News of Devbhoomi Dwarka (Khambhalia) in Gujarat

Experts Say, “#GujaratExodus may hit the new investments …”

AHMEDABAD | VADODARA | SURAT | RAJKOT – #GujaratExodus, process of workers from Bihar and Uttar Pradesh travelling back to their home, may trigger a situation, which may hit the new investments, especially when the Vibrant Gujarat 2019, Global Investors Summit is around, industry experts from across the state fear the phenomena. Industries which may

Anil Ambani led RCom announces strategic transformation for India & Emerging Markets

MUMBAI | RAJKOT – In a press-release submitted to the Indian Bourses, Reliance Communications Limited (RCOM) and its subsidiary, Global Cloud Xchange (GCX), today shared updates on the company’s strategic transformation plan and its commitment to the growth and enhancement of its fixed-line communications, data center, subsea cables and enterprise services globally. “As the company moves

Media Reports of, Major fire incident at RIL’s Hazira Complex, but no casualty

SURAT (HAZIRA) | RAJKOT – Major fire incident has been reported at Hazira unit of Reliance Industries Ltd on Tuesday night, several Surat based media reports cite the said fire incident which took place on Tuesday night at the site, following a huge blast with a sound at cracker unit installed in the facility, created

Vijaya Bank and Dena Bank amalgamate with Bank of Baroda

VADODARA (BARODA) | MUMBAI | RAJKOT – In a regulatory filing submitted by Dena Bank, Vijaya Bank and Bank of Baroda, to the Stock Exchanges in India on Tuesday, all three banks have said of having amalgamated vide the directive from Ministry of Finance, Government of India. The Bank has received a communication from Ministry

RIL subsidiary shells 92 crore rupees to buy stake in fashion & lifestyle brands

MUMBAI | RAJKOT – Reliance Industries Ltd’s subsidiary companies Reliance Brands Ltd and Reliance Retail Ventures Ltd  have now acquired a combined stake of 65.77% in Genesis Colors Ltd, the company (RIL) said in regulatory filing submitted to the Exchanges in India, on Monday. Reliance Retail Venture Ltd, subsidiary arm of Reliance Industries Ltd paid

RBI certifies Reliance Cap as Core Investment Company

MUMBAI | RAJKOT – Reliance Capital Ltd said in regulatory filing submitted to the Exchanges in India on Friday of the company having received Reserve Bank of India Certification as Core Investment Company. The Company has received Certificate of Registration from the Reserve Bank of India as a Core Investment Company- Non-Deposit Taking Systemically Important

Reliance Infra’s Credit Profile improves, CRISIL withdraws ‘D’ ratings for 710 cr NCDs

MUMBAI | RAJKOT – Anil Dhirubhai Ambani Group led Reliance Infrastructure Ltd’s credit profile is reported to have improving, as the rating agency CRISIL has withdrawn ‘D’ ratings assigned to the company’s 7.1 billion rupee Non-Convertible Debentures, the company press release submitted to the exchanges in India said. Crisil has withdrawn its ‘D’ ratings for

RComm transfers 1,78,000 kms optical fibre network to RJIO

MUMBAI | RAJKOT – Reliance Communications Limited (RCOM) today announced the completion of the sale of its Fibre assets and related infrastructure assets, worth Rs 3,000 crore, to Reliance Jio Infocomm Ltd (RJIO), the company said vide press release submitted to the Indian Bourses. With successful completion of the Fibre monetization transaction, 1,78,000 Kms fibre stand transferred to

One of the Fluid Catalytic Cracking (FCC) unit at RIL’s Jamnagar Refinery shut

JAMNAGAR | MUMBAI | RAJKOT – One of the Fluid Catalytic Cracking Units (FCCU) at Reliance Industries Ltd’s Jamnagar Refining complex has shutdown for a shortwhile, the company said in regulatory filing submitted to the Indian Bourses on Wednesday. Reliance Industries Limited (RIL) has taken short shutdown of one of the Fluid Catalytic Cracking Units (FCCU)

RIL’s stake in Genesis Colors now at 46.39%

MUMBAI | RAJKOT – In a regulatory filing submitted to the exchanges late night on Tuesday, Reliance Industries Ltd said of having acquired additional 12.56% equity in Genesis Colors Ltd via its brands subsidiary Reliance Brands Ltd paying 527.7 million (~52.77 crore) rupees, further stake in Genesis at 46.39% from 33.83% as announced just 3

RIL’s stake buying exercise in Genesis Colors’ in full-swing

MUMBAI | RAJKOT – In a regulatory filing submitted to the exchanges by Reliance Industries Ltd, the company said of its  subsidiary brands arm Reliance Brands Ltd having acquired additional 22.18% stake in Genesis Colors Ltd for 931.6 million (~93.16 crore) rupees, further raising the stake from 11.65% to 33.83%. This is to inform that

Apex Courts nods asset sale for ADAG’s RComm, the company to proceed with 250 billion rupee asset monetization plan

MUMBAI | RAJKOT – In a regulatory filing submitted to the Exchanges in India on Monday, Reliance Communications Ltd (ADAG owned Telecom Entity) said of having got nod from the Apex Court of the nation for asset sales. Supreme Court of India has passed an order dated August 3, 2018, removing all uncertainties, and given a

RIL subsidiary Reliance Brands pays 341.7 million rupees, to buy additional 8.14% stake in Genesis Colors

MUMBAI | RAJKOT – Reliance Industries Ltd, in a regulatory filing said of having brought additional 8.14% stake in readymade garments, bags, footwear and accessories manufacturing company paying 341.7 million rupees. Reliance Brands Limited, a subsidiary of the Company, has purchased an additional 8.14% equity stake in Genesis Colors Ltd (GCL) for about 341.7 million

BREAKING NEWS | IN IMAGES & VIDEOS | Unprecedented rains water-log RELIANCE JAMNAGAR REFINERY

MOTI KHAVDI | KANALUS | JAMNAGAR | JAM-KHAMBHALIA | AHMEDABAD | RAJKOT – In a severely hit rains across Gujarat in last 48 hours, especially on the coastal belt of Gujarat State on West Coast of India, the Shower Gods did not even spare the JAMNAGAR Asset of Reliance Industries Ltd. DATELINE GUJARAT presents images

IN IMAGES | Heavy Rains forecast in GUJARAT, SARKAR boards IAF Chopper, reaches GIR SOMNATH

GANDHINAGAR | AHMEDABAD | RAJKOT – DAY -1 : MONDAY | JULY 16, 2018 – Satellite image issued by Indian Meteorology Department (IMD) warms severe rainfall across Gujarat. Following IMD Warnings, Gujarat Government has engaged into a complete preparedness to address any situation arising out of heavy rainfalls, especially in low lying areas and coastal