MUMBAI (Reuters) - Shares in Reliance Industries rose as much as 6 percent in trade, after posting a better-than-expected 24 percent jump in third-quarter net profit. The shares were trading 3.8 percent higher at 10:05 a.m. The company on Friday post... [Full Article]
Reuters Market Eye - Shares in Reliance Industries gain 2.1 percent after rival Essar Oil Ltd said it swung to a net profit in the October-December quarter, with gross refining margins at a healthy $9.75 a barrel. Dealers say Essar results point to p... [Full Article]
Reuters Market Eye - Citigroup downgrades Reliance Industries to "neutral" from "buy", but raises its target price to 847 rupees from 818 rupees. The investment bank says Reliance's valuations "are not compelling enough&... [Full Article]
Reuters Market Eye - The Sensex falls 0.24 percent, while the Nifty loses 0.27 percent. Falls track flat to weaker regional shares, with the MSCI Asia-Pacific excluding Japan index flat on the day. Reliance Industries falls 0.7 percent ahead of its A... [Full Article]
Reuters Market Eye - Reliance Communications shares rise 2.3 percent after earnings out late on Saturday smashed analyst expectations. Earnings surged after a sharp fall in costs as well as on tax-related gains. However, the market keenly watching fo... [Full Article]
India's government has asked energy giant Reliance Industries to pay a $1.25 billion penalty for a fall in gas production from its main oil fields, a company executive said on Friday. (Source: AFP)... [Full Article]
A Chinese health official has vowed executed inmates will no longer be the main source of organs for transplants in three to five years, as the country sets up a donation system, state media said. (Source: AFP)... [Full Article]
(AFP/File) - The British government's over-reliance on large contractors for its information technology needs combined with a lack of in-house skills is a "recipe for rip-offs" according to a study by the Public Administration Select Co... [Full Article]
(AFP/File) - India's largest private firm Reliance Industries has said first-quarter net profit jumped nearly 17 percent to a new record as refining margins offset slowing gas output from its fields.(AFP/File/Ben Stansall)... [Full Article]
(AFP) - India on Friday cleared a $7.2-billion deal for Reliance Industries Ltd to sell a major stake in two dozen of its oil and gas blocks to Britain's BP, Petroleum Minister Jaipal Reddy said.(AFP/Ben Stansall)... [Full Article]