Everything on ‘Reliance Petroleum’
Stock slide hits Reliance post gas field row
The standoff between Reliance Industries Limited (RIL) and the Ministry of Petroleum and Natural Gas over honouring the production-sharing contract at KG-D6, the country’s largest gas field, may affect the share value of India’s largest company, brokers warn. RIL shares slid 15 per cent in March, the biggest slump since October 2008, after the Government [...]
FDI in 2011-12 rises 34%, a new high
Foreign direct investment (FDI) in India spiked 34 per cent to a record $46.8 billion in 2011-12, latest RBI data show. A spate of big-ticket deals resulted in the surge. As stock valuations dipped, overseas investors were eager to pick up stakes in Indian companies last fiscal. London-listed Vedanta acquired a controlling stake in Cairn [...]
FDI in 2011-12 rises34%, a new high
Foreign direct investment (FDI) in India spiked 34 per cent to a record $46.8 billion in 2011-12, latest RBI data show. A spate of big-ticket deals resulted in the surge. As stock valuations dipped, overseas investors were eager to pick up stakes in Indian companies last fiscal. London-listed Vedanta acquired a controlling stake in Cairn [...]
Indian stocks to watch-May 11
MUMBAI | Thu May 10, 2012 11:45pm EDT MUMBAI, May 11 (Reuters) – GLOBAL MARKETS ROUNDUP * Asian shares retreated on Friday, spooked by JPMorgan’s $2 billion loss from a failed hedging strategy, with investors warily watching political turmoil in the euro zone as they await new Chinese data for clues on its growth outlook. [...]
RIL says awaiting nod for foray into financial services sector, buys banking …
NEW DELHI: Awaiting regulatory approvals for its foray into financial services sector, Mukesh Ambani-led Reliance Industries has acquired shares in giants like HDFC, ICICI Bank and Axis Bank as part of long-term ‘investments’. These financial investments, estimated to be worth over Rs 1,200 crore, include purchase of shares of six banks — three each from [...]
US, India glimpse a bright future together in solar power
Two years ago, as part of its National Action Plan on Climate Change, India set out to boost the solar industry through subsidies, setting a generation target equivalent to around 3 percent of the country’s projected power needs by 2022. The private sector has responded eagerly. With the price of solar energy dropping sharply, and [...]
Reliance Infrastructure's BRPL to assist Nigeria's Rockson Engineering in …
NEW DELHI: Reliance Infrastructure’s Delhi power distribution arm BSES Rajdhani Power Ltd (BRPL) will provide technical assistance to Nigeria’s Rockson Engineering in bidding for power distribution licenses in that country. Nigeria has unbundled its state-owned power utility into transmission, generation, and distribution companies. The county is privatising 11 distribution companies by offloading 70% equity to [...]
RIL acquires shares in HDFC, ICICI, SBI, PNB, Canara, HDFC Bank & Axis Bank
NEW DELHI: Awaiting regulatory approvals for its foray into financial services sector, Mukesh Ambani-led Reliance Industries has acquired shares in giants like HDFC, ICICI Bank and Axis Bank as part of long-term ‘investments’. These financial investments, estimated to be worth over Rs 1,200 crore, include purchase of shares of six banks — three each from [...]
RIL says awaiting nod for financial business; buys banking shares
Awaiting regulatory approvals for its foray into financial services sector, Mukesh Ambani-led Reliance Industries has acquired shares in giants like HDFC, ICICI Bank and Axis Bank as part of long-term ‘investments’. These financial investments, estimated to be worth over Rs 1,200 crore, include purchase of shares of six banks — three each from the public [...]
Sensex, Nifty open 1% higher; rupee recovers too
The BSE Sensex and NSE Nifty rebounded on Thursday after witnessing a major fall in previous 3 out of 4 sessions. Both opened 1% higher led by buying interest in banks, oil & gas, auto, capital goods and FMCG stocks. Even the Indian rupee recovered sharply, appreciating 67 paise to 53.15 a dollar, which closed at [...]
