Page 6 - Ril
RIL-bp sets $11 per mmBtu as opening price for gas auction from KG-D6 block
Reliance Industries Ltd and its partner bp of the UK have offered for auction 6 million standard cubic metres per day of more gas from their KG-D6 block as the partners bring the deepest field in the block to production. The two partners will on May 19 e-auction 6 mmscmd of gas, whose supplies will start from June 1, according to a tender document. Bidders have been asked to quote a variable 'v' over and above the JKM price, the spot market benchmark for liquefied natural gas (LNG) delivered to Japan and South Korea. The starting bid price is V = USD -0.06 (minus 0.06) per mmBtu. "Each Bidder is required to enter bids that are higher than or equal to the starting bid price," the tender document said, adding the maximum value of 'v' that would be accepted will be USD 0.75 per mmBtu. The JKM price is around USD 11.5 per million British thermal units at present. And the start price of the auction translates into a gas price of USD 11.44 per mmBtu and at the ceiling, it would result in
 "RIL-bp sets $11 per mmBtu as opening price for gas auction from KG-D6 block")
InGovern recommends shareholders vote 'for' RIL-Jio Financial spinoff
One big benefit will be unlocking of treasury shares of RIL, says proxy advisory firm
 "InGovern recommends shareholders vote 'for' RIL-Jio Financial spinoff")
Reliance Industries withdraws proposal to merge subsidiary RNEL with itself
RNEL will undertake the conglomerate's new energy/renewable energy business
 "Reliance Industries withdraws proposal to merge subsidiary RNEL with itself")
Top Headlines: RIL logs highest ever profit, Pichai's pay soars and more
Business Standard brings you top headlines at this hour
 "Top Headlines: RIL logs highest ever profit, Pichai's pay soars and more")
RIL net profit rises 19% to Rs 19,299 crore in Q4 to highest ever
Lower raw material costs and decline in tax expenses boost earnings
 "RIL net profit rises 19% to Rs 19,299 crore in Q4 to highest ever")
Stocks to Watch: SBI, ICICI Lombard, ONGC, Reliance, Oil India, Zydus Life
Stocks to Watch: ICICI Lombard General Insurance reported a 39.6 per cent surge in net profit in the January-March quarter (Q4) of FY23
 "Stocks to Watch: SBI, ICICI Lombard, ONGC, Reliance, Oil India, Zydus Life")
Stocks to Watch: Infosys, HDFC Bank, Zee Ent, Tata Motors, VA Tech Wabag
Stocks to Watch: Infosys delivered a weak performance in Q4 as its profit declined 6.9 per cent on a sequential basis, while revenue dropped 2.3 per cent QoQ
 "Stocks to Watch: Infosys, HDFC Bank, Zee Ent, Tata Motors, VA Tech Wabag")
RIL readies $2.4-3 bn Infra Investment Trust for retail warehousing assets
Reliance Industries Ltd has already begun setting the framework for the potential infrastructure investment trust (InvIT) of its warehouse assets
 "RIL readies $2.4-3 bn Infra Investment Trust for retail warehousing assets")
Stocks to Watch: Dmart, Tata Steel, HeroMoto, Nykaa, Equitas SFB, Godrej CP
Stocks to Watch: Hero MotoCorp is now looking to cut flab and move towards a leaner organisation. It has launched a voluntary retirement scheme for its staff to make the organisation agile
 "Stocks to Watch: Dmart, Tata Steel, HeroMoto, Nykaa, Equitas SFB, Godrej CP")
Stocks to Watch: Bajaj Finance, RIL, ONGC, HDFC Bank, IndusInd, HCL Tech
Stocks to Watch: ONGC, Oil India, Reliance will be in focus as the Centre has slashed windfall tax on domestically produced crude oil to nil from Rs 3,500 a tonne, effective from April 4
 "Stocks to Watch: Bajaj Finance, RIL, ONGC, HDFC Bank, IndusInd, HCL Tech")
Reliance, Tatas, nine others get Rs 14,000-crore solar PLI approval
In India, no company manufactures polysilicon, which is raw material in solar equipment manufacturing
 "Reliance, Tatas, nine others get Rs 14,000-crore solar PLI approval")
Stocks to watch: RIL, Tata Power, Hero MotoCorp, Shakti Pumps, BDL, RVNL
Stocks to watch today: From Reliance Industries to Hero MotoCorp, here are stocks to watch in Friday's trading session
 "Stocks to watch: RIL, Tata Power, Hero MotoCorp, Shakti Pumps, BDL, RVNL")
Indices snap two-day losing streak on gains in RIL, Maruti
The broader NSE Nifty50 advanced 40.65 points or 0.24 per cent to end at 16,985.70 points
RIL names V Srikanth as new CFO; Alok Agarwal as Senior Advisor to Chairman
V Srikanth (joint CFO since 2011) has been sharing a part of the responsibilities of the CFO position with Alok Agarwal for the last few years
 "RIL names V Srikanth as new CFO; Alok Agarwal as Senior Advisor to Chairman")
Top headlines: Reliance begins price war, ONDC forays into mobility segment
Business Standrd brings you the latest headlines at this hour
Stocks to Watch: Indian Oil, NTPC, HDFC AMC, Uno Minda, Sterling and Wilson
Stocks to Watch: RIL/ONGC/Oil India may be in focus as the windfall tax on crude petroleum has been reduced to Rs 3,500/tonne from Rs 4,400/tonne
 "Stocks to Watch: Indian Oil, NTPC, HDFC AMC, Uno Minda, Sterling and Wilson")
Biyani withdraws resignation from post of exec chairman, director of FRL
The letter was received by the by resolution professional through e-mail on Tuesday
 "Biyani withdraws resignation from post of exec chairman, director of FRL")
This Chris Wood owned stock hit a 52-week low. What's worrying the Street?
In the last few sessions, the stock of Mukesh Ambani-controlled Reliance Industries (RIL), hit its 52-week low level of Rs 2269.75, and has been one of the worst performers among the Sensex pack
Stocks to Watch: Wipro, Reliance, Ajanta Pharma, Infosys, IRB Infra, REC
Stocks to Watch: RIL arm Reliance Polyester has completed acquisition of polyester business of Shubhalakshmi Polyesters & Shubhlaxmi Polytex
 "Stocks to Watch: Wipro, Reliance, Ajanta Pharma, Infosys, IRB Infra, REC")
Stocks to Watch: Power Grid, HDFC, Mahanagar Gas, Naukri, IEX, Zydus Life
Stocks to Watch: Mahanagar Gas has entered into a pact to acquire Unison Enviro, a subsidiary of Ashoka Buildcon, for Rs 531 crore