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High Court allows Reliance Ind to sell KG basin gas

January 30, 2009 · Filed Under Reliance Industries, Reliance Natural Res · Comment 

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The Bombay High Court has allowed Reliance Industries to sell gas from its KG basin fields, pending judgement in the company’s contract dispute case with Reliance Natural Resources Ltd, lawyers said on Friday.

Reliance Industries, controlled by billionaire Mukesh Ambani, and Reliance Natural Resources Ltd (RNRL), headed by estranged younger brother Anil, are contesting details in a supply contract that was originally agreed when the Reliance empire split in 2005.
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Reliance Big Entertainment slated for two films releases in March 2009

January 30, 2009 · Filed Under Reliance Entertainment · Comment 


BIG Pictures, the motion pictures brand from Reliance Big Entertainment Ltd, brings two enthralling films back to back this March 2009. The suspense thriller ‘Sikandar’ starring Parzaan Dastur (of ‘Parzania’ fame) and Ayesha Kapoor (of ‘Black’ fame) and the supernatural thriller ‘13B’ starring R. Madhavan and Neetu Chandra, the first look of which would be unveiled with ‘Luck By Chance’, the directorial debut of Zoya Akhtar asserted to be released worldwide on 30th January, 2009. BIG Pictures has a slate of 18 films for 2009 of which the three films above are planned for release in the first quarter.
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Hrithik Roshan becomes the first patient in Ambani’s hospital

January 30, 2009 · Filed Under Ambani Family · 2 Comments 


Hrithik Roshan’s accident on the sets of Kites made news but the bigger news is how the actor skipped going to the ‘celebrity’ hospital in Bandra to avoid registering a police complaint. The actor has cuts on his wrist normally associated with attempted suicide cases. The Roshans wanted to avoid unnecessary paperwork.
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Reliance Adlabs Q3 2009 results: Net loss of Rs 26.86cr

January 30, 2009 · Filed Under Adlabs · Comment 


Adlabs Films Ltd, Anil Dhirubhai Ambani group firm, today announced a consolidated net loss of Rs 26.86 crore for the third quarter ended December 31, 2008. The company had a consolidated net profit of Rs 20.49 crore in the same quarter last fiscal, Adlabs Films informed the Bombay Stock Exchange in a communique.
company’s Head of Marketing for India.
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Nandini Sethuraman joins Marks & Spencer Reliance as Marketing head

January 29, 2009 · Filed Under Reliance Retail · Comment 


Marks & Spencer Reliance India Pvt Ltd, the joint venture between UK-based Marks & Spencer and RIL’s retail arm Reliance Retail, on Thursday announced the appointment of Nandini Sethuraman as the company’s Head of Marketing for India.
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$60-80 a barrel oil price desirable - Mukesh Ambani

January 29, 2009 · Filed Under Reliance Industries · Comment 


India’s oil tycoon Mukesh Ambani on Thursday said $60-80 a barrel price of oil was desirable and called for a “fair price mechanism” in the international crude market.

“I think we can live with the price range of ($)60-80 (a barrel),” Ambani, who promotes India’s most valued private sector firm Reliance Industries, said at the World Economic Forum.
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“We are victims of fraud and please do us justice” - RNRL counsel Ram Jethmalanai

January 29, 2009 · Filed Under Reliance Industries, Reliance Natural Res · Comment 


Reliance Natural Resources (RNRL) counsel Ram Jethmalanai concluded his argument before the division bench of the Bombay High Court on Thursday by pleading for justice. “We are victims of fraud and please do us justice,” said the former law minister as the long pending legal tussle between the warring Ambani brothers over the supply of gas from Reliance Industries (RIL) to RNRL inched towards a conclusion. The final arguments in the case will take place on Friday. The case is being heard by a division bench comprising Justice JN Patel and Justice KK Tated. Whoever loses will almost certainly approach the Supreme Court.
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Reliance MF emerges as country’s best fund house in 2008

January 29, 2009 · Filed Under Reliance MF · Comment 


Anil Dhirubhai Ambani Group firm Reliance Mutual Fund has emerged as the best fund house in the country for 2008, while Vikrant Gugnani has been adjudged the best Chief Executive Officer, according to a Hong Kong-based journal.
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Reliance on urea imports set to dip

January 29, 2009 · Filed Under Reliance Industries · Comment 


The proposed investment of Rs 40 billion on greenfield and brownfield fertiliser projects is likely to reduce dependence on the import of fertiliser when these plants become operational by 2010, said the latest Rabobank report.

Indian fertiliser producers have allocated Rs 10 billion on revamping existing facilities while a sum of Rs 30 billion has been chalked out for the expansion. Considering the dearth of raw material sources for fertiliser, fertiliser companies in India are now planning to invest another US $5 billion in 19 overseas joint ventures over the next three years.
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Reliance Money Plans to set up SME Stock Exchange

January 29, 2009 · Filed Under Reliance ADAG, Reliance Money · Comment 


Reliance Money, controlled by the Anil Dhirubhai Ambani Group (ADAG) and a Reliance Capital subsidiary, is exploring the option of setting up a stock exchange for small and medium enterprises (SMEs). For this purpose, the company is currently looking for partners to commence the venture within a year. It is also planning to enter the currency futures space through the SME stock exchange.
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