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Reliance Jio to invest Rs 3000 cr in Bengal, 4G by March Reliance Jio to invest Rs 3000 cr in Bengal, 4G by March The company indicated that Rs 6000-7,000 crore would be required for eastern region coverage.
Oil Min proposes gas price hike to $6.7 Oil Min proposes gas price hike to $6.7 ONGC/OIL and RIL currently get USD 4.2 per million British thermal unit as the price of natural gas.
DGH rejects RIL offer to confirm gas discoveries in KG-D6 DGH rejects RIL offer to confirm gas discoveries in KG-D6 Under pressure from DGH, Reliance Industries has agreed to do separate tests to confirm three natural gas finds in the KG-D6 block but the regulator is not impressed and wants the discoveries to be taken away from the company.
'April M&A tally at $1.66 bn; rise in inbound deals' 'April M&A tally at $1.66 bn; rise in inbound deals' According to audit and advisory firm Grant Thornton, the total value of M&A deals in the month of April were valued at USD 1.66 billion through 39 deals as compared to USD 1.97 billion by way of 60 transactions during the same period of last year.
Sensex hits 28-month high as RIL, ICICI Bank gain Sensex hits 28-month high as RIL, ICICI Bank gain The NSE 50-share Nifty also firmed up by 23.15 points or 0.38 percent to close at more-than 30-month high of 6,169.90. Previously, it had closed at 6,194.25 on November 11, 2010.
Tata Motors Group April global sales down 7.02% Tata Motors Group April global sales down 7.02% However, the company's passenger vehicles sales last month were lower by 16.40 percent at 41,272 units from 49,369 units sold in the corresponding month of last year.
'Inflation at 3-yr low unlikely to prod RBI in June' 'Inflation at 3-yr low unlikely to prod RBI in June' In the backdrop of a sharp fall in the headline inflation readings to the RBI's comfort level of below 5 percent and falling consumer price inflation (CPI), the central bank is unlikely to cut lending rates in the upcoming review next month, research firms said Tuesday.
Govt expects drop in gold imports by next month Govt expects drop in gold imports by next month Terming 138 percent surge in gold imports last month as an "aberration", the government on Tuesday expressed the hope that appetite for foreign gold would subside by next month due to the high inventory costs.
Gold imports surge in April not sustainable: Analysts Gold imports surge in April not sustainable: Analysts The massive spike in trade deficit caused by sharp rise in gold imports in April would not sustain and there is no need to get excessively worried over the data, analysts have said.
Consumer price inflation drops to 9.39% in April Consumer price inflation drops to 9.39% in April Falling for the second straight month, retail inflation declined sharply to 9.39 percent in April due to easing of prices of vegetables, edible oil and protein-based items.
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