MUMBAI: The merger between Reliance Industries and Reliance Petroleum will give the benefit of combined operating profitability to the merged entity, while tax benefits through depreciation would be minimal as the two units will maintain independent accounts. …

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MUMBAI: A leading brokerage house today asked Reliance Industries to increase its disclosure level while pointing out that it was not providing key information like gross debt and cash position and capex breakdown for the past few …

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The country’s top-10 firms lost over Rs 21,000 crore from their market capitalisation in February, with Reliance Industries (RIL) alone accounting for close to half of the value erosion from the elite club.The valuation of Mukesh Ambani-led RIL dipped below Rs 2,00,000 crore mark af…

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NEW DELHI: Moving closer to merging its refinery subsidiary Reliance Petroleum with itself, Reliance Industries energy major Chevron Corp’s stake in RPL. RIL will buy 22.50 crore equity shares or five per cent of RPL’s equity from Chevron. This will raise its stake in the comp…

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MUMBAI: Should one take a long-term bet on Reliance Industries shares or punt on Reliance Petroleum shares for arbitrage opportunities that may be available till the record date is announced? That is the question that Dalal Street players were asking each other after the two companies inf…

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Emkay Global Financial Services has maintained its sell rating on Titan Industries with the target price of Rs 671 in its February 20, 2009 research report. “Indian gold jewellery volume in Q4CY08 (December 2008 quarter) grew by 106.7% yoy to 102 tons. …

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Sharekhan has advised to book out of Ranbaxy Laboratories in its February 26, 2009 research report. “After the issuance of the warning letter by the US Food and Drug Administration (USFDA) and the imposition of the import alert in September 2008, we had downgraded our estimates for …

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Karvy Stock Broking has upgraded GlaxoSmithKline Pharmaceuticals as a market performer with price target of Rs 1215 in its February 27, 2009 research report “Revenues for the quarter were up by 8.1% to Rs 3749 million. The company’s prority products and vaccines grew by 10% …

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An estimated 157,806 non-regular employees in Japan, mainly temporary workers in the manufacturing sector, will lose their jobs between October 2008 and March 2009 amid the recession, a labour ministry survey showed on Friday. …

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The Indian economy has slowed down in no small measure. The third-quarter gross domestic product (GDP) grew at 5.3% compared to 8.9% during the same quarter last year while the GDP growth for the previous quarter stood at 7.6%. The Indian economy has registered its slowest growth since Ma…

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