Reliance Infrastructure Ltd. said that his party filed an arbitration claim of 134 billion rupees ($ 1.7 billion) in connection with an agreement to sell the Mumbai electricity distribution business to Adani Transmission Ltd. Reliance quoted violations in the provisions of the December 2017 agreement, and submitted a claim statement before the Central Arbitration Center […]
Reliance arm to buy polyester business of Shubhalakshmi Polyesters and Shubhlaxmi Polytex in slump sale
A subsidiary of Reliance Industries Ltd has carried out a definitive agreement to buy a polyester business from Shubhalashmi Polyesters Ltd (SPL) and Shubhlaxmi Polytex Ltd (SPTEX) for RS 1,522 Crore and RS 70 Crore each in the sale of Slumps with a concern base. Acquisitions with a total of 1,592 CRORE RS will be […]
Technical View | Nifty forms Bearish Belt Hold pattern, 17,992 crucial for further upside
Nifty opened a strong taking but had profit in the daytime which was trimmed and the 35 points were settled at 17,833. The index forms a bearish belt detention pattern on a daily graph. The pattern is formed when the opening price is the highest point of that day and the index decreases throughout the […]