GCETMBA.com - Business News Update


Mukesh Ambani to release 'Wildscapes'
Top Industrialist Mukesh Ambani would release 'Wildscapes', a coffee table book on environment and wildlife protection, here on July 29.
Mukesh Ambani back with a bang
Reliance Industries owned RIL-Infotel, which is the pan-India winner of broadband wireless access (BWA) spectrum, has started trials of WiMax service as per industry sources.
UN names Mukesh Ambani in MDG advocacy group
Reliance Industries remain on top of the list when it comes to being socially responsible or active. This time again they have hit it right with the United Nations naming Reliance Industries Chief Mukesh Ambani to a key advocacy group on Millennium Development Goals.
Reliance Industries contributes to highest rise in gas production worldwide
Reliance Industries Ltd (RIL) is close to finalising its third shale gas acquisition in the US. In what is being talked India recorded the highest rise in natural gas output worldwide in 2009 after Reliance Industries' eastern offshore KG-D6 field came into production, Economist Christof Ruhl said.
CLP Young Power Students Exhibit Creative Means to Reduce Carbon Footprint
At an energetic and power packed project competition - CLP Young Power Programme 2010 (CLP YPP) held at Bharuch today, 40 students from seven secondary schools in Gujarat demonstrated novel ways to engage the public in achieving a low carbon lifestyle.
Mukesh Ambani's RIL eying third US shale gas deal in North America
Reliance Industries Ltd (RIL) is close to finalising its third shale gas acquisition in the US. In what is being talked about as the company's biggest shale gas deal so far, industry sources said RIL is in active talks to acquire a 50 per cent stake in a shale gas asset in North America. The acquisition is likely to be the biggest so far by IL, sources said.
Mukesh Ambani's RIL to foray in fuel retail, major expansion on cards
Reliance Industries (RIL) intends to increase the competition in the fuel retailing space by opening around 5,000 outlets.
Mukesh Ambani's RIL - A Fortune 500 Company
Eight Indian companies, including oil major Indian Oil Corporation (IOC) and Mukesh Ambani-led Reliance Industries (RIL), have made it to the list of the world's 500 largest companies compiled by Fortune.
The annual exhibition "SEVTEK-2010"
The annual exhibition "SEVTEK-2010" (Northern power complex) will pass in Murmansk, Russia (30 September - 2 October 2010).
Mashelkar to lead Mukesh Ambani's PE venture
Raghunath A Mashelkar, a leading scientist and for many years chief of the Council of Scientific and Industrial Research (CSIR), is getting ready to wear a new hat - that of a private equity fund manager.
'Quantum leap in solar/PV power installations in India; Investment proposals for 10x current capacity in the next 3 years
Industry experts discuss business potential of setting solar power plants in India at SEMI panel discussion and SOLARCON India 2010 curtain raiser
Mercom Capital Group Reports Second Quarter 2010 Funding and Merger and Acquisition Activity for Solar Energy, Smart Grid and Wind Energy Sectors
Mercom Capital Group, llc, a clean energy communications and consulting firm, today released M&A and funding activity for solar, smart grid and wind sectors for the second quarter of 2010.
Platts Launches Mumbai Bunker Fuel Assessments
Will provide local buyers clearer idea of the value of the products they seek Bunker fuel sales are bound to rise, and with it, the need for a strong domestic pricing benchmark
RIL and D.E.Shaw to close deal
The Mukesh Dhirubhai Ambani Group is close to signing an equal joint venture agreement with global private equity and hedge fund company DE Shaw to enter the financial services sector, the Economic Times reported today.
2K Crore for Reliance Retail Expansion
Reliance Retail, a subsidiary of Reliance Industries, plans to invest Rs 2,000 crore to add 3 million sqft retail spaces in 2010-11, a top company official said on Monday, 28th June.
Reliance Industries strikes oil at Cambay again
Reliance Industries Limited (RIL) has announced discovery of another oil well in Cambay basin. This discovery, named 'Dhirubhai-50', the seventh oil discovery in the block so far, has been notified to the Government of India and to the Director General, Directorate General of Hydrocarbons.
RIL's Jyotindra Thacker to lead Reliance Industries' Telecom Venture
Mr. Thacker played a major role in rolling out operations of Reliance Infocomm which built a nationwide fibre optic leading to cheaper tariffs. A person who had worked in Reliance Infocomm said Mukesh Ambani's trusted lieutenant Manoj Modi and Jyotindra Thacker were in charge of negotiations with suppliers like Nortel and Qualcomm.
Project Sales Corp brings in Kong Gloves to India
Project Sales Corp, one of India'a leading oilfield consumables distributor brings in stocks of Kong Gloves to India
Mukesh Ambani's RIL plans a shale JV
Mukesh Ambani, chairman of Reliance Industries Limited, India's most valuable private sector corporate, confirmed that the long term association with various US based companies to tap the Shale gas sector will be beneficial for the growth of RIL.
Reliance Group might bid for Lyondell again, think Execs of the Dutch firm
Reliance Industries Limited, one of the India's biggest groups keeps expanding itself globally as well as in the domestic Indian market. Reliance Industries Limited proposed a takeover of LyondellBasell, the third largest independent petrochemical company based in Netherlands last year.
Global Investment In Plants and Equipment for the Hydrogen Economy to be Worth $5.4 Billion in 2015
The global investment in plants and equipment for the hydrogen economy is estimated to be worth $2.2 billion in 2010, but is expected to increase to $5.4 billion in 2015, for a 5-year compound annual growth rate (CAGR) of 19.3%.
SEMI India announces 'SOLARCON India 2010' to be held in July
SEMI India, the Indian arm of SEMI (Semiconductor Equipment Materials International) and PV Group, a leading industry association serving the photovoltaic supply chain, will be conducting SOLARCON India 2010 at the Hyderabad International Convention Centre (HICC), Hyderabad between July 28 -30, 2010.
Mukesh Ambani announces Reliance Industries' diversification plans at 36th Annual General Meet
Addressing an annual meeting of shareholders, Mukesh Ambani, the world's fourth-richest man, said Reliance Industries will continue to invest in the development of shale gas in North America as part of its strategy to become a significant player in the business.
Mukesh Ambani sets eyes on Fortis
After its high-voltage entry into wireless broadband and the expected debut into power generation, the biggest surprise to come from Reliance Industries (RIL) could be its foray into healthcare.
Reliance Industries eying 26% stake in Pipavav Shipyard
Mukesh Ambani-owned Reliance Industries (RIL) may pick up a 26% stake in Pipavav Shipyard (PSL), India's largest integrated shipyard with an exposure to offshore structures for oil & gas structures.
Reliance to bid for mega power plant
Reliance Industries, India's biggest company by market value, plans to build at least one power plant in the country marking the oil company's entry into commercial electricity generation, two company officials said.
RIL makes sixth oil discovery in block CB-ONN-2003/1
Reliance Industries Limited (RIL) announced its sixth oil discovery in exploratory block CB-ONN-2003/1 (CB 10 A&B), awarded under the NELP-V round of exploration bidding.
RIL aims to Usher in Broadband Revolution in India
Reliance Industries Limited (RIL) today announced that it has entered into an agreement to acquire a substantial stake in Infotel Broadband Services (P) Ltd.
Reliance Jewels opens first store in Coastal K'taka
Reliance Jewels, the jewellery specialty store from Reliance Retail, today launched its first store here today.
Reliance Jewels Shines in City Centre Mall, Mangalore
Reliance Jewels, the jewellery store from Reliance Retail announced the launch of its first store in Mangalore at City Centre Mall on Tuesday. This is the third store in Karnataka and 23rd store in the country.