RIL arbitration case: Will follow court order, says Oil Ministry
RIL arbitration case: Will follow court order, says Oil Ministry

Days after the Supreme Court dismissed its plea seeking removal of a foreign arbitrator appointed by Reliance Industries, the Petroleum Ministry Thursday said it will follow the court order in the dispute over Panna-Mukta and Tapti oil and gas fields.

Mukesh Ambani asks executives to reinvent and transform RIL
Mukesh Ambani asks executives to reinvent and transform RIL

Ahead of Reliance Industries' much talked telecom launch, its Chairman Mukesh Ambani has asked company executives to reinvent as the group seeks to transform from a B2B organisation to a C2C one.

ONGC says expert report to decide its dispute with RIL

With Delhi High Court disposing its petition alleging natural gas from its KG block seeping into neighbouring fields of Reliance Industries, state-owned ONGC has said an independent expert report next month will determine if its apprehensions were right or wrong.

ONGC makes gas find in KG block

ONGC discovered oil and gas in the well F-1 in the northern part of the KG basin block KG-DWN-98/2 or KG-D5, which sits next to the flagging KG-D6 block of Reliance Industries.

PM Modi meets India Inc amid global gloom in markets
PM Modi meets India Inc amid global gloom in markets

Prime Minister Narendra Modi on Tuesday chaired a high level meeting on global economic scenario with about 40 captains of industry and leading economists at his Race Course Road residence.

Amid global gloom in markets, PM Modi to meet India Inc leaders today
Amid global gloom in markets, PM Modi to meet India Inc leaders today

The high-level consultative meeting on the agenda -- 'Recent Global Events: Opportunities for India', would also be attended by RBI Governor Raghuram Rajan and Niti Aayog Vice-Chairman Arvind Panagariya.

PM Modi to meet industry leaders today on global economic scene

Prime Minister Narendra Modi will today meet business leaders including Reliance Industries head Mukesh Ambani, Tata Group Chairman Cyrus Mistry as well as bankers and economists to discuss global economic scenario.

Govt allows RIL to sell LPG to private marketers

The government has permitted Reliance Industries to sell up to 1.2 lakh tonnes of LPG produced at its plants to private cooking gas marketers.

RIL loses most profitable tag again, this time to IOC
RIL loses most profitable tag again, this time to IOC

Within two quarters of losing its 23-year-old reign as the country's most profitable company to TCS in the December quarter, Reliance Industries was again humbled in the June quarter, this time by Indian Oil.

HC to decide on Aug 11 bench to hear RIL, Centre pleas

The Delhi High Court Thursday said it will decide on August 11 the bench that will hear RIL and the Centre's pleas against the city government's decision to lodge an FIR against two former Union ministers in connection with alleged irregularities in raising the price of gas from the company's KG6 basin.

Reliance, Essar Oil to supply diesel to Railways

Private refineries Reliance Industries and Essar Oil will supply diesel to the Railways, Lok Sabha was told Monday.

Govt recovers Rs 368 crore additional profit from RIL

Government has recovered nearly a third of the USD 195.34 million additional profit it is claiming from Reliance Industries' KG-D6 field as a result of penalty imposed for gas output lagging targets, Oil Minister Dharmendra Pradhan said Monday.

Reliance Industries Q1 profit rises to highest in over 7 years

Standalone net profit at Rs 6,318 crore, or Rs 19.5 per share, in April-June was 11.8 percent higher than Rs 5,649 crore, or Rs 17.5 a share, in the same period a year ago.

RIL Q1 net profit up 4.4%; standalone growth at 12%

Reliance Industries Friday posted 4.4 percent rise in first-quarter consolidated net profit to Rs 6,222 crore, while standalone profit grew 12 percent to highest level in over six years beating market estimates.

RIL owes Rs 341 cr to MMRDA for BKC project delay'

Reliance Industries Ltd owes Rs 341 crore to Mumbai Metropolitan Region Development Authority as additional premium charges at a joint property being developed in the posh BKC area here, shows an RTI query.

Australia's $18.5 bn fund takes position in RIL

Australia-based Platinum fund, having USD 18.5 billion worth assets under its fold, has added Reliance Industries to its portfolio with bullish outlook on downstream projects, as also company's re-entry into telecom business with Jio later this year.

RIL completes 49.9% stake sale in US pipeline venture for $1 bn

Reliance Industries Wednesday said it has closed the deal to sell its entire 49.9 percent interest in a US shale oil and gas pipeline joint venture to New York -listed Enterprise Products Partners for USD 1.073 billion.

RIL to offload 3.1% stake in Network18 for around Rs 200-cr

Reliance Industries will offload 3.1 percent stake in media and entertainment firm Network18 Media and Investments Ltd for an estimated Rs 200 crore to bring down its shareholding to permitted level of 75 percent.

Niko seeks 3-month extension to sell stake in KG-D6 block

Reliance Industries` consortium partner Niko Resources of Canada has extended by over three months its search for a buyer of its stake in RIL`s eastern offshore KG-D6 gas block to pay off debt.

RIL's return ratio to improve over medium term: Report

As Reliance Industries nears completion of a significant capex cycle over next 12 months, return ratios are likely to improve in the medium term, driven by strong earnings accretion from core business and a rational strategy in telecom business, a brokerage said.