Helped by higher refining margins, Reliance Industries Ltd (RIL) beat Street estimates, posting its highest quarterly profit in seven years at Rs 6,381 crore in the quarter ended March this year, up 8.5 per cent against the year-ago period.
Saudi Aramco and Reliance Industries have not yet concluded a term contract to import diesel and petrol, three industry sources said, fanning market speculation that the long-standing annual deal may not be renewed.
Reliance Industries Ltd (RIL) is expected to post a record fourth quarter net profit as it benefits from refining margins, which will be partially offset by lower petrochemical margins. RIL will announce its January-March 2015 results on Friday.
The government on Monday filed an affidavit in the Supreme Court, stating its differences with Reliance Industries over pricing of natural gas from the company’s KG-D6 block were not open to arbitration.
Shares of Reliance Industries (RIL), the country's second-biggest in terms of market value, has seen a sharp jump in share price this month buoyed by a string of positive recommendations by broking houses.
Shares of Reliance Industries (RIL) were trading higher by 1% at Rs 916 on the National Stock Exchange (NSE), extending its past four-day’s gain on the bourses, on media reports that the company has discovered massive gas reserves at MJ-1 block in
Shares of Reliance Industries (RIL) have moved higher by 3.5% at Rs 896, extending its previous day’s 4% gain on the National Stock Exchange (NSE) on reports that the company has discovered massive gas reserves at MJ-1 block in its KG-D6 basin.
Residents of a Mumbai suburb are taking on one of the country's biggest conglomerates in a rare grassroots protest against a 25-metre telecom mast that marks a new stumbling block in India's troubled push to get millions more online.
One time darling of the stock market, Reliance Industries, seem to be in hibernation since the 2008 global financial crisis. The company has not participated in any of the subsequent rallies in the market.
Billionaire Mukesh Ambani is scouting for start-ups that could dovetail with his own plans for e-commerce and phone services in India. For that, he is willing to look as far as Israel and Silicon Valley in the US.