UTVi: ‘Reliance Ask Money’

December 17, 2008 · Filed Under Videos · Comment 

UTVi and Reliance Money presents the best investment options for you through “Ask Money” a new innovative series which will directly touch the heart of the inquisitive Indian investor. Ask Money is a 90 second interactive capsule on UTVi where Mr. Sudip Bandyopadhyay, CEO Reliance money shall entertain viewer queries pertaining to investments and personal finance.So, tune into UTVi on Saturday, 23rd August at 5:30 pm to get answers to all that you ever needed to know about investments so as to help you chart out a better investment plan. http://utvi.myrecourl.com

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Mukesh loses $43 billion, Anil $40 billion between Jan - Oct 2008

October 25, 2008 · Filed Under Ambani Family · Comment 


As per Economic Times analysis of promoter wealth loss between January 8 and October 24, 2008, shows that the two Ambani brothers bore the brunt of the stock market mayhem, witnessing the highest wealth erosion among promoters of the top business houses in the country.

Though still dominating the market cap ranking, RIL chairman Mukesh Ambani saw his personal wealth crash from $ 57.6 billion as on January 8 to $14.4 billion as on Friday, a fall of 75% since January 8.
Read more

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Reliance MF buys engg & cap goods, bank, oil stocks

August 13, 2008 · Filed Under Reliance MF · Comment 

Reliance Mutual Fund has enlarged its exposure to engineering & capital goods, banking & financial services, oil & gas and utilities sectors. However, cut its holding in information technology, metals & mining and automotive. Read more

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Sell Reliance Petro

August 12, 2008 · Filed Under Reliance Petroleum · 2 Comments 

Stock market analysts have maintained ‘Sell’ rating on Reliance Petroleum Limited (RPL) stock to achieve a target between Rs 155-157 today.
The investors are advised to sell the stock in order to avoid loss, as there are full chances of a downward trend in this stock. If the stock fell below Rs 160, it may see more weakness. Read more

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Reliance Ind a dangerous stock for Nifty now

July 14, 2008 · Filed Under Reliance Industries · Comment 

CNBC-TV18’s Managing Editor, Udayan Mukherjee - It is not good when Nifty is at crossroads, just about on the knife-edge of 4,000 and deciding which way to go. One would like to see strength in the biggest stock in the market but Reliance is wobbly, it went to 2,300 and first provocation has darted it back to Rs 2,000 again. So will we see sub-Rs 2,000 on Reliance today, which is very likely if the Nifty opens 2% down then once again swords will be out that stock is breaking down. Read more

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Reliance Money partners with NDTV for Money Mantra

June 13, 2008 · Filed Under Reliance Money · Comment 

Money Mantra is back. The show that guides the audience to make most moolah is back in its new avatar with a sponsorship from Anil Ambani’s Reliance Money.  In it’s new avatar, “Reliance Money presents Money Mantra” will have a new focus that of educating the aam admi on investment matters, as the only Hindi show on an English channel.

At a time when stock market fluctuations run towards the stronger side, enhancing the knowledge of the common man as simply as possible would be part of this discussion based show.Â

After a successful 2-year run, the show, which went off air late last year, was relaunched on Thursday in the Bombay Stock Exchange, with the top investors cheering on. Â

The new beginning of a show is focussed on personal finances and brings about a wider investor knowledge base. This is the reason why Reliance Money has tied up with the NDTV platform. Â

Money Mantra, which had earlier covered over 500 topics, will now cover a range of economic issues, with prominent panelists answering questions from Indian retail investors.

Investor empowerment seems to be the catchword of the day at the launch of Reliance Money’s Money Mantra on NDTV Profit.

Source: ndtvprofit.com

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Reliance Infrastructure buys back five lakh shares

June 6, 2008 · Filed Under Reliance Infrastructure · Comment 

Anil Ambani-led Reliance Infrastructure which was formerly known as Reliance Energy said it has bought back five lakh equity shares of the company on Thursday.

Since the start of the buy back programme on March 25, the firm has so far bought back more than 35.56 lakh equity shares aggregating Rs 448.05 crore, it said in a statement.

Shareholders of the company have approved the buy back of the firm’s shares up to an aggregate amount of Rs 2,000 crore, the statement added.

Read more: http://economictimes.indiatimes.com/Market_News/Reliance_Infrastructure_buys_back_five_lakh_shares/articleshow/3103761.cms

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Reliance Petroleum Raised to `Buy’ From `Sell’ at Citigroup

June 4, 2008 · Filed Under Reliance Petroleum · Comment 

Reliance Petroleum Ltd., a unit of India’s most valuable company, was raised to “buy” from “sell” at Citigroup Inc. due to widening refining margins.

The company would have reported gross refining margin of as much as $30.90 a barrel if its refinery had already started processing crude oil, analyst Rahul Singh wrote in a report today. Reliance Petroleum’s 580,000-barrel-a-day plant will be completed in December.

Citigroup reduced the stock price target for the company by 7 percent to 204 rupees a share.

Reliance Petroleum declined 0.3 percent to 172 rupees at the close of trading in Mumbai.

The stock was downgraded to “sell” by Goldman Sachs Group Inc. earlier today, on concern that refining margins may weaken.

Read more: http://www.bloomberg.com/apps/news?pid=20601091&sid=alWbmAaNniIc&refer=india

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India’s Reliance Communications, SAfrica’s MTN eye stock swap

June 3, 2008 · Filed Under Reliance Communication · Comment 

MUMBAI (AFP) — South African cellular giant MTN could pick up to a 74 percent stake in India’s Reliance Communications in a share-swap deal being discussed between the companies, an official said Friday.

“The stock swap is an option being considered at the moment,” a Reliance official told AFP on condition of anonymity.

His comments came after the Economic Times reported that Indian minority shareholders could consider swapping their shares in Reliance, led by Anil Ambani, with MTN stock.

These shareholders would also have the option of selling their holding in the company by participating in an open offer from MTN, the official said.

In India, foreign companies can own up to 74 percent of local telecoms firms.

“The broad contours of the deal indicate that Mr Ambani will emerge as the largest shareholder of MTN and RCOM will be its subsidiary,” the Economic Times said.

Formal due diligence involving scrutiny of the corporate financial accounts was expected to begin within a couple of days, the newspaper said.

Both parties are trying to reach an agreement on management control.

The Anil Dhirubhai Ambani group owns close to 66 percent of Reliance, while foreign investors own about 11 percent, the Reliance official said.

“Talks between chairman Anil Ambani and the MTN management could get more clarity towards the end of next week”, the official added.

If talks succeed, it could create a top-10 global telecoms player with a 116 million subscriber base across 23 countries, eclipsing most Western mobile phone businesses.

MTN Group and Reliance Communications announced last Monday they were discussing a “potential combination of their businesses” for up to 45 days to “achieve a unique and global platform for exponential growth.”

The statement came two days after rival Indian mobile operator Bharti Airtel hung up on discussions with MTN in a dispute over control.

Reliance Communications is the main company of the Anil Dhirubhai Ambani Group, which operates in the power, financial services, construction and telecommunications sectors.

Reliance Communications is valued at 28 billion dollars, while MTN is valued at around 38 billion.

Read more: http://afp.google.com/article/ALeqM5hqYJABKny2Wivn6FuyEOOZJLt1Tw

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Ex-date for Reliance Power bonus of 3:5 today

June 3, 2008 · Filed Under Reliance Power · Comment 

Today is the ex-date for Reliance Power bonus of 3:5. New F&O contracts will be issued today. F&O lot size fixed of 500 shares, options strike prices between Rs 10-1230.

Reliance Power has informed that the Register of Members & Share Transfer Books of the Company will remain closed from June 03, 2008 to June 05, 2008 for the purpose of Issue and allotment of Bonus shares.

Reliance Power clarification on eligibility criterion for Shareholders to receive Bonus Shares

“Reliance Power Ltd, on May 05, 2008, clarified and reiterated the eligibility criterion for shareholders entitled to receive the Bonus shares to be issued by the Company.

Reliance Power, the company with the worlds largest family of shareholders of 4.2 million, has made this announcement in response to several queries from investors and market participants, seeking clarification on the eligibility of shareholders for the purpose of issue of bonus shares.

All shareholders of the Company’s records hold shares as at the end of business hours on June 02, 2008, irrespective of whether such shares were subscribed by the shareholders in the Company’s Initial Public Offering (IPO) or such shares were purchased from the secondary market or otherwise after the IPO, shall be eligible to receive the bonus Shares.

As approved by the shareholders of the Company, Reliance Power will issue Bonus shares in the ratio of three new equity shares of Rs 10 each for every five existing equity shares of Rs 10 each held, to the public shareholders of the Company.

Read more: http://www.moneycontrol.com/india/news/market-news/ex-date-for-reliance-power-bonus35-today/09/32/340344

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