RIL's diversification into financial service may excite investors 28th March, 2011  My recommended Prajay Engineers Ltd is shooting up....Look at Atlanta Ltd....Hope you have started to take positions in real Estate Counters.

Reliance Industries will reportedly set up a joint venture (JV) with the D.E. Shaw Group to build a financial services company. No financial terms were available. The JV aims to offer an array of financial services to the Indian market. Marico has sold its refined sunflower oil brand, Sweekar, for an undisclosed amount to food and agricultural products company Cargill India. Cargill already sells sunflower oil locally under the NatureFresh and Gemini brands. EIH, which runs the Oberoi chain of hotels, has reportedly raised Rs 1178 crore through a rights issue of shares. State Bank of India will reportedly launch its Rs 20000 crore rights equity issue after the first quarter of the fiscal year beginning in April 2011. The issue will raise half the amount needed to sustain the bank's growth over the next five years. Shriram City Union Finance's board has decided raise up to Rs 750 crore by offering non-convertible debentures in one or more tranches. Ceat has started making radial tyres for commercial vehicles at its Halol plant in Gujarat from 25 March 2011.