafone tax dispute. Cumulative FDI inflows for the fiscal 2011-12 amounted to $ 36.50 billion, authoritative sources said. In March 2011, the country received FDI worth $ 1.07 billion. The $ 7.2 billion Reliance Industries-British Petroleum (BP) deal, announced in...
10:29 PM, May 09, 2012
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
Mumbai: India has struck down Reliance Industries Ltd's plan to recover about $1 billion invested to develop an offshore gas field as the current output is less than half of that approved under the development plan, an oil ministry source said. Reliance said in a statement late on Friday that the oil ministry has proposed to "disallow certain costs", without quantifying how much the company was planning to recover. These...
11:30 PM, May 04, 2012
Mumbai: FMCG major ITC on Tuesday replaced Mukesh Ambani-led Reliance Industries Ltd (RIL) as the most influential stock on Indian bourses. Based on its weightage on the stock market's index Sensex, RIL slipped to the second position after ITC. At close on Tuesday, ITC grabbed the top slot in terms of Sensex weightage, which is measured by the value of a company's free-float or non-promoter shares that can be freely...
06:44 PM, Apr 17, 2012
New York: India is home to over four per cent of the world's billionaires, including the likes of the Ambani brothers, Azim Premji and NR Narayan Murthy alongside Warren Buffet and Bill Gates in Forbes magazine's annual list of the world's richest people. Forbes's list of 1226 billionaires is topped by Mexico's 72-year-old telecom czar Carlos Slim, boasting of a networth of $ 69 billion. Slim retained his title as...
08:26 AM, Mar 08, 2012
New Delhi: CNG price in the national capital and adjoining towns has been increased by up to Rs 1.90 per kg, as costlier LNG was being imported to make up for fall in output from Reliance Industries gas field. Compressed natural gas in Delhi will cost Rs 1.70 per kg more at Rs 35.45 per kg with effect from midnight on Monday, Indraprastha Gas Ltd, the sole retailer of CNG...
06:00 PM, Mar 05, 2012
New Delhi: The Government has rejected Reliance Industries' demand for a revision in the KG-D6 gas price, saying the $4.2 per mmBtu rate for five years was not only agreed to by the Mukesh Ambani-run firm but also upheld by the Supreme Court. The Ministry on January 30 wrote to RIL quoting from the May 7, 2010, Supreme Court judgement in the gas row between the company and Anil Ambani's...
05:56 PM, Feb 07, 2012
New Delhi: The country's most-valued firm Reliance Industries on Tuesday said its Rs 10,440 crore share buyback offer will start from February 1 and closes on January 19, 2013. In a public announcement, Reliance Industries said that the buyback which is possibly the largest such programme in the history of the Indian capital market, would start on February 1 and closes on January 19 next year (12 months from the...
11:41 AM, Jan 24, 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: Reliance Industries (RIL) is mulling a buyback and if its gets the go-ahead from the board on Friday, this will be India's largest buyback programme ever. Analysts say assuming a minimum 10 per cent of net-worth, Reliance will have to commit Rs 16,000 crore for the buyback. The buyback is coming after 7 years and it may rank biggest in India's stock market history. What this buyback means...
09:59 AM, 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
New Delhi: Top software exporter Tata Consultancy Services surpassed Reliance Industries on the last trading day of the year to become the country's most-valuable firm, capping a gloomy year for shareholders of the energy major controlled by India's richest man Mukesh Ambani. Reliance, for long the darling of Indian investors, was briefly knocked off its four-year long perch as the country's most-valuable company in August - first by state-run Coal...
09:32 AM, Dec 31, 2011
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
Mumbai: Energy major Reliance Industries, India's most valued company that also runs supermarkets, plans to enter the fast-food business next year, the Economic Times reported on Monday. The company, controlled by Mukesh Ambani, India's richest man, is exploring a model on the lines of international chains McDonald's Corp and Dominos Pizza, with a standardised menu and delivery service, the newspaper said. Ambani has appointed Rishi Negi, chief operating officer of...
10:01 AM, Dec 12, 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.
