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DGH rejects RIL offer to confirm gas discoveries in KG-D6 DGH rejects RIL offer to confirm gas discoveries in KG-D6 Under pressure from DGH, Reliance Industries has agreed to do separate tests to confirm three natural gas finds in the KG-D6 block but the regulator is not impressed and wants the discoveries to be taken away from the company.
OIL seeks revision in natural gas price OIL seeks revision in natural gas price Oil India Ltd (OIL) has demanded a revision in price for natural gas for state-owned firms alongside the planned hike in rates for private players like Reliance Industries, saying that the current margins are small.
RIL rejigs investment portfolio; exits four banks RIL rejigs investment portfolio; exits four banks In a major revamp of its investment portfolio, Reliance Industries Ltd has sold off its holdings in four banks, HDFC Bank, Axis Bank, Canara Bank and PNB, but has tanked up its holdings in two others -- SBI and ICICI Bank.
BP surrenders 12 oil and gas blocks BP surrenders 12 oil and gas blocks UK's BP plc has relinquished, or surrendered, 12 out of the 21 oil and gas blocks where it had bought 30 percent stake from Reliance Industries for USD 7.2 billion, due to poor hydrocarbon prospects.
RIL for hefty jump at Rs 5 cr in commission to independent directors RIL for hefty jump at Rs 5 cr in commission to independent directors In a bonanza for its independent directors, Reliance Industries has proposed to raise the commission payable to non-executive directors on its board from Rs 21 lakh to Rs 5 crore annually.
RIL subsidiary finalises key pacts for roll-out of LTE service RIL subsidiary finalises key pacts for roll-out of LTE service Reliance Industries' telecom arm has finalised key agreements with technology partners and device manufacturers as it gets ready to launch the ambitious 4G services.
Digital format a key vertical for retail biz growth: RIL Digital format a key vertical for retail biz growth: RIL Reliance Industries is betting on the digital sector as one of growth verticals of its retail business, which crossed the Rs 10,000 crore turnover milestone in the 2012-13 fiscal.
RIL to invest $5 bn in reversing KG-D6 output fall RIL to invest $5 bn in reversing KG-D6 output fall With gas output from its flagship KG-D6 fields dipping to an all-time low, Reliance Industries Chairman Mukesh Ambani has said the company will invest over USD 5 billion in "a series of projects" to reverse the trend.
Govt seeks clarification from RIL on revised KG-D6 investment plan Govt seeks clarification from RIL on revised KG-D6 investment plan The government has asked for certain clarifications from Reliance Industries on the revised investment plan the company had submitted for the main gas producing fields in the eastern offshore KG-D6 block.
RIL may get nod this month to invest $1.452bn in Cauvery basin RIL may get nod this month to invest $1.452bn in Cauvery basin RIL had made the only discovery in the CY-DWN-2001/2 block in 2007 and had submitted a Declaration of Commerciality (DoC) for the find, which was named D-35, in March 2010 after it carried out drilling of an appraisal well.
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