Reliance Industries surprised the Street with a record standalone net profit of Rs 7,704 crore for the quarter ending September 2016 (Q2 FY17), 17.9 per cent higher than the Rs 6,534 crore profit after tax (PAT) reported in the same period last year.
The 18 per cent jump in crude oil prices since January is making some corporate leaders jittery, especially from the aviation, cement and tyre sectors, as their input costs would shoot up substantially.
Petroleum Minister Dharmendra PradhanThe government will seek compensation from the Mukesh Ambani-promoted Reliance Industries (RIL) for producing natural gas that migrated from an adjoining block of Oil and Natural Gas Corporation.
Buying more time, the Oil Ministry has asked its technical arm, Directorate General of Hydrocarbons (DGH), to quantify the compensation Reliance Industries (RIL) has to pay for drawing out natural gas belonging of state-owned ONGC.
A day after the telecom regulator spoke on the quality of service faced by consumers due to the raging battle between incumbent telecom operators and Reliance Jio, a letter from Airtel made it clear that it had augmented the interconnect capacity but
Sectoral regulator Trai has called a meeting with telecom operators on Friday as the incumbents had complained to it that Reliance Jio is offering predatory pricing as the Mukesh Ambani firm's voice tariffs are zero or free.
Airtel on Tuesday blamed Reliance Jio itself for network connectivity issues and call failures, saying they are due to Jio's own "under-preparedness", insufficient testing efforts and acquiring a large number of customers at the pre-launch stage
As call failures are mounting because of the tussle between Reliance Jio and incumbent operators over points of interconnect (PoIs), the Telecom Regulatory Authority of India (Trai) has decided to issue show cause notices to errant telcos for failing to
Reliance Industries (RIL), Bharat Petroleum Corporation (BPCL), Indian Oil Corporation (IOC) and Castrol India from the S&P BSE Oil & Gas index hitting their respective 52-week highs in intra-day trade on Monday.
HDFC Bank, Maruti Suzuki India and Eicher Motors from the benchmark Nifty50 index have hit their respective lifetime highs, while Reliance Industries (RIL) has touched fresh 52-week high on the National Stock Exchange (NSE) on Thursday.
Mukesh Ambani’s Reliance Jio issued yet another statement against incumbent operators which said that despite repeated reminders and bilateral meetings with incumbent operators and claims made by them, hardly any new interconnection capacity has
Mobile operators, including Bharti Airtel, Vodafone and Reliance Jio, have submitted call traffic data to Trai, a move that will enable the regulator to look at the pattern, including asymmetric traffic on networks, as part of its consultation on
Reliance Industries (RIL) was up 2.2% at Rs 1,089, extending its Thursday’s 2% gain on the BSE. The stock is currently trading close to its 52-week high of Rs 1,090 touched on January 15, 2016 in intra-day trade.