News about Reliance Industries
Reliance Power Ltd seeks CAG rewrite on Sasan coal gains
NEW DELHI: Reliance Power Ltd (RPL) has requested CAG to drop observations that the company received “undue benefit” from the government’s decision to allow it to make in-house use of surplus coal from captive mines given to fuel Centre’s showcase power projects. CAG’s draft report on the audit of Sasan and Tilayia ultra-mega power projects, [...]
Schnitzer Provides Market Outlook for Third Quarter of Fiscal 2012
PORTLAND, Ore., May 17, 2012 (BUSINESS WIRE) — Schnitzer Steel Industries, Inc. /quotes/zigman/55215/quotes/nls/schn SCHN -1.07% announced today its market outlook for its third quarter of fiscal 2012. During the quarter, the global demand for recycled metals has remained soft and the tepid US economic recovery, together with lower than normal spring scrap flows, has contributed [...]
Reliance Power asks CAG to drop 'undue gains' remark
After the government recently reaffirmed its earlier decision to allow Reliance Power Ltd (R-Power) to divert surplus coal from its Sasan project in Madhya Pradesh for a nearby project, the company has asked the Comptroller and Auditor General (CAG) to drop its observations of “undue benefit” in a draft audit report. The final report is [...]
CPM seeks probe into role of PMO officers
The CPI(M) on Thursday urged PM Manmohan Singh to order a probe into the role of certain officers in PMO in facilitating a legal opinion for Reliance Industries’ move for increasing gas prices despite the Petro-leum Ministry having already turned it down. In a letter to Prime Minister on Thursday, the CPI(M) MP and CITU [...]
Dominion Citrus Limited Announces the Appointment of Ernie Collinson as Vice …
TORONTO, ONTARIO, May 17, 2012 (MARKETWIRE via COMTEX) — Dominion Citrus Limited (“DCL”) announces the appointment of Ernie Collinson, Certified General Accountant, as Vice President of Finance and Chief Financial Officer of Dominion Citrus Ltd. Mr. Collinson has worked for DCL for 10 years, as Corporate Controller for DCL for 5 years, and as Director [...]
InZon Announces the Acquisition of American Visiontech Co. Ltd.
DELRAY BEACH, Fla., May 17, 2012 (GlobeNewswire via COMTEX) — InZon Corporation /quotes/zigman/374284/quotes/nls/izon IZON +17.65% (InZon) today announced that it has signed a definitive agreement to acquire all outstanding shares of AVC Acquisition Corporation, the holding company of American Visiontech Co. Limited in the consideration of approximately 96% of the outstanding shares of InZon as [...]
ISPs block websites, Anonymous comes knocking
The Internet Service Providers (ISPs) in India are currently blocking websites in accordance to a Supreme Court directive. As of now Reliance Communications and Airtel are blocking The Pirate Bay, Vimeo, DailyMotion and a few other torrent sites across parts of India. The note users in India subscribed to the Internet through these ISPs are [...]
Reliance Power seeks removal of Sasan reference from CAG draft report
NEW DELHI: Reliance Power has requested CAG to remove from its draft report the observations about utilisation of excess coal from Sasan and Tilaiya projects. Reliance Power’s request comes in the wake of an Empowered Group of Ministers (EGoM) deciding not to review the earlier decision allowing Reliance Power to use excess coal from the [...]
Indian Shares Pare Early Gains
5/17/2012 7:30 AM ET (RTTNews) – Indian shares pared some early gains on Thursday, as a further slide in European stocks on fears over Greek banks and a fall in rupee to a new record low against the dollar, reversing initial gains, prompted traders to take some profits off the table. The benchmark 30-share Sensex [...]
SNAPSHOT-India stocks, bonds, rupee, swaps, call closing levels
Thu May 17, 2012 8:38am EDT STOCKS ———————– India’s benchmark index ended up 0.25 percent to 16,070.48, while the 50-share NSE index rose 0.25 percent to 4,870.20 points, as bargain hunting emerged after recent falls, though sentiment remained hit by the weakening rupee Reliance Industries led gainers after it was seen stepping up a buyback [...]
