Shares of Reliance Communications, the Anil Dhirubhai Ambani Group company, rallied nearly 10 percent intraday Wednesday after signing binding agreement with the US asset management company to sell tower business.
As per the latest shareholding pattern available on exchanges, Reliance MF has 5.75 percent stake in the company through two separate funds as of September 2015.
Hemant Thukral of Aditya Birla Money feels that Reliance Capital may go up to Rs 433-435.
More than the Fed action, one should be worried about what China will do to revive its economy, says Amar Ambani, head of research at IIFL. "China devaluing its currency further is a risk," he says
RComm owns about 96 percent stake in Infratel and the sale would fetch it around Rs 22,000 crore, which will be used to retire some debt.
Hemant Thukral of Aditya Birla Money spoke with Latha Venkatesh and Sonia Shenoy on CNBC-TV18, in which he shared his reading and outlook on Futures and Options (F&O) side of the market as well as specific stocks and sectors.
Sasan ultra mega power projects in Madhya Pradesh generated 7,922 million units, operating at availability of 90 percent, says the Anil Dhirubhai Ambani Group company in its filing, adding Rosa Power plant in UP generated 2,187 million units operating at a plant load factor of 83 percent.
Watch the interview of Aashish Tater of fortune-wizard.com with Latha Venkatesh and Sonia Shenoy on CNBC-TV18, in which he shared his reading and outlook on market and specific stocks.
Rolta has denied the report from Glaucus Research which indicated fabrication of the reported capital expenditures in order to mask their materially overstated EBITDA. But Amit Tandon, MD of Institutional Investor Advisory Services is not convinced and says just a denial of charges by the company is not good enough.
Media report suggests that the Anil Dhirubhai Ambani Group company may sell entire stake in online travel company for Rs 500 crore.
ADAG Chairman Anil Ambani informed that the 4000 MW Sasan's UMPP set up at an investment of Rs 30,000 crore will be completed soon and the group plans to invest an additional Rs 15,000 crore in the project, sources said.
Reliance Telecom, a subsidiary of Reliance Communication has been slapped an tax order to the tune of Rs 200 crore for the years 2006-2011. Reliance Telecom operates in Gujarat, Madhya Pradesh, West Bengal, Himachal Prasdes, Odisha, Bihar, Assam and the north east of India.
VK Sharma of HDFC Securities believes that the conviction is lacking for the Bank Nifty to do well. So it has to close above 11,800. Also, Infosys may see levels of Rs 3,400 onwards in next six months.
Amit Gupta, Head- Derivatives at ICICI Direct is of the view that Reliance Capital may test Rs 410-415. "One can keep a stop loss around Rs 367 and remain positive in the stock," he adds.
Central Bureau of Investigation chief Ranjit Sinha said Anil Ambani's statement as witness in the ongoing 2G case trial will help to bolster the case.
In Anil Dhirubhai Ambani Group (ADAG) pack Reliance Communications, Reliance Infrastructure and Reliance Capital are expected to fall, says Shardul Kulkarni of Angel Broking.
The Nifty is moving in a 20 point range on the upside and downside. According to Sudarshan Sukhani of s2analytics.com, sometimes the impression is that this is not working out but the correction is very much on.
Sudarshan Sukhani of s2analytics.com believes the Nifty is all set to break its 100-point trading range and move above the 5300 level.
Today all ADAG (Anil Dhirubhai Ambani Group) stocks are trading higher as Samajwadi Party (SP) is likely to clinch back power in Uttar Pradesh.
SP Tulsian, sptulsian.com says, weak trend is seen in all Anil Dhirubhai Ambani Group (ADAG) stocks — Reliance Power, Reliance Infra, Reliance Communications and Reliance Capital.
The trial in the biggest corruption case in the country got off to a noisy start in the court of Special Central Bureau of Investigation Judge OP Saini in New Delhi on Friday. As soon as the trial in the 2G spectrum allocation scam began the defence counsel objected to the trial being conducted in a cramped space.
Anil Dhirubhai Ambani Group firm Reliance Infrastructure today said it has bought back five lakh equity shares of the company from the open market.
Anil Dhirubhai Ambani Group (ADAG) company Reliance Telecom Ltd (RTL), an accused in 2G spectrum case, today refuted the allegation in a court here that Swan Telecom was its front company to get licenses for the radio waves.
Anil Dhirubhai Ambani Group (ADAG) stocks have slipped further today. Reliance Power, Reliance MediaWorks and Reliance Infrastructure recorded 52-week low.
Securities and Exchange Board of India (SEBI) has passed a consent order against Reliance Securities for alleged violation of the code of conduct, reports CNBC-TV18’s Sajeet Manghat.