Shares in energy major Reliance Industries were choppy in early trade on Friday morning, after a newspaper report said the company has recently sweetened its offer to buy a controlling stake in bankrupt LyondellBasell.
In a bid to tap different market segments, Reliance Life Insurance Company (RLIC) announced the launch of two new products - Reliance Jan Samriddhi plan and Reliance traditional super invest plan - here Tuesday evening.
Anil Dhirubhai Ambani Group firm Reliance Life Insurance on Tuesday launched two new products – Jan Samriddhi Plan and Super InvestAssure Plan here and aims to garner Rs 600 crore premium from them within this fiscal.
The government has said that Sebi was empowered to take action against RIL if a probe established irregularities in share allotment by the company in 2000, and wanted to know what exactly the market regulator expected from it.
The government on Tuesday said it would take "seriously" market regulator SEBI`S letter for appropriate action against RIL for alleged routing of funds to dummy companies for buying its own shares in 2000.
The government said Mukesh Ambani-run RIL has provided most of the papers relating to its eastern offshore KG-D6 gas fields and the nation`s top auditor CAG is ready to begin audit of expenses incurred in developing the fields.
With an aim to rope in a strategic partner for its Haryana SEZ project, corporate giant Reliance Industries is believed to be in talks with IL&FS and a couple of other players for part-sale of its stake.
Anil Ambani-led RNRL today
contended before the Supreme Court that it has an
"unqualified" right to get gas at USD 2.34 per unit for 17
years from RIL which will along with the Government not suffer
any loss at this rate.