News: Reliance Industries Ltd (RELI.BO)
3 May 2016
Mon, Apr 25 2016
April 25 India's benchmark BSE index fell for a second consecutive session on Monday as worries about increased capex hit heavyweight Reliance Industries, while Cairn India was hit after posting a quarterly loss.
MUMBAI Reliance Industries Ltd, India's biggest oil refiner, said it is looking to buy more crude from Iran as the company seeks to rebuild ties to benefit from shorter shipping distances.
* Q4 net profit 73.98 bln rupees vs estimated 69.48 bln rupees
MUMBAI, April 22 Indian oil to telecoms conglomerate Reliance Industries Ltd posted a 15.9 percent rise in its fourth-quarter earnings on Friday, beating analysts' estimates and boosted by stronger margins in its core oil refining business.
MUMBAI A joint venture led by India's Reliance Industries and BG Group has agreed to hand drilling infrastructure from an abandoned gas field to ONGC Ltd, their junior partner, helping the state-run group develop a large gas reserve nearby, two company sources said.
NEW DELHI India's Iran oil imports topped 500,000 barrels per day (bpd) in March, highest in at least five years, as private refiner Reliance Industries resumed purchases after a multi-year lay-off, preliminary tanker data obtained by Reuters shows.
MUMBAI Reliance Retail Ltd, the retail business of India's energy conglomerate Reliance Industries Ltd, said on Saturday it planned a quick roll-out of its newly launched fashion and lifestyle e-commerce business.
NEW DELHI Reliance Industries Ltd , owner of the world's biggest refining complex, is preparing to buy oil from Iran next month after a gap of about five years, said an industry source with knowledge of talks between the two.
NEW DELHI, Feb 18 India's Reliance Industries Ltd, owner of the world's biggest refining complex, is preparing to lift oil from Iran next month after a gap of about five years, said an industry source with knowledge of talks between the two.
MUMBAI Reliance Industries expects to maintain high margins for its main oil refining business after strong demand pushed it to a seven-year high and helped it post a better-than-expected 39 percent profit rise in the December quarter.