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Scale, frugal costing help Reliance Retail's turn-around

Scale, frugal costing help Reliance Retail's turn-around

Last Updated: Sunday, April 20, 2014, 13:06

After struggling for seven years, Reliance Industries has pulled its retail vertical into black using the company's old strategy of scale and "frugal approach to costs", helping it become the country's largest retail chain, a top official said.

RIL divests Peru oil block stake

RIL divests Peru oil block stake

Last Updated: Sunday, April 20, 2014, 12:20

RIL had built up a presence in the Latin American nation of Peru in 2008.

RIL Q4 sales rise, refining margin narrows

RIL Q4 sales rise, refining margin narrows

Last Updated: Saturday, April 19, 2014, 15:13

Its average gross refining margin dropped to USD 9.30 per barrel from USD 10.10 a year earlier, although it was up from the preceding quarter's USD 7.60. Net sales rose 13 percent.

RIL to invest up to $700 mn in shale gas venture

RIL to invest up to $700 mn in shale gas venture

Last Updated: Friday, April 18, 2014, 22:45

Reliance Industries will invest up to USD 700 million in its shale gas venture in the current fiscal and also ramp up spends under the USD 13 billion capex programme in the petrochemical and refining business.

Reliance accelerates efforts to roll out 4G services: Ambani

Reliance accelerates efforts to roll out 4G services: Ambani

Last Updated: Friday, April 18, 2014, 22:35

Reliance Industries Ltd today said it has stepped up efforts to start 4G telecom services in the country.

Reliance posts highest quarterly profit in 2 years

Reliance posts highest quarterly profit in 2 years

Last Updated: Friday, April 18, 2014, 20:11

RIL net profit rose 0.8 percent to Rs 5,631 crore, or Rs 17.4 per share, in the January-March period from Rs 5,589 crore.

Reliance Retail's Q4 turnover climbs 19% to Rs 3,639 crore

Reliance Retail's Q4 turnover climbs 19% to Rs 3,639 crore

Last Updated: Friday, April 18, 2014, 20:00

Reliance Industries Ltd today said its retail arm reported a 19.27 percent increase in turnover to Rs 3,639 crore in the quarter ended March 31.

Reliance Industries Q4 net profit up at Rs 5,631 crore

Reliance Industries Q4 net profit up at Rs 5,631 crore

Last Updated: Friday, April 18, 2014, 18:25

Reliance Industries on Friday reported marginal rise in net profit to Rs 5,631 crore in the March-quarter.

No favour from Govt in KG basin: RIL to SC

Last Updated: Wednesday, April 16, 2014, 19:50

Senior advocate Harish Salve, appearing for RIL, denied allegations of favour and collusion and said the company was in dispute with the government on several issues.

Reliance Industries a parallel state: Former Bengal governor

Last Updated: Tuesday, April 15, 2014, 16:20

Former West Bengal governor Gopalkrishna Gandhi on Tuesday dubbed Reliance Industries as a "parallel state" that exercised power "brazenly" over natural and financial resources.

Oil Min to move Cabinet to allow RIL to retain gas finds

Last Updated: Tuesday, April 15, 2014, 15:43

The Oil Ministry is moving the Cabinet to allow Reliance Industries retain three gas discoveries worth USD 1.45 billion in the eastern offshore KG-D6 block even after expiry of timelines.

RIL commissions new PFY facility at Silvassa

Last Updated: Tuesday, April 15, 2014, 11:48

Reliance Industries Ltd (RIL) has commissioned a new Polyester Filament Yarn (PFY) facility at Silvassa in the union territory of Dadra and Nagar Haveli.