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RIL

Nifty holds on to 5,400; RIL slumps 3%

in Nifty,Sensex

The Dalal Street made a spectacular recovery in the last hour of trade that erased most of its losses on a day of swinging fortunes. At close, the BSE Sensex stood at 17,971, down 61 points and the Nifty managed to hold on to the 5,400 level despite losing 13 points. The markets opened lower [...]

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Hospitality major East India Hotels (EIH) soars 20 per cent

in Stock-News

Hospitality major East India Hotels (EIH) today soared 20 per cent on its’ stake sale deal with Mukesh Ambani – led RIL, extending its gains for the second consecutive session. RIL itself was down over 1 per cent on BSE in the early trade. EIH, which gained 11 per cent yesterday, started the day with [...]

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RIL won’t have involvement in management or operation: EIH

Stock-News

Reliance Industries on Monday acquired a 14.12% stake in East India Hotels (EIH) from the company’s promoters. Post the deal, the promoters will hold 32.31% stake in the company. “RIL wanted to invest in the hospitality industry and we welcome their investment in our company as it will satisfy our growth strategy. RIL will also [...]

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RIL –Buy- Angel Securities

Broker tips

Reliance Industries Limited (RIL) to ink a deal with DE Shaw to launch a US $700-800 million infra fund After telecommunications, Mukesh Ambani is getting into another of his brother’s territories— financial services. RIL is close to inking a deal with global hedge fund DE Shaw to launch a US $700–$800 million infrastructure fund. Apart [...]

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RIL acquires third shale gas asset in US

Stock-News

India’s most valuable company, Reliance Industries Ltd (RIL) has acquired its third shale gas asset in the US in a span of five months, increasing its bet on a new though untested source of energy that has attracted many global energy giants such as BP and Exxon. The $392 million (Rs1,811 crore) deal takes the [...]

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Reliance Inds Q1 net up 32% on higher gas output

Stock-News

Energy group Reliance Industries posted a 32% rise in fiscal first-quarter profit, slightly better-than-expected, helped by higher gas output from its fields off India’s east coast and improved refining margins. The company posted April-June net profit of Rs4,851 crore versus Rs3,666 crore a year earlier India’s largest listed conglomerate, controlled by billionaire Mukesh Ambani and [...]

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Sensex ends with modest gains; TCS surges 6%

Nifty

The benchmark Nifty has seen a consolidation for third consecutive day and closed with modest gains on Friday, led by technology, telecom, realty, select oil & gas and financial companies’ shares. However, the sell-off in Reliance Industries , HDFC, HDFC Bank, GAIL, ITC, M&M, Reliance Power, Ambuja Cements, Siemens, Sun Pharma , Tata Power and [...]

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Improved refining margins, KG basin gas output may boost RIL

Stock-News

India’s most valuable company, Reliance Industries Ltd (RIL), is expected to post higher revenue and profit for the quarter ended March, benefiting from improved crude refining margins and gas output from the Krishna-Godavari (KG) basin. Net profit is likely to increase 31% from a year earlier to Rs5,078.17 crore in the January-March period, according to [...]

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RIL –Buy- Angel Securities

Broker tips

Reliance Industries (RIL) and Reliance Natural Resources (RNRL) have entered into a new gas supply agreement, as directed by the Supreme Court. The Supreme Court had ordered the two companies to renegotiate the Gas Supply Master Agreement, which was signed between the Ambani brothers as part of the business de-merger in 2005. While the companies [...]

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Reliance Industries Ltd (RIL) to buy shale gas asset in US

Stock-News

This is the fourth such deal in this space in the US this year, reflecting the growing interest of firms in such assets Reliance Industries Ltd, , plans to buy a 45% stake in the Eagle Ford shale gas field in Texas for $1.35 billion (Rs6,210 crore), according to the Financial Times, thereby acquiring its [...]

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