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All eyes on Reliance Industries Limited 30th AGM tomorrow

June 25, 2012 · Filed Under Reliance Industries · Comment 

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Energy major Reliance Industries, which is sitting on cash pile of over Rs 70,000 crore, is likely to announce some big-ticket investment plans at the company’s 30th Annual General Meeting tomorrow.

It is understood that the investment plans, spanning the next two years, will be in the retail and the 4G space.
Source: economictimes


Reliance Industries, HFCL tie up for 4G launch

June 15, 2012 · Filed Under Reliance Industries · Comment 

Reliance Industries Ltd (RIL) plans to roll out its 4G network in partnership with Himachal Futuristic Communications Ltd (HFCL), the group from which it acquired pan-India airwaves for high-speed internet and data services in May 2010.

According to people familiar with the development, Reliance-owned Infotel Broadband will focus on key aspects of the network and monitor the rollout, but will leave ground-level execution and management to HFCL, which has prior experience of similar deployment.
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RIL to make its own 4G mobile handsets

June 15, 2012 · Filed Under Reliance Industries · Comment 

Reliance, which is set to launch its own 4G services, will make its own mobile phones and rely on cloud computing to reduce the price of its handsets.
Mukesh Ambani led Reliance Industries (RIL), which is set to launch its 4G services in India, will make its own mobile phones, according to a report of Economic Times.

In December last year we reported that RIL will offer Rs 3,500 tablets for its 4G customers. And now it has come out from its annual general body meeting as to how it wants to reduce the price of its devices.
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Mukesh Ambani keeps promise: RIL becomes debt free

April 24, 2012 · Filed Under Reliance Industries · Comment 

mukesh-ambaniHelped by a huge cash pile of over Rs 70,000 crore, corporate giant Reliance Industries has become a debt-free entity — a feat its billionaire chief Mukesh Ambani had promised to achieve about ten months ago.

At the end of last financial year ended March 31, 2012, Reliance Industries Ltd (RIL) had total cash balance of Rs 70,252 crore (USD 13.8 billion), as against an outstanding debt of Rs 68,259 crore (USD 13.4 billion) — making the country’s most valued firm debt free on a net cash basis.
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LIC lowers Reliance Industries exposure: FIIs buy more in Q4

April 17, 2012 · Filed Under Reliance Industries · Comment 

State-run insurance giant LIC lowered its stake in Reliance Industries Ltd (RIL) with sale of shares worth an estimated Rs 500 crore during the previous quarter, but foreign investors raised their holding by more than Rs 1,200 crore during the same period.

As per its latest shareholding pattern, filed by RIL with the stock exchanges today, LIC’s stake in the country’s most valued firm dipped from 7.31 per cent to 7.09 per cent during the January-March, 2012 quarter.
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Reliance Industries to announce Q4 results on April 20

April 12, 2012 · Filed Under Reliance Industries · Comment 

Reliance Industries will announce its fourth quarter earnings and recommend dividend, if any, on April 20.

In a BSE filing today, RIL said, The Board of Directors of the company will meet on April 20, to consider and approve the audited financial results for the quarter and year ended March 31, 2012 and to consider and recommend dividend on equity shares.
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Reliance in trouble over secret documents

April 3, 2012 · Filed Under Reliance Industries · Comment 

An official Secrets Act case dating back to the time when the two Ambani brothers had not parted ways has now come back to haunt the Reliance Industries.

A Delhi court on Monday framed charges against the company and its three senior executives for possessing secret cabinet documents. The police had found the secret government documents during a raid on the office of the company’s group president in 1998.
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Reliance Industries ties up to Hindustan Unilever Ltd,

April 3, 2012 · Filed Under Reliance Industries · Comment 

The country’s two top companies, oil-to-retail giant Reliance Industries Ltd (RIL) and FMCG major Hindustan Unilever Ltd, have got into a tie-up to collaborate in setting up a chain of beauty and wellness formats across the country. Their stated aim is to bring these products to the masses.

The beauty and wellness formats will be started in Reliance Hypermarkets in May. These will begin in Mumbai and be expanded to 40 hypermarkets across the country in the first phase of three months. Reliance, which is planning to open a mart every week, will add this format in each store.
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Mukesh Ambani speaks about peace and productivity

April 2, 2012 · Filed Under Reliance Industries · Comment 

Can business and spirituality be spoken about in the same breath? Mukesh Ambani proves to be a distinctive example of business tycoon engaging in spirituality. Spirituality gets one closer towards social responsibility. While corporate have associated themselves with philanthropic activities and other benevolent deeds, there are few who are known for their spiritual deeds. No more are corporate companies solely valued for their stock values. Society and people are concerned about the social responsibilities and the welfare programs that they cater to.
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RIL to start 4G trials in Jamnagar soon

March 28, 2012 · Filed Under Reliance Industries · Comment 

Mukesh Ambani’s next big idea — rollout of commoditised fourth-generation 4G telecom services across the country — is taking concrete shape.
After announcing last month that Nagpur would be a hub for its 4G operations, trials are set to begin for services at Reliance Industries’ (RIL) massive complex in Jamnagar next month, in a pilot before the project is escalated nationwide.
An RIL spokesperson refused to comment.
The megacorp is expected to begin rolling out services using the ultra-fast Long Term Evolution or LTE technology.
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