RELIANCE INDUSTRIES

  • Reliance Jio signs $1.5 billion sydicated term loan facilities November 17, 2014

    Mumbai: Reliance Jio Infocomm Limited (RJIL) has signed syndicated term loan facilities aggregating to $1.5 billion. The facility is guaranteed by Reliance Industries Limited (RIL) and will be used to refinance the syndicated term loan facilities. The facility was fully underwritten by an initial group of 15 core relationship banks that...
  • Reliance Industries will create 1,25,000 jobs in the next 12-15 months, assures Mukesh Ambani September 25, 2014

    The India Inc on Thursday praised and backed Prime Minister Narendra Modi's vision at the launch of the ambitious 'Make in India' project. Reliance Industries also pledged 1.25 lakh jobs over the next 12-15 months. ...
  • RIL becomes 1st private company to post $1 billion quarterly profit July 19, 2014

    New Delhi: Reliance Industries on Saturday posted a 13.7 per cent jump in its first quarter net profit to almost $1 billion, the highest quarterly profit by a private firm, on the back of higher refining margins, better petrochemical earnings and surge in US shale gas business. ...
  • 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...
  • Reliance to launch its 4G network in the next few months June 18, 2014

    Mumbai: Reliance Industries Limited had its Annual General Meeting on Wednesday where Chairman Mukesh Ambani said that the next three years will be transformational for the company. Some of the big takeaways from the AGM were that Reliance will be launching its 4G broadband network in the next few months....
  • 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...
  • Marks & Spencer plans to open 100 stores in India by 2016 May 20, 2014

    Mumbai: Britain's largest clothing retailer Marks & Spencer on Tuesday said it will open a hundred stores in India by 2016 instead of 86 as planned last year. The clothing retailer, which runs 40 stores in the country, said its Indian samestoresales grew 13 percent in the fiscal year ended...
  • Mukesh Ambani's Mumbai residence most expensive billionaire home May 14, 2014

    New York: Reliance Industries Chairman Mukesh Ambani's skyscraper residence in Mumbai is the most expensive billionaire home in the world, according to a Forbes list which also includes Indianorigin steel tycoon Lakshmi Mittal's houses in London. Ambani's 27story, 400,000squarefoot skyscraper home Antilia named after a mythical island in the Atlantic, tops...
  • 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...
  • 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...
  • Reliance Industries counters the Aam Aadmi Party via YouTube March 21, 2014

    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 March 6, 2014

    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 than...
  • AAP's fund raising drive in Gujarat receives poor response March 4, 2014

    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 it...
  • FIR filed on Kejriwal's gas pricing allegations, no individual named February 12, 2014

    New Delhi: 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...
  • 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...
  • Is Kejriwal raising gas price issue to push his LS poll agenda? February 11, 2014

    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 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. ...
  • Is Arvind Kejriwal targeting Reliance only for political gains? February 11, 2014

    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 January 3, 2014

    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 37point fall. Selling in bluechips led by auto sector on reports of lower...
  • I have not done any favour to Reliance Industries, clarifies Moily to SC November 22, 2013

    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 absolutely...
  • Mukesh Ambani tops the Forbes India rich list yet again October 29, 2013

    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 October 23, 2013

    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 mines...
  • TCS market value crosses Rs 4 trillion; stock at alltime high October 7, 2013

    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. At...
  • SC issues notice to Centre, CBI, RIL on gas controversy September 30, 2013

    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 P...
  • RIL, BP make new gas discovery off east coast August 23, 2013

    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 block....
  • Will resign if charges of shifting official proved right: Moily August 13, 2013

    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 alleged...
  • British regulator fines Indianorigin brokers, 2 others for RIL GDR manipulation August 8, 2013

    London: British regulator FCA on Thursday fined an Indiaorigin 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 Goenka,...
  • SC issues notice to RIL and Centre on gas pricing July 29, 2013

    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 Chief...
  • Reliance Industries net profit jumps 19 per cent to Rs 5,352 cr July 19, 2013

    Mumbai: Reliance Industries on Friday reported a 19 per cent jump in its AprilJune quarter net profit at Rs 5,352 crore on back of higher refining margins. Net profit in the first quarter of 201314 at Rs 5,352 crore was 18.9 per cent higher than profit of Rs 4,503 crore in...
  • Ambani bets on 4G broadband in India, but risks abound June 24, 2013

    Mumbai: Indian tycoon Mukesh Ambani hopes his multibillion dollar bet on cheap highspeed 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 Internet...