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What Is India News Service
Wednesday, November 07, 2007


 

Economy

   Reliance Group


 

 

The Reliance Group, founded by Dhirubhai H. Ambani (1932-2002), is India's largest business house with total revenues of over US$ 22.6 billion. The Group's activities span exploration and production of oil and gas, refining and marketing, petrochemicals, textiles, financial services and insurance, power, telecom and infocom initiatives. The Group exports its products to more than 100 countries the world over.

Reliance Group revenue is equivalent to about 3.5% of India's GDP. The Group contributes nearly 10% of the country's indirect tax revenues and over 6% of India's exports.

References

•  Reliance Industries

•  IPCL

•  Reliance Infocomm

•  Reliance LIfe Science

•  Reliance Energy

  Reliance Mutual Fund

  News Releases

 

The Reliance Group Companies include: Reliance Industries Limited, Reliance Capital Limited, Reliance Industrial Infrastructure Limited, Reliance Telecom Limited, Reliance Infocomm Limited, Reliance General Insurance Company Limited, Indian Petrochemicals Corporation Ltd. and Reliance Energy Limited.

 

The stock market on Tuesday collapsed from the day’s high and even ended 190 points lower in volatile trade on heavy profit sales by investors and a slowdown in FII activity. (Sensex Sheds 190 Points, Hindu, Correspondent or Reporter, Nov 07, 2007)

The corporate bond market, or the private debt market as it is sometimes called, continues to languish in India. (An Alternative Source Of Funds, Hindu, Editorial, The Hindu, Nov 07, 2007)

As the department of telecommunications prepares to release more spectrum to telecommunication companies, conflicts are multiplying, and issues are getting more muddled. (Call For More, Telegraph, Editorial, The Telegraph, Nov 07, 2007)

Reliance Industries said that it has made a second gas discovery in what it referred to as the “Miocene clastics reservoir” in the Krishna basin. The company holds 100 per cent participating interest in the block. (Reliance Makes 2nd Gas Find In Krishna Basin, Business Line, Correspondent or Reporter, Nov 07, 2007)

India’s skills shortage has spread from engineering to blue-collar skills. DLF Laing-O’Rourke, a joint venture building infrastructure for DLF in India, wants to bring home a whopping 20,000 Indian skilled workers currently employed in West Asia. (Importing Workers No Cure , The Economic Times, Editorial, Economic Times, Nov 07, 2007)

New York’s former Mayor is living up to his reputation as someone who will do and say anything for power. (Rudy Giuliani Is George Bush With Brains, Hindu, A N Sudarsan Rao , Nov 06, 2007)

It was a see-saw game between bulls and bears on Monday at the Dalal Street. Bulls tried their best to stay afloat, and that is why at one point of time Sensex witnessed a high of 20,009.35 points. (Sensex Slips 385 Pts, Pioneer, Correspondent or Reporter, Nov 06, 2007)

I have often regretted my cautious approach towards the Indian stock market. (Oil’S Not Well, Indian Express, Vikram S Mehta, Nov 06, 2007)

Microsoft Corp. and India's Reliance Communications Ltd. announced a partnership Monday to take Internet-based television services to Indian homes. (Reliance, Microsoft In Internet Venture, Singapore Times, Correspondent or Reporter, Nov 06, 2007)

Microsoft Corp. and India's Reliance Communications Ltd. announced a partnership Monday to take Internet-based television services to Indian homes. (Reliance Communications Ties Up With Microsoft To Offer Inte, Singapore Times, Correspondent or Reporter, Nov 06, 2007)

FOR those who believed that Ms Bhutto’s return would promote national reconciliation and calm the political temperature, there has been a rude awakening. (Some Strategic Errors, Dawn, Editorial, Dawn, Nov 05, 2007)

Atomic Energy Regulation Board’s former chairman A.G. Gopalakrishnan on Sunday opposed the Indo-US nuclear deal, as it was not in the country’s interest. (Aerb Ex-Chief Opposes N-Deal , Hindu, Correspondent or Reporter, Nov 05, 2007)

Given runaway international crude oil prices, India's top energy firms are gearing up massive expansion and exploration plans both at home and abroad. (India's Oil Majors In Global , Singapore Times, Correspondent or Reporter, Nov 03, 2007)

The fact that there were barely 16 working days in October ~ with a state employees’ strike coinciding with the 12+12 mode of disruption ~ may have turned out to be a mite too embarrassing for the West Bengal government. (Edits, Statesman, Editorial, Statesman, Nov 03, 2007)

The energy and good cheer were intact as A P J Abdul Kalam ignited more young minds on Tuesday. Addressing close to 6,000 students from around 120 schools at the inauguration of Renaissance 2007: (Do Not Boycott Politics, Kalam Advises Students, Deccan Herald, Correspondent or Reporter, Oct 31, 2007)

Reliance Industries Ltd on Tuesday denied the news agency report that its chairman Mukesh Ambani had become the richest man in the world on the basis of RIL’s market capitalisation on Monday, when the Sensex surged briefly past the 20,000-point level. (Mukesh Is Not So Rich, Says Reliance, Asian Age, Correspondent or Reporter, Oct 31, 2007)

Negative effect Auto and banking sector stocks slip FIIs, domestic institutions were net sellers on Tuesday. (Rbi Policy Pushes Sensex Down, Business Line, Correspondent or Reporter, Oct 31, 2007)

Market capitalisation is not the best indicator. Nor may Reliance Petroleum equity have been counted properly. (Let The Rupee Go, Indian Express, Bibek Debroy, Oct 31, 2007)

The country's premier stock exchange BSE's frontline index on Monday crossed 20,000 mark in late trade but closed a shade lower at 19,978 points. (Bulls Blitzkrieg Sees Sensex Kiss Mount 20k , Deccan Herald, Correspondent or Reporter, Oct 30, 2007)

The Sensex airbrushed a kiss to the magical 20,000 mark on Monday just 15 minutes before the close of trade as a new set of scrips boosted its fortunes. (Sensex Hits 20k, Makes Mukesh World’S Richest, Asian Age, Correspondent or Reporter, Oct 30, 2007)


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