Mumbai | 16 hours ago
RIL acquires 14.12 percent in East India Hotels
Mumbai/Kolkata, Aug 30 - India's largest private sector company Reliance Industries Monday said it has acquired 14.12 percent stake in hospitality major East India Hotels -, which runs the Oberoi group of hotels.'Reliance Industries has acquired from Oberoi Hotels Private Limited and certain other promoters shares in EIH Limited representing 14.12 percent of EIH at a total cost of Rs.1,021 crore a ... read more

3 days ago
Mukesh Ambani elected to WEF foundation board
Shirdi -, Aug 27 - Reliance Industries Chairman Mukesh Dhirubhai Ambani has been elected to the foundation board of the World Economic Forum.'Mukesh Ambani will bring an extraordinary level of business acumen and his commitment to the ideals of the Forum. He has played a key role, especially related to the integration of India into all our activities,' said Klaus Schwab, founder and executive cha ... read more

Mumbai | 1 month ago
Governor Sankaranarayanan bats for new airport in Mumbai
Mumbai, July 29 - Maharashtra Governor K. Sankaranarayanan Thursday expressed a strong need for a new airport in Mumbai contending that a balance has to be maintained between the 'concerns of environment conservation with the exigencies of development'.Referring to the need for a new airport in Mumbai, the governor said: 'Mumbai needs a new airport. We have to take up this matter urgently.' Depart ... read more

Gandhinagar | 1 month ago
Vimal launches anti-microbial treated, odour-free fabric
Gandhinagar, July 14 - Vimal, the flagship textile brand of Mukesh Ambani-led Reliance Industries -, Wednesday launched 'DEO2', an anti-microbial deo-treatment that arrests growth of fungi and bacteria on fabrics, keeping these free of odour even after day-long wearing in humid and warm climates.Anand Parekh, president, RIL's textile division, said all Vimal fabrics, worsted as well as PV suitings ... read more

Mumbai | 1 month ago
Reliance Power soars post merger announcement
Mumbai, July 5 - The Reliance Power scrip gained 3.5 percent Monday, a day after the Anil Dhirubhai Ambani Group - announced that another group firm, Reliance Natural Resources, was merging with the company.The boards of the two ADAG energy firms -- one in the business of generating power and the other that trades and transports oil and gas -- Sunday approved the merger plan in a $11-billion all-s ... read more

Mumbai | 1 month ago
Two Anil Ambani group firms propose $11 bn merger deal
Mumbai, July 4 - The boards of two energy firms belonging to the Reliance Anil Dhirubhai Ambani Group - -- one in the business of generating power and the other that trades and transports oil and gas -- Sunday approved their merger in a $11-billion all-stock deal.'The board of directors of Reliance Power and Reliance Natural Resources today approved a scheme of amalgamation of the two companies ... read more

Mumbai | 2 months ago
Mukesh Ambani group tops in market cap, Anil's logs sharpest growth
Mumbai, July 1 - The Mukesh Ambani-led Reliance Industries group has emerged as India's largest private business house by market capitalisation as on June 30 though his younger brother Anil's empire registered the maximum growth last quarter.The Reliance Industries group's market cap grew 2 percent to Rs.357,902 crore during the last quarter, while companies under the Tata group ranked second but ... read more

Mumbai | 2 months ago
Benchmarks flat, broader markets gain amid mega announcements
Mumbai, June 26 - Benchmark indices for Indian equities ended flat for the week amid announcements from both Ambani brothers' firms that they had signed a new gas supply agreement and the government freeing auto fuel prices.The 30-share sensitive index - of the Bombay Stock Exchange - ended almost unchanged from its previous weekly close. It closed Friday at 17,574.53 points after rising a meagre ... read more

Mumbai | 2 months ago
Sensex ends lower, oil companies, ADAG stocks gain
Mumbai, June 25 - A benchmark index for Indian equities Friday closed 155 points lower, even as the markets cheered the new gas supply agreement between the Ambani brothers and the government's approval for market-determined petrol prices.The 30-scrip sensitive index - of the Bombay Stock Exchange -, which opened at 17,705.11 points, closed at 17,574.53 points, 155.71 points or 0.88 percent down ... read more

Mumbai | 2 months ago
RNRL signs new gas pact with RIL; Stocks move up
Mumbai, June 25 - Anil Ambani-promoted Reliance Natural Resources - Friday signed a revised gas supply agreement with Reliance Industries -, controlled by Mukesh Ambani, which sent stocks of both the groups soaring.The agreement follows the Supreme Court ruling asking both sides to renegotiate and finalise a new gas sales deal as per the rules set by the government and subsequent assurance given ... read more