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Wealth creation must for wealth distribution to happen: Mukesh Ambani

Amid rising concerns about globalisation benefitting the world's richest more, India's wealthiest man Mukesh Ambani today favoured free market economy and said wealth creation should not be constrained as it is a precursor to the distribution of wealth.

RIL, BP spend Rs 4,500 crore to maintain gas output at KG-D6

RIL, BP spend Rs 4,500 crore to maintain gas output at KG-D6

RIL-BP are currently producing from Dhirubhai-1 and 3 gas field and MA oil and gas field, three of the over one-and-half dozen discoveries made in the Bay of Bengal Block KG-DWN-98/3 or KG-D6.

RIL to pump in Rs 15,000 crore in Jio through rights issue

RIL to pump in Rs 15,000 crore in Jio through rights issue

"We wish to inform you that the Board of Directors of the company at their meeting held on July 14 approved further issue of 1,500 crore equity shares of Rs 10 each aggregating to Rs 15,000 crore to the existing equity shareholders of the company on rights basis," the company said in a regulatory filing.

Reliance Industries sells 49.9% stake in US JV for $1.07 bn

RIL and its partner Pioneer Natural Resources Co sold off Eagle Ford (EFS) Midstream venture, that owns a 460 miles pipeline network, to Enterprise Products Partners for USD 2.15 billion.

Mukesh Ambani gives retail arm mandate to drive 4G devices

Set to launch its pan-India 4G datacom services under "Jio" brand soon, Mukesh Ambani-led Reliance Industries has assigned its retail arm the mandate to develop the market for compatible devices and drive its growth.

RIL, Vodafone, others tie up to construct undersea cable

A consortium of global telecom majors, including Reliance Jio Infocomm and Vodafone, on Tuesday signed an agreement for constructing the Bay of Bengal Gateway submarine cable system that will link Malaysia and Singapore to the Middle East with connections in India and Sri Lanka.

RIL surges over 6%; hits 52-week high on strong Q3 nos

Buoyed by the impressive numbers, shares of the company opened higher and further gained 6.21 percent to Rs 954.80 -- its 52-week high on the BSE.

CAG cannot do performance audit of RIL, says ministry

India's official auditor will perform a second audit of Reliance Industries' (RIL) spending on KG-D6 gas fields after the petroleum ministry gave the company a written assurance that the exercise would not be a performance audit.