business

Reliance Communications price will fall relative to the country index

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Morgan Stanley in a Research Note said that the Price of Reliance Communications will fall within the next 30 days. Excerpts as follows, The stock has traded up recently, making short term valuation much less compelling. RCOM is up 50% in absolute terms from its lows in the last month, outperforming the market by 11%. … Read more Reliance Communications price will fall relative to the country index

Tata Power to approach SC against Reliance Power Sasan UMPP case

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Tata Power Company has decided to approach the Supreme Court after the Delhi High Court earlier today dismissed its plea contesting the Empowered Group of Ministers’ (EGoM) decision to allow the Anil Dhirubhai Ambani Group-led Reliance Power to use surplus coal from its captive mines of Sasan ultra mega power project (UMPP) for other projects. … Read more Tata Power to approach SC against Reliance Power Sasan UMPP case

Surana Industries – Open Offer

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SAL Services Pvt Ltd (“Manager to the Offer”) on behalf of Mr. G. R. Surana, Mr. Shantilal Surana, Mr. Vijayraj Surana, Mr. Dineshchand Surana, Mrs. Chandanbala Surana, Mrs. Saraladevi Surana, Mrs. Alka Surana and Mrs. Vasantha Surana (“Acquirers”), has issued this Public Announcement (“PA”) to the shareholders of Surana Industries Ltd (“Target Company”) pursuant to … Read more Surana Industries – Open Offer

Reliance Industrial Infrastructure Stock Speculation – RIL Speaks Out

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Reliance Industries (RIL), the private sector exploration and production (E&P) major belonging to the Mukesh Ambani Group, on Sunday stated that its subsidiary Reliance Industrial Infrastructure (RIIL) would continue to remain independent as of now. RIL clarified that RIIL would not be merged with itself of any other entity, and rubbished rumours that were heard … Read more Reliance Industrial Infrastructure Stock Speculation – RIL Speaks Out