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RIL to demerge power, finance, telecom Investors to get shares of separated units
RELIANCE Industries Ltd (RIL) has decided to demerge its holdings in Reliance Capital, Reliance Energy and Reliance Infocomm into separate entities for facilitating their transfer into the Anil Ambani-led ADA Enterprises fold. This was ...
The equity structure post-demerger
After the demerger of Reliance Industries Ltd, the equity structure of the ADA companies will be as follows: Reliance Capital Services Reliance Capital Ventures Ltd, which will result from the reorganisation of RIL's shareholding, ...
Life Sciences is RIL's next big idea
RELIANCE Industries Ltd (RIL) will be investing Rs 42,600 crore over the next four years in its petroleum refining and E&P (exploration & production) activities. Just as the company has set 2009-10 as a threshold year to emerge into a global
Drug cos face daunting task of destroying damaged stocks
THE damp watermark on the wall, indicating the level of flooding, is the common chord of woe connecting drug manufacturers who have their warehouses at Bhiwandi on Mumbai's outskirts. Drug companies have not only lost medicines worth about Rs ...
Sensex ends flat after topping 7,800
STOCK markets rewrote records yet again on Wednesday, with the Sensex breaching the 7,800-level. At its highest point, minutes after the opening bell, the Sensex had gained 88 points to touch its intra-day high of 7,843.77. Though it managed ...
Broadband set to take the gigabit leap with new tech
IF you thought that 256 kilobits per second was the highest Internet speed that you could get, then wait till the latest in broadband technology, Gigabit-capable Passive Optical Network (GPON), hits the market. The new technology, being jointly ...
Insurers apprehend bigger dent from Mumbai claims Defaults in Fac Re arrangements seen
INUNDATED with large claims, domestic non-life insurers are faced with the prospect of meeting the settlement liabilities directly from their own balance sheets. Sources said that this was because some of the insurers have entered into ...
Mumbai sees corporates' human face
WHILE the rains in Mumbai have created havoc with the Government estimating losses at nearly Rs 15,000 crore, corporate houses in Mumbai are reluctant to reveal their losses. Instead they believe in focussing on their CSR (corporate social ...
Bay `low' beats forecast
THE cyclonic circulation over North Bay of Bengal churned several scales overnight to settle down as a well marked `low', pre-empting the most generous forecast that gave more than 48 hours for it to go through with the motion. Originally ...
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