| Reliance Industries Limited (RIL) Related news |
Markets open on a cautious note; RIL, Infosys up 0.5%
Posted on 24th September 2014 |
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Markets opened marginally higher led by oil and select financials but upside gains are likely to be capped ahead of the expiry of September derivative contracts tomorrow. Further, selling by foreign funds also weighed on sentiment. At 9:35AM, the 30-share Sensex was up 40 points at 26,816 and the 50-share Nifty was up 15 points at 8,032. |
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Sebi seeks fresh info on Reliance-Network 18 deal
Posted on 22nd September 2014 |
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The Securities and Exchange Board of India (Sebi) has sought additional information from Reliance Industries (RIL) on the takeover of Network18 and TV18 Broadcast. The two firms, which are being taken over by RIL through its Independent Media Trust (IMT), control an array of media properties, including leading business and general news channels CNBC TV18 and CNN-IBN. "Sebi has sought additional information from time to time, which has been provided," RIL told Business Standard in response to an email query seeking comments. "Sebi has not asked for any revision of offer price," the RIL spokesman added. |
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RIL looks to reopen diesel retail outlets
Posted on 18th September 2014 |
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In a bid to grab the opportunity created by diesel reaching market-parity price, Reliance Industries (RIL) has set the ball rolling on reopening its fuel retail outlets, after a gap of six years, and the company is in discussions with its dealers for a higher commission. A detailed plan, covering issues ranging from dealer commission to the price at which auto fuel would be sold, is expected to be presented to the dealers in 20-25 days. |
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Reliance raises stake in Jio to 99%
Posted on 15th September 2014 |
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Ahead of the launch of its mobile phone services, Reliance Industries has increased its stake in Reliance Jio to almost 99 per cent. According to documents accessed by Business Standard, RIL increased its direct stake in Jio to 98.9 per cent as on March this year by pumping more capital into the company. The stake held by the Nahatas (Infotel Broadband promoter Mahendra Nahata and his son Anant) has fallen to just one per cent as they did not make any investments after 2010 in the rollout of services. |
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Microsoft, RIL initiative for start-ups
Posted on 6th September 2014 |
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GenNext Ventures, the venture investment management arm of Reliance Industries Ltd (RIL), and Microsoft Ventures have signed a three-year partnership to set up GenNext Innovation Hubs, an initiative to ease the country’s start-up ecosystem. A memorandum of understanding was signed by GenNext Ventures chairman and RIL board member R A Mashelkar and Microsoft India Chairman Bhaskar Pramanik. |
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Reliance Foundation, University of Chicago join hands
Posted on 5th September 2014 |
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Reliance Foundation, the philanthropic arm of Reliance Industries, India’s largest private-sector company, and the University of Chicago have announced a collaboration to develop innovative technology that will help train medical students and clinicians for better diagnosis and improved healthcare. The partnership will develop cloud-based software applications that can train medical professionals using case studies written by experienced physicians and state-of-the-art clinical reasoning methods, RIL said in a statement. |
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Reliance Haryana SEZ returns Gurgaon, Jhajjar land to Haryana Infra Corporation
Posted on 1st September 2014 |
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Reliance Industries Ltd (RIL) has announced that its group company Reliance Haryana SEZ Limited (RHSL) has returned 1,383.68 acres of land in Gurgaon acquired from Haryana State Industrial & Infrastructure Development Corporation (HSIIDC) for setting up special economic zones (SEZs) owing to revision of strategic priorities. |
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Reliance Industries plans to invest Rs 78000 crore in energy projects in Jamnagar
Posted on 30th August 2014 |
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Reliance Industries is set to invest $13 billion (Rs 78,000 crore) in energy projects, after it had recently revealed its plans to invest Rs 1.8 lakh crore across business by 2016. This includes a 400,000 barrels per day (bpd) crude refinery at its Jamnagar complex, Reuters reported today. This refinery will be used to refine cheap and heavy crude that is now more and mroe available in Asia. Reliance Industries, controlled by Mukesh Ambani, operates the world's biggest refining complex in Gujarat. The two plants in Gujarat can process about 1.4 million bpd of oil. Reuters reporetd that the company had sought the approval of the environment ministry to invest Rs 77300 crore to build a new refinery and some polymer units. |
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RIL, ITC underperform in post-poll rally
Posted on 26th August 2014 |
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Reliance Industries Limited (RIL), the country's biggest private oil company and ITC, the largest cigarette maker, have lost over five per cent each in an over 2,500-point Sensex rally after election results in May. Powered by funds flowing in from foreign institutional investors (FIIs) and domestic mutual funds, the markets have been trending up, with the S&P BSE Sensex and the CNX Nifty marking fresh highs. |
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Ethane import could save RIL Rs 2,000 crore a year
Posted on 25th August 2014 |
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Reliance Industries Limited (RIL's) decision to source 1.5 million tonnes of ethane a year from the US to feed its crackers in India could save the company a whopping Rs 2,000 crore annually. The cost of feedstock is the largest that petrochemical companies bear. Currently, there are three naphtha-based, three gas-based and one mixed feed cracker complex in the country. |
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