As part of ongoing de-merger of Reliance group companies following settlement of ownership between two Ambani brothers, Mukesh Ambani-owned Reliance Industries Ltd has acquired 37.95 per cent stake in Reliance Energy, owned by the younger brother.
The markets opened firm with tech, bank and pharma scrips making steady gains.
Upholding an order of Maharashtra Electricity Regulatory Authority, the Bombay high court on Thursday asked Tata Power Company to pay Rs 289 cr
At least four firms including Gas Authority of India Ltd, Petronas of Malaysia and British Gas have bid for supplying natural gas/LNG to Reliance Energy's mega 3740 MW gas-fired power plant at Dadri in Uttar Pradesh.
Late selling in the market saw the Sensex close seven points lower at 9,374.
The 30-share BSE Sensex opened marginally weak but soon moved into the positive region
Reliance Energy Ltd shareholders on Wednesday approved a proposal to buy back a part of its equity shares at maximum Rs 525 per share aggregating up to Rs 350 crore.
The Sensex once again opened with a positive gap at 10,169 - up 45 points from its previous close
Heavy selling pressure towards the end saw the Sensex slide to a low of 9714, and closed with a loss of 101 points at 9743.
BSES Ltd, now Reliance Energy Ltd, has declared a 10 per cent dividend for the quarter ended June 2003, making it the first listed Indian company to pay quarterly dividend.
The Sensex opened with a positive gap of 12 points at 8,699, and touched a high of 8,713 in early morning deals.
The Sensex ended with a huge gain of 1.6% or 91 points at 5,766, and the Nifty closed 36 points higher at 1,806.
The indices are moving in a narrow band. The Sensex is currently at 5183, up 13 points, while the Nifty is unchanged at 1632.
The Sensex after moving in a range of 10,556 to 10,690, finally ended with a loss of 31 points at 10,595.
The Sensex closed with a loss of 63 points at 9,311.
The Sensex declined 26 points to close at 7,120.
The Sensex lost six points to close at 6,316. The Nifty also ended weak at 1992 - down a point.
All India Congress Committee General Secretary Sanjay Nirupam on Saturday threatened to immolate himself if his demand for reduction in power tariff in Mumbai was not accepted.
SC judges suspected a lack of objective criteria in the selection.
Mumbai was excluded from the 20 per cent cut in power tariff charged to domestic consumers, industries and power looms by the state-run Maharashtra State Electricity Distribution Company (MahaVitaran), he lamented while addressing his supporters.
While consumer electronics, technology, mobile phones, auto and sports-wear categories dominate the top 20, FMCG has only one entry in the list
'While investors in Reliance have had to play a game of patience for long stretches, for Anil the challenge is to do what used to be his brother's forte -- generating cash by putting assets in the ground and making things,' says T N Ninan.
A Delhi court on Saturday issued fresh summons to Reliance ADA Group Chairman Anil Ambani and his wife Tina Ambani to appear as prosecution witnesses before it next month in the 2G spectrum allocation case.
City police, metros, airports, even power utilities are using pop culture and social media to reach the young and encourage public ownership of public services. Amritha Pillay reports.
The Central Bureau of Investigation on Monday filed its first charge-sheet in a Delhi court in the coal blocks allocation case against Navabharat Power Pvt Ltd for allegedly misrepresenting facts and making "fraudulent" claims to "embellish" its applications to get allotments between 2006 and 2009.
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