The Securities and Exchange Board of India (Sebi) has concluded its final hearing in the matter of Reliance Industries and Reliance Petroleum merger, sources have said.

In the matter spanning for eight years the regulator would look to pass a final order in the matter under the charges of Fraudulent and Unfair Trade Practices (FUTP).

The Securities and Exchange Board of India (Sebi) has completed its investigation into the eight-year-old case of Reliance Industries’ (RIL) fraudulent and unfair trade practices (FTUP), sources said.

“The investigation has been completed. RIL counsel would be awarded a final hearing in the coming weeks before any conclusion is reached,” said a source.

Did Mukesh Ambani say something unusual at Reliance Industries’ 41st annual general meeting (AGM) last week that resulted in the sharp move of its stock price? The stock has rallied over 12 per cent in the past week, closing at Rs 996.50 on Friday.

Analysts think so. Most of them have either upgraded their recommendation or have changed their price target.

Did Mukesh Ambani say something unusual at RIL's 41st annual general meeting last week that has resulted in the sharp move of its stock price? The stock has rallied nearly 12% in the last one week and is trading at Rs 993 levels currently.

Analysts do feel so. Most of them have either upgraded their recommendation or have changed their price target.

Shares of Reliance Industries (RIL) has moved higher by 5% to Rs 974, extending its in past four day’s rally on the NSE, after the company said Jio and retail will place Reliance in a select group of most valuable companies in the world.

Currently, the stock trading at its highest level since December 2014 and rallied 11% in past one-week from Rs 877 on June 11, 2015. The CNX Nifty gained 2.3% during the same period.

First it was the textile business. Then came petrochemicals and then oil & gas. Now, retail and telecom are the trend. Reliance Industries (RIL), India's largest private sector company, has been changing its own focus to keep pace with the changing times.

“We don’t want be called a lala (traditional family-managed) company. Every five-to-six years, one has to re-discover. If we don’t, we will be lagging behind. Had RIL been a textile company even now, it would have perished like many other textile players have,” said an RIL official.

The Street is cautious about the prospects of Reliance Industries’ (RIL) telecom service launch and its ability to achieve early break-even. In addition, monetisation of the domestic exploration and production (E&P) business is a few years away. Lower oil and gas prices also suggest that the near-term prospects of overall E&P are muted. Analysts say, in the initial phase, Reliance Jio is expected to be a drag on RIL’s profits. This is due to high depreciation and interest costs accompanied by initial expenses of launch and ramp-up, all of which will be much more than the telecom business Ebitda (earnings before interest, taxes, depreciation and amortisation) generated, even if adoption is relatively quick.

MUMBAI: India's richest man Mukesh Ambani, owner of energy-to-retail conglomerate Reliance Industries (RIL), will launch fourth generation (4G) telecommunications services by December this year as he promises to offer 4G-enabled handsets for less than Rs 4,000 along with voice and data monthly plans between Rs 300 and Rs 500. The aim is to reach 10 crore consumers within the first year of launch. Reliance's 4G service will offer high-speed internet at 1/10th the cost of the current plans available in the market.

Reliance Industries will begin commercial operations of its much-awaited 4G telecom services by December, while it plans to complete projects worth over Rs 2 lakh crore in the core oil and petrochemical businesses over the next 12-18 months, Chairman Mukesh Ambani said today.

Looking to reap full benefits of these investments from the financial year 2016-17 onwards, Ambani said RIL would have a unique portfolio of globally competitive petrochemical and refining business with a new age India-centric consumer business with very high growth potential.

Reliance Jio, the wireless telephony and data services subsidiary of Reliance Industries will launch its commercial services by December this year, Chairman of RIL, Mukesh Ambani said here today at its 41st annual general meeting of shareholders. Jio will begin beta services with select consumers in the next few months before the commercial launch in december.

Ambani said FY 2016-17 will be the first full year of commercial operations for Reliance Jio and contribute to Reliance’s top line. Giving details of Jio’s services, in which RIL has already invested Rs 60,000 crore, Ambani said RIL has set up a new generation of broadband services which would cover 80% of India’s population by year-end.

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