The Production Sharing Contract (PSC) allows RIL and its partners BP Plc of the UK and Canada's Niko Resources to deduct all capital and operating expenses from the sale of gas before sharing profit with the government.
The momentum might have slowed down but nearly 100 stocks from the S&P BSE 500 index hit fresh record highs in the month of July which most experts say could be your winning bets.
If a person would have bought 10 shares at Rs 1,082.40 apiece (Rs 10,824) on December 30, 2016, he/she would have earned Rs 5,726 at a record high.
The whole character of this market is a very large domestic allocation of equities which has provided a solid base to this market, said Rajat Rajgarhia, MD, Institutional Equities, Motilal Oswal Securities.
Reliance Industries is paying 6 per cent more price to buy coal-bed methane gas from its own block in Madhya Pradesh in the second quarter of current fiscal, the company said in an investor presentation
The 25-year-old brother-sister duo are twins and lead a large contingent of professionals at Reliance Jio
JIOPhone would be available for testing from 15-August-2017 and pre-booking of JioPhone will start from 24-August-2017.
Telecom as well as cable operators fell sharply after Jio offers. Bharti Airtel, Idea Cellular (though recovery sharply towards the close), Dish TV, Hathway Cable and GTPL Hathway were down 2-6 percent.
Just as RIL heralded the equity culture in India, it now aims to, in Reliance Industries Chairman Mukesh Ambani’s own words, “democratise the digital culture in India”
The effectively free JioPhone was the highlight of the announcements made on Friday.
The biggest surprise of all was the JioPhone's price, or rather, the lack of it.
According to Goldman Sachs, key focus points for the AGM would be segment wise capex expenditure in Q1FY18 and guidance for FY18.
Gross refining margin for the quarter grew by 3.5 percent to 9-year high of USD 11.9 a barrel against USD 11.50 a barrel on a sequential basis and a CNBC-TV18 poll estimates of USD 11 a barrel.
RIL's 40th AGM could all be about the extension of Reliance Jio's services — from mobile to connecting life inside homes.
At close of trade today, the market capitalisation (m- cap) of RIL stood at Rs 4,68,160.44 crore - Rs 3,582.79 crore more than TCS's Rs 4,64,577.65 crore valuation.
Reliance Industries has 60 percent participating interest in KG-D6 block while BP has 30 percent and Niko 10 percent.
As much as 60 percent of the earnings are either got to do with global commodity stocks or global commodity companies.
In an interview to CNBC-TV18, SP Tulsian of sptulsian.com, Deven Choksey of KRChoksey, Narendra Taneja, Oil expert, and RS Sharma, Former Chairman of ONGC gave their thoughts and reactions to Oil Minister, Dharmendra Pradhan inviting RIL's Mukesh Ambani and BP's Bob Dudley to invest in retail after they invested in KG Basin gas.
Four of the 10 most valued Indian companies witnessed a combined erosion of Rs 36,771.7 crore from their market valuation last week, with ITC and TCS taking the biggest knock.
In an interview to CNBC-TV18, Jal Irani, Oil & Gas Analyst at Edelweiss Financial Services shared his readings and outlook on Reliance Industries Q4 numbers.
Telecom operator Vodafone today complained to Trai that Reliance Jio is still "luring customers" to subscribe the 'Summer Surprise' offer despite the regulator finding it in violation of norms.
The S&P BSE Sensex came under pressure after the minutes released from Federal Reserve overnight indicated that it could change its bond investment policy this year.
Reliance Industries, Maruti Suzuki and L&T helped the Nifty close above 9,250 level but the selling pressure in HDFC, Infosys and ITC limited upside.
There is a huge opportunity for stock pickers and smart entrepreneurs for the next two years but at the same time investors should remain conservative and be choosy.