Reliance Industries Ltd News
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Shares of Niko Resources Ltd. soared the most in 17 years after announcing a gas discovery off the east coast of India.
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Canadian stocks rose, erasing earlier losses of as much as 0.3 percent to clinch a fifth week of gains, as a surge in Valeant Pharmaceuticals International Inc. offset a slump in oil and gold producers.
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Billionaire Chairman Anil Ambani’s Reliance Communications Ltd. reported fourth-quarter profit that beat analysts’ estimates as revenue from use of its network increased.
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The largest-ever expansion of Middle Eastern oil-refining is poised to curb the region’s imports of gasoline, reducing dependence on shipments from India and Singapore and sapping margins for European and Asian processors.
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Mukesh Ambani, chairman of India’s Reliance Industries Ltd., is in talks to buy New York-based talent agency IMG Worldwide Inc., the Indian Express newspaper reported today, citing an unidentified Reliance official.
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Emerging stocks advanced, sending the benchmark gauge to a seven-week high, as Malaysian equities rallied after the ruling coalition won elections to extend its 55-year rule and higher oil fueled gains in energy shares.
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Oil & Natural Gas Corp. sold $800 million of debt in its first dollar bond sale since 1986 as India’s largest energy explorer starts its biggest push to boost the nation’s energy security.
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Chevron Corp., the world’s third- biggest energy company by market value, reported first-quarter profit that exceeded analysts’ estimates after boosting natural gas output amid rising prices for the fuel.
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Borrowers in Asia have stepped up the use of rebates to get wealthy individual investors to buy their dollar-denominated bonds, underscoring weakness in the market as returns dwindle to an 18-month low.
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Bharti Airtel Ltd., India’s largest mobile-phone operator, agreed to provide billionaire Mukesh Ambani’s competing broadband venture data capacity on its submarine cable connecting India and Singapore.
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