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Thursday, April 28, 2005

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Reliance Ind Q4 net climbs 62 pc — Scrip falls as Ambani dispute 'worsens'
RELIANCE Industries Ltd on Wednesday reported a 62-per cent increase in net profit for the fourth quarter ended March 2005, on the back of higher oil refining and petrochemicals margins. Net profit climbed to Rs 2,292 crore, or Rs 16.4 a share, ... More

`It's Reliance XI vs Anil'
THINGS have not improved much since Mr Anil Ambani met the media last, ahead of a RIL board meeting on December 27. Today, four months later, when he met the waiting media brigade, there was a sense of déjà vu. Unlike last time when Mr Anil ... More

Govt clears natural gas production at K-G field
RELIANCE Industries Ltd on Wednesday said it has received government approval for its plan to begin natural gas production at its Krishna-Godavari basin field. "A development plan for producing 40 million standard cubic metres per day of gas ... More

Temasek proposal to pick up Idea stake awaits CCEA nod
NOTWITHSTANDING objections raised by the Department of Telecom (DoT), the Foreign Investment Promotion Board (FIPB) has referred a Temasek Consortium proposal to pick up 47.6 per cent stake in Idea Cellular for approval from the Cabinet Committee ... More

SC clears Shopper's Stop IPO
THE Supreme Court has permitted Shopper's Stop Ltd to go ahead with its Rs 150-crore initial public offer (IPO) of 69,46,033 equity shares scheduled to open from Wednesday. Acting on a public interest petition from North East Investors ... More

FMCG stocks shine; RIL, tech stocks weaken
STOCK market sentiments remained weak for the second day in succession. S&P CNX Nifty and BSE Sensex closed on a weak note. The Nifty closed lower by 1.1 per cent or 21.7 points at 1935.4. The Sensex ended the day at 6278.5, down 61.48 points .. More

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