Reliance Industries touched a 52-week low of Rs 830.45. At 10:14 hrs the share was quoting at Rs 833.10, down Rs 35.65, or 4.10% on the NSE. It was trading with volumes of 1,546,880 shares. In the previous trading session, the share closed down 2.12% or Rs 18.80 at Rs 868.75.
Toyota may trigger a price war in the hatchback segment when it launches its first small car in India on June 27. The allnew Toyota Liva is expected to start at just over Rs 4 lakh and the top-end version, complete with multiple airbags and anti-lock braking system, will be priced around Rs 5.5-6 lakh, [...]
Equity benchmarks extended sell-off on the back of further fall in European markets, reacting to Greek’s debt worries. The 50-share Nifty has broken the 5400 mark – at three-week low, dragged down by heavyweights like TCS, Bharti Airtel, Reliance Industries, Infosys, Wipro, L&T and HDFC Bank, which fell 1-3%. Metal, cement, auto, select healthcare and [...]
Describing the decision of the Reserve Bank to raise key interest rates as the right move, the Planning Commission today said the tight monetary policy will not hurt growth, which is projected at 8.25% to 8.5% for the current fiscal. "I think it is certainly the right move (of RBI) to contain inflation. This is [...]
The Reserve Bank of India has hiked its repo rate under the liquidity adjustment facility (LAF) by 25 basis points from 7.25 per cent to 7.5 per cent with immediate effect in the mid-quarter review of its monetary policy. The announcement was on expected lines. Consequent to the increase in the repo rate, the reverse [...]
Maruti Cervo, one of the most awaited small cars in the Indian market, is now expected to hit the Indian roads in October this year. As per industry sources, the car is currently in the testing stage and the company may be rolling out the car near Diwali season. It has been more than a [...]
The BSE Sensex fell for the third straight session on Friday, down 116 points at 18,269, on low factory output and weak overseas markets amid upsurge in global crude oil prices. Heavyweights such as RIL, ITC, L&T, ICICI Bank, SBI, HDFC and Tata Steel pulled down the Sensex. The Bombay Stock Exchange 30—share indicator initially [...]
TPG Capital and Carlyle Group are among private equity companies in talks about purchasing a stake in Reliance Communications Ltd. (RCOM)’s mobile-phone towers unit, said three people with knowledge of the matter. Reliance Communications, India’s second-largest mobile phone operator, also has received interest from potential investors including Blackstone Group LP (BX), the world’s biggest private [...]
Benchmarks ended choppy session in the green after some buying activity picked up in index heavy-weight Reliance Industries. Positive cues from European markets also provided some support. Realty, oil&gas and technology stocks were top sectoral performers while capital goods and FMCG ended in the red. National Stock Exchange’s Nifty ended at 5556.15, up 24.10 points [...]
Indian markets fell for the second day on Friday amid muted world markets, weighed down by energy major Reliance Industries Ltd , which disappointed investors at its shareholders’ meeting by not giving enough information on key issues. Reliance, India’s most valuable firm, will work with BP Plc to address issues in ramping up production at [...]
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