Reliance Industries may see action

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FOREIGN FUNDS NET SELL RS.463.89 CR IN EQUITIES ON NOVEMBER 20 (PROV)
MUTUAL FUNDS NET SELL RS.176.7 CR IN EQUITIES ON NOVEMBER 19
DII'S NET BUY RS.18.46 CR IN EQUITIES ON NOVEMBER 20 (PROV)
TO ENTER INTO CUSTOMIZED MOTOR CYCLE BIZ VIA PRO-BIKING SHOWROOMS
TO EXPAND PANTNAGAR CAPACITY TO 70,000 UNITS IN NEXT FEW MONTHS
AKER IS A NORWEGIAN SERVICE PROVIDER CO FOR OIL AND GAS OPERATIONS
AKER SOLUTIONS TO PROVIDE SUPPORT SERVICES IN KG BASIN
AKER BAGGED SUB SEA PRODUCTION ORDER FROM RIL IN 2006 ALSO
RELIANCE IND PLACES RS.115 CR ORDER WITH NORWAY'S AKER SOLUTIONS
PORTING CHARGES TO BECOME APPLICABLE FROM DECEMBER 31, 2009
MNP ALLOWS USERS TO CHANGE OPERATORS WHILE RETAINING MOBILE NOS
USERS TO PAY MAX OF RS.19 TO CHANGE OPERATOR WHILE RETAINING OLD NUMBER
TRAI COMES OUT WITH NUMBER PORTABILITY CHARGES
PUNJAB NATIONAL BANK PLANS TO RAISE RS 700 CR BY SELLING BONDS
TATA TELE-QUIPPO OFFERING BETTER SERVICING DEAL FOR TOWERS: SOURCES
GTL BID 10-15% HIGHER THAN TATA-QUIPPO: SOURCES
DEAL VALUED AT AROUND RS.6000 CR : SOURCES
MAY JOIN RACE FOR SHELL'S EUROPEAN REFINERIES: SOURCES
SENSEX, NIFTY UP 1% EACH FOR THE WEEK
CNX MIDCAP INDEX UP 1%, BSE SMALLCAP INDEX UP 1.6%
METAL INDEX UP 3.7%, AUTO INDEX UP 2.3%, FMCG UP 1.5%
INDEX GAINERS: SUZLON UP 9.3%, TATA STEEL UP 6.3%, SAIL UP 5.3%
APPROACHED SHELL FOR BUYOUTS BEFORE ESSAR'S EXCLUSIVE TALKS BEGUN
ESSAR-SHELL IN EXCLUSIVE NEGOTIATIONS TILL NOV 30 TO BUY 3 SHELL REFINERIES
RIL SPOKESPERSON: 'WE ARE REVIEWING A NUMBER OF GLOBAL OPPORTUNITIES'
RIL SPOKESPERSON TO NDTV: 'REVIEWS CANNOT ASSURE TRANSACTIONS'
JSW ENERGY ALSO IN RACE FOR ANDREW YULE'S DPSC STAKE: NW
CESC, SREI INFRA IN RACE FOR ANDREW YULE'S DPSC STAKE: NW
GAMMON INFRA BAGS NHAI PROJECT WORTH RS.850 CRORES
NET PROFIT AT RS.48.2 CR VS RS.12 CR; SALES UP 55% AT RS.849 CR (YOY)

Updated: 08/10/2009 | 12:00 AM IST

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Thursday, October 08, 2009 (New Delhi)

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Reliance Industries (RIL) plans issuing a bonus share for every share held. The board of India's largest private sector firm by market capitalisation and oil refiner also recommended a dividend of Rs 13 per share. Reliance last issued a 1:1 bonus in October 1997.

RIL also released restated results for the year ended March 2009 to reflect the absorption of its Reliance Petroleum unit with effect from 1 April 2008. Net profit for the year was Rs 15,296 crore and net turnover stood at Rs 1,51,224 crore. The numbers are not comparable with that of the previous year because of the absorption of Reliance Petroleum.

Indian government reportedly plans to sell 5% of its stake in NTPC the country's largest power company, through a follow-on public offering in January 2010.

Apollo Hospitals Enterprise has reportedly tied up finances for its Rs 1,500-crore expansion plan to add 2,000 beds to its capacity by middle of the next year.

Power Grid Corporation of India is reportedly in talks with Quippo, Indus Towers and GTL Infrastructure for leasing out space on its power transmission towers.

Jet Airways' chief executive officer Wolfgang Prock-Schauer is reported to have resigned on Wednesday, 7 October 2009, and will leave at the end of October 2009. Nikos Kardassis, who now heads Jet's North American operations, will replace Prock-Schauer as acting chief operating officer (CEO) for the next six months.

The board of Advanta India approved the proposal to raise Rs 750 crore through various instruments. In addition, the board has also given its nod to increase the borrowing powers of the company to Rs 2,000 crore from the existing limits of Rs 500 crore.

The board of Brushman India will meet on 20 October 2009 to consider raising funds through global depository receipts, foreign currency convertible bonds, preferential allotment, rights issue, or issue of warrants to promoters.

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