Reliance Energy Union leader murdered in public
Mumbai, November 9 : A union leader in Reliance Energy Ltd was murdered in broad daylight on Sunday, a day ahead of a scheduled court verdict in a case concerning 43 contract employees.
Shantaram Kanade (48) was attacked by 10-12 unidentified men and stabbed 25 times on the threshold of the office of his residential society in Evershine Millennium Paradise in Thakur Village Kandivili (East). He was the secretary of the society.
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Reliance Industries stock likely to underperform: Sudarshan Sukhani
Technical Analyst, Sudarshan Sukhani is of the view that Reliance Industries is likely to under perform irrespective of what its doing in the last three days, while ONGC should stay with the market and perform.
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One can bet on Reliance Infra stock: PN Vijay
Portfolio Manager, PN Vijay told CNBC-TV18, “Nothing very fantastic in the mid-cap space because power is now just starting to get into people’s antennas. In the power utilities, I would rather go in for Reliance Infra, the old BSES, because I think the earnings visibility is very strong there and the EPC business appears to be becoming larger and larger share of the Reliance Infra cake. It has fallen so much just like all the other Reliance shares. So I would bet on a horse like that.”
Anil Ambani plans to increase stake in Reliance Infra
Anil Dhirubhai Ambani is looking to increase his stake in Reliance Infrastructure by about 5 per cent through the creeping acquisition route in a bid to increase the promoters’ holding above 50 per cent.
The promoters and promoter group companies, which are controlled by the junior Ambani, are expected to buy R-Infra shares in this financial year from the open market, where prices are reeling under global economic slowdown, said sources close to the company.
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Reliance Consumer Finance stops fresh loans
Reliance Consumer Finance, a unit of Reliance Capital Ltd, has stopped giving fresh loans due to the tightening local liquidity conditions, a newspaper report said on Saturday quoting a top company official.
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Anil Kapoor - CEO of Big TV quits
The CEO of Big TV, R-ADAG’s direct-to-home venture, Arun Kapoor, has put in his papers just four months
after joining the DTH company. He was poached from Dish TV where he was the CEO since 2006. His resignation has surprised the DTH industry as Big TV was launched just two months ago and Mr Kapoor had announced long-term plans for the company.
The R-ADAG official spokesperson confirmed the development and said that Mr Kapoor has already been relieved of his duties. The spokesperson refused to give out reasons for the move. Mr Kapoor could not be contacted.
Not a great festive season for Reliance Retail
This festive season’s not given Reliance Retail much to cheer about. High inflation and rising interest rates seem to have kept the consumer away. And though there have been some signs of promise from jewellery, electronics and apparel, footfalls in other formats have been disappointing.
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Reliance Retail to close stores, cut operation size
Story on LiveMint said that Reliance Retail Ltd, an arm of Reliance Industries Ltd (RIL), India’s biggest company by market value, has embarked on a restructuring exercise that involves shutting, relocating or resizing at least 200 of its smaller stores, said two persons familiar with the development.
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Reliance Rosa Power Phase-I to complete by 2009
Anil Dhirubhai Ambani-owned Reliance Power is all set to commission the first phase of the 600 MW Rosa Power project in 2009, almost a year ahead of schedule.
The project is being executed by Rosa Power Supply Company, a wholly-owned subsidiary of Reliance Power, and funding for Phase-I and Phase-II has also been tied up.
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Reliance Retail to set up 55 home appliances stores in 2 yrs
As per PTI report Reliace Retail would set up 55 stores on home appliances and electronic goods across the country over the next two years.
We have planned to open 55 stores on home appliances and electronic goods across the country over the next two years under the Reliance Digital brand” Reliance Retail President and Chief Executive (Consumer Durable IT and Telecom) Ajay Baijal told PTI in Chennai.
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Dhirubhaism
You do not require an invitation to make profits.
— Dhirubhai
Stock Quotes
Bombay Stock Ex 8839.87 +0.00
Dow Jones 8149.09 -679.95
NASDAQ 1398.07 -137.50
S&P 500 Index 816.21 -80.03
Rel Industries 1109.40 -25.05
Rel Energy 1454.55 +0.00
Rel Capital 435.80 -12.80
Rel Communications 196.55 +1.05
Rel Power 107.20 -3.30
Rel Petroleum 71.80 -1.45
Rel Natural R 40.05 -1.05
Rel Ind Infra 312.80 +1.95
Adlabs Films 149.30 -2.85
Date Time:01-12-2008 05:28
- Dhirubhai's vision for India
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