Shankar Sharma of First Global says that earnings for HPCL, BPCL can quadruple, factoring in oil bonds.
In the biggest ever deal in the Indian media sector, RIL will acquire control in Network 18 Media & Investments Ltd, including its subsidiary TV18 Broadcast Ltd.
Taking to Twitter, he claimed to be the number one on Facebook, citing a remark of Mark Zuckerberg, co-founder and Chief Executive Officer of the social media company. This is not the first time that the US President has claimed to be the number one and Prime Minister Modi number two on their popularity on Facebook.
The RBI targets inflation at 6 percent by January 2016 and 4 percent for 2017/18.
RIL has also appointed McKinsey senior advisor Adil Zainulbhai as independent director and Network 18 Media & Investments (NW18) former promoter Raghav Bhel as a non-executive director on the NW18 Board.
Reliance Infocomm has started its broadband operations with the launch of Digital Electronic News Gathering service that enables TV channels to broadcast quality news video from a remote location to the studio directly.
Competition Commission of India on Wednesday said it has approved the merger of the media assets of Reliance Industries and Walt Disney Co to create the country's largest media empire. The deal, announced six months ago, has been cleared by the CCI with certain modifications proposed by the two parties.
In a blog post, Google said it is offering 'a new world of apps available for TV', including NBC's CNBC Real-Time, an application that will allow Google TV users to track stocks.
Paramount Global has agreed to sell its 13 per cent stake in its Indian TV business to Reliance Industries for Rs 4,286 crore, the Indian firm said on Thursday. In a stock exchange filing, Reliance said it has signed a binding agreement with two subsidiaries of Paramount Global to acquire 13.01 per cent equity stake of Viacom 18 Media Private Limited held by Paramount Global. Similarly, in a filing on the US Securities and Exchange Commission (SEC), Paramount Global said the closing of the transaction is subject to the satisfaction of certain customary conditions, including receipt of applicable regulatory approvals, as well as the completion of a previously announced joint venture involving Reliance, Viacom18 and Star Disney.
News, as a business, faces its biggest crisis ever, globally. To fight it needs investment in feet-on-the-ground journalism, tech tools like artificial intelligence among other things.
The inter-meeting rate cut by the Reserve Bank of India (RBI) indicates a shift in its monetary policy stance, the finance ministry's chief economic adviser Arvind Subramanian said on Thursday.
As per official estimates, India's population currently is 1.3 billion people. Facebook pages on Thursday reflected that Modi is followed by 44 million people, while the account of Trump by 27 million. The US population is estimated to be 325 million.
Speaking at CNBC TV 18's business leadership awards event, Sitharaman made it clear that she was not expecting a jump in the number either.
Only 80.6 per cent of the Rs 6-trillion allocation has been spent by February, data from the Controller General of Accounts shows.
To a question related to RBI's policy rate, Rajan said no amount of interest rate cut is going to help if credit growth is weak.
The new government would assume charge with swearing-in of Prime Minister designate Narendra Modi and members of his Cabinet on May 26.
In the mid-quarter monetary policy review last month, RBI Governor Raghuram Rajan had left the key policy rate unchanged, after raising it 50 bps in two instalments since he took over on September 4, saying he was waiting for more data clarity.
'Think of the poorest retail investor before you decide to go for an IPO'
Walt Disney Co and Reliance Industries on Wednesday announced signing of binding pacts to merge their media operations in India to create a Rs 70,000 crore behemoth. Reliance and its affiliates will hold 63.16 per cent in the combined entity while Disney will hold the remaining 36.84 per cent, the companies said in a statement.
Analysts say that Republic TV has to hit the top spot in the shortest possible time if it has to make a dent in the ad market and break even, writes Vanita Kohli-Khandekar.
On Monday, Reserve Bank hiked the lending rates to banks by 2 per cent to 10.25 per cent.
From Network18 perspective, this helps reduce dependence on ads and helps especially in times of slower GDP growth.
The government has changed the criteria for infusion of capital.
The RBI cut rates for third time in 2015 due to favourable economic conditions.
National Spot Exchange Limited, promoted by Jignesh Shah-led Financial Technologies, is facing payment crisis of Rs 5,600 crore (Rs 56 billion).
Reserve Bank Governor Raghuram Rajan on Tuesday said the government's target of reducing the current account deficit (CAD) to $70 billion or 3.7 per cent of the GDP in 2013-14 is "imminently reachable".
Due to major policy reforms announced recently by the government, India is poised for good growth.
Rajan said the process of dialogue with the government did not reach a stage where he could have agreed to stay on
The Finance Ministry's Economic Survey had projected a growth rate of 7-7.75 per cent.
India's gross domestic product grew at a decade low of 5 per cent last fiscal.
Rediff reader Kiran Mestry, 49 from Mumbai tells us how her first salary changed her life.
