RIL

RIL AGM okays 1:1 bonus issue; Nov 27 is record date

The shareholders of the country`s
most valued company Reliance Industries (RIL) on Tuesday approved
the 1:1 bonus issue for which the company fixed November 27,
2009 as the record date.

RIL eyes overseas buys to drive growth

Reliance Industries, India`s most valuable company, is eyeing overseas acquisitions, aggressive
exploration campaign and investments in petrochemicals to
drive growth, Chairman Mukesh Ambani said on Tuesday.

Five Indian cos among top 15 Asian energy companies

Five Indian companies are among the top 15 Asian energy companies, racing past China which had three companies in the list, according to Platts, a global provider of energy and commodities information.

Investors, lenders look for performance, not promises: Ambani

Industrialist Mukesh Ambani on Tuesday said capital markets now appreciate companies that create real value rather than those that make believe, and likewise performance more than promises help companies raise funds.

Court can`t impose family pact on shareholders: RIL

Mukesh Ambani-led Reliance Industries Ltd (RIL) Tuesday argued before the Supreme Court that the judiciary cannot impose a private family pact between a company`s promoters on its shareholders.

Mukesh Ambani dons milkman`s hat with `Dairy Pure`

Milk is industrialist Mukesh Ambani`s newest business muscle and his corporate dairy is looking for refrigerator space at mom and pop stores, in addition to vending from Reliance Retail stores.

RIL rally helps 8 of top-10 cos add Rs 1 lk cr in m-cap

Reliance Industries helped eight of the top-10 Sensex firms add over Rs 1 lakh crore in their market valuation during the last week, while the state-run MMTC and private telecom services provider Bharti Airtel saw value erosion.

Gas row: RIL counters RNRL`s claim on approval of MoU

Mukesh Ambani group firm RIL
on Friday told the Supreme Court that its directors have filed the
affidavits in the gas row to counter Anil Ambani`s contention
that the family MoU was approved by the RIL Board.

RIL questions RNRL`s demand for gas without power plant

Mukesh Ambani`s RIL
questioned in the Supreme Court the demand of brother Anil
Ambani`s RNRL for the immediate supply of gas from KG basin.

Ambani family pact not binding on RIL: Counsel

Reliance Industries Ltd (RIL) Wednesday sought to impress upon the Supreme Court that the family pact between the promoter brothers -- Mukesh and Anil Ambani -- brokered by their mother Kokilaben, was not binding on the company.

Govt has sole right to fix gas price: RIL

Reliance Industries told the Supreme Court Tuesday that it was a mere contractor appointed by the government to explore and harness natural gas from the Krishna-Godavari basin and the state remained the real owner.

RIL shares surge 4% amid oil discovery

Shares of Reliance Industries Tuesday surged nearly four per cent on the Bombay Stock Exchange in the early morning trade, amid the company making its first oil discovery at the exploration block in the Cambay basin in Gujarat.

RIL strikes oil off Gujarat coast

Mukesh Ambani-run Reliance Industries announced discovery of an oilfield 130 km from Ahmedabad in Gujarat, its second major find after
the offshore MA field in the Krishna Godavari basin.

RIL to buy crude oil from Cairn`s Raj fields

RIL has entered into an initial agreement to buy crude oil from Cairn India`s Rajasthan fields.

RIL`s gas output to double at 90 mmscmd by next fiscal

Reliance Industries` eastern offshore KG D-6 field`s gas production will double to around 90 million standard cubic meters per day by next fiscal, government`s background material for the Economic Editor`s Conference said.

HC directs RIL to amend petition against NTPC in two weeks

The Bombay High Court on Wednesday directed Mukesh Ambani-led RIL to carry out amendments in its petition against PSU NTPC on a gas supply deal within two weeks.

Sensex surges over 507 points; closes at 15,912

Snapping the six-day falling streak,
the Bombay Stock Exchange benchmark Sensex on Wednesday spurted by over 500 points to close at 15,912.

Gas row: RIL, RNRL oppose shareholder plea in SC

Reliance Industries (RIL) and Reliance Natural Resources (RNRL) on Tuesday joined hands to oppose the plea of a shareholder in both the companies to be made party in their ongoing dispute in the Supreme Court.

RIL Q2 net profit down 6.4% to Rs 3,852 cr

RIL today reported 6.41% drop in its
net profit at Rs 3,852 cr for the 2nd quarter of the current fiscal.

SC puts searching questions to RIL on gas dispute

Mukesh Ambani Group firm RIL on Thursday faced some searching questions from the Supreme Court for its demand to raise the gas supply price to Anil Ambani`s RNRL asking how will it serve the public interest.