Reliance profit doubles but disappoints

[jennifer]

The petrochemicals and refinery giant, valued at $117 billion, said it sold 4.62 percent of its Reliance Petroleum subsidiary in the December quarter, more than the 4.01 percent previously announced, earning it $1.2 billion.

MUMBAI Quarterly profit at Reliance Industries, India's biggest listed company, more than doubled to $2.1 billion but the contribution of one-off gains disappointed investors who sold its stock down more than 3 percent...Read... (http://news.yahoo.com/s/nm/20080117/india_nm/india314439;_ylt=A0WTUZbEhpFHHhQB9hverGIF)

[jennifer]

Reliance Power IPO makes new records, subscribed 73 times

India's biggest IPO offer by Reliance Power, a part of the Anil Dhirubhai Ambani Group (ADAG), was subscribed 72.58 times as at 6 p.m. on Friday according to the statistics released by National Stock Exchange. The IPO has generated a new record demand with collections of over Rs. 7, 50,000 crore. The previous highest demand was for the Mundra Port SEZ issue at Rs 2, 03,708 crore...Read... (http://www.topnews.in/reliance-power-ipo-makes-new-records-subscribed-73-times-215111)