RIL

  • RIL consolidated net sales for 2014 2nd quarter of Rs 1.13 lakh-crore October 13, 2014

    Mumbai: Reliance Industries on Monday reported a marginal 1.7 per cent rise in its second quarter net profit to Rs 5,972 crore. It had posted Rs 5,873 crore profit in the April- September quarter of last fiscal, 2013-14. RIL's turnover fell 4.3 per cent to Rs 1,13,396 crore as international oil prices...
  • RIL to complete Rs 20,000 crore investment in Madhya Pradesh by March 2016 October 9, 2014

    Indore: Reliance Industries Chairman Mukesh Ambani on Thursday said that his group will complete Rs 20,000 crore investment programme in Madhya Pradesh by March 2016. "We are in the midst of a major investment programme in MP which ends in the next 18 months. We are investing cumulatively Rs 20,000 crore......
  • Reliance to launch the muchawaited 4G broadband services in 2015 June 18, 2014

    Mumbai: Reliance Industries today said it will invest Rs 1.8 lakh crore across businesses in the next three years and launch the muchawaited 4G broadband services in 2015 as it looks to breakinto top 50 companies of the world. RIL Chairman Mukesh Ambani, the world's richest energy billionaire, unveiled his vision...
  • CM inaugurates Mumbai Metro; Ambani, Mahajan among early riders June 8, 2014

    Mumbai: Metro services were thrown open to Mumbaikars with Chief Minister Prithivraj Chavan inaugurating the muchawaited project at Versova on Sunday morning. Deputy CM Ajit Pawar too was present at the historic moment. Reliance Industries head Anil Ambani, wife Tina Ambani and BJP leaders Poonam Mahajan and Kirit Somaiya were...
  • Raghav Bahl quits Network 18 May 30, 2014

    New Delhi: Network18 Founder and Managing Director Raghav Bahl has quit the media group after agreeing to sell controlling stake to Mukesh Ambaniled Reliance Industries Ltd (RIL). A day after the deal was announced, Bahl in a letter to employees of the group said he and his wife Ritu are exiting...
  • Gas pricing: Delhi HC asks Centre, RIL to cooperate with ACB in probe May 20, 2014

    New Delhi: The Delhi High Court on Tuesday asked the Centre and Reliance Industries Ltd to cooperate in the probe conducted by Delhi Government's Anti Corruption Bureau in an FIR lodged against the company, Mukesh Ambani and a former union oil minister, alleging collusion among them in increasing gas prices. Justice...
  • ONGC moves Delhi HC against RIL over alleged gas theft May 15, 2014

    New Delhi: Stateowned oil and gas major Oil and Natural Gas Corporation (ONGC) has moved the Delhi High Court against Mukesh Ambani's Reliance Industries. The ONGC has accused the RIL of exploiting substantial gas from its natural gas block. The two companies have been involved in a faceoff for the last...
  • New gas rates to be applicable from April 1: RIL to buyers May 14, 2014

    New Delhi: Forced to sell gas at rates that have long expired, Reliance Industries has categorically told buyers of its KGD6 gas that new rates as and when approved, will apply from April 1. In a terse onepage letter to urea manufacturing plants, RIL said it was supplying about 12.5 million...
  • RIL slaps arbitration notice on government over delay in effecting new gas prices May 10, 2014

    New Delhi: Reliance Industries and partners BP plc of UK and Canada's Niko Resources have slapped an arbitration notice on the government over the delay in implementing the revision of natural gas prices. RIL and its partners were to get a new rate from April 1 for gas from...
  • SC recalls order in Reliance Industries KG Basin gas production case April 2, 2014

    New Delhi: The Supreme Court on Wednesday recalled its order appointing former Australian judge James Jacob Spigelman as a presiding arbitrator in disputes between Reliance Industries and the centre over the shortfall in gas production in the KG basin. The apex court bench of Justice SS Nijjar recalled its order appointing...
  • EC asks Oil Ministry to defer doubling of gas price March 24, 2014

    New Delhi: The Election Commission on Monday asked the government to defer till elections the controversial doubling of natural gas prices for companies like RIL from next month, a move that may torpedo the entire decision for at least a few months. "...after taking into account all relevant facts, including the...
  • SC likely to review Centre's decision allowing Reliance to hike gas prices March 4, 2014

    New Delhi: The Supreme Court is likely to review Centre's decision to allow Reliance Industries to charge new gas price from April. The Apex court will be hearing the petitions filed against the government decision to allow Reliance Industries to hike natural gas prices. The litigants, former Cabinet Secretary TSR Subramanium...
  • RIL dismisses allegations levelled by AAP February 25, 2014

    New Delhi: The Reliance Industries on Tuesday dismissed allegations levelled against the company and its owner Mukesh Ambani by the Aam Aadmi Party. Reacting to the charges made by AAP convenor Arvind Kejriwal, RIL issued a statement, where it said that neither the company nor Ambani had any illegitimate accounts anywhere...
  • India @ 9 with Rajdeep Sardesai February 25, 2014

    Catch the day's top stories with Rajdeep Sardesai on India @ 9. ...
  • A Billion Votes: 11 party-Third Front challenges BJP, Congress February 25, 2014

    Announcing a non-Congress and non-BJP alliance, the Third Front wooed the electorate by making it clear that it would provide a secular, democratic and pro-development government after Lok Sabha elections. An amalgamation of 11 political parties, the Third Front on Tuesday claimed that India was not a two-party nation and...
  • Veerappa Moily writes to PM, justifies RIL's high gas rates February 24, 2014

    New Delhi: Oil Minister Veerappa Moily has justified the high gas rates that Reliance Industries Limited is charging the government for CNG. Moily wrote to the Prime Minister saying that gas fields will not be available if the prices are lowered. Moily's response came hours after the Aam Aadmi Party wrote...
  • Delhi BJP passes resolution against over Rs 300 crore subsidy to BSES February 16, 2014

    New Delhi: After a series of attacks by the Aam Aadmi Party, the Bharatiya Janata Party unit in Delhi hit back on Sunday by moving a resolution against the Rs 323 crore subsidy provided to BSES by the Arvind Kejriwal government. BJP claims that Rs 323 crore was actually allotted for...
  • Centre's nod on gas issue allowed future windfall to RIL, alleges ACB February 14, 2014

    New Delhi: The approval by Centre to Reliance Industries Ltd (RIL) allowing expenditure of 8.8 billion dollar to increase production of gas from KG basin paved the way for "future windfall" revenue of Rs 1.2 lakh crore($ 20 billion) to the Mukesh Ambaniled firm, the AntiCorruption Branch (ACB) alleged in...
  • The Last Word: Is Kejriwal's charge in gas pricing wrong? February 12, 2014

    The AntiCorruption Bureau of Delhi government has registered an FIR on Chief Minister Arvind Kejriwal's complaint on gas pricing. No individual has been named in the FIR even as Kejriwal's complaint mentions Reliance Industries Limited Chairman Mukesh Ambani and Union Minister Murli Deora and Verappa Moily. The FIR has been...
  • AAP slams Modi, wants him to declare money spent on rallies February 12, 2014

    New Delhi: The Aam Aadmi Party (AAP) on Wednesday slammed BJP's prime ministerial candidate Narendra Modi, asking him to come clean on the money spent on his rallies. "Every rally of Narendra Modi costs around Rs 5055 crore. So much money is spent on hoardings, stage, travel and paying up...
  • RIL threatens to sue AAP government over gas pricing allegations February 12, 2014

    New Delhi: Reliance Industries Limited has threatened to take the Aam Aadmi Party government to court over its allegations on gas pricing. This came after Delhi Chief Minister Arvind Kejriwal ordered an FIR against RIL Chairperson Mukesh Ambani as well as Union Ministers Veerappa Moily and Murli Deora. "The complaint and...
  • India @ 9 with Rajdeep Sardesai February 11, 2014

    Catch the day's top stories with Rajdeep Sardesai on India @ 9. ...
  • Kejriwal targets Reliance: Where does truth lie in gas pricing? February 11, 2014

    Delhi Chief Minister Arvind Kejriwal on Tuesday opened up a new front as he attacked the UPA government and Reliance Industries, accusing them of conspiring to raise gas prices. Kejriwal has also asked for an FIR against Reliance Industries Limited Chairperson Mukesh Ambani, Union Ministers Veerappa Moily and Murli Deora....
  • Government gave huge benefits to Reliance, says Gurudas Dasgupta February 11, 2014

    CPI leader Gurudas Dasgupta on Tuesday welcomed Arvind Kejriwal government's move to file criminal cases against Reliance Industries and Union minister Veerappa Moily, among others, on gas pricing issue. ...
  • Kejriwal does not understand the system: Veerappa Moily February 11, 2014

    Hours after Delhi Chief Minister Arvind Kejriwal targeted Reliance Industries and government officials, Petroleum Minister Veerappa Moily has said that Kejriwal doesn't understand the system. "We should sympathise with his ignorance. He doesn't know how government runs. Norms are followed. There is a system in fixing prices," Moily said. ...
  • Aston Martin case: Now complainant says no young man was driving the car December 26, 2013

    Mumbai: The complainant in the Aston Martin case on Thursday said that she never claimed to have a seen a young man behind the wheels of the car. The woman, who was driving the Audi that was hit by Aston Martin, added that her car was replaced by her insurance...
  • Aston Martin case: No compensation from RIL, says complainant December 26, 2013

    Mumbai: The accident case in Mumbai involving a Aston Martin car belonging to Reliance Industries Limited (RIL) witnessed a new turn on Thursday after the complainant claimed that she had got no money from the company after a 55yearold company employee crashed the car into her Audi A4. The complainant Foram...
  • Aston Martin case: Complainant identifies RIL employee as driver December 26, 2013

    The complainant in the accident in Mumbai involving an Aston Martin has identified the driver as 55yearold Bansilal Joshi, an RIL employee, in her statement recorded before the magistrate. The complainant Foram Ruparel, who had been changing her statements earlier, has now said that it was Joshi behind the wheel...
  • IOC tops Fortune India 500 list, RIL second December 10, 2013

    New Delhi: Staterun Indian Oil Corporation Ltd has emerged as the country's biggest company in terms of annual revenue, followed by Mukesh Ambaniled private sector giant Reliance Industries at the second place, as per an annual list of Fortune 500 companies in India. Th 2013 list of the country's 500 largest...