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Topic: Reliance industries


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In the News (Sun 12 Oct 08)

  
  RIGZONE - Reliance Industries Announces Results
Reliance is world's 3rd largest producer of PTA, 4th largest producer of PX and the 5th largest producer of MEG.
Reliance is India's largest producer of polymers (PP, PE and PVC) having a market share of 45%.
During the half-year, Reliance produced 389,000 tonnes of ethylene, representing a decrease of 8% over corresponding previous period and 187,000 tonnes of propylene, representing a decrease of 7%.
www.rigzone.com /news/article.asp?a_id=37304   (2025 words)

  
 CNN.com - Reliance merger forms energy major - March 4, 2002
Reliance said that based on results for RIL and RPL for the first nine months of the 2001-02 financial year, the merged entity would have sales of $11.8 billion, operating profit of $1.8 billion and a net profit of $800 million, making it India's first private sector company of global size.
Reliance is seen as a major contender for government stakes in state-run refiners Hindustan Petroleum Corporation Ltd and Bharat Petroleum Corporation Ltd. The firms are likely to be privatized later this year.
Reliance is also one of the bidders for a 26 percent stake in Indian Petrochemicals Corporation Ltd., which the government is selling.
archives.cnn.com /2002/BUSINESS/asia/03/04/india.reliance   (638 words)

  
 India Resource Center - Reliance, an Indian Bellwether, Keeps Thinking Big
Reliance Industries, the country's largest private business enterprise, is just one - albeit the biggest - piece of India's largest conglomerate, the Reliance group of companies.
Reliance Industries, which accounts for 30 percent of the total profits of India's private sector, runs the world's third-largest refinery, in Jamnagar, in the western state of Gujarat.
Anil, 44, Reliance Industries' vice chairman, is an outgoing man, a financial whiz married to a former Bollywood movie star.
www.indiaresource.org /news/2004/1018.html   (1141 words)

  
 The Hindu Business Line : Corporate governance issues in Reliance group
Were the means as good as the end?
Shareholding in Reliance Infocomm: Until this controversy broke, shareholders were under the impression that Reliance Industries was the lead investor in Reliance Infocomm with a 45 per cent equity stake.
Though Rs 2,331 crore of the Rs 2,362 crore invested by Reliance Industries (as of March 31, 2003) in Reliance Infocomm was routed through Reliance Communications, the role of Reliance Communications in the telecom venture remained unclear to shareholders of Reliance Industries.
Reliance Industries invested in 162 crore convertible preference shares of the face value of Re 1 (at a premium of Rs 49) aggregating Rs 8100 crore.
www.blonnet.com /iw/2005/07/03/stories/2005070300160600.htm   (1693 words)

  
 Reliance Industries - Wikipedia, the free encyclopedia
Reliance Industries Limited is India's largest private sector company with a turnover of US $19.976 billion and profit of US $2.033 billion for the fiscal year ending in March 2006.
Reliance Industries Ltd, subsequent to its split in January 2006 has continued to grow from strength to strength.
Reliance Industries Limited has a wide range of products from petrochemicals (its major product), to garments (under the brand name of Vimal).
en.wikipedia.org /wiki/Reliance_Industries_Limited   (346 words)

  
 BBC NEWS | Business | Directors retreat from Reliance
Mukesh Ambani, 47, is chairman of Reliance Industries.
Ashok Jhunjhunwala, the representative of leading shareholder Reliance Industries on the Energy board, was among those who resigned, fuelling fears that the dispute was headed for a showdown.
He later sent an e-mail to Reliance employees, asserting that there was no ambiguity from his father's legacy and that he was the final authority on all matters concerning Reliance.
news.bbc.co.uk /go/click/rss/0.91/public/-/2/hi/business/4042215.stm   (387 words)

  
 DuPont.com: Reliance to License Polyester Resin Technology from DuPont   (Site not responding. Last check: 2007-10-18)
Reliance Industries Ltd. (RIL) has signed a memorandum of understanding with DuPont Polyester Technologies (DPT) to license the revolutionary resin technology known as NG-3 from DuPont.
Reliance said it will expand its existing Relpet® polyester packaging resin (PET) capacity of 80,000 tonnes per year to 300,000 tonnes per year by building the world's first plant based on the NG-3 process.
Reliance already is the second largest polyester yarn and fiber producer in the world, with a capacity of 925,000 tonnes per year.
www.dupont.com /corp/news/daily/2002/dn03_12_02b.html   (329 words)

  
 The Hindu Business Line : Reliance holds Rs 12,000 cr worth of its own stock
ABOUT 17 crore shares of Reliance Industries worth Rs 12,000 crore in value are held by certain entities, according to the company, for the collective benefit of the shareholders.
The shareholders of Reliance industries would be allotted shares in these new companies in proportion to their holdings in the company in the ratio of 1:1.
The trust warehouses shares that Reliance Industries held in Reliance Petroleum and was allotted to Reliance Industries shares as per the swap ratio for the merger.
www.thehindubusinessline.com /2005/08/08/stories/2005080801870100.htm   (678 words)

  
 Reliance Industries Ltd.
Reliance Industries has announced merger Reliance Petroleum Limited with itself in a swap ratio of 11:1.
We believe that at the current level Reliance Industries is a good investment with many events in the offing, which would act as a trigger in the time to come.
Reliance Industries at a PE of 9.74 on a stand alone basis is quoting at a discount to most of its international peers.
www.valuenotes.com /krc/June702.asp?ArtCd=31922   (2091 words)

  
 The Hindu : Business : Reliance unveils retail plan
Calling this an idea which has the potential to revolutionise the Indian socio-economic framework, he said "Conceptually, Reliance is creating a virtuous circle of prosperity by bringing farmers, small shopkeepers and consumers in a win- win partnership.'' He was speaking at the 32nd annual general meeting of the company, here.
Reliance Industries will have a 100 per cent stake in RRL, save for employee stock options," Reliance Industries stated in a press release.
Ambani said Reliance was building a portfolio of exploration acreages in known petroliferous regions, accrued through organic growth and strategic acquisitions.
www.hindu.com /2006/06/28/stories/2006062808151600.htm   (504 words)

  
 rediff.com: Hawkers: S Gurumurthy on the warpath against Reliance again   (Site not responding. Last check: 2007-10-18)
It complains of a 'gigantic fraud perpetrated by Ambanis' in allotting themselves 120 million shares of Reliance Industries Ltd in January 2000.
The merger of the Reliance twins - Reliance Polypropylene Limited and Reliance Polyethylene Limited - with RIL, also increased the Ambani holding in RIL by 7.76 per cent at an effective price of Rs 64 per share (pre-bonus) when the market price was over Rs 300.
On Tuesday night, Reliance replied to this columnist's queries by sending a copy of the letter written to Finance Minister Yashwant Sinha in July 27, 2001 in connection with the UTI private placement by Yogesh Desai, President, Corporate Communications.
www.rediff.com /money/2002/feb/08dalal.htm   (1098 words)

  
 RIGZONE - Reliance Industries
Friday, October 20, 2006 - Reliance Industries' chairman is pleased with the company's performance and feels RIL is well positioned in India's E&P market.
Thursday, April 07, 2005 - India's Reliance Industries Ltd. has received the government's approval for a $2.49 billion plan to develop a gas discovery in the Krishna Godavari basin.
Monday, March 14, 2005 - Reliance Industries has successfully acquired exploration rights to one of the large deepwater blocks in the Sultanate of Oman.
www.rigzone.com /news/company.asp?comp_id=220   (713 words)

  
 Reliance Infocomm on Broadband in India
Reliance knows the first mover advantage, on the same lines that BSNL set up its mobile services in the rural areas.
Reliance Infocomm reduces ISD rates by 45-69% The leaders in the CDMA mobile technology in India, Reliance Infocomm has announced that they are reducing the charges of ISD calls on their telephones by 45-69%.
Reliance raises USD 750 million for telecom division For the company which might revolutionize broadband in India as they did with mobile phones (CDMA based), this would come as a relief.
sifybroadband.techwhack.com /134/reliance-infocomm   (1219 words)

  
 Reliance Industries
As a manufacturer of mixing equipment, we are dedicated to serving the plastics, powder coating, and chemical industries.
Our objective at Reliance Industries is to achieve consumer satisfaction by working as partners with our clients on fulfilling their product needs.
Reliance Industries, Inc. • 1900 FM 1092 • Missouri City, TX.
www.reliancemixers.com   (91 words)

  
 India's Reliance Industries to invest 250 bln rupees in Jamnagar refinery - Forbes.com   (Site not responding. Last check: 2007-10-18)
Reliance chairman Mukesh Ambani said capacity at the company's oil refinery at Jamnagar in western Gujarat state will be doubled in the next five years.
'Reliance shareholders will be entitled to shares in these entities in the same proportion of their equity holdings in Reliance Industries,' Mukesh said.
In late afternoon trade, Reliance Industries was down 12.6 rupees or 1.6 pct at 727, erasing early gains to 750 rupees.
www.forbes.com /markets/feeds/afx/2005/08/03/afx2169402.html   (514 words)

  
 Indian Stock Pick - Reliance Industries
Reliance has finally broken out of its ascending triangle pattern.
Reliance Industries is forming (over the last 2 months) what we call an ascending triangle pattern.
The ascending triangle is a bullish formation that usually forms during an uptrend as a continuation pattern.
www.tradersedgeindia.com /indian_stock_picks/reliance_industries.htm   (623 words)

  
 AllIndianSite.com - Dhirubhai Ambani - It's All About People
In the year 1966, as a first step in Reliance's highly successful strategy of backward integration, he started the textile mill in Naroda, Ahmedabad.
Today, the Reliance Group has one of the largest family of shareholders in the world.
Conferred the 'Indian Entrepreneur of the 20th Century' award by FICCI (Federation of Indian Chambers of Commerce and Industries), for his meticulous scripting of one of the most remarkable stories of business endeavour of the 20th century, March 2000.
profiles.allindiansite.com /ambani1.html   (809 words)

  
 TIMEasia Magazine: The Families that Own Asia - Ambani
They've been on an expansion tear ever since, successfully bolstering Reliance's presence in power generation, oil exploration, finance and biotech, and consolidating the company's position as a leading player in India's fast-growing telecom sector.
Mukesh, now 46 and chairman of the group's flagship Reliance Industries, and Anil, its 44-year-old vice chairman, seemed so different from their father, a schoolteacher's son and self-made billionaire famed for his ability to work India's Byzantine bureaucracy to his advantage.
As Reliance began capturing market share (more than 6 million subscribers at recent count), a flood of complaints from rivals prompted regulators to rewrite telecom policy, allowing Reliance to continue in mobile telephony if it paid a $116 million penalty.
www.time.com /time/asia/covers/501040223/ambani.html   (791 words)

  
 India Business News : Reliance Industries Ltd's petrochemical biz drives profits   (Site not responding. Last check: 2007-10-18)
Mumbai: Reliance Industries Ltd (RIL) today said its petrochemical business boosted its September quarter earnings and it has outperformed the industry by a wide margin.
Despite crude prices coming down, Reliance has been able to make profits because there has been a delay in the production of oil in new capacities in the Gulf, the company sources said.
The company suffered a paltry loss of Rs 34 crore and 63,000 tonnes in volumes because the Hazira complex had to be shut due to flooding of the Tapi river, they said.
www.keralanext.com /news/?id=883099   (189 words)

  
 FOXNews.com - Reliance Industries to Create Wal Mart-Style Store Network in India - Business And Money | Business News ...
NEW DELHI — India's top business conglomerate, Reliance Industries Ltd., unveiled an ambitious plan Tuesday to venture into retail, investing billions of dollars and hiring thousands to create a network of giant Wal Mart-style stores.
Reliance Industries — known for its ability to plan and execute big projects — would set up a new company with a capital base of $2.2 billion to foray into retail, Chairman Mukesh Ambani told the annual shareholders' meeting.
The new company, Reliance Retail Ltd., would "build a business that would focus on competitive offerings to Indian consumers" across much of the retail spectrum — from food to footwear, ovens to home computers, Ambani said.
www.foxnews.com /story/0,2933,201171,00.html   (581 words)

  
 Investment Guru (via CobWeb/3.1 planetlab-3.cs.princeton.edu)   (Site not responding. Last check: 2007-10-18)
Reliance is world’s largest producer of polyester fibre and yarn with a capacity of 1.7 million tonnes.
Reliance Industrial Infrastructure Limited (RIIL) For the year ended 31st March 2006, RIIL has reported a 22% increase in its turnover from Rs 53 crore to Rs 64 crore.
Going by the promoter background, past performance and the aggressive expansion plans, Reliance Industries emerges as a stock which should be a “must-have” in an individual’s portfolio.
rasoni.blogspot.com.cob-web.org:8888 /2006/05/investment-idea-reliance-industries.html   (923 words)

  
 Identityworks: Reviews - 2006 - Reliance
Reliance retained Prophet to develop a new brand positioning, and Landor Associates to develop a new visual identity system.
Landor was then challenged to express this new dynamic, confident and contemporary Reliance ADAG, in a simple and bold manner in order to stand out within the Indian landscape.
Because people will almost certainly continue to use "Reliance" to designate Reliance Industries, in many situations they must find a different way to designate this other Reliance, which in effect has thus lost control of its own communicative name.
www.identityworks.com /reviews/2006/reliance.htm   (644 words)

  
 India: How To Divvy Up A $22.5 Billion Empire
Following the settlement, everyone from the Finance Minister down to the smallest punter was happy the battle had not torn Reliance Industries -- the keystone of the group -- apart.
Reliance Infocomm settled the case by agreeing to pay the missing tariffs, plus a $30 million penalty.
Reliance Industries is already expanding into retail gasoline sales, setting up stations along India's newly built highways.
www.businessweek.com /magazine/content/05_27/b3941902.htm   (1398 words)

  
 India's Reliance Industries signs major deal to build special economic zone - Forbes.com   (Site not responding. Last check: 2007-10-18)
The zone, located in the northern farm state of Haryana, is estimated to cost as much as 400 bln rupees over the next decade, making it one of the largest infrastructure projects in the country, Reliance Industries chairman Mukesh Ambani said in a press statement.
Reliance, India's largest private company with its core business in oil refining and petrochemicals, will invest 250 bln rupees in the project, with the rest of the money coming from private companies building their own facilities in the zone, he said.
U.S. indexes are delayed at least 15 minutes with the exception of Nasdaq, Dow Jones Industrial Average and S&P 500 which are 2 minutes delayed.
www.forbes.com /business/feeds/afx/2006/06/20/afx2826186.html   (558 words)

  
 [No title]
A new sleeper company has come on the horizon, manufacturing "The Next Generation" of sleepers for the Owner/Operator.
The new Company brings a unique blend of expertise to the industry.
Based on over 70 years of cumulative experience in the industry the Company is firmly committed to its customers and to a quality product.
www.americanrelianceindustries.com   (97 words)

  
 Reliance Industries Limited Careers: Vault Career & Hiring Profiles
We annually survey and interview 10,000s of employees and job seekers to bring readers the inside scoop on careers and hiring at top industries and employers.
Reliance Industries Limited employee surveys are collected by Vault editors, Vault Gold Surveys provide detailed information on careers and hiring at specific employers.
We provide a free insider career profile on Reliance Industries Limited, based on interviews and surveys of Reliance Industries Limited employees.
www.vault.com /career-company/Reliance-Industries-Limited.html   (435 words)

  
 Reliance Industries Limited.
Reliance Industries concludes re-pricing of USD 687.50 million Syndicated Term Loan facilities
Reliance is India's 'Most Admired Business House', fourth year in a row
Reliance Group emerges as India's Largest Wealth Creator in the private sector for the Year 2003-04
www.ril.com /rportal/jsp/eportal/media/MediaHome.jsp?nyear=2004   (710 words)

  
 BBC NEWS | Business | Reliance Industries profits soar
Reliance Industries is owned by two of India's leading businessmen, Mukesh and Anil Ambani, who have long been arguing over how to split the group.
Reliance Industries was headed by the Ambani brothers until last year, when a dispute over ownership issues between the two led to a division in the company.
The older brother Mukesh currently controls the oil, gas and petrochemicals business while younger brother Anil has control of the telecom, electricity and finance arms of the group.
news.bbc.co.uk /go/rss/-/1/hi/business/4952104.stm   (271 words)

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