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Marginal rise in RIIL Q3 net
The Mukesh Ambani Group firm Reliance Industrial Infrastructure (RIIL) today said its net profit rose by 3.52 per cent to Rs 5.87 crore for the third quarter ended December 31, over the same period previous financial year.

Behind the wheel
I currently drive an August 2005 Mahindra Scorpio CRDE SLX. I love driving and am also very passionate about it. I am looking at replacing my Scorpio and I am very confused. Ideally, I would like to buy an SUV, but my budget is about Rs 15 lakh and I don’t want to buy a Scorpio again or a Tata Safari. I’d prefer a diesel as I drive 60 km daily to office and back, make a trip of 600 km every two months and one trip of 2,000 km a year. Usually, we are only three (my wife and I and our 12-year old son) in the car.

News of the day

Web Exclusive: Yields in bond market expected to remain at current levels
Despite reasonably comfortable liquidity conditions, the long term bond yields have inched up significantly during the last few months. The yield on the benchmark 10-year bond surged by almost 100 basis points between April 17, 2009 and and September 10, 2009. The huge Government borrowing programme for the current fiscal to fund the mounting fiscal deficit has largely been responsible for the spike in the G-sec yields. The net market borrowing of the Central Government through issue of dated securities in FY10 is estimated to be Rs 3,97,957 crore, of which the Government has raised Rs 2,43,911 crore so far (up to September 4, 2009; including Rs 28,000 crore of MSS de-sequestering).
Small Business

LIC hikes stake in RIL to 6.94%

The country"s most valued firm Reliance Industries (RIL) today said the public sector insurer Life Insurance Corporation of India (LIC) has hiked its stake in the company to 6.94 per cent over the past two years through open market transactions. - Book sellers find Mysore a good mkt - T N Ninan: Public-private disjuncture">T N Ninan: Public-private disjuncture - Hind Copper to invest Rs 3.5k cr to up prod to 11 MTPA - RIL revises Lyondell offer to $13.5 bn - BofA likely to pay bonuses close to 2007 level - Future Group pulls the plug on "Bijli Ghar" The state-owned insurer LIC has hiked stake in the Mukesh Ambani-led company to 6.94 per cent from 5 per cent for Rs 6,182 crore, RIL said in a disclosure to the Bombay Stock Exchange (BSE). The transactions were done between May 27, 2008 and January 4, 2010. LIC now holds 22.69 crore shares of RIL representing 7.33 per cent voting rights in the company. RIL shares today closed at Rs 1,101.95, down by 0.29 per cent from its previous close on the BSE.


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