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RIL

At 1:28pm, shares in Reliance (RIL), which the market values at about $70 billion, were up 2.8% at Rs1,011 after climbing to as high as Rs1,015
Shares in Reliance Industries were boosted on Wednesday as investor fears the Indian energy major would overpay for LyondellBasell were allayed after the petrochemicals firm was said to have rejected [...]

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Days after the Reliance-Anil Dhirubhai Ambani Group (R-Adag) opposed Reliance Industries Ltd’s (RIL) trademark application for “Reliance Finance”, the latter has hit back by opposing R-Adag’s application to trademark the similar-sounding “Reliance Financial”.
An R-Adag spokesperson said the group would fight RIL’s opposition.
An RIL spokesperson declined to comment.
The R-Adag spokesperson referred to a 2005 agreement between [...]

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RIL –Buy- Angel Securities

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Reliance Industries Ltd. (RIL) is said to have has raised its bid for LyondellBasell to around $15 billion from an earlier offer of $13.5 billion.
The company is also said to have included stock and cash options, for shareholders and creditors, in its revised offer, to make it more lucrative. Sources said the new bid was [...]

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Reliance Industries –Hold- Anand Rathi

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Though we expect growth in the exploration and production (E&P) segment to continue in coming quarters and refining performance to improve on rising throughput and stabilizing margins, petrochemicals might under-perform given rising West Asian (Mid-East) capacities.

Reliance Industries Limited (RIL)

With D6 volume now averaging 60m cmd, we expect RIL to meet our full year (FY10) target [...]

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RIL in talks with IL&FS, others for stake sale in Haryana SEZ

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The discussions are being held with infrastructure development and finance major IL&FS as also with some other potential partners for sale of a minority strategic stake by RIL in Reliance Haryana SEZ Ltd, sources said
With an aim to rope in a strategic partner for its Haryana SEZ project, corporate giant Reliance Industries is believed to [...]

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Reliance Industries Limited (RIL) – Buy- Motilal Oswal

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Lower light/heavy and sweet/sour differentials result in lower premiums for complex refiners such as Reliance India Ltd (RIL). However, given RIL’s cost advantage (approximately$2/bbl over US refiners) it would be able to maintain utilization levels of more than 90%, albeit at lower margins.
We are reducing our gross refining margin (GRM) assumptions for FY10 from $6.8/bblto [...]

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RIL-RNRL case judge steps down

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Justice RV Raveendran cites possible conflict of interest in recusing himself from the case; hearings to start afresh
The legal battle between the Ambani brothers in the Supreme Court may end up lasting longer than initially expected, with one of the three judges hearing the case recusing himself from it.
On Wednesday, in a sudden and unexpected [...]

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RIL-RPL merger: Swap ratio at 1:16

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Mukesh Ambani-controlled Reliance Industries Limited (RIL) and Reliance Petroleum Limited (RPL) have been merged into one entity.
The boards have decided the swap ratio at 1:16, which implies that RPL shareholders will get one RIL share for every 16 shares held in RPL. RIL has decided to extinguish its treasury stock.
The merger ratio is slightly in [...]

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Top 10 firms gain Rs 53, 000 cr last week

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Mukesh Ambani-led RIL saw its market capitalisation rising to Rs2, 05, 568 crore at the end of Friday’s trade against a valuation of Rs1, 76, 044 crore a week ago
The recovery on bourses last week has added over Rs 52, 600 crore to market valuations of country’s 10 most valued firms, with Reliance Industries gaining [...]

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Reliance can touch Rs 1,500: Sushil Kedia

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Sushil Kedia said Rs 1,300 is the fulcrum for Reliance, and if it can hold Rs 1,190, it can move up to Rs 1,500.
What was the weakness in technology stocks today…TCS, Infosys, Satyam and Wipro were down about 3-6%… is there some inherent weakness creeping into this when you look at the charts?

Kedia: Infosys perhaps [...]

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