RELIANCE INDUSTRIES LIMITED

  • India will exceed China's growth rate; 2014 a landmark year: RIL chief Mukesh Ambani December 3, 2014

    Mumbai: Reliance Industries Limited chairperson Mukesh Ambani in an exclusive interview with Network18 said internal stability will help India increase its growth rate. "I have no doubt in my mind that we will be the fastest growing economy in the next two or three years," said Ambani. The business tycoon referred...
  • 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...
  • 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 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....
  • 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...
  • 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. ...
  • 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...
  • 4G services soon, have finalised vendors: Mukesh Ambani June 6, 2013

    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 June 6, 2013

    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 June 6, 2013

    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....
  • 'Gas deal a mega scam, favours Ambani's RIL' May 24, 2013

    New Delhi: CPI MP Gurudas Dasgupta has asked Prime Minister Manmohan Singh to intervene in a gas deal that he says deliberately favours Mukesh Ambani's Reliance Industries Limited (RIL). Dasgputa also called for Oil Minister Veerappa Moily to step down for favouring RIL. He said if RIL's sale price of gas...
  • Anil Ambani compares Modi to Gandhi, Dhirubhai January 11, 2013

    Ahmedabad: Reliance ADAG Chairman Anil Ambani on Friday compared Gujarat Chief Minister Narendra Modi to to Mahatma Gandhi, Sardar Patel and Dhirubhai Ambani at the Vibrant Gujarat Summit 2013. Modi will reach out to around 50,000 investors at the Vibrant Gujarat Summit, inviting them to set up shop in Gujarat....
  • Govt has disallowed RIL's $1 bn expense on KGD6: Moily November 27, 2012

    New Delhi: The government has disallowed $1 billion expense of Reliance Industries on the flagging KGD6 gas fields for not implementing the approved field development plan, Oil Minister M Veerappa Moily said on Tuesday. "The average gas production from KGDWN98/3 (KGD6 block) during the current year was about 29.81 million...
  • India @ 9 with Bhupendra Chaubey November 9, 2012

    India Against Corruption activistturnedpolitician Arvind Kejriwal on Friday targeted several top Indian business groups and a Congress MP, alleging that they had stashed black money worth several hundred crores in the HSBC Bank in Geneva, Switzerland. He claimed that a senior Congress leader gave him the details about the black money....
  • News 360: Arvind Kejriwal targets corporate czars, Congress MP November 9, 2012

    Activistturnedpolitician Arvind Kejriwal on Friday alleged that Rs 6,000 crore in black money was stashed away in 700 HSBC accounts in Geneva, Switzerland. ...
  • Arvind Kejriwal has vested interests: Ambanis November 9, 2012

    New Delhi: Reliance Industries Limited, the HSBC bank, the Dabur group have all denied the charges levelled against them by India Against Corruption activistturnedpolitician Arvind Kejriwal who accused their chiefs of having crores of cash deposits in Swiss bank accounts where money, he alleged, was transferred through hawala. Reliance Industries denied...
  • RIL issues statement, says it's not against CAG audit November 3, 2012

    New Delhi: A day after CNNIBN reported that the Comptroller and Auditor General (CAG) pulled up the Oil Ministry for agreeing to the conditions of Reliance Industries Limited (RIL) for the audit of KGD6 Basin, the company on Saturday issued a statement denying it was opposed to an audit by...
  • Was the Oil Ministry armtwisted by RIL? November 2, 2012

    Oil Minister M Veerappa Moily has said that it's a matter between the Ministry and RIL, and law would take its course. ...
  • News 360: CAG pulls up Oil Ministry over RIL's conditions November 2, 2012

    The CAG pulled up the Oil Ministry for agreeing to Reliance Industries Limited's conditions for an audit of the KGD6 field. ...
  • KG Basin row: CAG slams Oil Ministry, says RIL's terms unconstitutional November 2, 2012

    New Delhi: The Comptroller and Auditor General (CAG) has pulled up the Union Oil Ministry for agreeing to the conditions of Reliance Industries Limited (RIL) for the audit of KGD6 basin. According to sources, the auditing body told the Ministry that it should have been consulted before assuring the company. The...
  • CAG pulls up Oil Ministry for agreeing to RIL's terms November 2, 2012

    New Delhi: The Comptroller and Auditor General (CAG) has pulled up the Union Oil Ministry for agreeing to the conditions of Reliance Industries Limited (RIL) for the audit of KGD6 basin. According to sources, the auditing body told the Ministry that it should have been consulted before assuring the company. The...
  • Cong slams Kejriwal over crony capitalism claims November 1, 2012

    New Delhi: The Congress has slammed India Against Corruption activist Arvind Kejriwal's allegations that 'the Congress and the BJP are in Ambani's pockets'. "After Mani Shankar Aiyar was removed, the government took decisions to hike gas prices and increase in capex resulting in much bigger loss to the government of...
  • Kejriwal made allegations at the behest of vested interests: RIL October 31, 2012

    New Delhi: The Reliance Industries Limited on Wednesday dismissed all allegations made by anticorruption crusadersturnedpoliticians Arvind Kejriwal and Prashant Bhushan saying the statements were devoid of any truth. Reacting to the allegations made by Kejriwal and Bhushan at a press conference in New Delhi, Mukesh Ambaniled RIL issued a statement saying,...
  • Oil Minister Moily vows speedy decisions; RIL rises October 29, 2012

    New Delhi: New oil minister Veerappa Moily has promised to speed decision making in an effort to attract foreign investment, and will push domestic oil companies to aggressively bid for foreign oil and gas assets to meet growing energy demand. Moily was appointed as the country's new Petroleum and Natural...
  • RIL cuts KGD6 gas field reserves by 70 pc: Govt August 9, 2012

    New Delhi: Reliance Industries has slashed natural gas reserves in its main production gas fields in the Krishna Godavari basin D6 block by 70 per cent to 3.10 Trillion cubic feet (Tcf) due to "unforeseen geological surprises". Minister of State for Petroleum and Natural Gas RPN Singh told the Lok Sabha...