Reliance Industries Ltd

  • 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...
  • 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...
  • 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...
  • Ambani bets on 4G broadband in India, but risks abound June 24, 2013

    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 Internet...
  • Ambani brothers strike Rs 12,000-cr telecom tower deal June 7, 2013

    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...
  • Left lashes out at govt for giving Z-plus cover to Ambani April 22, 2013

    New Delhi: Left parties on Monday lashed out at the government for providing armed commando cover to top corporate leader Mukesh Ambani, saying the common people have been left in the lurch as gruesome incidents of rape keep happening. "It is unprecedented that at a time when such ghastly and...
  • Mukesh Ambani gets 'Z' category security April 22, 2013

    New Delhi: Reliance Industries Ltd Chairman Mukesh Ambani is the new entrant to the 'Z' category VIP security club after the Union Home Ministry recently approved an armed commando squad following threat perception to the business tycoon. The Home Ministry has tasked country's lead anti-Naxal operations force CRPF to take...
  • India rejects $1 bn Reliance cost recovery plan May 4, 2012

    Mumbai: India has struck down Reliance Industries Ltd's plan to recover about $1 billion invested to develop an offshore gas field as the current output is less than half of that approved under the development plan, an oil ministry source said. Reliance said in a statement late on Friday that the...
  • ITC topples RIL as most influential stock April 17, 2012

    Mumbai: FMCG major ITC on Tuesday replaced Mukesh Ambani-led Reliance Industries Ltd (RIL) as the most influential stock on Indian bourses. Based on its weightage on the stock market's index Sensex, RIL slipped to the second position after ITC. At close on Tuesday, ITC grabbed the top slot in terms of...
  • Govt rejects RIL demand for gas price revision February 7, 2012

    New Delhi: The Government has rejected Reliance Industries' demand for a revision in the KG-D6 gas price, saying the $4.2 per mmBtu rate for five years was not only agreed to by the Mukesh Ambani-run firm but also upheld by the Supreme Court. The Ministry on January 30 wrote to RIL...
  • Coal India overtakes RIL as most valued firm August 17, 2011

    Mumbai: State-run Coal India on Wednesday toppled Reliance Industries Limited (RIL) as the country's most valued company, ending billionaire Mukesh Ambani-led corporate giant's over four-year rein at the top of the market valuation charts. With an over 2 per cent gain in its share price, the public sector coal giant on...
  • RIL Q3 net soars 58 pc to Rs 2,799 cr June 18, 2007

    New Delhi: Mukesh Ambani group's flagship company Reliance Industries said on Thursday quarterly net profit rose 58 per cent to Rs 2,799 crore in the October-December quarter, up from Rs 1,776 crore in the year-ago period. Driven by higher margins in petrochemicals, beating analyst forecasts the company posted the total income...