Tag Archives: Industries

Mandhana Industries Surges 62% in 3 Days. Salman Khan Connection Helps

Mandhana Industries shares surged as much as 20 per cent to its maximum intraday limit of Rs. 41.55 on Thursday, extending its rally to third straight day. Including today’s gains the stocks has surged 62 per cent in last three trading sessions. The gains in the shares of Mandhana Industries follow a block deal on Tuesday and listing of the ... Read More »

Reliance Industries Partners Consider Joining Arbitration In $1.55 Billion Gas Row

New Delhi: Reliance Industries’ partners are considering joining the arbitration that the Mukesh Ambani-run firm is planning to initiate against the government for slapping a $1.55 billion demand for “unfairly enriching” by producing natural gas belonging to Oil and Natural Gas Corporation (ONGC). Calgary-based Niko Resources Ltd, which holds a 10 per cent interest in Reliance Industries-operated KG-DWN-98/3 or KG-D6 ... Read More »

Penalty Of $1.55 Billion On Reliance Industries Exaggerated: Brokerages

New Delhi: A penalty of $1.55 billion slapped by the government on Reliance Industries for producing Oil and Natural Gas Corporation’s natural gas is “grossly exaggerated”, brokerage firms said on Monday. Citi Research said it had expected that Reliance Industries’ liability should be limited to the net cumulative EBIT earned by it from the disputed volumes, which it had estimated ... Read More »

Minda Industries Buys Lighting Business of Spain’s Rinder Group

New Delhi: Auto components manufacturer Minda Industries has acquired Spain-based Rinder Group’s global automotive lighting business for 20 million euros (over Rs 145 crore). The acquisition includes 100 per cent equity holding in Rinder India, Spain-based Light Systems and Technical Center, along with 50 per cent stake in Rinder Riducu, Colombia. “This acquisition will give us immense advantage technology wise ... Read More »