Financial Express - India's leading business newspaper from the Indian Express Group

Reliance Industries first-quarter net up 20 per cent to Rs 612 cr

Reliance Industries Ltd (RIL) has reported a 20 per cent surge in net profit at Rs 612 crore for the quarter ended June 30, 2000, as against Rs 510 crore in the first quarter of the previous fiscal.

I-T dept raids top cricketers premises

Income-Tax authorities on Thursday raided 84 premises of cricketers, bookies and sports administrators in different parts of the country in connection with the match-fixing allegation.

Rupee closes at an all-time low of 44.91

The rupee dipped sharply to touch an all-time closing low of 44.90/91 on heavy dollar demand from corporates and importers on Thursday.

Foreign funds went shopping when others were selling

Foreign institutional investors appear to have played the contrarion card once again. On Wednesday when the rest of the market was gripped by panic triggered by the resignation of Shiv Sena ministers in the BJP-led government at the centre, FIIs were happily shopping select scrips at attractive prices.

Petronet floats bids for Rs 1,800cr Kochi venture

The Rs 1,800-crore, 2.5 mm tpa, Petronet LNG Kochi Terminal, a wholly-owned subsidiary of Petronet LNG, the first gas pipeline company promoted by a consortium of `navarathna' hydrocarbon PSUs, will be developed in the private sector on a Build-Own-Operate-and-Transfer basis.