Reliance Industries

  • SC recalls order in Reliance Industries KG Basin gas production case 02-04-2014 12:26 PM

    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...
  • Reliance Industries counters the Aam Aadmi Party via YouTube 21-03-2014 11:55 AM

    Reliance Industries Limited has countered Aam Aadmi Party's allegations through a video message on YouTube saying there is no way in which a state government can help the company by doing undue favours. In the video, an official of RIL issues a point by point clarification on the questions raised...
  • Centre may ask all refineries to produce fixed level of LPG 06-03-2014 04:51 PM

    New Delhi: Government is likely to order oil refineries, including private sector Reliance Industries and Essar Oil, to maintain a minimum level of LPG production to ensure uninterrupted supply of cooking gas to the public. While India is surplus in petroleum products, production of LPG in the country is lower...
  • AAP's fund raising drive in Gujarat receives poor response 04-03-2014 08:16 PM

    If funds donated are any indicator of popularity, then the Aam Aadmi Party's (AAP) fund-raising drive before Lok Sabha elections has received a poor response in Gujarat. Compared to funds collected from other states, the Gujarat unit of the AAP ranked eighth and when average donations are taken into account...
  • FIR filed on Kejriwal's gas pricing allegations, no individual named 12-02-2014 03:53 PM

    New Delhi: The Anti-Corruption 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...
  • RIL threatens to sue AAP government over gas pricing allegations 12-02-2014 07:49 AM

    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...
  • Is Kejriwal raising gas price issue to push his LS poll agenda? 11-02-2014 11:36 PM

    New Delhi: Delhi Chief Minister Arvind Kejriwal on Tuesday opened up a new front as he attacked the UPA government and Reliance Industries Limited, accusing them of conspiring to raise gas prices. Kejriwal also asked for an FIR against Reliance Industries Limited Chairperson Mukesh Ambani, Union ministers Veerappa Moily and...
  • Kejriwal does not understand the system: Veerappa Moily 11-02-2014 03:19 PM

    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. ...
  • Is Arvind Kejriwal targeting Reliance only for political gains? 11-02-2014 12:34 PM

    Delhi Chief Minister Arvind Kejriwal has taken on Reliance Industries Limited Chairman Mukesh Ambani and has even ordered an FIR against him. Kejriwal has said that he has received a complaint of RIL making windfall gains from the KG Basin deal. ...
  • Sensex falls 37 points in the third day of losses; IT stocks shine 03-01-2014 09:30 AM

    Mumbai: After dropping 157 points in early trade amid weak global cues, the Sensex on Friday recouped some losses in the latter half on the back of continued strength in IT stocks to end the day with a 37-point fall. Selling in bluechips led by auto sector on reports of...
  • I have not done any favour to Reliance Industries, clarifies Moily to SC 22-11-2013 08:55 PM

    Petroleum Minister M Veerappa Moily has told the Supreme Court that he has not done any favour to Reliance Industries Ltd and allegations levelled against him by CPI MP Gurudas Dasgupta are baseless and politically motivated. "The allegation that the present Minister was inducted to do Reliance s bidding is...
  • Mukesh Ambani tops the Forbes India rich list yet again 29-10-2013 08:52 AM

    New Delhi: Reliance Industries Limited Chairman Mukesh Ambani has retained the top spot in the Forbes India this year as well with a wealth of $21 billion. The Forbes India rich list shows modest gains for India's richest due to a stumbling economy. Steel magnate Lakshmi Mittal also retains his...
  • Radia Tapes: CBI registers 8 fresh preliminary enquiries 23-10-2013 07:33 PM

    CBI on Wednesday registered eight more preliminary enquiries (PEs) in connection with issues related to intercepted phone calls of lobbyist Niira Radia against former Jharkhand Chief Minister Madhu Koda, Reliance Industries Limited (RIL) and others in separate cases. A PE looking into alleged irregularities in the allotment of iron ore...
  • TCS market value crosses Rs 4 trillion; stock at all-time high 07-10-2013 06:31 PM

    Mumbai: Tata group's IT firm TCS on Monday attained a market valuation of Rs 4 lakh crore after a gap of over a month led by a smart rally in its stock price. At present, TCS is the only company with a market value of over Rs 4 lakh crore....
  • SC issues notice to Centre, CBI, RIL on gas controversy 30-09-2013 05:09 PM

    New Delhi: The Supreme Court on Monday issued notice to Centre, Reliance Industries Ltd (RIL) and others on a PIL seeking cancellation of contract for exploration of oil and gas concerning the KG block and to impose penalty for failure in adhering to commitments. A bench headed by Chief Justice...
  • RIL, BP make new gas discovery off east coast 23-08-2013 01:34 PM

    Mumbai: Energy conglomerate Reliance Industries and British oil company BP Plc on Friday announced a new gas condensate discovery off the east coast of India in the Cauvery basin. The discovery is situated 62 kilometres from the coast in the Cauvery basin and is the second gas discovery in the...
  • Will resign if charges of shifting official proved right: Moily 13-08-2013 06:38 PM

    Strongly refuting charges of transferring an officer for being tough on Reliance Industries, Oil Minister M Veerappa Moily on Tuesday said he will resign if even an iota of evidence was produced against him. Moily said Giridhar Aramane, Joint Secretary in his ministry, has not been transferred as is being...
  • British regulator fines Indian-origin brokers, 2 others for RIL GDR manipulation 08-08-2013 07:03 PM

    London: British regulator FCA on Thursday fined an India-origin broker and two others in a case of financial market manipulation here by an Indian businessman in securities of Reliance Industries Ltd (RIL). While a 6 million pound (Rs 56 crore) fine has already been imposed on the Indian businessman, Rameshkumar...
  • SC issues notice to RIL and Centre on gas pricing 29-07-2013 01:21 PM

    New Delhi: The Supreme Court on Monday issued notices to the Centre and the Reliance Industries on a public interest litigation seeking review of the recent government decision to hike from 2014 the gas prices from $4.2 to $8.4 million British thermal unit (mmBtu). The apex court bench headed by...
  • Reliance Industries net profit jumps 19 per cent to Rs 5,352 cr 19-07-2013 06:38 PM

    Mumbai: Reliance Industries on Friday reported a 19 per cent jump in its April-June quarter net profit at Rs 5,352 crore on back of higher refining margins. Net profit in the first quarter of 2013-14 at Rs 5,352 crore was 18.9 per cent higher than profit of Rs 4,503 crore...
  • Ambani bets on 4G broadband in India, but risks abound 24-06-2013 09:55 AM

    Mumbai: Indian tycoon Mukesh Ambani hopes his multi-billion dollar bet on cheap high-speed wireless broadband could change the way nearly a billion of his countrymen use mobile devices from the way they do banking to watching cricket. In a country where most people own a mobile phone yet lack basic...
  • RIL overtakes ONGC to become second most valued company 19-06-2013 03:24 AM

    Mumbai: Reliance Industries on Tuesday toppled state-run oil major ONGC to become the country's second most valued firm after TCS. Shares of ONGC on Tuesday fell by 1.47 per cent, bringing its market valuation down to Rs 2,63,466 crore, which was lower than RIL's m-cap of Rs 2,66,548 crore at...
  • Ambani brothers strike Rs 12,000-cr telecom tower deal 07-06-2013 01:00 PM

    Mumbai: Billionaire Ambani brothers on Friday announced a Rs 12,000-crore deal, wherein Mukesh will use towers owned by a firm run by his younger sibling Anil for launch of his telecom venture. Reliance Industries Ltd's telecom arm will lease up to 45,000 mobile masts from Reliance Communications Ltd in a...
  • 4G services soon, have finalised vendors: Mukesh Ambani 06-06-2013 06:04 PM

    Speaking at RIL's AGM, Mukesh Ambani said the company has finalised partners for its 4G services. ...
  • Full Text: Mukesh Ambani's speech at RIL 39th AGM 06-06-2013 02:39 PM

    Reliance Industries has announced that it will invest over Rs 1.5 lakh crore in various ventures in the next three years. At the annual general body meeting, RIL Chairman Mukesh Ambani hinted that the company will focus the bulk of its capital expenditure in its core energy business. Below is...
  • RIL to invest Rs 1.5 lakh cr in various ventures in 3 years 06-06-2013 12:11 PM

    New Delhi: Reliance Industries has announced that it will invest over Rs 1.5 lakh crore in various ventures in the next three years. At the annual general body meeting, RIL Chairman Mukesh Ambani hinted that the company will focus the bulk of its capital expenditure in its core energy business....
  • Moily refutes charges of favouring RIL on gas price 25-05-2013 05:56 AM

    New Delhi: Petroleum Minister M Veerappa Moily on Friday refuted allegations of government favouring Reliance Industries (RIL) as "malicious" and said the proposed revision in natural gas price would apply to all companies. The allegations of favouring RIL were made in Delhi at a press conference on Thursday by CPI...