The fight for the leading outlook in the mutual fund business started again in March, with Reliance Mutual repossessing the peak it had gave up to Prudential ICICI.

As on March 31, 2007, Reliance Mutual’s assets under management (AUM) stood at Rs 46,307 crore, whereas Prudential ICICI was ranked second at Rs 37,870 crore.

Continuing its recent rise, Reliance Petroleum gained 3.26% to Rs 112.60 in afternoon trading.

Today, the scrip had touched its all-time high of Rs 112.50. It hit a low of Rs 109.30 during the day thus far. It has had its 52-week low was Rs 51 on 25 July 2006.

There were 55.22 lakh shares for trading on the BSE counter. In the past one quarter, the normal daily volume in the stock was 33.94 lakh shares on BSE.

Yesterday’s trading action witnessed unstable movement. But, the reaction reading of the tradable counters remains optimistic. Today’s bear move is expected to modify the response in their favor. In contrast, the existing upbeat sentiment is ready to be further strengthened.

The composition and the position of the top 10 tradable list experienced minor alterations. Bank of India made its way to top 10 list obtruding Satyam. BOI occupied last place in the list.

Reliance Energy recorded a 25.45% enhancement in net profit to Rs 2,215.60 million for the quarter ended June 2007 from Rs 1,766.10 million in the corresponding period ended June 2006.

The BSE Sensex was in a pessimistic mode today and finished the day with a nearly 100 points deficit.

Remarking on the weak spot in the market technical analyst Vishwas Agarwal believed that the weakness was mainly because of factors upsetting the international markets, which were also down today.

He added that a few spheres that had caught rather a sharp increase in the past few days including cement and banking were calming down slightly. Simultaneously some increase is envisioned in fence sitters like ITC, Reliance Capital and Infosys.

According to technical Analyst, Sudarshan Sukhani the investors should stay away from Reliance Capital.

Sukhani said, “Nagarjuna Fertilizer first the stock has broken out,4:46 PM 7/26/2007 5-10-20 year base and it’s the stock that clearly is going to go places I don’t know how much time it is going to take. But it’s a stock one need to buy and in fertilizers it might be an out performer in the broad market also, so I like that stock.”

Today, the BSE Sensex saw a 500 point fall and cracked in proportion to other international markets.

While pointing out on the U-turn taken by the stock market, technical analyst, Vishwas Agarwal stated that Indian stock market was faultily affected today because of reduction in worldwide markets and panic selling.

Saturday’s RIL result is crucial to hoard the persuasions now. Any optimistic news from RIL can ease the market to some extent.

But one thing is obvious that stock market mood has turned very cautious now and people are feeling insecure. So they will make an effort to go out with minimal losses in their place before buying more at existing levels.

Mumbai: Reliance Industries Ltd will close down its polyester intermediate mono-ethylene glycol (MEG) manufacturing plant in Kurkumbh, which is 70 km from Pune, and transfer the complete unit to a new place.

According to a company representative, “We will relocate the small standalone unit to a place with better linkage to raw material.”

According to the reports Reliance Retail is ready to open up 500 hypermarkets crosswise the country by next three years (2010).

The company showed a glance of its jumbo plans by opening up a huge 165,000 sq.ft hypermarket RelianceMart in Ahmedabad, which is largest complete format store in the country.

It was an oscillatory session on Dalal Street. Indices got down to a miserable start, but small covering assisted them go back a big amount of their losses. But, unenthusiastic persuasions prevailed, and even the late upturn did not have the thrust to facilitate indices appear in the green zone.

The Nifty closed down 71 points lower at 4,108, whilst the Sensex closed shop at 14,141 after losing 217 points.

Technical Analyst Sudarshan Sukhani of Technical Trends is optimistic on Reliance Energy.

The problems seem to have no end for SEZ plans of Ambani Brothers. On Saturday, Uttar Pradesh government put objections on Anil Ambani’s proposal for a special economic zone (SEZ) in Noida. Mukesh Ambani’s Mumbai SEZ have also run into problems with recent objections from CIDCO in Maharashtra.

New Delhi: To cash in on festive excitement, Reliance Money, part of ADAG’s financial services unit Reliance Capital, will launch low-end variants of gold coins weighing as low as half a gram.

Sudip Bandyopadhyay, Reliance Money CEO said, “We are planning to launch gold coins of 0.5 gm, 1 gm and 2 gm before Diwali to meet the demand from lower-income segments.”

Mr. Sudip added that a coin weighing half gram would cost Rs 500 a unit whereas those weighing one gram would cost 1,000.

At present, Reliance Money provides coins of 5 gm and 8 gm priced at Rs 5,200 and Rs 8,000 correspondingly exclusive of taxes.

Reliance Industries has informed in a press release that the company has acquired majority stake and management control of Gulf Africa petroleum Corp (GAPCO) using its 100% subsidiary Reliance Industries Middle East (RIME). GAPCO sells petroleum products in several east and central African countries. The exact value of the deal has not been revealed.

Reliance Industries has reported discovery of Oil in a new block in the Krishna Godavari (KG) basin. As per the earlier report which came on Friday, Reliance found oil resources in D4 block, also called KG-DWN-98/1.

Reliance Industries informed that the newly found oil reserve had an initial flow rate (IFR) of 596 barrels per day. Reliance had also found oil in Cauvery basin with IFR of 1000 barrels per day in July this year.

Reliance Retail has terminated services of 400 employees in West Bengal. The company has not been able to start retail operations in the state due to opposition from the political parties and local trader unions. Reliance Fresh recently terminated services of nearly 1000 employees in Uttar Pradesh as well. The company has seen lot of protests in many states across India.

Reliance has informed that Reliance Power will soon go public with an issue of shares worth Rs 14000 crore. Reliance Power is a subsidiary of Anil Ambani led Reliance Energy. The issue will be biggest ever Initial Public offer by an Indian company.

The Reliance Anil Dhirubhai Ambani Group (ADAG) will offer $100 laptop in joint venture with One Laptop Per Child (OLPC) foundation. OLPC’s India plans will promote e-learning among poor and lower income groups across the country and Reliance Communications will provide Internet services, network and logistics. Reliance expects state governments and NGOs to come forward to make $ 100 laptop a reality in India.

Mumbai: Reliance Petroleum Ltd (RPL) has officially acknowledged that the 70% work of its Jamnagar refinery has been completed.

RPL stated that the 27-million-tonne plant would be finished before December 2008 deadline.

In a communiqué to the stock markets, RPL stated that work on its projects went speedily in the previous quarter.

Its engineering efforts reached a close-out phase with more than 97 percent cumulative progress. The company’s overall procurement progress was more than 92 per cent during the quarter.

New Delhi: Yesterday was the most honored day of Mukesh Ambani’s life, which made him the richest person in the world, surpassing American software giant Mr. Bill Gates, Mexican business tycoon Mr. Carlos Slim Helu and famous investment guru Mr. Warren Buffett.
The overall appreciation goes to the optimistic behavior of the Indian stock market that surpassed 20,000 mark, and touched a new record high of 20,024.87.
Accompanying a strong share price rally on Monday in his three major companies including Reliance Industries, Reliance Petroleum and Reliance Industrial Infrastructure Ltd, his net worth ascended to $63.2 billion.

New Delhi: The country’s most valuable company, Reliance Industries Ltd (RIL) has informed that it has found more gas in its block KG-OSN-2001/1 (KG-III-5), which is located in the Krishna offshore basin.

According to the company release, “The well (KGIII5-P1) is the
second gas discovery in the Miocene clastics reservoir in the Krishna
basin.”

The release also said that this shallow water block, which covers up
an arena of 1,100 square kms, was granted to RIL, under the final round
of NELP biding.

Reliance Retail has unveiled their latest brand of retail stores, which has been named as ‘Reliance Footprint’.

The company has opened its initial ‘Reliance Footprint’ store on the Rajbhavan Road in Hyderabad.

Now the company is aiming to have a pan-India presence by opening up more than 15 such large specialty stores by the coming year (2008).

This launch comes after the establishment of other retail brands that include Reliance Fresh and Reliance Mart.

The company also has other store chains comprising Reliance Digital, Reliance Trends, Reliance Wellness and Reliance Jewels.

Reliance Power Ltd emerged as the lowest bidder in Krishnapatnam Ultra Mega Power project. Reliance Power quoted a price of Rs 2.33 per unit. Reliance Power has recently won Ultra Mega Power Project (UMPP) in Madhya Pradesh. Anil Ambani’s Reliance Power will set up UMPP with capacity of 4,000 mega watt at Krishnapatnam in Andhra Pradesh. The project cost is estimated at Rs 16,000 crore.

Reliance Industries Ltd (RIL) has pocketed two oil blocks in Iraq’s Kurdish region.
RIL has signed up a deal for the blocks ‘Rovi’ and ‘Sarta’ in northern Iraq with the autonomous Kurdish Regional Government (KRG).
The blocks measuring 450-500 sq km have an oil-bearing structure of around 80%, and Reliance is confident of making a discovery soon. RIL paid a signing amount of $15.5-17.5 million for the two blocks.
According to the deal, the RIL’s wholly owned arm Reliance Exploration and Production DMCC would be served as an operator.

New Delhi: Reliance Industries Limited (RIL) has won another deepwater oil and gas block in Onam.

For this, India’s top private firm has signed a production-sharing agreement (PSA) with the government of Onam.

According to the company release, the agreement was signed through RIL’s wholly-owned arm ‘Reliance Exploration and Production DMCC.’

The offshore Block 41, coveres up more than over 20,000 sq/kms, is adjacent to Block 18 that RIL had bagegd in 2005.

Indian Stock Markets are trading very strong since morning. NSE Nifty has seen a high of the day at 5896.80 with a gain of 201 points. BSE Sensex has gained around 3.2% and is currently at 19737 with a gain of 702 points.

HDFC Bank and HDFC both are up by more than 8 percent. Banking Stocks are getting good amount of buying. Bank of India is up by 4.2%. SBI is up by 3.18%. ICICI Bank is up in today’s trading session. PNB has gained over 6.5%.

Reliance is still holding strong. The stock is up by 4.34 percent. SAIL is up by nearly 6%. The stock is trading at Rs 264.

Reliance Retail Limited has entered the jewellery retail line through ‘Reliance Jewels’.

The company has opened its first jewellery specialty store in Bangalore.This 6,000 sq ft store of three floors will offer more than 10,000 designs of jewellery from all parts of the country.

Bijou Kurien, president and chief executive (lifestyle),Reliance Retail said “"After Bangalore, we have plans to open our next store in Hyderabad and Ludhiana. Depending on the performance of these three stores, we would think of leveraging the investment."

Bangalore, Nov 18 (ANI): Reliance Retail has made a foray into the branded jewellery space with their new venture titled ‘Reliance Jewel. ’

The brand, which opened its first store at Jayanagar in Bangalore on November 15, offers gold, diamond, platinum and silver jewelleries.

The store is spread over three floors, covering an area of 6,000 sq. ft. It offers over 10,000 designs of exquisitely crafted jewellery from across the country to make it a one-stop shopping destination for fine jewellery, offering consumers a wide range in gold and diamond jewellery.

"We aim at opening 300 'Reliance Jewels' outlets across the country during the next three years" said Ashok Kaul, Business Head and Vice President

Jewellery.

Stock Markets opened weak and continued downward movement. The NSE Nifty has touched a low of 5462, nearly 100 points lower than yesterday’s close. Some heavy-weight counters like Reliance, SBI and Grasim can help the markets to close higher compared to yesterday.

But volatility is high in today’s trading session. Markets bounced back quickly from day’s low and are currently trading only 45 points lower.

India's largest private sector company, Reliance Industries (RIL) has sold 4.01 per cent of Reliance Petroleum (RPL) shares to institutional investors for Rs. 4023 crore.

RIL said, “The sale of RPL shares was conducted by transactions through the stock exchanges and has helped to further broad base the shareholding pattern of RPL."

After the stake sale, RIL's holding in RPL has fallen to 70.99% from 75%. The number of shareholders of RPL has increased from 12 lakh shareholders at the time of IPO to 16 lakh.

RPL is one of the most traded stocks in the market. Presently it hold market cap worth Rs. 94,275.00 crore.

Reliance Industries Ltd has announced that the Company had signed Technical Evaluation Agreement in 2005 which has been converted to Hydrocarbon Production and Exploitation Contracts with Agenda Nacional de Hydrocarburos (ANH) of Colombia for two Offshore blocks, Borojo (pronounced as Boroho) North and Borojo South.

The contracts, which were signed on December 10 at Bogota, envisage exploration of two blocks located in the Pacific Ocean in water depths reaching up to 1,500 m. Each block size is approximately 4,000 square kilometers.

Reliance is expected to drill up to two wells in both areas over six years and will explore in four phases spread over 18 months each, the statement said.

As per view of technical analysts, traders can buy RELIANCE INDUSTRIES at current market price. This is a day trading recommendation and stop loss for this counter is Rs 2864 for a target of Rs 2907-2926.

RELIANCE INDUSTRIES is India's largest petrochemical firm and is the largest private sector company in India. The stock price has been firm in past two quarters and the stock has performed better than markets.

The activity of RELIANCE INDUSTRIES is to produce and distribute plastic and intermediates, polyester filament yarn, fibre intermediates, polymer intermediates, crackers, chemicals, textiles, oil and gas.

Based on current results, the stock of the company is trading at a P/E of 32 and offers an earning per share of Rs 87.73.

Anil Dhirubhai Ambani Group’s, Reliance Communications (RCOM) has announced that the company has received approval from the Federal Communications Commission (FCC) for the acquisition of US- based Yipes Holdings Inc, the leading provider of managed Ethernet services.

The FCC is an independent United States government agency charged with regulating interstate and international communications by radio, television, wire, satellite, and cable.

Reliance Retail Ltd (RRL) is all set to establish 150 Reliance Digital mega stores crosswise the country by 2011, an official release said.

On the sidelines of the launch of its Reliance Digital store in Bangalore, Ajay Baijal, President & Chief Executive-Reliance Industries said that the company would invest around Rs 5-6 crore for an outlet covering up around 20,000 sq ft.

The present market size for consumer durable, home IT and telecom stood at Rs 70,000 crore, and it is expected to develop to Rs 1.4 lakh crore by 2011, Mr. Baijal said.

Mumbai: The Securities and Exchange Board of India (SEBI) has put some restrictions on the upcoming initial public offering (IPO) of Reliance Power.

Market controller has also directed the company and its merchant bankers to make sure all disclosures according to the crucial laws and the board’s own remarks on the brochure that may follow.

SEBI was looking at a complaint lodged by Rajkot Saher Jilla Grahak Suraksha Mandal on the matter. Reliance Power Limited (RPL), a 50:50 joint venture between Reliance Energy and AAA Projects, is an Anil Ambani Group company. The company’s projected public offering could be the biggest ever in India.

Reliance Power, a subsidiary of Reliance Energy, has finally fixed the price range for its IPO at Rs 405 - 450 per share.

The issue will open on January 15, 2008 and close on January 18, 2008, an official release said.

The IPO estimated to raise between Rs 10,500 crore to Rs 11,700 crore with the sale of 26 crores shares in the public offer, making it the biggest ever IPO proceeds in India.

India's largest private-sector company, Reliance Industries (RIL), has announced yet another gas discovery in block KG OSN-2001/1 in the Krishna basin on the east coast of India.

This is the third gas discovery in the KG-OSN-2001/1 (KG-III-5) block, the company said, adding that the discovery has been named 'Dhirubhai-38'.

RIL is the sole operator of this block, which is spread over an area 1,100 square kilometers. The project was awarded to RIL during the third round of NELP

‘Reliance Petro’ stock has been trading weakly from last few days. Today, the stock opened at Rs 215.90 as against its last closure at Rs 219.70 on BSE.

Presently (1:10 pm), the stock is trading 0.41% down at Rs 218.80 on BSE.

After analyzing the company’s growth charts, stock market analyst Hitendra Vasudeo of stockmechanics.com has suggested investors to sell Reliance Petro below Rs 212 with a stop loss of Rs 217 to achieve a target that lies between Rs 205-192.

Mr. Vasudeo also said that it is really unfavorable to hold the stock at this time, as it is going down and down.

Stock analyst Hitendra Vasudeo (stockmechanics.com) has suggested investors to sell Reliance Communications stock below Rs 738 with a stop Loss of Rs 746 to achieve a target of Rs 713-Rs 671.

Today, the stock opened at Rs 770 as against its previous closure at Rs 777.40 (Jan 15). At present (1:40 pm), the stock is trading around 6 percent down at Rs 731.

Mr. Vasudeo is of the view that investors should sell the stock today in order to avoid loss.

He also said that the recent declining movement will remain within the stock on Thursday.

India's biggest IPO offer by Reliance Power, a part of the Anil Dhirubhai Ambani Group (ADAG), was subscribed 72.58 times as at 6 p.m. on Friday according to the statistics released by National Stock Exchange. The IPO has generated a new record demand with collections of over Rs. 7, 50,000 crore.  The previous highest demand was for the Mundra Port SEZ issue at Rs 2, 03,708 crore.

The issue has received bids for 16.55 billion equity shares as against 22.8 crore shares on offer. The QIBs reserved portion subscribed nearly 80 times, non institutional investors 200 times and retail 15 times.

Reliance Energy Ltd in consortium with CAF of Spain has been awarded the Airport Metro Express Line (AMEL), Project on BOOT basis for a concession period of 30 years.

The project has been awarded by Delhi Metro Rail Corporation Ltd (DMRC) through an International Competitive bidding process. The estimated project cost is about Rs 2,500 crore.

The proposed 22.7 km of high speed metro rail line shall connect New Delhi Railway Station and New Delhi International Airport through Cannaught Place.

Jump Games, a mobile game developer and part of Anil Ambani’s Reliance Entertainment, has signed contract worth $ 100 million with Manchester United football club to design, develop and distribute mobile games.

Under the three-year agreement, Jump Games will pay a license fee to Manchester United for creating content centred around the club. The deal also includes a revenue sharing engagement, details of which were not disclosed.

Anil Dhirubhai Ambani Group has filed for initial public offer of Reliance Infratel with SEBI on Friday. As per the official statement, the draft red herring prospectus for Reliance Infratel filed today with SEBI is for an issue of 8.9 crore equity shares of Rs 5 each. The stock price is expected to be in price band of Rs. 550 – 650.

Anil Ambani’s issue for Reliance Power received a tremendous response from investors and managed to register record applications. Reliance Power will be listed on Stock Exchanges on 11th February.

Mumbai, Feb 11: Anil Dhirubhai Ambani Group’s Reliance Power on Monday listed at 548 rupees, which is a premium of 27.4 per cent to its issue price of 450 rupees, on the Bombay Stock Exchange (BSE), while it listed at 530 rupees on the National Stock Exchange (NSE).

During early trades, the scrip touched a high of 600 rupees, and a low of 401 rupees.

It may be recalled that the much sought after Reliance Power Initial Public Offer (IPO) was subscribed approximately 70 times. The IPO attracted over five million bids from all categories of domestic and international investors.

Mumbai, Feb 11: Anil Dhirubhai Ambani Group's Reliance Power stock, that was listed at 548 rupees on the Bombay Stock Exchange (BSE), was trading at 417 rupees, a discount of 33 rupees, at 1200hrs. Around 34 million shares were either sold or bought so far on the exchange.

On the National Stock Exchange (NSE), the stock was listed at Rs 530, and was trading at 418 rupees with around 80.5 million shares traded on the exchange.

Reliance Power, which last month made the country’s largest-ever initial public offering of three billion dollars, fell at its debut on the stock markets.

Reliance Capital AMC has managed to collect over Rs 5600 crore through Reliance Natural Resources Fund offer. The fund focused on natural resources got a better than expected response even after a low investor confidence due to recent stock market crash. Reliance Natural Resources fund can invest 70 -100 percent of total funds in domestic stocks. An investment of up-to 30% can be made in global securities as well.

The New Fund Offer received a good response from investors as Energy sector looks promising over a period of 2 – 4 years. Reliance Mutual fund CEO Mr. Vikrant Gugnani said that the allotment process will be finished by the end of February. Reliance Mutual fund has over Rs. 77,000 crore in Assets under management as per the figures of January this year.

Anil Ambani led Reliance Communications (RCom), India’s second biggest wireless operator, is consolidating its global business under the single umbrella brand of ‘Reliance Globalcom.’

Punit Garg, president, Reliance Globalcom stated that Reliance Globalcom, a division of RCom, will be headquartered in London, and will come up with an initial public offer (IPO) shortly.

“As this company is outside India and all its revenues are in foreign currencies, it is but natural that it will be listed on an exchange there, after evaluating where we can get the best possible investors,” said Mr. Punit Garg.

Anil Ambani Group has decided to reward the current shareholders with bonus shares. Reliance Power stock could not perform well during its debut in stock markets recently.

The company will offer three bonus shares for every five held by shareholders.  The retail investors were very bullish about her reliance power IPO but the weakness in stock markets caused huge losses to shareholders.

Reliance Industries informed on Tuesday that the company has discovered more gas in an exploration block located in east coast of India. This is the eighth major gas discovery for the company in the block allotted to the company under the New Exploration and Licensing Policy (NELP-I) in 1999.

The company expects to produce 35-40 million cubic metres per day of gas from the block.  The company has named the latest gas discovery in Mahanadi shallow water Dhirubhai-40.  The company has notified Directorate General of Hydrocarbons regarding the new gas discovery.

Reliance Capital, the financial services division of Anil Dhirubhai Ambani Group, has made announcement about the launching of its joint venture (JV) microfinance initiative (MFI) in two states including Gujarat and Maharashtra.

The company has decided to follow this up with a national rollout.

In order to increase penetration of microfinance services, Reliance Capital has joined hands with two Gujarat-based microfinance institutions, MAS Financial Services Ltd and Vardan Trust.

During the initial stage, Reliance Capital will fund MFI’s in Gujarat as well as Maharashtra and after that have a national presence.

Reliance Energy Ltd (REL) has announced that its board of directors has given sanction to the buyback of its shares, valued at Rs 2,000 crore, in two different phases.

During the initial phase, Rs 8 billion will be spent on the share buyback that will be effective within the next 10 days.

Another Rs 12 billion would be deployed in the second segment, which would commence after 45 days, as the company has to receive sanction from its shareholders.

In order to endorse next generation CDMA devices in the Indian market, leading smartphone devices maker HTC Corporation, has signed up a strategic alliance with Reliance Communications, India’s biggest mobile telecommunications service provider.

The recent declaration marks HTC’s entry in Indian’s strong-growing CDMA market segment. The deal will also permit RCom to provide a broad variety of excellent PDA (personal digital assistant) devices on the CDMA platform for its high-end data usage clients.

Reliance Money, a subsidiary of Anil Dhirubhai Ambani Group's Reliance Capital Ltd has signed a deal with Canada-based Recognia Inc., a leading provider of technical charts for stocks, to offer sophisticated automated technical analysis to retail broking customers.

Recognia’s Technical analysis will allow users to identify shifts in price movements and emerging trends that will help them look up ‘bullish’ and ‘bearish’ notifications for particular stocks.

India's largest private sector company Reliance Industries Ltd (RIL) has announced yet another discovery in exploratory block KG-OSN-2003/1 (KG-V-D3) of Krishna Basin.

The deepwater block KG-DWN-2003/1 of NELP-V is situated 45 Kms away from the coast and covers an area of 3288 Sq. Km.

This is the second gas discovery in this block and has been named as ‘Dhirubhai-41’. The company holds a 90 percent participating interest in the block, while Hardy Exploration & Production India holds a 10 percent stake.

Hindalco Industries and Reliance Communication saw much action during February 2008 mutual fund portfolios.

Reliance Vision Fund (7,999,620 Shares), Reliance Equity Advantage Fund - Retail (2,058,649 shares), JM Arbitrage Advantage Fund (413,758 shares), picked up Hindalco Industries, whereas Templeton India Equity Income Fund (200,000 shares), DSP Canara Robeco Multicap (80,000 shares), Standard Chartered Enterprise Equity Fund (55,933 shares) sold the same.

Reliance Communication was favored by Reliance Equity Advantage Fund - Retail (3,391,204 shares), UTI Long Term Advantage Fund - Series I (510,000 shares), UTI India Lifestyle Fund (223,100 shares).

In order to ramp up company’s expansion in the technology sector, Reliance Industries Ltd. (RIL) has submitted a proposal to the Union Government for setting up two manufacturing facilities (a semiconductor wafer fabrication plant and solar PV module unit).

The motive of this proposal under the Government’s scheme is to promote semiconductor technology with a total investment of Rs. 30,000 crore.

Other companies that have submitted their plans under the Government’s scheme include Videocon Industries, Moser Baer PV Technologies, Titan Energy System, KSK Energy Ventures, and Signet Solar

Reliance Money, the brokerage and financial services distribution arm of Anil Ambani led Reliance ADA Group, has announced the launch of ‘Club Elite', a loyalty-cum-reward initiative.

Under the programme, all Reliance money customers will earn reward points for all transactions made through the company.

Further, the company is also in discussion with various vendors for redemption of loyalty reward points earned by the customers. The card will be offered to all Reliance Money customers.

With the launch, the company has become the first of its kind in the country to start a loyalty card programme.

Till date, no other brokerage or financial distribution firm offers any loyalty programme for its customers.

Reliance Industries the country's largest private sector company, is mulling an entry into the rig manufacturing business.

Atul Chandra, President of RIL’s Petroleum International Business stated, "We are certainly looking at entering the rig manufacturing business."

The company plans to enter this new business either by end of this fiscal or beginning of the next year. It is also eyeing for a suitable partner for this business.

Anil Ambani group’s Reliance Energy has bought shares worth over Rs 220 crore, representing 25% of the buyback offer.

Till date, the company has completed the buyback of 17.80 lakh equity shares worth Rs 220.97 crore.

The company bought back 4 lakh equity shares yesterday, which marks a significant increase as compared to an average buyback of about 1.5 lakh shares since the commencement of the offer on March 25.

The last date for the buyback would be March 4, 2009, a year from the date of the Board's approval for the offer on March 5, 2008.

The board of directors has approved buy-back of equity shares up to an aggregate amount of Rs 800 crore.

Reliance Money, a part of Anil Dhirubhai Ambani Group's Reliance Capital, will set up offices in six-seven strategic locations around the world in 2008-09, a top company official stated.

The brokerage and financial products distribution firm has identified locations like Kuwait, Bahrain and Doha in the Middle East while it is looking at Singapore and Hong Kong in South Asia.

Reliance Big Entertainment has acquired the digital images business of US-based DTS Inc for an undisclosed amount.

DTS Digital Images, also known as Lowry Digital Images, is a market leader in the digital restoration and enhancement of moving pictures. It delivers stunning picture quality using groundbreaking algorithms developed by visionary founder John Lowry.

The acquisition is the first by Reliance Big Entertainment in the digital services space overseas.

Reliance Big Entertainment is the flagship media and entertainment company of Anil Ambani group. The firm plans to have three main lines of business - internet and new media, film entertainment and TV broadcasting.

US-based DTS Digital Images has announced that it has completed the sale of its digital images business to Reliance Big Entertainment, a member of Reliance ADAG group, for around $7.5 million in cash.

The sale marks DTS’ exit from the image enhancement and restoration services business.

Jon Kirchner, president and CEO of DTS, Inc commented, “We are pleased to have completed this transaction, which takes us one step closer to our goal of focusing entirely on our consumer business.”

Anil Ambani owned Reliance Communications, Country's largest integrated telecom service provider, has launched an exclusive educational portal on Reliance mobile phones, that offers a bouquet of useful information on exam results, college admissions, event calendar of exams, admission deadlines, mock tests and tips for performing well in exams.

Apart from these, the portal will also contain the list of top universities, colleges, secondary education boards as well as career options.

While the educational portal is an IVR-based service, it also offers SMS alerts on subscription for exam preparation, performance and even tips for de-stressing to enhance performance during exams. The service will be made available to both prepaid and post paid subscribers.

Reliance Industries (RIL) is all set to establish a bio-fuel plant for blending petrol with 5% permissible ethanol in Kutch, Gujarat.

A senior RIL functionary has confirmed the development plan. But, he didn’t disclose any further details.

The executive said, “We have major plans to enter into the bio-fuel sector and are looking at various options, including the production of bio-fuel from jatropha.”

However, there is no conformation as to how RIL decided to make ethanol in the dry region.

One of the most popular ways of producing ethanol is from molasses extracted from sugarcane.
 

Mukesh Ambani-led Reliance Industries (RIL), the largest private sector company in the country, is reportedly in talks with global oil & gas companies to sell about 10% stake in the D-6 block in the Krishna Godavari (KG) basin, according to sources.

A financial daily reported that RIL may hive off its KG basin assets into a separate company and then offer close to 10% stake to a strategic partner.

Currently, RIL holds 90 per cent stake in this block, while another 10 per cent is with Nikko Resources.

Global investment banking giant Goldman Sachs is one of the key consultants for the deal and RIL is sharing necessary data with the prospective partners to reach a valuation for the deal, sources said.

Anil Ambani group company Reliance Energy Limited (REL) announced that the company’s shareholders have given the nod to change the name of the company to ‘Reliance Infrastructure’ and to buy back 25% of the paid-up equity share capital and Free Reserves up to Rs. 2000.14 cr.

Besides this, the shareholders have also sanctioned to waive the company’s entitlement to take delivery of 2.57% of the post bonus issue shareholding including 6.15 crore shares in Reliance Power from Anil D Ambani.

Anil Ambani-led Reliance Capital has reported a 19% rise in the consolidated net profit at Rs 365.57 crore for the fourth quarter ended March 2008 compared with Rs 306 crore in the same quarter last year.  

While, the total income rose to Rs 1,634.71 crore for the quarter from Rs 828.75 crore in the corresponding period last year.

The firm had a standalone net profit of Rs 386.49 crore for the fourth quarter ended March 31, a 23.9 per cent growth over the corresponding period a year-ago.

For the financial year ended March 31, the board of directors has declared a dividend of Rs 5.50, on every share of Rs 10 held.

Anil Ambani, Chairman Reliance Communications (R Com), the flagship
company of the Anil Dhirubhai Ambani Group, has decided to list its
global arm Reliance Globalcomm on the London Stock Exchange.

Mr. Ambani pointed that the listing will be subject to market terms and if the company can get good value.

He
was confident about the planned IPO of Reliance Infratel, the company
subsidiary, which holds the passive infrastructure of telecommunication
business, as the ratings are going northward.
 

Reliance Mutual Fund, owned by the Anil Ambani controlled Reliance Capital, has achieved the coveted milestone by notching up Rs 1 lakh crore of assets under its management this April.

Reliance Mutual Fund is the first mutual fund in India to cross this mark. The recent turmoil in the market has not affected the company’s fund mobilization capability.

On April 30, the total assets under management (AUM) of the fund was Rs 1,00,812 crore, including Rs 34,000 crore in equity schemes and Rs 66,800 crore in debt funds (liquid and fixed maturity plans).

New Delhi - India's Reliance Power Ltd said Friday that it has acquired three coal mines in Indonesia with total reserves of 2 billion tons.

The company did not give any financial details about the transaction.

The acquisition was carried out by its wholly owned subsidiary Reliance Coal Resources Pvt Ltd, the PTI news agency reported.

The company acquired a 100-per-cent interest in the Srivijaya Bintangtiga Energy, Bryayan Bintangtiga Energy and Sugico Pendragon Energy mines in South Sumatra province, which are spread over an area of 40,000 hectares, the report said.

Mukesh Ambani-led , India’s largest private company, has entered into a joint venture with New York Stock Exchange-listed Nova Chemicals for jointly designing and constructing energy-efficient buildings in India.

The proposed new joint venture plans to leverage NOVA Chemicals' green building and construction technology to design, engineer and build a range of high-efficiency structures for the Indian sub-continent.

The retailing arm of Mukesh Ambani-led Reliance group, Reliance Retail is all set to establish 60 iStores, an exclusive Apple products reseller format, across the country by next three years (2011).

After kicking off iStore in Jaipur, its first in North India and fourth in India after Bangalore, Hyderabad and Mumbai, Ajay Baijal, Reliance Industries (CDIT Business) CEO stated that iStore would house a complete variety of Apple products for professional as well as consumer sections including iMac consumer desktop computers, MacBook consumer notebooks, Mac pro and iPods.

Anil Ambani group owned telecommunication company Reliance Communications (RCom) has signed up a joint venture (JV) contract with telecom infrastructure company Alcatel-Lucent to offer up Managed Network Services (MNS) to telecom service providers in the country.

Under the agreement, the companies will frame up a new entity that will provide managed network services to both CDMA and GSM networks in 12 circles in northern and western India.

According to the sources, the joint venture will support RCom’s growth as well as progression outside India when the Indian market is saturated.

IL&FS Investment has maintained a ‘buy’ rating on the on Reliance Communications’ (RCom) with a long term target of Rs 610.

According to IL&FS, investors can purchase the stock between Rs 525-530 with a strict stop loss of Rs 507.

Today, the company’s shares opened at Rs 537, as against its last closure at Rs 539.05 on Friday (May 9), on the Bombay Stock Exchange (BSE). Current EPS and P/E ratio stood at 12.53 and 42.26 respectively. The share price has seen a 52-week high of Rs 844 and a low of Rs 455 on BSE.

Reliance BIG Entertainment, the media and entertainment arm of the $75 billion Anil Dhirubhai Ambani Group, has declared that it would produce, distribute and co-produce 69 films in nine different languages over the next two years.

The company made the announcement at the ongoing Cannes Film Festival in France.

The films include those in association with India's leading production houses and Reliance’s own in-house films.

Karvy Stock Broking Limited has maintained ‘Buy’ rating on Reliance Communications (RCom) stock with an intraday target of Rs 614.

According to Karvy, day traders can purchase the stock between Rs 586-588 with a strict stop loss of Rs 575. If the stock market remains on positive track, the next target for the day will be above Rs 615.

Reliance Industries Limited (RIL) has decided to purchase 50% stake in Rewas port connectivity project of Indian Railways.

The company would invest Rs 700 crore in the 25-km railway link between Pen station (40 km from Mumbai) and Rewas port.

Rail Vikas Nigam Limited (RVNL) is expected to clear the project on Friday (May 23).

Karvy Stock Broking Limited has maintained ‘Buy’ rating on Reliance Petroleum Limited (RPL) stock with an intraday target of Rs 193.

According to Karvy, day traders can purchase the stock between Rs 188-190 with a strict stop loss of Rs 186. If the stock market remains on positive track, the next target for the day will be above Rs 195.

Karvy Stock Broking Limited has maintained ‘Buy’ rating on Reliance Communications (RCom) stock with an intraday target of Rs 595.

According to Karvy, day traders can purchase the stock between Rs 580-583 with a strict stop loss of Rs 575. If the stock market remains on positive track, the next target for the day will be above Rs 598.

Lakhs of students in Orissa who have appeared in the Central Board of Secondary Education (CBSE) Class 12 examination in 2008 can easily check their results via Reliance mobile phones.

Reliance Mobile wants all the students to get the score as soon as possible through their Reliance handset as the official results’ website could run slow because of high traffic.

Karvy Stock Broking Limited has maintained ‘Sell’ rating on Reliance Communications (RCom) stock to achieve a target between Rs 530-533 today.

The investors are advised to sell the stock in order to avoid loss, as there are full chances of a downward trend in this stock.

If the stock fell below Rs 545, it may see more weakness.

According to Karvy, investors can sell the stock below Rs 550 with a strict stop loss of Rs 562.

After selling the stock in today’s session, the interested investors can enter the stock again, but only on declines.

Reliance Communications is likely to start due diligence of South African telecom giant MTN.

Karvy Stock Broking Limited has maintained ‘Sell’ rating on Reliance Indistries Limited (RIL) stock to achieve a target of Rs 2,250 today.

The investors are advised to sell the stock in order to avoid loss, as there are full chances of a downward trend in this stock.

If the stock fell below Rs 2,315, it may see more weakness.

According to Karvy, investors can sell the stock between Rs 2,320-2,330 with a strict stop loss of Rs 2,350.

After selling the stock in today’s session, the interested investors can enter the stock again, but only on declines.

Reliance Industries USA, a subsidiary of the Mukash Ambani-led Reliance Industries, plans to open its first North American plant in Kinston, N.C.

The company will create 204 jobs during the next five years and invest $215 million in a plant to manufacture a resin used in the production of plastic containers and specialty polyester yarns.

The jobs will pay an average wage of $46,500 plus benefits. The average wage in Lenoir County is $27,040.

Reliance chose Lenoir County over other locations because of the existing facility, the area's history in the polyester business, and state and local incentives.

Anil Ambani’s Reliance Life Insurance, the fourth largest private insurer in the country has launched the first-of-its-kind Reliance Super InvestAssure Plan (RSIP) in the market.

RSIP is company’s first pure equity unit linked insurance plan (ULIP), which offers guaranteed additional contribution for policyholders, apart from rich investment returns and maturity benefits.

The plan provides investors an opportunity to invest in eight different fund options. It has added Shariah compliant features like having no investments into industries such as non-banking finance, liquor, cigarettes, tobacco, and sugar among others.

Karvy Stock Broking Limited has maintained ‘Sell’ rating on Reliance Indistries Limited (RIL) stock to achieve a target of Rs 2,000 today.

The investors are advised to sell the stock in order to avoid loss, as there are full chances of a downward trend in this stock.

If the stock fell below Rs 2,070, it may see more weakness.

According to Karvy, investors can sell the stock below Rs 2,080 with a strict stop loss of Rs 2,120.

After selling the stock in today’s session, the interested investors can enter the stock again, but only on declines.

With the intention to strengthen the world’s largest voice over internet protocol (VoIP) network across 50 countries, India’s Reliance Communications Ltd. (RCom) has announced that its Reliance Globalcom unit has signed up a strategic alliance deal with New York-based Stealth Communications.

However, the financial details of the deal were not disclosed yet.

Karvy Stock Broking Limited has maintained ‘Buy’ rating on Reliance Indistries Limited (RIL) stock with an intraday target of Rs 2200.

According to Karvy, day traders can purchase the stock between Rs 2100-2120 with a strict stop loss of Rs 2080. If the stock market remains on positive track, the next target for the day will be above Rs 2202.

MTN Group is likely to issue 20 per cent fresh equity to Reliance Communications (RCom).

The deal will aid Ambani in attaining a greater power over the company by making him own up to 34.99% stake in the MTN.

However, one of the MTN promoters also seeks a stake in RCom.

The spokespersons of both the entities refused to mention any development, whatsoever.

The shares of RCom rose 12.5 % on the Bombay Stock Exchange.

Broking and stock market related products major Reliance Money, a part of the Reliance Anil Dhirubhai Ambani Group, has announced its foray into Nigeria through a partnership with Lagos-based industrial house Chellarams Plc.

Through this alliance, Reliance Money would be launching its Broking and Portfolio Management Services (PMS), Mutual Fund and Insurance distribution business. The company’s Portfolio Management Services in Nigeria would be offered at a threshold level of as low as US$50,000.

Indiabulls Securities Ltd has maintained a ‘buy’ rating on the Reliance Capital with a long term target of Rs 1,332.

According to Indiabulls, interested investors can purchase the stock between Rs 1,110-1135 with a strict stop loss of Rs 1,080.

Today (July 11), the company’s shares opened at Rs 1,136, as against its last closure at Rs 1,117.85 on Thursday  (July 10), on the Bombay Stock Exchange (BSE). Current EPS and P/E ratio stood at 41.75 and 26.83 respectively. The share price has seen a 52-week high of Rs 2925 and a low of Rs 822.50 on BSE.

ADAG group’s Reliance Money, the broking and financial services arm of Reliance Capital, has entered into an agreement with the Ahmedabad-based National Multi-Commodities Exchange (NMCE), to pick up 26% stake in the bourse, for an undisclosed amount.

NMCE, the third largest commodities bourse in the country in terms of turnover, is strong in three agro commodities pepper, rubber and raw jute. It also has presence in commodities like isabgul, sacking and rapeseed.

Earlier, the Bombay Stock Exchange (BSE), the oldest stock exchange in India, had announced in February its intentions to buy a 26% stake in NMCE. The deal is yet to be closed.

The consortium led by Phoenix Mills has inked a deal with Anil Ambani Group company Adlabs Cinemas for building country's largest multiplex cinema at its Kurla project – Phoenix Market City.

The 1,40,000 sq ft multiplex will have 15 screens and over 4,000 seats. Besides showing the latest releases, it would screen popular sports events and live concerts, a release said.

It will house two luxury screens with adjoining Ebony Lounges which would have live band performances round the year, the release said.

London, July 18: Reliance Communications proposed tie-up with South Africa’s telecom giant MTN could be derailed after corporate war between Ambani brothers intensified and arbitration proceedings were started against Anil Ambani’s group.

Mukesh Ambani controlled Reliance Industries has said that it had started proceedings after the mobile carrier, led by his brother Anil, failed to participate in meetings to resolve a dispute concerning ownership of shares.

The brothers have barely spoken since 2002 when the death of their father led to a break-up of the family conglomerate, The Financial Times reported.

The latest development will fuel doubts that Reliance Communications and MTN will create an emerging markets mobile telecom groups.

Mukesh Ambani owned Reliance Retail (RRL) has announced that it has decided to open 50- 60 ‘i stores’ in the coming one and half year, and 150 Reliance Digital stores by 2011-2012 in the Indian markets.

Reliance Digital provides home appliance, consumer electronics, IT and telecom products. While i store is a Apple Premium Reseller store, which exclusively deals with Apple products.
 
According to authorities of the company, i store will built on 1,000-1,200 square feet of area, while Reliance Digital will cover 20,000-30,000 square feet of land.

Mumbai-based Global Vectra Helicorp, Country’s largest private sector offshore helicopter company, has entered into a two-year aviation turbine fuel (ATF) contract with Reliance Industries and ONGC to hedge its jet fuel purchases.

The Reserve Bank of India (RBI) had allowed the Indian aviation industry to hedge their ATF price risks as early as May 2007, when crude prices were trading at nearly $70 per barrel.

In the last eight months, crude prices have risen by over 70% to around $135 per barrel.

Of the global population of around 25,000 helicopters, around 200 helicopters are operating in India, of which 150 are in the non-scheduled segment.  

Karvy Stock Broking Limited has maintained ‘Buy’ rating on Reliance Communications (RCom) stock with an intraday target of Rs 520.

According to Karvy, day traders can purchase the stock between Rs 495-497 with a strict stop loss of Rs 485. The stock pricing becomes more attractive, and reach above Rs 523, if the stock market remains positive.

London, Aug. 5 : Reliance Communications Chairman and Managing Director Anil Ambani has denied he is buying the English football club Newcastle United.

According to The Sun, Ambani, the sixth richest man in the world, was understood to have given Toon owner Mike Ashley a week’s deadline to accept a 260-million pound offer.

Now it turns out that Ambani is not in talks with the Tyneside club. A company statement read: “There are no such plans." (ANI)

Reliance Money, the financial distribution company of Anil Dhirubhai Ambani Group, will tie-up with the National Multi Commodity Exchange (NMCE) to set up a spot exchange for agricultural produce.  

The newly formed institution will be called National Agriculture Produce Marketing Company of India (National APMC).  

The spot exchange will provide an electronic trading platform, which will allow producers to get the best price for their commodity at a given point of time, since buyers from all across the country will be able to buy commodities through the exchange.  

Stock market analysts have maintained ‘Sell’ rating on Reliance Petroleum Limited (RPL) stock to achieve a target between Rs 155-157 today.

The investors are advised to sell the stock in order to avoid loss, as there are full chances of a downward trend in this stock.

If the stock fell below Rs 160, it may see more weakness.

According to analysts, investors can sell the stock below Rs 163.4 with a strict stop loss of Rs 166.3.

After selling the stock in today’s session, the interested investors can enter the stock again, but only on declines.

Technology war, which was associated with the CDMA and GSM-based operators, is now set to shake up the direct-to-home (DTH) entertainment industry.

Cable and DTH viewers are set to get a wider choice, with Anil Ambani Group firm Reliance Communications expected to start nationwide commercial operations of its DTH service from August 15.

'Big Digital TV DTH', a subsidiary of Rcom, is aiming to capture a substantial share of the DTH market that is projected to cross 25-million user base in the next three years.      

The sources have confirmed that Steven Spielberg and David Geffen would strike a deal with Reliance ADA Group to open a new studio.

According to the deal, the Reliance industries would invest about $500 million in the equity. Dream Works is feeling a need of additional $500 to complete the deal. This financial help can be provided by J.P. Morgan Chase & Co.  

On Tuesday, Anil Ambani promoted Reliance Natural Resources (RNRL) had demanded Rs 50,000 crore from MukeshAmbani who is the owner of Reliance Industries (RIL) to scrap the gas sale master agreement (GSMA) signed between the two companies.

At the Bombay High Court in the beginning of company’s argument over the supply of gas from the Krishna-Godavari Basin, RNRL counsel Mr. Mukul Rohatgi said, “Somebody decide that my demands are correct or else calculate and compensate me for the gas I should have got for 17 years.”

In Dadri, the power project was delayed because of the Mukesh Ambani-controlled company hasn’t assured them to supply the gas regularly, RNRL said.  
 

Mukesh Ambani-led Reliance Industries, India's largest public company, has entered into a 50-50 partnership with US-based Vornado to collectively invest $500 million in a shopping mall joint venture. Vornado Realty Trust is a fully-integrated equity real estate investment trust. It is one of the largest owners and managers of real estate in the United States with a portfolio of over 100 million square feet in its major platforms, primarily located in New York and Washington, DC metro areas.

The development plans for eight more gas discoveries has been submitted by the Reliance Industries in its prolific eastern offshore KG-D6 block.

The Reliance’s junior partner in KG-D6, Canada’s Niko Resources, reported, “The discoveries are adjacent to the Dhirubhai 1 and 3 gas fields that are currently under development.”

The production of Dhirubhai-1 and 3 discoveries are expected to commence by the end of September.

The Department of Telecommunications (DoT) is committed to launch 3G services, spectrum allocation and pricing on stipulated time frame. The much-awaited services are expected to be launched by mid September. The ministry for telecom may consult with finance ministry for further discussion on price issue and 3G spectrum allocations.

Meanwhile, the Telecom Regulatory Authority of India (TRAI) has ruled out any change in its earlier decision on offering links to Reliance Communication. However, the GSM operators are demanding fresh negotiation on the commercial grounds. TRAI had earlier asked all GSM players to provide links to GSM network of Reliance Communication.

Karvy Stock Broking Limited has maintained ‘Buy’ rating on Reliance Industries Ltd (RIL) stock with an intraday target of Rs 2265.

According to Karvy, day traders can purchase the stock above Rs 2220 with a strict stop loss of Rs 2200. The stock pricing becomes more attractive, and reach above Rs 2269, if the stock market remains on positive track.

Reliance Big TV has launched its Direct-to-Home (DTH) services on Tuesday.

Reliance Big TV is a wholly owned subsidiary of Reliance Communications, which has now entered in the home entertainment field.

The service would be available on the latest MPEG4 Direct-to-Home (DTH) platform with high picture quality.

Available in 6,500 towns, the DTH service will initially broadcast over 200 channels with digital quality picture and sound.

In its most recent effort to expand into the United States, Indian conglomerate Reliance ADA Group’s media and entertainment division is launching Jump Games U.S.A., a publisher and developer of mobile video games.

Reliance Big Entertainment said on Wednesday that Jump Games is “aggressively looking” to buy mobile content licenses and brands for distribution to mobile phones across the world.

Anil Dhirubhai Ambani Group (ADAG) has decided to re-brand all its ventures in the entertainment industry under the "big" umbrella, to make Reliance Big Entertainment a success.

The group plans to rechristen its media and entertainment arm, Reliance Entertainment, which will now be called as ‘Reliance Big Entertainment’.

The company will begin with Adlabs multiplexes across the country, which will called 'Big Cinema' after modification.

Stock market analyst E. Mathew has maintained ‘buy’ rating on Reliance Capital stock with an intraday target of 1312.

According to Mr. Mathew, interested traders can purchase the stock on declines near Rs 1264-1252 with a strict stop loss of Rs 1231. If the stock market remains positive, the stock pricing becomes more attractive, and reach above Rs 1319.
 
Shares of the company, on Thursday (Aug 28), closed at Rs 1284.55 on the Bombay Stock Exchange (BSE). The total volume of shares traded at the BSE was 1946750. Current EPS & P/E ratio stood at 42.74 and 31.22 respectively. The share price has seen a 52-week high of Rs 2925 and a low of Rs 822.50 on BSE.

The Reliance family is not satisfied with the terms of family memorandum of understanding (MoU). The Anil Ambani-controlled Reliance Natural Resources Ltd (RNRL) is planning to produce it in the Bombay high court. The family memorandum of understanding (MoU) was signed in 2005 and it is basis of the partition of the Reliance group.

Reliance Natural Resources Ltd and Mukesh Ambani’s Reliance Industries Ltd (RIL) are fighting with each other on Krishna-Godavari (KG) basin gas finding issue. A two-member bench of the Bombay high court directed to produce the document to check its legality.

Karvy Stock Broking Limited has maintained ‘buy’ rating on Reliance Industries Limited (RIL) stock with an intraday target of Rs 2250.

According to Karvy, interested traders can purchase the stock between Rs 2200-2210 with a strict stop loss of Rs 2175. If the stock market remains on positive track, the stock pricing becomes more attractive, and reach above Rs 2255.
 

Reliance Big Entertainment has bought majority stakes in Willow TV. Reliance Big Entertainment is a media and entertainment branch of the Anil Dhirubhai Ambani Group (ADAG), while Willow TV is the largest portal provider for cricketing actions in the world. The financial details for the acquisition are not disclosed by the companies.
 
The president of Reliance Big, Rajesh Sawhney explained the company’s plans for future investment in cricket portal. He disclosed that the company would invest Rs 300 crore for the portal.

The company is also planning to widen the coverage of Willow TV from net to mobile and TV. The company is a known name in film distribution in US.

RIMs Blackberry phones will now provide the users with Microsoft’s web search engine.  The service would be available to the users, later this year.

In order to increase its market share, Microsoft is trying to promote search engine Live.com, which is still lagging behind Google and Yahoo.

Today, RIM also announced a deal with Tivo, the Canadian makers of smart phone, which will offer a variety of mobile entrainment services.

Anil Dhirubhai Ambani Group company  Reliance Infrastructure has revealed its plan to invest Rs 400 billion to set up a steel plant with a capacity of 12 million tonnes in the eastern state of Jharkhand.

While commenting on the plan, Mr. K.K. Khandelwal, industry secretary of the Jharkhand state government, stated, “We have received the proposal from Anil Ambani Group. It is still under process.”

Reliance Infrastructure, formerly known as Reliance Energy, participates in telecoms, financial services, power and infrastructure, engineering and construction businesses.

Anil Ambani owned Reliance Capital has made announcement that the company envisages to pump Rs 2,000 crore in its insurance business segment in the coming three to five years.

While addressing the Annual General Meeting of Reliance Capital, Mr Anil Ambani, the company's Chairman remarked that it would spend Rs 2,000 crore in its insurance business, taking the total investment to Rs 4,000 crore over the next 3-5 fiscals.

Private sector based Reliance Capital is one of leading financial service conglomerate of the country.

According to the sources, through the proposed investment, the company's employee base would also be bolstered to about one lakh from the present 30,000

Reliance Communications along with Research in Motion (RIM) has launched the country's first prepaid Blackberry services on both GSM and CDMA models.

Before Reliance, Blackberry services are only available across the country on postpaid connections of Vodafone Essar and Bharti Airtel.

Anil Dhirubhai Ambani Group company Reliance Capital, a major financial services provider, has drawn the road map for its foray into various sectors including housing finance, banking and PE businesses.

The company has already made the necessary applications for these proposed businesses with the concerned authority, for which the company is awaiting regulatory approvals.

Presently, Reliance capital is raising $1 billion (over Rs 4,600 crore) from foreign investors for its foray into the private equity (PE) business.

According to sources, the fund will invest in the Indian equity market after finishing the capital raising plan by December 2008.

Recently, Reliance Communications made the announcement that the company is investing around USD 3 billion for their upcoming GSM operations in the Indian market.

Initially, the company would begin their operations in 250 big cities and during next year would expand it to other parts of the country. They aim to match the standard of their CDMA network by the end of next year.

To have exclusive launches of mobile packages, along with phones, the company is joining forces with mobile phone makers including Motorola, Sony Ericsson, LG Group, Bird International, Fly Mobile and Huawei. Others players with which Reliance is in talks include Nokia and ZTE. 
 

A branch of the Anil Dhirubhai AmbaniGroup, Reliance Capital (R-Capital), is, now, eying on the insurance business. It is planning to invest Rs 2,000 crore in insurance businesses in the next three years. The company would also enter in the banking, home loans and consumer finance businesses as disclosed by the chairman of group, Mr Anil Amban, in a meeting between company officials and shareholders.

R-Capital Chairman, Anil Ambani told the shareholders that the group is working on many plans for next three years. The company would increase its distribution network from 4,000 to 20,000 cities across the country. The company also intends to venture into non-banking financial companies (NBFCs). It would start two separate companies for housing and consumer finance.

Stock market analysts have maintained ‘buy’ rating on Reliance Capital stock with an intraday target of Rs 1145. 

According to them, interested traders can purchase the stock above Rs 1126 with a strict stop loss of Rs 1095. If the stock market remains positive, the stock pricing becomes more attractive, and reach above Rs 1178. 
 
Shares of the company, on Thursday (Sep 18), closed at Rs 1123.70 on the Bombay Stock Exchange (BSE). The total volume of shares traded at the BSE was 4219379. Current EPS & P/E ratio stood at 42.74 and 27.65 respectively. The share price has seen a 52-week high of Rs 2925 and a low of Rs 822.50 on BSE. 

The Mukesh Ambani-run Reliance Industries would start gas production from D6 block by the end of November. The company is also expected to start oil production from this segment of Krishna Godavari basin. 

It was disclosed by the chief directorate general of Hydrocarbon Mr. V K Sibal. He said that the company would produce 15,000 barrels of oil per day. It would decrease India’s dependence on oil import.

RIL, in collaboration with China National Petroleum Corporation (CNPC) and Argentina's Pluspetrol, have bagged rights on Block 155 to extract oil.

The block 155 lies in Southern highland region of Puno, next to the Bolivian border. Since April this yea, it has acquired 90 percent stake in Block 141 in Peru from Pan Andean Resources Plc, In May it acquired 50 percent in block 108 in Peru from Pluspetrol Energy SA, on June 29, it acquired 10% stake in lot 39 in northern Peru from Burlington Resources Inc, .

Stock market analysts have suggested investors to sell Reliance Communications Limited (RCom) stock as there are full chances of a downward trend in this stock.

Today, the stock opened weak at Rs 365, against its last closure at Rs 369.35 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 10.16 and 35.94 respectively. The share price has seen a 52-week high of Rs 844 and a low of Rs 325 on BSE. 

Reliance Industries (RIL) is planning to release gas from its D6 well in the Krishna Godavari basin in January 2009. The company is the biggest private sector petroleum company of India. It has, recently started oil production from the Krishna Godavari basin. The company has good presence in many countries in exploration & production (E&P) of oil. It has 54 blocks of oil exploration in eight countries. 

The government is expected to declare Raigad as 'green zone'. The Congress-Democratic Front government has chalked out a new plan to deal with the resentment among the farmers who’s land is acquired for SEZ project. It is recalled that the farmers are not in favor of Mukesh Ambani's multicrore SEZ project.

A senior congress minister said that they are waiting for the report of collector of Raigad, Nipun Vinayak. The government would stop all development activities in the region following the opposite verdict of the collector. He also assured that the land should not be used for commercial purposes. The collector is expected to submit its report within a week.

The government is expected to declare Raigad as 'green zone'. The Congress-Democratic Front government has chalked out a new plan to deal with the resentment among the farmers who’s land is acquired for SEZ project. It is recalled that the farmers are not in favor of Mukesh Ambani's multicrore SEZ project.

A senior congress minister said that they are waiting for the report of collector of Raigad, Nipun Vinayak. The government would stop all development activities in the region following the opposite verdict of the collector. He also assured that the land should not be used for commercial purposes. The collector is expected to submit its report within a week.

The shares of Reliance Industries Ltd witnessed a decline of 0.72 percent on the BSE. The shares closed at Rs 2,037. The company failed to excite the market by announcing production of gas the KG-D6 block. 

The company has announced to start production from D6 basin in January. RIL Chairman, Mukesh Ambani has also announced that the company would raise oil output to 550,000 barrels a day in six to eight quarters. However, the government has forecasted that the production would begin by November.

Anil Dhirubhai Ambani Group (ADAG)-promoted Reliance Power (R-Power) would pay attention toward renewable and alternative energy resources such as hydroelectric, wind, solar and fuel cell-based power. The company is planning to invest Rs 60,000 crore in alternate energy sector. The company would also invest over Rs 12,000 crore in cement and shipping businesses through its fuel transportation arm, Reliance Natural Resources (RNRL). These projects would be set up near the power plant projects of the company. The company also intends to enter in solar energy sector in future. 

Reliance Communications (RCom), part of the Anil Dhirubhai Ambani Group, has finally launched its GSM services across major cities in the country.

The firm has initially launched the service in Mumbai, Delhi, Gujarat, Punjab, Bangalore and Chennai.

According to sources, the company has provided GSM phones to its employees for testing the service installed over 2,500 towers in Mumbai and Delhi circles and invested around Rs 800 crore each for the purpose.

Today’s evening will witness the crucial court hearing related to the gas delivery from RIL’s prolific Krishna-Godavari asset, for which Mr. Mukesh D. Ambani, Reliance Industries Ltd’s chief, had been eagerly waiting for. 

Reliance Money, part of the Reliance Anil Dhirubhai Ambani Group, has informed that it has obtained approval from Ministry of Consumer Affairs to acquire a 10% stake in the National Multi-Commodity Exchange of India (NMCE) Board.

The latest development will mark company’s foray into the national commodity exchange space that is expected to cross an annual turnover of Rs 74 lakh-crore (volume) by next year.

The largest corporate house of India, Reliance Industries (RIL), has expressed its desire to sort out NTPC issue with dialogue. Currently, the matter is in courts due to dispute over gas supply from its Krishna-Godavari gas fields. 

The matter is also a major cause of fight between the power and petroleum ministries. The case of NTPC got weakened when the petroleum ministry’s counsel TS Doabia informed the Bombay HC about the incompletion of agreement between RIL and NTPC.

Oscar Winning director Steven Spielberg has broken business ties with Paramount pictures and is all set to start a new venture with Anil Ambani's Reliance, and will make 6 films in a year. The top executives of Dream Works, David Gaffen, Steven Spielberg and Stacey Snider were close to finalizing the new project. 

Dreamworks was started by Spielberg and David Gaffen in 1994 with Katzenberg, but sold it in 2006 to Viacom, Paramount’s Parent.  

Geffen will not be part of the new venture, according to a statement by Paramount and Dreamworks.

Reliance Money, a unit of Reliance Capital and part of the Anil Dhirubhai Ambani group, has sought permission to acquire an additional 16% stake in the National Multi-Commodity Exchange (NMCE).

Last month, Reliance Money picked up 10% stake in NMCE and now the firm is seeking approval from the Forward Markets Commission (FMC) and Ministry of Consumer Affairs for an additional 16 per cent stake in NMCE within the next three months.

The memorandum of understanding (MoU) between estranged brothers Mukesh Ambani and Anil Ambani would be produced in court on Wednesday. This is the basis of division of Reliance group of businesses between the two brothers. The lawyers for the Anil Ambani-owned Reliance Natural Resources Ltd (RNRL) confirmed they would appraise the court about the relevant contents of MoU to resolve the dispute in the largest corporate house of India. 

Citibank has revealed that it will soon enter into a 50:50 joint venture (JV) with Mukesh Ambani-owned Reliance Retail with the aim to distribute the former`s consumer finance products such as loans and credit cards.

According to the sources, the JV is likely to work as a non-banking financial conglomerate (NBFC) with a combined investment of Rs 5 billion.

Citibank has already commenced distributing its retail banking products through Reliance Retail. Citibank has pumped about US$ 62 million in the partnership. 

Anil Ambani managed Reliance Communications, country’s second biggest wireless operator, has announced a mobile plan christened ‘Rs 550 Jaadu Pack’ that is set to re-define the mobile telephony market in Indian market. 

With this newly introduced plan, pre-paid subscribers with lifetime validity would now be able to make local calls at just 50 paise per minute and STD calls to any phone anywhere in India at just Re 1 for lifetime by making a one-time payment of just Rs 550.

Anil Ambani-run Reliance Money has acquired 15 pc stocks in Hong Kong Mercantile Exchange (HKMEx). Reliance Money is the retail branch of Reliance Capital. It would be the first ever Indian company to acquire a stake in an international exchange. HKMEx is likely to start services in the first quarter of 2009.

On Thursday, the central government was questioned by the Bombay High Court as to why it wanted to interfere in the petition filed by Reliance Industries Ltd in its case against Reliance Natural Resources Ltd over gas supply agreement.  

A division bench of Justices J N Patel and K K Tated questioned government's lawyer T S Doabia, “How is the government affected by grounds on which RIL has filed appeal against single judge's order?”

As always Reliance has made its mark. A record breaking 5,00,000 subscribers were roped in by Big TV DTH, a part of Reliance Communication in the first two months of its launch.

Reliance Communications, part of the Anil Dhirubhai Ambani Group, has entered into a strategic alliance with five computer hardware suppliers, to offer free laptops with internet connectivity to customers.

The computer companies are Intel Corp, Acer, Asus, HCL Infosystems and Lenovo.

The company claims that, the latest introduced scheme will enable customers to get free laptops powered by Intel's 'Atom' with high-speed internet data card service of Reliance.

However, under the scheme, customer has to pay monthly installment of Rs 1,500 for two years duration.

Reliance Communication is Country 's leading wireless internet service provider with over 10 lakh customers and access to 20,000 towns and 4.5 lakh villages in the country.

In a new development, in the Reliance Industries (RIL) versus Reliance Natural Resources Ltd (RNRL) case on sharing the natural gas from the KG basin fields, the division bench of the Bombay High Court has allowed the intervention of the government in the case.

Reliance Communications and HTC Corporation entered into a strategic alliance to introduce the innovation-packed HTC Touch Diamond - CDMA (P3051) in the Indian market.

The recent declaration further strengthens the successful partnership between HTC and Reliance Communication to roll out superior and top-notch mobile handsets for India in the strong-growing CDMA market in India.

Under the alliance, the HTC Touch Diamond - CDMA (P3051) will be exclusively provided on Reliance Communications state-of-the-art wireless network spread across 15,000 towns and 4 lakh Indian villages.

The net profit of Anil Ambani group firm, Reliance Power stood at Rs 37 crore for the quarter ended September 30. The company registered a total income of Rs 56.96 for the second quarter. The company maintains cash and liquid balance of Rs 10,756 crore as per the filing of company report at the Bombay stock exchange.

Reliance Big Entertainment arm BIGFlix.com, India's largest Video on Demand and DVD Rental service, has entered into partnership with BookMyShow.com, India’s premier Entertainment ticketing website, to offer movie rental services at your doorstep. 

Under the arrangement, all bookmyshow.com users will offer a free BIGFlix.com membership, which will be valid for a period 14 days. The customer will be able to rent and watch unlimited movies of his choice from a catalogue of around 20,000 BIGFlix.com titles through the entire period of 14 days. 

Reliance Mutual Fund, Country's No 1 fund house, has launched 'Reliance Fixed Horizon Fund- X-Series 8', a close-ended income scheme in the market. The face value of new issue is Rs 10 per unit. 

The primary investment objective of the scheme is to seek to generate regular returns and growth of capital by investing in a diversified portfolio of central and state government securities and other fixed income/debt securities normally maturing in line with the time profile of the scheme with the objective of limiting interest rate volatility. 

Zapak Digital Entertainment Ltd, Country’s largest online gaming company, a Reliance ADA Group Venture, has announced the launch of their first gaming portal for the international markets - Zapakworld.com at “Casual Connect” held at Ukraine. 

According to the sources, over 50 international developers have already signed on with Zapakworld.com to provide games. 

Big TV, the Direct-to-Home (DTH) service of Anil Ambani's Reliance Communications (RCom), claimed that it has become the fastest growing DTH player in the country, as it has crossed the magic figure of 500,000 subscribers within two months of its launch.  

According to the company's CEO Arun Kapoor, crossing the 5-lakh customer milestone within two months is indeed a testimony to the superior value proposition offered by BIG TV, and its success in accelerating the growth momentum of DTH sector in India.”

Adlabs Films, a member of the Reliance Anil Dhirubhai Ambani Group and the leading entertainment conglomerate in the country, has notified that the board of directors of the company has approved a scheme of arrangement envisaging demerger of its radio business into Reliance Unicom Ltd.

The Dabhol power plant in Maharashtra would get gas from Krishna-Godavari (K-G) basin on a priority basis. K-G basin is being developed by Reliance Industries in Andhra Pradesh. RIL is directed by the union petroleum ministry to sell gas at $4.2 per million British thermal unit (mBtu) after the judgment of the court. It also asked RIL to supply gas to some fertilizer plants.
 

Karvy Stock Broking Limited has maintained ‘buy’ rating on Reliance Industries Ltd (RIL) stock with an intraday target of Rs 1250.

According to Karvy, interested traders can purchase the stock between Rs 1185-1190 with a strict stop loss of Rs 1160. If the stock market remains on positive track, the stock pricing becomes more attractive, and reach above Rs 1258.
 

Union government had withdrawn the affidavit from the Bombay High Court, which was filed over RIL-RNRL gas dispute case. The affidavit was filed by the oil ministry, explaining the contractual violations over the sale of Krishna-Godavari basin gas.

Reliance Big Pictures is gearing up to release 18 movies for 2009 release. Out of these, 11 films will be released in Hindi while the other seven films will be in five regional languages. Big Pictures in association with Excel entertainment will release Luck By Chance, the directorial debut of Zoya Akhtar on 30 January. The movie stars are Farhan Akhtar, Juhi Chawla, Konkana Sen Sharma, Rishi Kapoor, Dimple Kapadia and Hrithik Roshan in a special appearance.  

The Anil Ambani-led Reliance Communications has launched nationwide GSM services from December 31. The company is already operating almost all telecom circles with its CDMA services. The company would cover 11,000 towns and 3.40 lakh villages across the country by investing Rs. 10,000-crore in the field of mobile telephony. Reliance Communications has received spectrum to roll out GSM services in January this year and has set a record to launch services within a record low period.

Global rating agency Standard & Poor's forecasts negative outlook for the Reliance Industries Ltd (RIL). Increased debt and pressure on profitability may affect the growth of the company. The rating firm had earlier projected stable outlook for Reliance.

S&P's credit analyst, Mr. Mehul Sukkawala added, "Profitability however is expected to be adversely affected by lower fuel demand, especially in the developed markets."

Industrialist Anil Ambani emerged as the biggest loser of the year and tops the list of 'Billionaire Blowups of 2008', compiled by prestigious US magazine, Forbes.

Earlier, he was ranked as the sixth richest person in the world with a net worth of 42 billion dollars by the same magazine. He was also credited to add the maximum wealth within less than a year.

As a part of the nationwide roll out of its GSM services, Anil Ambani-led Reliance Communications has finally launched its GSM Services in Mumbai.

With the latest move, Reliance Communications has became the first private CDMA service provider in India to provide GSM services.

It may be noted that few days earlier, the company had announced the launch of its GSM services across 11,000 towns in the country.

As per views of Karvy Stock Broking Limited, traders can purchase Reliance Petroleum (RPL) stock around Rs 92 in order to achieve a target of Rs 98 in 1-2 days.

The stop loss for the suggested counter is Rs 88. The stock pricing becomes more attractive, and reach above the said level, if the stock markets remain positive.

On Tuesday (Jan 06), the company’s shares closed at Rs 91.05, down 1.62%, on BSE. The total volume of the shares traded was 9681390. The stock has also seen 52-week high of Rs 259.80 and low of Rs 68.55 on BSE.

Anil Dhirubhai Ambani Group company Reliance Capital, a major financial services provider, has finally secured an approval from the National Housing Bank (NHB) for setting up a housing finance company.

It may be noted that, Reliance Capital is already into the mortgage business through its wholly-owned consumer finance arm Reliance Consumer Finance.

It was recently informed by Reliance Industries (RIL) that it is facing "irreparable harm and injury." The blame for it is being put on a resource crunch caused by investments into the Krishna-Godavari basin.

The company said that if Anil Ambani group wins the case then RIL is ready to re-route gas to Anil Ambani group.

It was recently informed by India's largest listed company, Reliance Industries Ltd that the company's quarterly earnings sank by 9.8%, which is its first drop in three years. However, the forecasts have been beaten by the company as refining margin eased less than expected.

It is being hoped by Reliance, which is India's largest petrochemical producer and refiner that the good times for the company will commence in the second half of February when it will start generating 30-40 million cubic metres of natural gas a day from its deep-sea fields off India's east coast.

India's largest CDMA operator, Reliance Communications (RCOM) announced financial results for the third quarter ended December 31, 2008. The company reported marginal increase of 2.7 per cent in net profit during the period.

The Anil Ambani-promoted company reported significant decline in revenue from the wireless and broadband business segments.

The Tilaiya ultra mega power project (UMPP) in Jharkhand has been acquired by Reliance by proposing to supply power at Rs 1.77 per unit, which is the lowest price quoted by the four companies in the fray.

The government owned NTPC was the one to come with the next bid for the Rs 16,000-18,000-crore project that assured to provide power from the pithead coal project at Rs 2.39 per unit.

Jindal Steel and Power and Sterlite Industries were other two bidders. The former offered to supply power at Rs 2.69 per unit whereas latter bid the highest at Rs 2.97 per unit.

Reliance-Anil Dhirubhai Ambani Group (R-ADAG) owned Reliance Communications (R-Com) has launched Global System for Mobile (GSM) in New Delhi on Sunday, after starting services in several parts of the country.

R-Com regional head - Delhi, Haryana and Rajasthan circles, C. S. Rana said, "We got the licence for GSM services last year and within 11 months the company has launched the services in almost the entire country." He said that its low-tariff and affordable services besides good coverage, that are attracting people toward Reliance.

Reliance Communications, part of the Anil Dhirubhai Ambani Group, has finally launched its GSM services in over 50 towns and more than 5,000 villages in Jammu and Kashmir.

With the launch, the subscribers in J&K can now experience best-in-class telephony services at the most friendly price points, including local calling and SMS, STD, ISD, roaming and Value -Added Services.

India's Reliance Infrastructure Ltd, part of the Anil Dhirubhai Ambani group, on Friday launched a Rs 700 crore ($144 million) buyback offer to boost its share price and returns.

The company said it would buy back shares from the open market at up to Rs 700 each, a premium of more than 27 percent to Thursday's closing price of Rs 550. It may be noted that the buyback announcement comes within a week of the infrastructure firm completing its Rs 796 crore buyback from the open market.

Anil Ambani-led Reliance Communication (RCOM) has signed an agreement with US-based Ditech Networks to deploy the latter's voice enhancement solution on its recently unveiled GSM network.

The deal is estimated to be worth Rs 50 crore and deployment is expected to enhance voice clarity on Reliance Mobile by approximately 30 per cent'.

Under the arrangement, RCOM will initially deploy Ditech's voice enhancement solutions across Top 10 towns and then extend coverage across other locations.

It should be noted that on Thursday, RCom has already commenced trial runs on Ditech's network

It has recently come to vision that Reliance-Anil Dhirubhai Ambani Group (R-ADAG)-controlled BIG TV has withdrawn from partnering the Indian Premier League (IPL). The reason behind the withdrawal is the discrimination by the league's broadcast rights-holder Sony Entertainment Television (SET).

IPL CEO Sundar Raman was the one who received the BIG TV's decision, who alleged that SET has decided to provide the contract to competitor Airtel DTH, though it quoted a lower price for on-air partnership, sources close to the development told Business Standard.

Reliance Infrastructure Ltd plans a special program to buy-back shares worth $143 million, in a bid to reduce outstanding number of equity shares in troubled times, till mid April. The firm would buy shares at maximum price of Rs 700 per share with premium of 27 per cent to the prevailing market price. Soon, it would start buy back process through open market purchase.

The firm hopes increased earning per share, leading to improvement in net worth. The company had also brought back 87.60 lakh shares worth Rs 796 crore trough an open offer closed on Feb 6, 2009.

India's power generation capacity may increase by 500 to 4,000 MW in months to come following RIL's contribution of around 18 mmscd gas from KG basin D6 block. Country, mainly dependent on import of liquefied gas and other petroleum products, has a reason to cheer as it would help to cut import bill, a big burden of state exchequer.

Anil Ambani-led Reliance Infrastructure, in a revelation before Bombay Stock Exchange, said that one of its promoters AAA Communication Pvt Ltd. pledged 16.35 per cent stakes in Reliance Infrastructure. Its other promotes includes Reliance Capital, Sonata Investments Ltd, Reliance Inn ventures Pvt. Ltd, Reliance General Insurance Company besides Ambani family.

Total of 3.72 crore shares are able to fetch Rs 2,119.92 crore to the promoter, considering prevailing market price of shares of Reliance Infrastructure. AAA Project Ventures held a 36.66 per cent stake out of 37.33 per cent stake of promoters in the firm.

Reliance Industries is likely to start supply of natural gas from KG-D6 basin from April this year, helping the country to reduce its gas import bill and satisfying its energy needs. The gas obtained from RIL would be used for household needs and transport sector, supplying gas through pipelines first time in the country.

Union Petroleum Minister, Murli Deora said, "It has been decided to supply the first 40 million standard cubic meters per day of gas to meet the shortfall of exiting gas-based urea plants, LPG plants and power plants."

Reliance Globalcom, the international arm of telecom service provider Reliance Communications, has secured a multi-year contract from British optical retailer Specsavers for its enterprise solution.

Under the arrangement, Reliance Globalcom will supply its enterprise solution for connecting 1,150 worldwide retail outlets of the retailer. The deal covers 10 countries across Europe, Australia and New Zealand.

However, the financial details of the deal have not been disclosed by the company.

Mumbai, Mar 2 : The board of directors of Reliance Industries headed by Mukesh Ambani on Monday agreed to merge with its refinery subsidiary, the Reliance Petroleum Ltd. (RPL).

Both the companies, in their respective filings, agreed on one equity share for the RPL shareholders and 16 for the RIL shareholders.

This development has resulted in formation of one of the largest refineries in the world.

Reliance Power Transmission Ltd (RPTL), an associate company of Reliance Infrastructure Limited, has signed power transmission agreements with eight entities from the western region.

The agreements are for two inter-State power transmission projects, under the Western Region System Strengthening Scheme (WRSSS) - II.
The signing of the agreements will lead to financial closure for these projects, costing Rs 1,800 crore.

Reliance Communications Limited, a part of the Anil Dhirubhai Ambani Group, has finally rolled out its CDMA wireless broadband service in the country under the name 'Reliance Netconnect Broardband Plus'.

With downlink speeds of up to 3.1 Mbps and uplink speeds of up to 1.8 Mbps, Reliance Communications' Netconnect Broadband Plus is offering 30% higher downlink rate in comparison to any other wireless broadband offering.

Reliance Communications (RCom), the part of the Anil Dhirubhai Ambani Group, is riding high these days.

The company announced that its total subscriber base has gone up to 69.38 million as it added 3.38 million new customers on both GSM and CDMA networks during the last month (Feb 2009).  

RCom had claimed over 5 million additions for the month of January (2009).

State-run Indian Oil Corporation (IOC) has proposed a 50:50 partnership to operate 1432 closed petrol pumps of Reliance Industries (RIL), having 15 per cent fuel market share by the closing date of March 2008.

Other firms including Royal Dutch Shell, Bharat Petroleum Corporation (BPCL) and Hindustan Petroleum Corporation (HPCL) have also shown interest in partnership with Reliance.

The private firm suffered huge losses in early 2008 due to difference in retail price of petrol and diesel sold by public sector oil companies and other private firms leading to closure of RIL's petrol pumps.

Karvy Stock Broking Limited has maintained ‘buy’ rating on Reliance Industries (RIL) stock with an intraday target of Rs 1465.

According to Karvy, interested traders can purchase the stock between Rs 1425-1430 with a strict stop loss of Rs 1415. If the stock market remains on positive track, the stock pricing becomes more attractive, and reach above Rs 1470.
 

Karvy Stock Broking Limited has maintained ‘buy’ rating on Reliance Industries (RIL) stock with an intraday target of Rs 1550.

According to Karvy, interested traders can purchase the stock between Rs 1520-1525 with a strict stop loss of Rs 1510. If the stock market remains on positive track, the stock pricing becomes more attractive, and reach above Rs 1555.
 
Shares of the company, on Wednesday (March 25), closed at Rs 1533.40 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 99.41 and 15.52 respectively. The share price has seen a 52-week high of Rs 2706.60 and a low of Rs 930 on BSE.

To strengthen its GSM reach, Reliance Communications (RCom) has rolled out its post paid GSM services in Uttar Pradesh and Uttarakhand.

While making the announcement, Mr. Salim Haq, RCom Regional Head UP and Uttarakhand, stated that the post paid customers in both the states would be offered three plans.

Under the first plan that costs Rs 129 monthly, subscribers can make all local and STD calls at the rate of Rs 1 per minute.

Techncal analyst Anand Rathi maintained ‘buy’ rating on Reliance Communications (RCom) stock with a long term target of Rs 260.

According to Mr. Rathi, interested investors can buy the stock with a strict stop loss of Rs 150.

Today, the company’s shares opened at Rs 170, as against its last closure at Rs 168.75 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 8.36 and 20.47 respectively. The share price has seen a 52-week high of Rs 608.85 and a low of Rs 131.35 on BSE.

The Bombay Stock Exchange saw a 10 percent rise in the stocks of fertilizer companies today, following the March 27 gas sales and transportation contracts between Reliance Industries (RIL) and 12 fertilizer firms, who would receive the first produce from RIL's eastern offshore KG-D6 (Krishna Godavari-Dhirubhai 6) fields.

The telecommunications company of the Reliance-Anil Dhirubhai Ambani Group – Reliance Communications has rolled out a new recharge voucher – “Jaadu STV 45” – for the prepaid subscribers of its Reliance Mobile GSM Service, in Uttar Pradesh, Uttarakhand, and Karnataka Circle.

The customers of the Reliance Mobile GSM Service have a new pack coming their way - the company Thursday launched a 'Jaadu STV 45' tariff voucher, which boasts of a multitude of benefits!

A part of Reliance Mobile's ongoing Customer Experience Programme, the new Rs. 45 recharge pack comes with 90-day validity, and offers talk-time worth Rs. 20. The call charges of the new Jaadu 45 pack, for current and new Reliance GSM subscribers, would be 60 paise per minute for local calls to any network, and Re 1 per minute for STD calls.

Karvy Stock Broking Limited has maintained ‘buy’ rating on Reliance Petroleum Ltd (RPL) stock with an intraday target of Rs 112.

According to Karvy, interested traders can purchase the stock between Rs 102-103 with a strict stop loss of Rs 98.50. If the stock market remains on positive track, the stock pricing becomes more attractive, and reach above Rs 114.
 
Shares of the company, on Thursday (April 02), closed at Rs 103.60 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 206.45 and a low of Rs 68.10 on BSE.

Anil Dhirubhai Ambani Group company Reliance Communications on Monday launched its high-speed wireless broadband services in Kolkata.

The company claims that newly launched service is Country's fastest internet service with a peak downlink speed of upto 3.1 Mbps and an uplink speed of up to 1.8 Mbps. The company will deliver the services on its CDMA platform.

The company has launched multiple subscription plans for its wireless broadband service ranging from a monthly rental of Rs 299 to Rs 1,750. In addition, the company will take Rs 3,500 as one time cost for USB modem separately.

In a significant move, country's second largest mobile-phone operator, Reliance Communications (RCom) has decided to repurchased US $ 5 Million (about Rs 25.26 crore) foreign currency convertible bonds (FCCBs) at discount from the international markets.

In a disclosure to the Bombay Stock Exchange, the Mumbai based company, owned by Anil Ambani said that it has bought back 50 zero coupon FCCBs aggregating Rs 25.26 crore.

The filing further added that the repurchased bonds are expected to extinguish on April 15, 2009.

With the help of funds from its internal accretions and the foreign exchange proceeds, Reliance Communications intends buying back foreign currency convertible bonds (FCCBs) at a mark down, depending upon the central bank approval.

A tender offer, for repurchasing the bonds for cash at a discount, has been issued by the company to all its bond holders.

Following the recent withdrawal of the export-oriented unit (EoU) status of Jamnagar refinery, a move facilitating the sale of its products in the domestic market, Reliance Industries Ltd (RIL) is expected to get on with it selling fuel in the country, next week onwards.

RIL's decision to go in for a change in status of the refinery is reported to have come in the wake of a nosedive in the prices of international crude and petroleum product. The drop in prices has reduced the company's its export realization, thereby indicating lower margins.

With the help of finances arranged from more than a dozen domestic banks and financial institutions, the Anil Ambani-led Reliance Power Tuesday announced a tie-up of Rs 14,500 crore funds for its Madhya Pradesh-based, Rs 19,400 crore, 3,960 MW Sasan Ultra Mega Power Project.

As per the company officials, the tie-up comprises the biggest-ever debt that has been raised from domestic banks and institutions, for any project among any industry in the country.

Nirmal Bang Research has maintained ‘Sell’ rating on Reliance Capital stock to achieve a target that lies between Rs 475-430.

According to research report, investors can sell the stock with a strict stop loss of Rs 517.

Today (April 23), the stock opened at Rs 512.25 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 41.65 and 12.05 respectively. The share price has seen a 52-week high of Rs 1620 and a low of Rs 274.20 on BSE.

Nirmal Bang is of the view that investors should sell the stock today in order to avoid loss.

Revenues declined by 23.9 % y-o-y to Rs 28362 crs in Q4 09. Decline in revenues is attributable to poor performance across segments. Revenue from Petrochemicals segment declined 31.1% y-o-y to Rs 9724 crs.

Refining segment registered decline in revenue of 24.6% y-o-y to Rs 21631 crs, while revenue from oil&gas segment declined by 11.1% y-o-y to Rs 736 crs.

Few week ago, a 92 year old man suffered from an acute myocardial infarction (death of heart muscle) and was hospitalized in Kokilaben Dhirubhai Ambani Hospital, Mumbai.He was given treatment as well as medication for 15 days but, all in vain. He still continued complaining about severe chest pain.

After viewing his unstable condition, Dr Dalal without losing a single minute, has suggested option of angiography. But his family members were seen worried about invasive procedures as he was 92 years old.

Air Works has taken the attempted sabotage case of Anil Ambani’s Bell 412 helicopter - parked in the Air Works’ hangar for repair and maintenance - quite seriously. Till the time investigations do not reach their conclusive end, 52 of the non-technical workers of the company have been directed to stay off duty.  

Stock analysts have maintained 'Buy' rating on Reliance Power stock to achieve an intra-day target of Rs 140.

According to them, interested day traders can buy the stock around Rs 35.50 with a stop loss at Rs 133.

Shares of the company, on Tuesday (May 06), closed at Rs 135.90 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 309.40 and a low of Rs 82 on BSE. Current EPS and P/E of the stock stood at 1.04 & 134.34 respectively.

A Business Process Outsourcing (BPO) unit for the media space has been initiated by the Reliance Anil Dhirubhai Ambani Group's cinema and entertainment services company - Adlabs Films. The BPO, announced by the company on Thursday, will abide by the Motion Pictures Association of America Standards.

Reliance Big TV, the (DTH) arm of the Anil Dhirubhai Ambani Group, is all set to sign deals with Fox, Warner Brothers and Korean Broadcasting to bring global channels in India.  

On finalization of deal, Big TV will introduce five global channels of Fox and one global channel each of Warner Bros and Korean Broadcasting. The name of these channels includes Fox Adventure, Fox Crime, Fox FX, Fox History, Nat Geo Music, Warners WB Movies and KBS World.

In its latest research report, Nirmal Bang, an equity research firm, said that Reliance Communications (RCom), which presently stuck in a band of 230-250, can give good returns within 4-5 trading sessions.

The report further stated that, if the counter is successful to breach 250, then it will create a huge breakout.

Nirmal Bang Research has advised investors to hold the stock to achieve a target price of Rs 280.

Furthermore, the firm has suggested a support level for the scrip at Rs 229 and resistance level at Rs 255.

In response to the "smuggled" luxurious yacht allegations leveled by the Mumbai Customs, in an affidavit filed in Mumbai High Court, the Anil Dhirubhai Ambani Group (ADAG) has claimed that the yacht was not imported by the group. It was further asserted that since the yacht bears a foreign flag, it can sail in international and Indian waters.

The Customs department had contended it had seized the luxury yacht in question - 'Tian' - in February, as the possession of the yacht was a case of tax evasion. It is being said that the opulent ship has probably been gifted by Anil Ambani to his wife.

The board of Ratnagiri Gas and Power Pvt. Ltd. (RGPPL), putting end to all speculations, has approved the proposal of firm to buy gas from Reliance Industries Ltd.'s (RIL) K-G basin.

Earlier, one of the promoters of RGPPL opposed the deal due to sourcing cost and ongoing dispute between the NTPC and RIL, still pending with Bombay High Court.

Nirmal Bang Research has maintained 'Sell' rating on Reliance Capital stock to achieve a target of Rs 515.

According to research report, investors can sell the stock with a strict stop loss of Rs 585.

Today (May 11), the stock opened at Rs 595 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 39.41 and 14.42 respectively. The share price has seen a 52-week high of Rs 1470 and a low of Rs 274.20 on BSE.

Nirmal Bang is of the view that investors should sell the stock today in order to avoid loss.

Reliance Big Entertainment revealed that more than 20 Hollywood film projects are in various stages of script development. Last year at Cannes Film Festival, Reliance Big Entertainment signed the development/production financing deals called 'Creative Partnerships' with leading Hollywood film companies.

Reliance Big Entertainment Chairman Amit Khanna said: "These creative partnerships call for Reliance to co-finance production with the US studio where existing first look deals are in place. We have broken completely new ground by empowering some of the best talent in Hollywood."

Nirmal Bang has maintained 'Buy' rating on Reliance Communications Ltd stock to achieve a target of Rs 350 within 4 to 5 trading sessions.

Technically on the daily chart the counter is giving an overbought sign as the RSI is at 77, but the stock can be purchased on dip as strong support is placed in the region of
290-275.

Shares of the company, on Thursday (May 21), closed at Rs 322.30 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 606.70 and a low of Rs 131.35 on BSE. Current EPS and P/E of the stock stood at 11.40 & 27.61 respectively.

Technical analyst Abhishek Jain of Stocksidea. com has suggested investors to buy Reliance Communications stock for a short-term period of 1-2 weeks.

Mr. Jain expects the stock to hit a target of Rs 355.

The company is presently trading around Rs 312-316 level.

According to Mr. Jain, the stock may face some resistance around Rs 342 levels, but after that it can even have more upward movement.

The scrip has very strong support at Rs 260.

The stock is looking technically strong and the indicators are showing good up move for next few days.

The Ahmedabad Crime Branch has arrested two people for allegedly trying to extort Rs 50 lakh from RIL for withdrawing an affidavit filed against the likely merger of Reliance Industries Limited and Reliance Petroleum Limited.

The accused, Jayesh Shah and Dilip Motwani, condemned the merger and termed it as illegal. They filed a petition in the High Court opposing the merger and had also written to the SEBI and the registrar of companies in this regard.

Crime Branch inspector Tarun Barot said, "The duo had asked RIL official to pay Rs50 lakh for withdrawing affidavits filed by them in the Mumbai High Court opposing the merger between RIL and RPL."

In a significant move, Reliance Infrastructure (R-Infra) informed that it is all set to sell 42.9 million convertible warrants to its promoters, the Reliance-Anil Dhirubhai Ambani Group (R-ADAG), for Rs 4,290 crore.

This will help Reliance Infrastructure Ltd. to enhance its net worth to over Rs 16000 crore and to increase its borrowing capabilities to Rs 32000 crore. It will make it easy even at a debt: equity ratio of 2:1.

The Board of Directors of Reliance Infrastructure Limited has already approved a proposal for the same.

Adlabs Cinemas, one of India's largest motion picture exhibitors and part of the Reliance ADA Group, has decided to launch its first multiplex in Chicago this Friday.

The launch is treated as a part of Big Cinema's strategy to actively promote and ensure better reach of Indian movies.

According to company officials, the multiplex, Adlabs Cinemas-Golf Glen, which is located in Niles, Chicago, will have 5 screens and a premium lounge. The multiplex will screen a mix of Hollywood, Indian, Polish and Korean films and, will have stadium seating to enable live telecasts of cricket matches and other events.

Reliance Communications' shareholders have given their majority approval to the company's decision of de-merging its optic fibre division, to facilitate the way for its ensuing merger with wholly-owned ancillary Reliance Infratel.

Announcing the approval received from the shareholders on Tuesday, Reliance Communications - the second largest telecom operator in India - said that with the proposed severance of business, leading to separation of telecommunications services and infrastructure, both Reliance Communications and Reliance Infratel would be able to focus on their core businesses.

Reliance Mutual Fund, promoted by the Anil Dhirubhai Ambani (ADAG) group, has decided to launch an `Islamic fund' in Malaysia.

For the purpose, the company would set up a subsidiary and will launch an Islamic fund soon in the market.

A company official, who was familiar with the latest development informed that the objective of such funds is to make hundreds of rich and religious Muslim people invest their money, who otherwise do not put money in interest-yielding instruments or non-Sharia compliant stocks.

With the aim to expand its channel bouquet, ADA Group's DTH arm, Reliance Big TV has decided to offer 10 new channels to its subscribers.

According to sources, the company will make these channels available on its platform form June 1, 2009.

Sources further reported that Reliance Big TV will add up 10 new channels in its bouquet, which includes international channels like Korea's KBS and Turner International's WB, and regional channels like DD Podhigai (Tamil), NE TV (Telugu), India Vision (Malayalam), Star Jalsa (Bangla), Star Pravah (Marathi), Mahua (Bhojpuri), DD Kashmir

Nirmal Bang has maintained ‘Buy’ rating on Reliance Communications Ltd stock to achieve a target of Rs 390 in 4-5 trading sessions.

Interested traders can buy the stock with a stop-loss of 327-323 as the counter is showing sign of revival.

According to Nirmal Bang, the stock may resistance at 340, if maintains above this level, then see a target of 390.

Shares of the company, on Wednesday (June 03), closed at Rs 332.90 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 564.80 and a low of Rs 131.35 on BSE. Current EPS and P/E of the stock stood at 11.40 & 29.89 respectively.

In its latest research report, Nirmal Bang, an equity research firm said that Reliance Industries, which presently stuck in a band of 2210-2230, can give good returns in the coming days.

The report further stated that, if the counter is successful to breach 2280, then it will create a huge breakout.

Nirmal Bang Research has advised its investors to hold the stock to achieve a target price of Rs 2310-2375.

Besides, the report has also suggested a support level of Rs 2235 for the scrip.

ADA Group's DTH arm Reliance BIG TV has announced the launch of iCricket interactive facility on its DTH platform.

Through this interactive facility, Reliance BIG TV will offer in-stadia live experience of the ICC World T20 matches within the comforts of the customers' own homes.

Recently, the company has tied up alliance with ESPN to offer the ICC World T20 matches on BIG TV's iCricket interactive platform.

Stock market analyst Ashwani Gujral has maintained ‘Buy’ rating on Reliance Capital to achieve short term target of Rs 1060.

According to Mr. Gujral, interested traders can buy the stock above Rs 919 with a strict stop loss of Rs 880.

Shares of the company, on Monday (June 08), closed at Rs 929.55 on the Bombay Stock Exchange (BSE). Current EPS and P/E of the stock stood at 39.41 & 23.59 respectively. The share price has seen a 52-week high of Rs 1470 and a low of Rs 274.20 on BSE.

ADA Group's DTH arm Reliance Big TV has contracted with ESPN, the official broadcasters of ICC T20 World Cup, to launch interactive cricket service "iCricket".

Reliance BIG TV Chief Executive Officer Sanjay Behl said that iCricket service is a part of our efforts to provide best to our subscribers according to their current demands especially during ICC T20 World Cup.

Big TV's iCricket service will offer various options to the viewers so that they can get in-stadium live experience of the match.

Anil Ambani-led Reliance Communications has entered into a marketing JV with Krishak Bharati Cooperative Limited (KRIBHCO) for selling its products in rural India. 

Under the arrangement, KRIBCO will hold 60% equity in the JV company, while the balance 40 per cent would be held by Reliance ADAG.

In its latest research report, Abhishek Jain, stocksidea.com, said that Reliance Industries Limited (RIL), which presently stuck in a band of 2340-2353, can give good returns in the short term.

The report further stated that, if the counter is successful to breach 2476, then it will create a huge breakout.

Abhishek Jain has advised investors to hold the stock to achieve a target price above Rs 2488.

Furthermore, the firm has suggested a support level for the scrip at Rs 2201.

Nirmal Bang, one of the leading equity research-cum-broking house, has recommended a buy call on Reliance Industries with a short term target between Rs 2440-2550.

In latest research report, the firm said that Reliance Industries, which has been consolidating in the range of 2160-2330, is clearly a buy, so investors can accumulate the stock on dips.

In addition, the firm has suggested a support level for the scrip at Rs 2260.

In its latest research report, Nirmal Bang, an equity research firm said that Reliance Power can give good returns in 4-5 trading sessions.

The report further stated that, if the counter is successful to breach 216, then it will create a huge breakout. There has been buying interest seen in the last 3-4 trading session.

Nirmal Bang Research has advised its investors to hold the stock to achieve a target price that lies between Rs 230.

Besides, the report has also suggested a support level of Rs 177 for the scrip.

Nirmal Bang, one of the leading equity research-cum-broking house, is of the view that investors can buy Reliance Industries with a target price of Rs 2285-2320.

The company is presently trading around Rs 2145 level.

According to experts at Nirmal Bang, the stock may face some resistance around Rs 2195 levels, but after that it can even have more upward movement.

Karvy Stock Broking Limited has maintained ‘Buy’ rating on Reliance Industries stock to achieve a target of Rs 2120 within 1-2 days.

According to Karvy, interested traders can buy the stock above Rs 2050 with a strict stop loss of Rs 2020.

If the stock market remains on positive track, the stock pricing becomes more attractive, and reach above Rs 2130.
 
Today (June 22), the shares of the company opened at Rs 2061 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 97.08 and 20.30 respectively. The share price has seen a 52-week high of Rs 2490 and a low of Rs 930 on BSE.

Nirmal Bang, one of the leading equity research-cum-broking house, is of the view that investors can buy Reliance Industries around Rs 1730-1680 with a target price of Rs 2180.

The company is presently trading around Rs 1920 level.

According to experts at Nirmal Bang, the stock may face some resistance between Rs 1975- Rs 2025 levels, but after that it can even have more upward movement.

Besides, the report has also suggested a support level of Rs 1880 for the scrip.

In a first of its kind effort, Anil Ambani-led Reliance Communications (RCom), is all set to come up with 35 new live streaming channels to its GSM subscribers.

The private sector telecom company is already offering 13 news and other TV channels to its CDMA network.

For this purpose, RCom has tied-up with Hyderabad-based Apalya Technologies.

The services are branded as MimobiTV.

Reliance BIG TV has entered into a strategic partnership with “Oxigen”, a premium recharge service provider to enable its customers to enjoy uninterrupted television viewing.

Under the tie up, Reliance BIG TV will offer its customers the entire portfolio of Oxigen’s easy recharge option. The deal is considered as a part of its customer service motto to offer convenient and user-friendly customer service experience.

Nirmal Bang, one of the leading equity research-cum-broking house, is of the view that investors can buy Reliance Industries Ltd with a short-term target price of Rs 2110-2180.

According to experts at Nirmal Bang, if the scrip maintains above 1980, then it’s a positive sign for the counter, resistance at 2045 if maintains above then it could rally upto 2110-2180.

The strong support level for the stock has been suggested at Rs 360.

In its latest research report, Abhishek Jain, stocksidea.com, said that Reliance Industries Limited (RIL), which presently stuck in a band of 2015-2030, can give good returns in the short term.

The report further stated that, if the counter is successful to breach 2135, then it will create a huge breakout.

Abhishek Jain has advised investors to hold the stock to achieve a target price above Rs 2185.

Furthermore, the firm has suggested a support level for the scrip at Rs 1929.

The Anil Ambani-led Reliance Natural Resources Ltd (RNRL) has filed a special leave petition (SLP) filed in the Supreme Court on Friday, urging the court to restrain Reliance Industries Ltd (RIL) from supplying natural gas to any other party than itself.  

The company also wanted court’s interventions to ensure supply of 28 mmscmd gas to RNRL at $2.34 a metric British thermal unit (mBtu) for 17 years, under Bombay High Court’s directives to resolve differences.

Reliance Capital, a subsidiary of Anil Dhirubhai Ambani Group, has been working out plans to expand its business, including the company's foray into banking sector within three to five years. The company aims at increasing its base to 50 million customers by globalization of its operations.

Anil Ambani, chairman of Reliance Capital, said: "We have drawn up exciting growth plans for the next three to five years."

Stock market analyst Hitendra Vasudeo of stockmechanics.com has maintained ‘Sell’ rating on Reliance Communications (RCom) stock to achieve a target between Rs 256.10-Rs 222 today.

The investors are advised to sell the stock in order to avoid loss, as there are full chances of a downward trend in this stock.

If the stock fell below Rs 216, it may see more weakness.

According to Karvy, investors can sell the stock around Rs 276.90 - Rs 290.20 with a strict stop loss of Rs 298.

Nirmal Bang, one of the leading equity research-cum-broking house, has recommended a buy on Reliance Industries Ltd (RIL).

The report further stated that the stock has just closed below its 5?day moving average of 2000 and technically this stock has been under severe selling pressure after the high court verdict. Technically the trend is weak and the stock has already corrected 25% from the high of 2500 and going forward it could enter into the oversold region.
 

Nirmal Bang, one of the leading equity research-cum-broking house, is of the view that investors can buy Reliance Industries Ltd with a short-term target.

According to experts at Nirmal Bang, the stock has been underperforming after the High court verdict and it has fallen by almost 26% from its top of 2359 on 15th June till today’s low of 1745.

Technically the stock price is near to the oversold region, the RSI on the daily chart is at 33. Strong support is placed at 1730-1680 regions and the 200-day moving average is at 1574.

Nirmal Bang, one of the leading equity research-cum-broking house, has recommended a buy on Reliance Natural Resources Ltd (RNRL) with a target between Rs 91 - Rs 97.

The report further stated that, if the counter is successful to breach 90, then it will create a huge breakout.

Interested investors can buy the stock on dips and hold.

In addition, the firm has suggested a support level for the scrip at Rs 72.

Nirmal Bang, one of the leading equity research-cum-broking house, has recommended a buy on Reliance Communications (RCom) with a target between Rs 295 – Rs 315.

The report further stated that, if the counter is successful to breach 275, then it will create a huge breakout.

Interested investors can buy the stock on dips and hold.

In addition, the firm has suggested a support level for the scrip at Rs 255.

Nirmal Bang, one of the leading equity research-cum-broking house, is of the view that investors can buy Reliance Industries Ltd with a short-term target.

According to Nirmal Bang Research, interested traders can buy the stock with a strict stop loss of Rs 1940 to attain a target of Rs 2075.

The report further stated that, if the counter is successful to breach 2025, then it will create a huge breakout.

Anil Ambani-controlled ADAG's arm Reliance Infrastructure reported 25.3 per cent growth in its net profit for the first quarter of current financial year ended June 30, on account of high energy sales and better utilization of power generating plants. Its net profit stood at Rs 317 crore in the first quarter, as compared to Rs 253 crore in the previous quarter.

Technical analyst Abhishek Jain of Stocksidea.com has suggested investors to buy Reliance Communications Ltd for short term.

Mr. Jain expects the stock to hit a target of Rs 365.

According to Mr. Jain, the stock may face some resistance around Rs 342 levels, but after that it can even have more upward movement.

The scrip has very strong support at Rs 244.

The state-run National Thermal Power Corporation has received a nod from the central government to intervene in the gas pricing dispute between Reliance Industries Ltd (RIL) and Reliance Natural Resources Ltd (RNRL), currently pending in the Supreme Court.

The power secretary, HC Brahma, said: “It is now up to NTPC to decide whether to intervene in the RIL-RNRL case.”

In its latest research report, Nirmal Bang, an equity research firm said that Reliance Capital can give good returns in short term.

According to Nirmal Bang Research, interested traders can buy the stock with a strict stop loss of Rs 810.

The report further stated that, if the counter is successful to breach 860, then it will hit Rs 905.

Today (Aug 28), the shares of the company opened at Rs 848.70 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 30.35 & 28.73 respectively. The share price has seen a 52-week high of Rs 1433.85 and a low of Rs 274.20 on BSE.

Reliance Communications (RCom), Wire and Wireless India Ltd. (WWIL) and Bharti Airtel were among the major gainers during the week.

Bharti Airtel, Asia's leading integrated telecom services provider, grew 5.7% during the week. According to reports, Airtel is planning to offer $13.1 billion in cash to MTN Group and shares for acquiring a 49% stake in the South African telecom major.

In its latest research report, Nirmal Bang, an equity research firm said that Reliance Industries, which has been consolidating between Rs 1965-1980 level, can give good returns in the short term.

The report further stated that, if the counter is successful to breach Rs 1990 levels, then it will create a huge breakout.

Nirmal Bang has advised investors to hold the stock to achieve a target price above Rs 2100.

In its latest research report, Nirmal Bang, an equity research firm said that Reliance Capital can give good returns in the coming days.

According to Nirmal Bang Research, interested traders can buy the stock with a strict stop loss of Rs 828.

Today (Sep 02), the shares of the company opened at Rs 859.35 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 30.35 & 29.44 respectively. The share price has seen a 52-week high of Rs 1433.25 and a low of Rs 274.20 on BSE.

In its latest research report, Nirmal Bang, an equity research firm said that Reliance Ind, which has been consolidating between Rs 2060-2090 level, can give good returns in 4-5 trading sessions.

Nirmal Bang has advised investors to buy the stock around 2040-2010 to achieve a target price of Rs 2120.

The report further stated that, if the counter is successful to breach Rs 2132 levels, then it will hit Rs 2160

The stock has strong support at Rs 1980.

In its latest research report, Abhishek Jain, stocksidea. com, said that Reliance Communications, which has been consolidating between Rs 305-320 level, can give good returns in the short term.

The report further stated that, if the counter is successful to breach Rs 348 levels, then it will create a huge breakout.

Abhishek Jain has advised investors to hold the stock to achieve a target price above Rs 368.

Furthermore, the firm has suggested a support level for the scrip at Rs 278.

In a move that would benefit the user’s of Delhi and NCR regions, Reliance Communications (RCom) has rolled out a STD offer pack which will enable RCom user’s to make STD calls at just 39 paisa per to any network.

RCom, part of the Anil Dhirubhai Ambani Group, has introduced the new pack to cater to demand of its user’s heavy for the forthcoming festive season.

The validity of marketing margin being levied by the Mukesh Ambani-led firm Reliance Industries Ltd (RIL) on the sale of gas from its Krishna Godavari-D6 fields, has been questioned by the Power Ministry and the state-run generation utility NTPC on Friday.

Marketing margin essentially is the cost to "market the product" and to "develop a market" for it, including services and infrastructure.

The country’s leading telecom service provider, Reliance Mobile, has come up with a new Value Added Service (VAS).

As part of its partnership with BIG Pictures, the company has launched a VAS for the upcoming Bollywood film “Do Knot Disturb”.

The service is meant for both the GSM and CDMA mobile subscribers of the company.

For this purpose, the operator has unveiled a unique “Do Knot Disturb” zone on its mobile VAS platform ‘R-World’.

Nirmal Bang, one of the leading equity research-cum-broking house, has recommended a buy on Reliance Industries Ltd (RIL) stock with a short term.

The report further stated that, if the counter is successful to breach Rs 2160 levels, then it will hit 2190-2215.

The stock has strong support at Rs 2110.

Today (Oct 06), the shares of the company opened at Rs 2139.70 on the Bombay Stock Exchange (BSE). Current EPS and P/E of the stock stood at 94.07 & 22.68 respectively. The share price has seen a 52-week high of Rs 2490 and a low of Rs 930 on BSE.

Stock market analysts have maintained 'buy' rating on Reliance Infrastructure Ltd with an intraday target of Rs 1342.

According to them, interested traders can purchase the stock between Rs 1330-1332 with a strict stop loss of Rs 1315. If the stock market remains positive, the stock pricing becomes more attractive, and reach above Rs 1355.

Shares of the company, on Thursday (Oct 08), closed at Rs 1331.15 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 49.03 and 26.88 respectively. The share price has seen a 52-week high of Rs 1373.70 and a low of Rs 354 on BSE.

Handset maker Coolpad Communications, a subsidiary of China Wireless, has announced to invest over Rs 400 crore in India to roll out its range of dual mode handsets and set up a research and development centre in the country.

The Chinese company has partnered with Reliance Webstore, the retail chain of Reliance ADA Group.

As per the agreement, Reliance Webstore will market the handsets through Reliance World and Reliance Mobile stores across India.

At present, there are over 230 Reliance World outlets across 104 cities in India.

In a late Sunday night statement, Reliance Industries Limited's (RIL) Mukesh Ambani welcomed brother Anil Ambani's call to make a renewed attempt to resolve their ongoing dispute, which largely resulted from an apportion of wide-ranging family business - comprising energy, financial services and telecommunications.

Stock market analysts have maintained 'Sell' rating on Reliance Communications Ltd (RCom) to achieve a target that lies between Rs 225-222 today.

The investors are advised to sell the stock to avoid loss, as there are full chances of a downward trend in this stock in today's session.

If the stock fell below Rs 220, it may see more weakness.

According to analysts, investors can sell the stock below Rs 228 with a strict stop loss of Rs 232.

After selling the stock in today's session, the interested investors can enter the stock again, but only on declines.

Reliance Infrastructure was incorporated in 1929 as 'Bombay Suburban Electric Supply Limited'. In 1992 the name was changed to 'BSES Limited' as the company entered into various activities besides supply of electricity. Later, Indian business conglomerate Reliance Industries has picked up a 26.6% stake in BSES. Reliance was entering the broadband business and expanding its power business in a big way by way of exploiting its synergies with BSES. From a modest licensee supplying power to the suburbs of Bombay, company is today a multi location and multidimensional enterprise.

Reliance Webstore Limited, the wholly-owned arm of Reliance Communications and the retail venture of Reliance ADA Group running a countrywide chain of Reliance World stores, has entered into the handset retailing business.

The company has broadened into handset distribution business besides its present focus of handset retailing via Reliance World and Reliance Mobile stores. As part of this strategical move, Reliance Webstore has set up a new arm to focus and expand its mobile distribution business. Incidentally, this is the first time a retail chain is entering in the distribution business.

Reliance Webstore Limited, the wholly-owned arm of Reliance Communications and the retail venture of Reliance ADA Group running a countrywide chain of Reliance World stores, has entered into the handset retailing business.

The company has broadened into handset distribution business besides its present focus of handset retailing via Reliance World and Reliance Mobile stores. As part of this strategical move, Reliance Webstore has set up a new arm to focus and expand its mobile distribution business. Incidentally, this is the first time a retail chain is entering in the distribution business.

Karvy Stock Broking Limited has maintained 'Buy' rating on Reliance India Ltd (RIL) stock to achieve an intraday target of Rs 2200.

According to Karvy, interested traders can buy the stock above Rs 2160 with a strict stop loss of Rs 2140.

The shares of the bank on Monday, (Nov 16), closed at Rs 2147.75 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 2490 and a low of Rs 1021 on BSE.

Current EPS and P/E of the stock stood at 90.71 & 23.38 respectively.

Stock market analyst Hitendra Vasudeo of stockmechanics.com maintained ‘Buy’ rating on Reliance Capital Ltd to achieve a medium term target of Rs 984.

According to Mr. Vasudeo, interested investors can buy the stock around Rs 872.70-Rs 846.30 with a strict stop loss of Rs 825.

Today, the shares of the company opened at Rs 892.70 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 30.37 & 30.39 respectively. The share price has seen a 52-week high of Rs 1055 and a low of Rs 274.20 on BSE.

According to information forwarded by sources-in-the-know, Indian energy biggie, Reliance Industries, recently made a 'cash' offer for the purchase of a controlling stake in the closely-held, bankrupt, Rotterdam-based chemicals and fuels manufacturer - the LyondellBasell Industries AF.

After hearing the arguments for the last 57 days, the Supreme Court has finally reached a result and has reserved a verdict on the Mukesh Ambani and Anil Ambani case over the gas supply from RIL to RNRL.

New Delhi, Dec 22 - Reliance Industries has struck gas for the third successive time at its exploration block in the Krishna Godavari (KG) basin, the company said Tuesday.

RIL holds a 90 percent stake in the block, while the remaining 10 percent is with Britain-based Hardy Oil and Gas.

"The deep water block KG-DWN-2003/1 is located in the Krishna basin, about 45 km off the coast in the Bay of Bengal," said RIL in a statement.

Close on the heels of reports that Reliance Industries Ltd. (RIL) has raised its offer for the bankrupt chemical maker LyondellBasell Industries to $13.5 billion; RIL said on Monday that it has raised nearly Rs 3,465 crore through sale of the company’s 33 million treasury stocks.

With RIL already having sold a part of its treasury stock for Rs 2,675 crore to LIC a week back, analysts opine that the company is evidently raising funds for its proposed buyout of LyondellBasell, the Netherlands-based petrochemicals firm.

Going by ET Now reports, 28.9 million shares of RIL have been sold at Rs 1089 a share, while the remaining 4.1 million shares were sold at Rs 1057 a share. The shares have been bought by five new long only funds from Asian and Europe.

New Delhi, Jan 15 - Reliance Big TV, the Direct-To-Home (DTH) arm of Reliance Communications, and UTV subsidiary Indiagames have tied up to introduce DTH Gaming services in India.

Called iGames, the gaming services will be offered by Indiagames on Reliance Big TV's DTH platform in the country.

"Our strategic tie-up with Indiagames is an extension of our business relationship with the UTV Group. iGames also signifies our focus to further enhance and monetise our VAS (Value Added Services) capabilities towards a profitable growth in the DTH business" Reliance Big TV chief executive officer Sanjay Behl said in a statement.

Mumbai, Jan 22 - Reliance Industries posted a net profit of Rs. 4,008 crore (Rs. 40.08 billion/$868 million) in the quarter that ended Dec 31, a 14.48 percent rise from the same quarter last fiscal.

Net sales grew 80.13 percent to Rs. 56,856 crore from Rs. 3,156.3 crore in the corresponding quarter last fiscal, the firm said in a regulatory statement to the National Stock Exchange. (IANS)

Reliance Life Insurance has unveiled a new unit-linked insurance plan, which assures high returns and targets policy holders from one month babies to 65-year oldsters.

A company declaration said, "The new plan has been developed with the objective to maximise returns for policyholders and guarantees benefit at the highest asset value ever achieved by the fund during the entire policy term of 10 years."

Under the novel insurance plan, the insurance premium paid by the holder, excepting the charges, get invested in a fund and units are allocated based on NAV. On matureness, it promises proceeds based on number of units multiplied by the maximum net asset value.

India's Reliance Industries Ltd. is nearing a pact to purchase a huge stake in a large US natural-gas field.

Under the transaction, RIL would pay between $1 billion and $1.5 billion to get hold of an equity stake in Pittsburgh-based Atlas Energy Inc.

The pact with Atlas, which holds approx 584,000 acres in the expansive Marcellus Shale would make RIL the first Indian firm to buy into the Marcellus area.

The exact amount of RIL's equity stake wasn't clear, but Atlas is said to be looking for a 50-50 associate.

Technical analyst Ashwani Gujral is of the view that investors can buy Reliance Industries Ltd (RIL) stock to achieve a short-term target of Rs 1120.

According to Mr. Gujral, the investors will hold the stock with a strict stop loss of Rs 1060.

Today, the shares of the company opened at Rs 1088 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 1245 and a low of Rs 859.50 on BSE.

Current EPS & P/E ratio stood at 46.90 and 23.20 respectively.

Stock market analyst Salil Sharma is of the view that investors can sell Reliance Industries Ltd (RIL) stock with a target of Rs 1050.

According to him, investors can sell the stock with a strict stop loss of Rs 1097.

If the stock fell below Rs 1044, it may see more weakness.

Today, the stock opened at Rs 1091.30 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 1245 and a low of Rs 862.50 on BSE.

Current EPS & P/E ratio stood at 49.31 and 21.74 respectively.

Technical analyst Sailav Kaji of Fudiciary Euromax Capital Markets is bullish on Reliance Industries Limited and maintained 'buy' rating on the stock to achieve a target Rs 1090 in 2-3 trading sessions.

According to him, the interested investors can buy the stock with a stop loss of Rs 1050.

Today, the shares of the company opened at Rs 177 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 1245 and a low of Rs 875.50 on BSE.

Current EPS & P/E ratio stood at 49.31 and 21.43 respectively.

Reliance Communications has signed a deal with the Silicon Valley-based GetJar to offer its clients more than 65,000 free mobile applications, ranging from games and shopping to sports and entertainment. RCom will provide the service at 50 paise per MB of usage, whereas the application download and use by itself will be free.

The applications will be available across GSM and CDMA networks, it said in a statement.

Technical analyst PK Agarwal of Purpleline Investments is bullish on Reliance Power Ltd and maintained 'hold' rating on the stock with a stop loss of Rs 140.

Today, the shares of the company opened at Rs 285 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 210 and a low of Rs 127.10 on BSE.

Reliance Power Ltd will announce its audited financial results for the year ended March 31, 2010 today.

Stock market analyst Rahul Mohinder is of the view that investors can sell Reliance Communications Ltd (RCom) stock in today's session.

According to him, sell RCom stock, which is breaching Rs 162, can slide 8-10 per cent.

If the stock fell below Rs 156, it may see more weakness.

Today, the stock opened at Rs 165 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 359 and a low of Rs 155.50 on BSE.

Current EPS & P/E ratio stood at 24.12 and 6.81 respectively.

Mukesh Ambani’s Reliance Industries has got an upgradation in ratings by Fitch Ratings, on Tuesday.

As per Fitch, which is one of the three major rating agencies in the world, the Long-term local currency Issuer Default Rating (LC IDR) of RIL was given ‘BBB’ against 'BBB-'.

In the Long-term foreign currency IDR (FC IDR) it was awarded 'BBB-' and the National Long-term Rating were at 'AAA(ind)'.

The IDRs and National Long-term Rating continued to stand at the same ratings as they were last time and was Stable.

Technical Analyst Avinash Gorakshekhar of Anagram has maintained 'buy' rating on Reliance Industries Ltd (RIL) stock to achieve a medium term target.

According to him, interested traders can purchase the stock on declines.

Today, the stock opened at Rs 998.95 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 1245 and a low of Rs 875.50 on BSE.

Current EPS & P/E ratio stood at 49.31 and 21.10 respectively.

Supreme Court’s Court number 1 had never found such a big crowd as it got on Friday. The guards have opened the doors of the court room sharp at 10AM. Then the lawyers clumped inside and grabbed their seats.

At 10.30AM the court started proceedings and by that time the court has turned to be no less than a theater, because the big Reliance show was about to begin. Law students, media persons and curious litigators those who had come for their own cases were shoving for space in the visitors’ gallery.

Technical analyst Salil Sharma is of the view that investors can sell Reliance Communication Ltd (RCom) stock in today's session for a target of Rs 141.

According to Mr. Sharma, the investors can sell the stock with a stoploss of Rs 152.

If the stock fell below Rs 136, it may see more weakness.

Today (May 12), the stock opened at Rs 147.25 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 359 and a low of Rs 154.70 on BSE.

Current EPS & P/E ratio stood at 24.12 and 6.03 respectively.

Reliance Industries chairman Mukesh Ambani stated that the prices of crude oil prices may go up to $100 per barrel shortly because of rising costs of exploration and production.

He also said that business enterprises should prepare themselves for higher energy costs than what they were used to during the last 20 years.

Technical analyst Nikita Surekha is of the view that investors can buy Reliance India Ltd (RIL) stock for a short term target of Rs 1025.

According to Surekha, the investors can hold the stock with a stop loss of Rs 985.

Today, the shares of the company opened at Rs 1004 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 1245 and a low of Rs 875.50 on BSE.

Current EPS & P/E ratio stood at 49.31 and 20.39 respectively.

Stock market analyst Ashu Bagri is of the view that investors can hold Reliance Capital Ltd stock to attain a medium term target of Rs 710.

Mr. Bagri said that the investors can buy the stock with a strict stop loss of Rs 580.

Today, the stock opened at Rs 620 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 1066 and a low of Rs 630 on BSE.

Current EPS & P/E ratio stood at 27.59 and 23.01 respectively.

Reliance Capital Asset Management, on May 11, bought 1.53 lakh shares of Talwalkars Better Value Fitness, one of the biggest fitness chains in India

Burying their disputes, the respective Reliance groups headed by brothers Mukesh and Anil Ambani stated that they have signed up a new and simpler non-compete agreement, which will assist them resolve the Krishna-Godavari gas clash.

In a declaration, the Anil Reliance Dhirubhai Ambani group said, "These developments would eliminate any room for any further disputes between the two groups on matters relating to the scope and interpretation of non-compete obligations."

"All existing non-compete agreements between the two groups executed in January 2006 stand cancelled," the group said.

Stock market analyst Avinash Gorakshekhar has maintained 'buy' rating on Reliance Industries Limited (RIL) stock with target of Rs 1180.

According to Mr. Gorakshekhar, the investors can purchase the stock at current levels with long-term target.

Today, the stock opened at Rs 1000 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 1186.15 and a low of Rs 875.50 on BSE.

Current EPS & P/E ratio stood at 49.31 and 20.94 respectively.

Reliance Industries Limited (RIL) has made announcement about its fifth oil discovery in exploration block CB-ONN-2003/1 (CB 10 A and B), granted under the NELP-V round of bidding.

The newly discovered block is situated at a distance of approx 130 kms from Ahmedabad, Gujarat, in the Cambay basin.

RIL drilled the well CB10A-J1 to a total depth of 1957 metres in Part A of the block, with the objective of exploring the play fairway in the Miocene Basal Sand (MBS) of Babaguru formation and Eocence Pays of Kalol formation.

In order to commence third generation (3G) telecommunication services, Anil Ambani-led Reliance Communications (RCom) has paid Rs 8,585.04 crore towards spectrum charges to the administration.

RCom is one of the three private telecommunication operators that bagged 3G spectrum in 13 service areas, comprising the most remunerative Mumbai and Delhi circles, in an auction of airwaves, which ended on May 19.

Stock market analyst Salil Sharma is of the view that investors can 'buy' Reliance India Ltd stock with a short term target of Rs 1060.

According to analyst, the investors can buy the stock with stop loss of Rs 1035.

Today, the stock of the company opened at Rs 1045 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 1186.15 and a low of Rs 875.50 on BSE.

Current EPS & P/E ratio stood at 49.31 and 21.01 respectively.

RIL has paid approx Rs 12,382 crore of unsecured loans during the last fiscal, lessening its arrears by about 15.5%.

Stock market analyst Anu Jain has maintained 'buy' rating on Reliance Communication Ltd stock to achieve a target of Rs 162.

According to Jain, the investors can purchase the stock with stop loss of Rs 151.

On June 02, the stock of the company closed at Rs 154.60 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 359 and a low of Rs 134.25 on BSE.

Current EPS & P/E ratio stood at 24.12 and 6.62 respectively.

Anil Ambani-led Reliance Communications announced that its board members have sanctioned a 26% stake sale in the company after much speculation over UAE-based Etisalat's interest in the offer.

The company statement said, "The board of directors of Reliance Communications has approved in-principle the induction of strategic or private equity investors into the company for an up to 26 percent equity stake at an appropriate premium."

The shares of Reliance Communications belled the day on a positive note today, a day after its directors sanctioned a 26% equity sale to a strategic investor. RCom's scrip, which ended at Rs 168.15 on Friday, opened 5.86% up at Rs 178, and was trading at Rs 175.35 some 10 minutes into trading.

This was the only scrip among the 30 stocks of Sensex of the Bombay Stock Exchange that opened the day in the green.

The company's scrip gained 14.03% during the last week following reports that the UAE-based Etisalat was interested in acquiring an equity stake in the company.

India's top industrialist Mukesh Ambani has forayed into the telecom segment with the intention to offer up countrywide wireless broadband services when Reliance Industries got hold of Infotel Broadband, the lone player, which bagged a pan-India license for broadband wireless access spectrum in the auction that closed on Friday.

RIL has acquired 95 per cent equity stake in Infotel for Rs 4,800 crore minutes after the Indian bourses marked their closure for the day.

The deal values the Mahendra Nahata group promoted Internet service provider at about Rs 5,000 crore.

Reliance Capital, part of the Anil Dhirubhai Ambani Group, has declared that it will purchase an 18% interest in business channel Bloomberg UTV.

In a declaration, the company said, "The investment will form part of Reliance Capital's exposure to the fast growing and high potential in the Indian media sector."

After transferring the equity stake, Bloomberg will possess 15% stake in the company and the remaining 67% will be controlled by the UTV founders, led by Ronnie Screwvala.

Stock market analyst Radhika Gupta of Forefront Capital Management has maintained 'hold' rating on Reliance Capital Ltd stock.

According to analyst, the investors can hold the stock for long term as this is fundamentally strong and a good stock in the ADAG pack.

Today, the stock of the company opened at Rs 766 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 1005 and a low of Rs 620 on BSE.

Current EPS & P/E ratio stood at 17.59 and 42.51 respectively.

Stock market analyst Sudarshan Sukhani has maintained 'sell' rating on Reliance Communications Ltd stock with target of Rs 174.

According to analyst, the investors can sell the stock with stop loss of Rs 196.

Today, the stock opened at Rs 188.50 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 319.70 and a low of Rs 134.25 on BSE.

Current EPS & P/E ratio stood at 24.12 and 7.75 respectively.

Stock market analyst Rajesh Agarwal of CD Equisearch has maintained 'buy' rating on Reliance Industries Ltd (RIL) stock.

According to analyst, the investors can buy the stock only once when it crosses Rs 1080-1100 and not at current levels.

Today, the shares of the company opened at Rs 1055.20 the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 1184.74 and a low of Rs 875.50 on BSE. Current EPS and P/E ratio of the stock stood at 49.31 & 21.54 respectively.

Reliance Industries has inked a $1.15 billion JV deal with Pioneer Natural Resources.