Shares in Reliance Power rose more than 8 per cent on Monday, after the company said on Sunday it would absorb sister firm Reliance Natural Resources in a share swap deal valued at $1.5 billion.
Reliance Natural Resources stock fell more than 28 per cent.
By 9:06 a.m. (0336 GMT), shares in Reliance Power were trading up [...]

Shares of Anil Ambani Group firm Reliance Communications today rose nearly two per cent in early trade on BSE, a day after it acquired country’s largest cable TV service provider Digicable in an all-stock deal.
Reliance Communications (RCom) rose 1.92 per cent to a high of Rs 196 on the Bombay Stock Exchange. The scrip [...]

Anil Ambani is legally entitled to be reinstated vice chairman of Reliance Industries Ltd (RIL) if its de-merger on the basis of the family pact fails, counsel for Reliance Natural Resources Ltd (RNRL) told the Supreme Court Wednesday.
The failure of the de-merger scheme also exposes RIL to the prospect of being wound up, said Ram [...]

Anil Ambani’s led Reliance Communications Ltd (RComm), the country’s second-largest mobile operator, inflated its 2007-08 wireless revenues by Rs 2,915 crore to shareholders to hike its valuation, while simultaneously under-reporting the figures to telecom regulator Trai, a special audit commissioned by the department of telecom has found.
As a result, RComm made an “under-payment of licence [...]

Indian markets were intense buying activity as investors took positions in bluechip companies. Sharp rise was seen in IT, oil & gas and FMCG stocks. Better than expected IIP data and positive European markets boosted sentiments.
National Stock Exchange’s Nifty was at 5048.45 up 103.25 points or 2.09 per cent. The index touched a [...]

Indian markets were choppy ahead of settlement of July series F&O expiry. Buying activity was seen in realty and banks while pharma and capital goods were marginally lower. Positive opening of European markets also provided support.
“The winning ways appeared almost contagious for bulls at the start of the week, but the key indices have decided [...]

Asserting its ownership over gas from Krishna-Godavari basin D6 gas field, the government on Saturday filed a special leave petition (SLP) in the Supreme Court to declare that the disputed gas pact between the brothers should stand null and void.
This basically means that Mukesh Ambani-led RIL doesn’t need to sell the gas to Anil Ambani [...]