Reliance
RIL doubles Q4 net profit to Rs 13,227 cr
Reliance Industries Lts (RIL) on Friday reported a 108 per cent growth in its consolidated net profit for the January-March quarter at Rs 13,227 crore. During the same quarter of FY20, the company had reported a net profit of Rs 6,348 crore. The company, in a regulatory filing, said that Rs 13,227 crore is the net profit attributable to the owners of the company.
Reliance, bp start 2nd new deepwater gas field in KG D6 block
Accordingly, RIL and bp have been developing three deep-water gas developments in block KG D6 - 'R Cluster, Satellite Cluster and MJ' - which together are expected to produce around 30 mmscmd (1 billion cubic feet a day) of natural gas by 2023, meeting up to 15 per cent of India's gas demand.
RIL provides 700 tonnes oxygen to 3 states and UT daily
The 700 tonnes of oxygen is being ferried daily for the past two days to Gujarat, Maharashtra, Madhya Pradesh and Union Territory of Daman & Diu and Dadra & Nagar Haveli free of cost in special tankers, as per their specific needs. It is sufficient to provide relief to at least 70,000 critically ill Covid-19 patients daily in these states and UTs.
No violation of SEBI Takeover Regulations: RIL promoter group
The RIL promoter group has also said that an appeal will be referred to the Securities Appellate Tribunal and it remains confident of vindicating its position, as per an RIL filing.As per a regulatory filing, RIL had issued debentures with convertible warrants in the year 1994 and allotted equity shares against the warrants in the year 2000.
99.99% RIL shareholders vote for scheme of O2C demerger
NCLT vide its order dated February 11 had directed Reliance Industries Limited as the Transferor Company to hold a meeting of its equity shareholders to consider and, if thought fit, to approve, with or without modification, the proposed scheme of arrangement between the Transferor Company and its shareholders and creditors and Reliance O2C Limited as the transferee company and its shareholders and creditors.
In Contention: Reliance Retail extends deadline for Future deal
In financial parlance, the RRVL extended the 'long stop date' for the acquisition till September 30, 2021. Besides, the development showed Reliance Retail's confidence in clinching the deal amid the legal tussle going on with Amazon.
RIL target price at Rs 2,500: JM Financial
JM Financial said in a report that Jio's subscriber momentum could be bottoming out, given its aggressive strategy to acquire significant quantities of the capacity spectrum to regain subscriber momentum via its new Jio Phone offers and the impending launch of the low-cost smartphones.
Reliance infra & YES Bank announce sale transaction of Reliance Centre to YES Bank
Reliance infrastructure limited has reduced its exposure by 50 per cent in the last 90 days. Rinfra has closed three major transactions in the last 90 days namely the sale of road assets -- Delhi Agra Toll Road, Transmission Asset-Parbati Koldam Transmission Company limited and sale of Reliance Centre, Santacruz.
RIL acquires majority stake in US-based skyTran Inc
skyTran is a technology company incorporated under the laws of Delaware in the US in 2011. It has developed breakthrough passive magnetic levitation and propulsion technology for implementing personal transportation systems aimed at solving the problem of traffic congestion globally.
Amazon moves SC against Future-Reliance Retail deal
On February 8, the Delhi High Court had stayed the implementation of status quo ordered by a single-judge bench on the Rs 24,713-crore deal between Future Retail Ltd and Reliance. The e-commerce company has challenged the stay on the implementation of the "status quo" on the deal.
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