Reliance Capital net profit down 55 percent

September 22nd, 2009 MUMBAI - Telecommunications provider Reliance Infratel, promoted by Reliance Communications and part of the R-ADA group, will come out with an initial public offer to the tune of 10 percent of its paid-up equity capital, group chairman Anil Ambani said here Tuesday. Addressing shareholders at Reliance Communication's annual general meeting here, Ambani said the draft red herring prospectus for the issue would be filed by group company Reliance Power with market regulator Securities and Exchange Board of India.

September 16th, 2009 NEW DELHI - Reliance Mobile, the GSM arm of telecom operator Reliance Communication (RCom), Wednesday said it would launch a new mobile number series beginning with the digit "8" in the Delhi-National Capital Region circle. Reliance will be the first telecom operator to shift from the practice of beginning a cell phone number with the digit "9".

July 31st, 2009 MUMBAI - Reliance Communications (R-Com), part of the Anil Dhirubhai Ambani Group, has posted a net profit of Rs.1,637 crore ($342 million) for the quarter ended June 30 as against Rs.1,512 crore in the like period last year, a growth of 8.3 percent. The company's total income surged 15.5 percent to Rs.6,145 crore from Rs.5,322 crore, it said in a regulatory statement.

July 29th, 2009 NEW DELHI - Reliance Power has posted a net profit of Rs.100.56 crore ($21 million) for the quarter ended June 30 as against Rs.59.7 crore reported in the like period last year. The total income has increased to Rs.144.24 crore from Rs.77.67 crore, the company said in a statement.

July 5th, 2009 MUMBAI - The Anil Dhirubhai Ambani Group's Reliance Capital has unveiled an ambitious plan for the next three-five years, including an entry into banking industry, globalisation of operations and tripling the customer base to 50 million. We have drawn up exciting growth plans for the next three to five years, Anil Ambani, chairman of Reliance Capital, informed his shareholders ahead of the company's annual general meeting here later this month.

June 29th, 2009 MUMBAI - Reliance Globalcom, part of the Anil Ambani-owned Reliance Communications, Monday said its revenues for the quarter ended March 31, 2009 increased 23 percent to Rs.1,880.3 crore ($391 million). The company had posted Rs.1,525.7 crore in revenue during the January-March quarter last year.

May 25th, 2009 MUMBAI - Three companies in the Reliance Anil Dhirubhai Ambani Group were among the five top-performing stocks of the S&P CNX Nifty of the National Stock Exchange (NSE) last week, all of them outshining the 50-share index by a wide margin. With a gain of 52.7 percent, Reliance Capital was the best performer among the Nifty stocks.

April 23rd, 2009 MUMBAI - Anil Ambani-led Reliance Power Thursday reported a net profit of Rs.2.49 billion for the year ended March 31, a rise of almost 163 percent over the previous profit of Rs.947 million. Other income for the company increased from Rs.1,33 billion in 2007-08 to Rs.3.35 million, it said in a regulatory statement.

April 23rd, 2009 MUMBAI - The Anil Ambani-led Reliance Infrastructure Thursday said its standalone net profit rose 5 percent to Rs.1,138.88 crore in 2008-09 from Rs.1,084.63 crore the year before. The power distribution company, also involved in generation, transmission and trading of electricity besides constructing power plants, saw a 51.5 percent rise in its consolidated income at Rs.12,844.67 crore last fiscal as against Rs.8,480.31 crore the previous year.

April 23rd, 2009 MUMBAI - Reliance Petroleum Ltd (RPL), the refinery arm of the Mukesh Ambani-controlled Reliance Industries Ltd (RIL), Thursday reported a net profit of Rs.84 crore ($17 million) for the quarter ended March 31 on a turnover of Rs.3,678 crore. Previous years' figures were not available as the $6.7-billion RPL started crude processing operations Dec 25, 2008.

April 23rd, 2009 Reliance Industries quarterly profit falls 9.4 pctMUMBAI, India — Indian oil, gas and petrochemicals giant Reliance Industries Ltd. said Thursday that quarterly profits fell 9.4 percent and sales fell 24.9 percent, as waning demand pushed global crude prices lower.

April 23rd, 2009 MUMBAI - Reliance Natural Resources Ltd (RNRL), part of the Reliance-Anil Dhirubhai Ambani Group (R-ADAG), Thursday reported 1.8 percent growth in its net profit for 2008-09. The company, involved in sourcing, supply and transportation of gas, coal and liquid fuels, posted a net profit of Rs.69.87 crore ($14 billion) for 2008-09, up from Rs.65.59 crore the previous fiscal.

January 22nd, 2009 NEW DELHI - Reliance Communications (R-Com), part of the Reliance-Anil Dhirubhai Ambani Group (R-ADAG), Friday reported 2.7 percent increase in net profit in the quarter ended Dec 31. The company posted Rs.14.1 billion (Rs.1,410 crore) net profit in the quarter as against Rs.13.73 billion a year earlier, an official statement said.

January 22nd, 2009 MUMBAI - Reliance Natural Resources Ltd (RNRL), part of the Reliance-Anil Dhirubhai Ambani Group, Friday reported 238 percent growth in total income at Rs.1.38 billion (Rs.138 crore/$28.3 million) for the quarter ended Dec 31 as against Rs.407 million a year ago. The company's net profit increased 2 percent to Rs.240 million for the quarter, compared to Rs.237 million in the corresponding period last year.

January 21st, 2009 NEW DELHI - Reliance Power, a part of the Anil Dhirubhai Ambani Group, Thursday reported a consolidated net profit of Rs.1.06 billion ($21.6 million) for the quarter ended Dec 31. The company's total income stood at Rs.1.31 billion.