Mumbai: State-owned energy major Oil and Natural Gas Corporation (ONGC) on Thursday reclaimed the spot as the country's most-valued company, pushing IT giant TCS to the second slot. At the end of trade, ONGC commanded a market value of Rs 2,89,047 crore. This is about Rs 4,428 crore more than TCS's market cap of Rs 2,84,619 crore.
ONGC scrip ended 0.82 per cent higher, while TCS lost 1.02 per cent on the BSE. Reliance Industries with a market capitalisation of Rs 2,71,904 crore was at third place, followed by ITC (Rs 2,66,133 crore) and Coal India (Rs 1,88,543 crore).
Market capitalisation or the value of a listed company is arrived at by multiplying the total number of its shares with its stock price on a particular day or time. This figure changes daily with the change in the stock price.
The BSE 30-stock index, Sensex, advanced by 34.37 points, or 0.17 per cent to 20,247.33, the level last seen in January, 2011. The index had gained 521 points in last two trading sessions....
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04:53 PM, May 16, 2013
New Delhi: Oil Ministry's proposal for an across-the-board near doubling of natural gas prices has been rejected by the Cabinet Secretariat saying a ministerial panel headed by Defence Minister AK Antony did not have powers to do so. The Ministry had sent a draft proposal for the consideration of the Empowered Group of Ministers (EGoM) to price all domestically produced natural gas - be of state-run ONGC or private sector...
04:18 PM, May 15, 2013
New Delhi: Reliance Industries' billionaire chief Mukesh Ambani has kept his annual salary capped at Rs 15 crore for the fifth year in a row, while foregoing nearly Rs 24 crore from the remuneration approved for him by shareholders. Ambani has kept his salary at the country's biggest private sector entity, RIL, unchanged at this level since the fiscal 2008-09. "The Chairman and Managing Director's compensation has been set at...
02:00 PM, May 12, 2013
New Delhi: Reliance Industries' telecommunications arm will use Bharti Airtel's submarine cable network to provide data connectivity across Asia Pacific, the two Indian companies said on Tuesday. The i2i cable network connects India to Singapore and is wholly owned by Bharti, India's top mobile phone carrier. Bharti and Reliance Jio Infocomm Ltd, unit of Mukesh Ambani-controlled Reliance Industries, will continue to build on this "strategic framework" and consider other mutual...
11:47 AM, Apr 23, 2013
New Delhi: Left parties on Monday lashed out at the government for providing armed commando cover to top corporate leader Mukesh Ambani, saying the common people have been left in the lurch as gruesome incidents of rape keep happening. "It is unprecedented that at a time when such ghastly and gruesome incidents of rape are taking place and people are demanding more security, Z-plus category of security is given to...
04:20 PM, Apr 22, 2013
New Delhi: Reliance Industries Ltd Chairman Mukesh Ambani has said he will be paying for his Z-category security. The DG of CRPF had earlier told CNN-IBN that it would cost Rs 14 lakh a month to provide Mukesh Ambani the security which includes salary, supervision and escort charges. Earlier, Arvind Kejriwal of the Aam Admi Party had protested against the VIP security being provided to Mukesh Ambani. Mukesh Ambani is...
02:59 PM, Apr 22, 2013
New Delhi: Reliance Industries Ltd Chairman Mukesh Ambani is the new entrant to the 'Z' category VIP security club after the Union Home Ministry recently approved an armed commando squad following threat perception to the business tycoon. The Home Ministry has tasked country's lead anti-Naxal operations force CRPF to take the responsibility with immediate effect after the proposal to this effect was cleared by the office of Home Minister Sushil...
05:54 PM, Apr 21, 2013
Mumbai: Reliance Industries shares fell as much as 2.4 per cent on Wednesday after its revenue growth for the January-March quarter missed analyst estimates while profits were broadly in line. Reliance said on Tuesday that net profit for the March quarter rose 32 per cent, but revenue fell 1.4 per cent from a year earlier. The results were out after the close of markets. Shares were down 2.4 per cent...
10:45 AM, Apr 17, 2013
Mumbai: Indian conglomerate Reliance Industries Ltd posted a 32 per cent rise in its quarterly profit on Tuesday, as a rebound in margins at its core refining business offset falling oil and gas revenue. Reliance, controlled by India's richest man, Mukesh Ambani, said net profit in its fiscal fourth quarter which ended on March 31 rose 32 per cent from a year earlier to a higher-than-expected 55.89 billion rupees. Revenue,...
07:27 PM, Apr 16, 2013
Shares in Reliance Communications extended gains on Wednesday, a day after announcing a fiber optic network sharing deal with Reliance Jio Infocomm, a unit of Reliance Industries, which is widely seen as benefiting both companies. ...
10:10 AM, Apr 03, 2013
Billionaire Ambani brothers on Tuesday struck a Rs 1,200-crore deal wherein Mukesh will use his younger sibling's optic fibre network for launch of his telecom venture. Under the pact, Mukesh Ambani-led Reliance Industries' telecom arm will hire nationwide optical fibre network of Reliance Communications for the roll-out of 4G services. ...
03:59 PM, Apr 02, 2013
Nita Ambani, Chairperson of Reliance Foundation and wife of Mukesh Ambani Chairman and Managing Director of Reliance Industries, at the 'Reliance Bij - Bharat India Jodo' campaign at Salarpur village. ...
11:51 AM, Mar 21, 2013
Bank of America Corp said director Mukesh Ambani will step down at the bank's annual shareholder meeting in May in the latest reshaping of the No 2 US bank's board. ...
02:59 AM, Mar 16, 2013
India will allow wireless broadband airwave holders to provide voice services if they pay an additional $306 million, a senior government official said on Monday, a move likely to boost billionaire Mukesh Ambani's Reliance Industries Ltd. ...
11:21 AM, Feb 19, 2013
India will allow wireless broadband airwave holders to provide voice services if they pay an additional $ 306 million, a senior government official said on Monday, a move likely to boost billionaire Mukesh Ambani's Reliance Industries Ltd. Reliance Industries, controlled by India's richest man, is the only company with nationwide fourth-generation (4G) broadband airwaves. The company re-entered the fiercely competitive sector by buying airwaves in a 2010 auction and has...
03:41 PM, Feb 18, 2013
Reliance ADAG Chairman Anil Ambani on Friday compared Gujarat Chief Minister Narendra Modi to to Mahatma Gandhi, Sardar Patel and Dhirubhai Ambani at the Vibrant Gujarat Summit 2013. Modi will reach out to around 50,000 investors at the Vibrant Gujarat Summit, inviting them to set up shop in Gujarat. ...
12:24 PM, Jan 11, 2013
Tata Motors market cap crossed the 1 trillion rupees mark, joining what is now a 14-member club that also includes Reliance Industries, ONGC and Tata Consultancy Services. Tata Motors shares have hit a record high this year after surging 4.7 per cent as of January 9 close, adding to its 75 per cent gain in 2012. ...
01:23 PM, Jan 10, 2013
New Delhi: The government has disallowed $1 billion expense of Reliance Industries on the flagging KG-D6 gas fields for not implementing the approved field development plan, Oil Minister M Veerappa Moily said on Tuesday. "The average gas production from KG-DWN-98/3 (KG-D6 block) during the current year was about 29.81 million standard cubic meters per day as against 86.73 mmscmd approved in the field development plans for D1, D3 and MA...
05:47 PM, Nov 27, 2012
India Against Corruption activist-turned-politician Arvind Kejriwal on Friday targeted several top Indian business groups and a Congress MP, alleging that they had stashed black money worth several hundred crores in the HSBC Bank in Geneva, Switzerland. He claimed that a senior Congress leader gave him the details about the black money. "The black money from Swiss banks can come but the government doesn't wish to bring it back," Kejriwal said. ...
11:47 PM, Nov 09, 2012
Activist-turned-politician Arvind Kejriwal on Friday alleged that Rs 6,000 crore in black money was stashed away in 700 HSBC accounts in Geneva, Switzerland. ...
10:23 PM, Nov 09, 2012
