Reliance

Reliance BIG TV to add 10 new channels

Reliance Big TVWith 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

Reliance MF all set to launch ‘Islamic Fund’ in Malaysia

Reliance MF all set to launch ‘Islamic Fund’ in MalaysiaReliance 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.

Reliance Communications’ shareholders approve de-merger of optic fibre division

Reliance CommunicationsReliance 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.

Adlabs Cinemas to launch its first multiplex in Chicago

adlabsAdlabs 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.

Promoters all set to instill Rs 4290 crore in Reliance Infra

Promoters all set to instill Rs 4290 crore in Reliance Infra 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.

Two arrested in Ahmedabad for extortion

GujaratThe 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."

Short Term Buy Call For RCom: Abhishek Jain, StocksIdea.com

RelianceTechnical 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.

Buy RCom On Dips: Nirmal Bang

relianceNirmal 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.

Hollywood film projects of Reliance Big Entertainment under development

Big Entertainment 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."

Sell Reliance Capital – Nirmal Bang

RelianceNirmal 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.

Ratnagiri Gas board approves gas purchase deal with RIL

RelianceThe 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.

The “smuggled yacht” case: Bench to hear ADAG’s petition on Friday

Anil Dhirubhai Ambani Group 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.

Buy Call For ‘RCOM’ To Achieve A Target Of Rs 280: Nirmal Bang

RelianceIn 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.

Reliance Big TV in talks with overseas firms; to offer new global channels

Reliance Big TV in talks with overseas firms; to offer new global channelsReliance 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.

BPO for media space initiated by Ambani Group’s Adlabs Films

BPO for media space initiated by Ambani Group’s Adlabs FilmsA 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.

Buy Call For Reliance Power With Target Of Rs 140

Buy Call For Reliance Power With Target Of Rs 140Stock 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.

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.

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