billionaire Anil Ambani's call for an end to a bitter feud with his elder brother Mukesh over the split of the family business empire is unlikely to lead to a resolution ahead of hearing next week in their ongoing battle over gas supplies, analysts said.July 2002 - Dhirubhai Ambani, a school teacher's son and founder of the Reliance business empire, dies. Mukesh Ambanibecomes chairman and managing...
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Reliance Capital Ltd today said its net profit declined by 44.14 per cent to Rs 109.09 crore for the second quarter ended September 2009 as compared to Rs 195.30 crore during the same period a year ago.The company's total income, however, increased marginally by 1.47 per cent from Rs 671.41 crore for Q2FY09 to Rs 681.32 crore in Q2FY10, it...
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Reliance Exchange Next — a wholly owned subsidiary of Anil Ambani-controlled Reliance Capital Ltd — is planning a national spot exchange for commodities before entering the commodity futures exchange business.Reliance Exchange Next CEO Rajnikant Patel said, “The proposed uniform goods and services tax will help in our endeavour to create a robust national spot exchange for commodity trading.At present,...
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Reliance Capital Ltd. Monday said it has been approached by about three to four foreign insurance companies and some private equity players seeking a stake in its life insurance operations unit, Reliance Life Insurance Co.This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by ourand by copyright law. For non-personal use or to order multiple copies,...
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–India's Reliance Industries Ltd. Monday said it has not violated insider trading provisions set by the nation's capital markets regulator, the Securities and Exchange Board of India."Reliance Industries Ltd. has always abided by all rules and regulations of SEBI and hence, has neither violated any provisions of insider trading ," the company said in an emailed statement to Dow Jones Newswires.Thi...
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Mukesh Ambani led Reliance Industries Ltd (RIL) has agreed to strengthen its Jamnagar petrochem facility by adding two-million tones per annum of olefins and matching downstream capacities.With this new addition, Reliance will possess approximately 4-million tonnes of olefins and downstream capacities.Sources close to company said that the recent economic slump has offered company the chances to optimise...
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Anil Ambani group’s mutual fund house trusts Reliance Industries Ltd (RIL) to be of great investment value, but the Mukesh Ambani-led firm appears to have no interest in the largest fund house Reliance Mutual Fund.More than a dozen schemes of Reliance Mutual Fund, a part of Anil Ambani group’s financial services’ arm, Reliance Capital, have invested heavily in RIL. Also, RIL is the single largest equity...
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lawyer told the country's top court Tuesday that Reliance Industries Ltd. does not own the gas from a block off the country's east coast."The production-sharing contract between the government and Reliance is only a revenue-sharing contract and not for physical sharing of gas," Mohan Parasaran said during the hearing of a legal dispute between RIL and Reliance Natural Resources Ltd. over the pricing...
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Anil Ambani group firm Reliance Capital today reported 32 per cent decline in consolidated net profit for the second quarter ended September 30, while its total income rose by 11 per cent.The company's net profit fell to Rs 156 crore during the quarter under review, from Rs 229 crore in the year-ago period, Reliance Capital said in a statement.The company said the profit declined due to "lower capital...
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Justice RV Raveendran, who only the other day disclosed major interests in shares of Reliance companies belonging to both the Ambani brothers, Mukesh and Anil, on Wednesday opted out of the bench hearing the gas pricing dispute between Reliance Industries Ltd (RIL) and Reliance Natural Resources Ltd (RNRL).Reason: his lawyer daughter's firm AZB Partners has dealings with Mukesh Ambani's Reliance. The...
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