Indian Stock Markets With Joygopal Podder

The stock markets are the heart of the corporate world. The stock markets are where companies and business reputations are made and unmade. This site is a guide for information, news and views. There is no expertise here - simply status reports and links to specialised sites where further information is available. The stock markets help me update my knowledge of corporate India. Keeping track of businesses is the main purpose of this site. This site is not a guide for investment decisions.

Thursday, November 29, 2007

Chevron Eyes Sale Of RPL Stake...

Chevron Corp. is looking at all options for its stake in Reliance Petroleum Ltd.(RPL), a company spokeswoman said on November 27. According to a report in the Business Standard, Chevron may look at selling its 5% stake to Reliance Industries Ltd. Chevron, which has an option to raise its stake to 29%, may not do so after RPL’s share price more than tripled this year, the un-sourced report said. “Chevron continues to evaluate our options with our ownership in Reliance Petroleum,” spokeswoman Nicole Hodgson said in an e-mailed reply. “We will provide specific project updates when definitive decisions are made.”

The scrip rose almost 12% today...