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Reliance MF declares 30% dividend on Liquid Fund-Treasury Plan
Reliance Mutual Fund (MF) has declared a dividend of 30% per unit of face value of Rs 10, under the dividend option of the Reliance Liquid Fund - Treasury Plan.
The fund house has fixed March 23, 2009, as the record date for the payment of dividend of Rs 3, pursuant to payment of which, the NAV would fall to the extent of dividend payout and statutory levy, if applicable.
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Reliance seeks help from National Aerospace Laboratories for making carbon fibre
Reliance Industries Ltd is planning to source locally developed technology from state-owned National Aerospace Laboratories (NAL) to make carbon fibre. The carbon fibre is a scarce, steel-like material used in building light aircraft.
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Indian Oil Corp likely to respond to Reliance invitation by weekend
State-run fuel retailers including Indian Oil Corp (IOC) are likely to respond by this weekend to Reliance Industries‘ proposal for forming a joint venture for reviving 1,432 petrol pumps it had closed last year.
Reliance had sought Expression of Interest (EOI) from IOC, Bharat Petroleum and Hindustan Petroleum for possible partnership for reopening the petrol pumps.
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Reliance Industries plans to start all secondary units of RPL to boost production
India’s Reliance Industries will commission all secondary units of its new refinery in a few weeks and expects to reach full capacity of 580,000 barrels per day by September, nine months after it began operations, company officials said.
The refinery is totally export-focused and was commissioned in December, facing weak global demand for refined products.
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India to get its own benchmark price index for petroleum products
In a development that underlines India’s emergence as a huge exporter of petroleum products, a new India-based benchmark price, the West India Price for petrol and diesel will now be traded globally. CNBC-TV18’s Gautam Srinivas reports.
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Reliance Industries plans to revive its Singapore trading desk
Reliance Industries Ltd plans to revive its Singapore trading desk, which saw the departure of trading head Michael Ng and his team last month, a company spokesman told Reuters on Wednesday.
We had set up Reliance Global Energy Singapore Pte Ltd with a long-term strategic view and will meet the staffing requirements. We will make relevant announcements in due course, he said.
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Reliance Comm launches GSM Mobile services in Delhi
Telecom services and CDMA major, Reliance Communications today launched its GSM services in Delhi as part of the company s nationwide roll out of such services.
RCom, which became the first private CDMA in India to provide GSM services, had recently launched its GSM services in Mumbai.
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Reliance Growth, Reliance Vision declare dividend
Reliance Mutual Fund has announced dividends of 20% (Rs 2 per unit on the face value of Rs 10) under the Retail and Institutional Plan of Reliance Growth Fund and Reliance Vision Fund.
Both the schemes are equity diversified schemes with an objective to achieve long term growth of capital by investing in equity and equity related securities through a research based investment approach.
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Reliance Moves Supreme Court against Mumbai Tariff Order
Reliance Energy Ltd., India’s third- biggest utility, filed petitions in the Supreme Court challenging an order to refund additional tariffs of more than 2.5 billion rupees ($48.5 million) collected from shopping malls in Mumbai.
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RIL keen on buying crude oil from Cairn India’s Rajasthan fields
Reliance Industries (RIL) and Essar Oil are keen on buying crude oil from Cairn India’s Rajasthan fields even as the Petroleum Ministry struggles to find takers of the nation’s most prolific oil discovery among public sector firms.
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