Reliance Communication To Start DTH Service From August 15

Technology war, which was associated with the CDMA and GSM-based operators, is Reliance Communication To Start DTH Service From August 15  now set to shake up the direct-to-home (DTH) entertainment industry.

Cable and DTH viewers are set to get a wider choice, with Anil Ambani Group firm Reliance Communications expected to start nationwide commercial operations of its DTH service from August 15.

'Big Digital TV DTH', a subsidiary of Rcom, is aiming to capture a substantial share of the DTH market that is projected to cross 25-million user base in the next three years.      

Sell Reliance Petro

Stock market analysts have maintained ‘Sell’ rating on Reliance Petroleum Sell Reliance Petro Limited (RPL) stock to achieve a target between Rs 155-157 today.

The investors are advised to sell the stock in order to avoid loss, as there are full chances of a downward trend in this stock.

If the stock fell below Rs 160, it may see more weakness.

According to analysts, investors can sell the stock below Rs 163.4 with a strict stop loss of Rs 166.3.

After selling the stock in today’s session, the interested investors can enter the stock again, but only on declines.

Reliance Money, NMCE To Setup A Spot Exchange For Agri Commodities

Reliance Money, the financial distribution company of Anil Dhirubhai Ambani Group, will tie-up with the National Multi Commodity Exchange (NMCE) to set up a spot exchange for agricultural produce.  

The newly formed institution will be called National Agriculture Produce Marketing Company of India (National APMC).  

The spot exchange will provide an electronic trading platform, which will allow producers to get the best price for their commodity at a given point of time, since buyers from all across the country will be able to buy commodities through the exchange.  

Anil Ambani rejects Newcastle talks

London, Aug.

Reliance Communications Intraday Buy Call

Karvy Stock Broking Limited has maintained ‘Buy’ rating on Reliance Reliance Communications (RCom)Communications (RCom) stock with an intraday target of Rs 520.

According to Karvy, day traders can purchase the stock between Rs 495-497 with a strict stop loss of Rs 485. The stock pricing becomes more attractive, and reach above Rs 523, if the stock market remains positive.

Global Vectra Helicorp inks two-year ATF contract with RIL, ONGC

Mumbai-based Global Vectra Helicorp, Country’s largest private sector offshore helicopter company, has entered into a two-year aviation turbine fuel (ATF) contract with Reliance Industries and ONGC to hedge its jet fuel purchases.

The Reserve Bank of India (RBI) had allowed the Indian aviation industry to hedge their ATF price risks as early as May 2007, when crude prices were trading at nearly $70 per barrel.

In the last eight months, crude prices have risen by over 70% to around $135 per barrel.

Of the global population of around 25,000 helicopters, around 200 helicopters are operating in India, of which 150 are in the non-scheduled segment.