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An Indian summer for BP’s board
May 15, 2013 at 04:47 | Source: The Hindu BusinessLine
New Delhi, May 14: Tech major Lenovo has done it, and so has BT. Now, BP is bringing its board over to India for its first meeting to be held here this week. Besides taking stock of its India investments, the board is planning an on-site visit to th...
BP board to hold meet in India this week
May 15, 2013 at 04:47 | Source: Economic Times
NEW DELHI: BP plc will hold its maiden board meeting in India this week as the Europe's second-biggest oil firm along with its partner Reliance Industries makes a case for market determined prices for natural gas. Members of BP board including Chair...
An Indian summer for BP?s board
May 15, 2013 at 04:47 | Source: The Hindu BusinessLine
New Delhi, May 14: Tech major Lenovo has done it, and so has BT. Now, BP is bringing its board over to India for its first meeting to be held here this week. Besides taking stock of its India investments, the board is planning an on-site visit to th...
dna special: RIL stalled CAG audit of KG Basin for a year
May 14, 2013 at 08:42 | Source: DNA India
For over a year, Reliance Industries Limited managed to stall a CAG audit of the KG basin gas block because any increase in capital expenditure in these blocks would have a significant adverse impact on the government s financial interests . More th...
Sensex plunges 450 points as dollar firms up; ITC leads FMCG slide
May 14, 2013 at 05:47 | Source: DomainB
Key equity benchmarks plunged 2 percent Monday, the biggest single day fall in more than a year, with brokers attributing the crash to profit taking after the recent run up. Signs of a recovery in the US economy also made investors jittery as they f...
GAIL Q2 profit slips 10 pc on rise in LPG subsidy outgo
May 14, 2013 at 03:42 | Source: Financial Express
GAIL India Ltd, the nation's biggest gas firm, today reported a 10 per cent drop in its second-quarter net profit after a steep rise in its LPG subsidy outgo. Net profit dropped to Rs 985.38 crore in July-September compared to Rs 1,094.41 crore a ye...
Sensex plunges 450 as dollar firms up; ITC leads FMCG slide
May 13, 2013 at 19:22 | Source: DomainB
Key equity benchmarks plunged 2 percent Monday, the biggest single day fall in more than a year, with brokers attributing the crash to profit taking after the recent run up. Signs of a recovery in the US economy also made investors jittery as they f...
Sensex at over 14 months low, plunges 431 points on profit-booking
May 13, 2013 at 17:31 | Source: Economic Times
MUMBAI: The BSE benchmark Sensex today declined the most in more than 14 months by losing 431 points on across-the-board selling mainly in FMCG, capital goods, metal and auto stocks amid a surge in April trade deficit. The Sensex fell 430.65 points, ...
Oil Ministry for abolishing gas priority
May 13, 2013 at 14:11 | Source: Economic Times
NEW DELHI: The Oil Ministry has proposed to abolish the priority ranking in natural gas allocation so that the scarce resource currently consumed by urea plants can also be diverted to fuel-starved power plants. The Ministry has moved a note for an ...
RILs defence dream no childs play; co inks pact with Boeing
May 13, 2013 at 11:24 | Source: FirstPost
Post the AugustaWestland kickback scandal, winds of change are blowing in Indias defence sector.There have been reports of Indian private sector companies getting more prominence in the governments defence procurement. And who else but Reliance Indus...
Shareholders approve Rs 39 cr salary, Mukesh Ambani takes only Rs 15 cr
May 13, 2013 at 09:49 | Source: FirstPost
New Delhi: Reliance Industries' billionaire chief Mukesh Ambani has kept his annual salary capped at Rs 15 crore for the fifth year in a row, while foregoing nearly Rs 24 crore from the remuneration approved for him by shareholders.Ambani has kept hi...
May 13, 2013 at 09:20 | Source: DNA India
The new fiscal could very well see the resurgence of Reliance Industries (RIL). Analysts say the upstream business has started looking up for the company due to the government s positive stance and the company will be the biggest beneficiary of a hi...
Mukesh Ambani foregoes Rs 24-cr from RIL salary
May 13, 2013 at 00:12 | Source: Zee Business
New Delhi: Reliance Industries' billionaire chief Mukesh Ambani has kept his annual salary capped at Rs 15 crore for the fifth year in a row, while foregoing nearly Rs 24 crore from the remuneration approved for him by shareholders. Ambani has kept ...
Reliance Industries rejigs investment portfolio; exits four banks
May 12, 2013 at 20:00 | Source: NDTV Profit
In a major revamp of its investment portfolio, Reliance Industries Ltd has sold off its holdings in four banks, HDFC Bank, Axis Bank, Canara Bank and PNB, but has tanked up its holdings in two others -- SBI and ICICI Bank. Besides, Mukesh Ambani-led ...
Sensex ends 40 pts up in special trading
May 12, 2013 at 15:27 | Source: Business Today
Bombay Stock Exchange (BSE) benchmark Sensex on Saturday gained 40 points in a special two-hour trading session as investors indulged in selective buying of bluechip stocks tracking gains in healthcare and metal sector shares.The 30-share index, whi...
Mukesh Ambani foregoes his salary hike from RIL
May 12, 2013 at 14:42 | Source: The Hindu BusinessLine
New Delhi, May 12: Reliance Industries’ billionaire chief Mukesh Ambani has kept his annual salary capped at Rs 15 crore for the fifth year in a row, while foregoing nearly Rs 24 crore from the remuneration approved for him by shareholders. Am...
RIL rejigs investment portfolio; exits four banks
May 12, 2013 at 14:16 | Source: Economic Times
NEW DELHI: In a major revamp of its investment portfolio, Reliance Industries Ltd has sold off its holdings in four banks, HDFC Bank, Axis Bank, Canara Bank and PNB, but has tanked up its holdings in two others -- SBI and ICICI Bank. Besides, Mukesh...
RIL's Rs 83,000 crore cash pile: A hint of impending big-bang acquisitions?
May 12, 2013 at 14:16 | Source: Economic Times
A cash pile of almost Rs 83,000 crore (that's over $15 billion) can look daunting, yet the MukeshAmbani-promoted Reliance Industries Ltd's (RIL's) stash is not a patch on the cash lying with some of the global biggies. The top five US companies toget...
Mukesh Ambani forgoes Rs 24-crore from RIL salary
May 12, 2013 at 14:00 | Source: NDTV Profit
Reliance Industries' billionaire chief Mukesh Ambani has kept his annual salary capped at Rs 15 crore for the fifth year in a row, while foregoing nearly Rs 24 crore from the remuneration approved for him by shareholders. Mr Ambani has kept h...
Will Mukesh Ambani's defence aerospace gambit pay off for RIL?
May 12, 2013 at 06:11 | Source: Economic Times
Hindustan Aeronautics Ltd (HAL), which enjoys absolute monopoly in India's military aviation, is the butt of many jokes. American defence historian and strategist Edward Luttwak refers to it as a "fossil of a company" famous for not delivering "oper...
From DJ EU Officials Spain Aid Cap Of 100 Bn Euros 'should Be Enough'
