Reliance

Ambani chopper sabotage case: 52 of Air Works’ non-technical workers off duty

Ambani chopper sabotage case: 52 of Air Works’ non-technical workers off dutyAir 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.  

Dr. J. J. Dalal and his Cardiology team saves life of 92-year-old man!

Dr. J. J. Dalal and his Cardiology team saves life of 92-year-old man!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.

RIL Declares Q4, Full-Year Financial Results: Nirmal Bang

Reliance IndustriesRevenues 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.

Sell Reliance Capital – Nirmal Bang

Sell Reliance Capital – Nirmal BangNirmal 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.

Reliance Power ties up Rs 14,500 crore for Sasan Ultra Mega Power Project

Reliance Power ties up Rs 14,500 crore for Sasan Ultra Mega Power Project 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.

RIL withdraws Jamnagar refinery’s EoU status; to sell fuel in domestic markets

Reliance Industries LtdFollowing 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.

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