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Govt slaps $579 mn additional penalty on RIL

Govt slaps $579 mn additional penalty on RIL

Last Updated: Monday, July 14, 2014, 16:09

With this, the total penalty on RIL for missing the target in four fiscal years beginning April 1, 2010 now stands at a cumulative USD 2.376 billion.

Government slaps $579 mn additional penalty on RIL

Government slaps $579 mn additional penalty on RIL

Last Updated: Monday, July 14, 2014, 15:53

The total penalty now stands at USD 2.37 billion. The penalty in the form of disallowing costs incurred on the field is for missing the target in 2013-14.

Australian judge agrees to being arbitrator on RIL dispute

Last Updated: Tuesday, July 08, 2014, 17:32

The apex court had on April 29 named Michael Hudson McHugh, former judge of the High Court of Australia.

RIL completes acquisition of control of Network18 Media, arm

Last Updated: Monday, July 07, 2014, 17:59

With the completion of this transaction, IMT and RIL have become promoters of NW18 and TV18.

RIL, BP slap arbitration notice on Govt for gas price hike

Last Updated: Sunday, July 06, 2014, 12:17

RIL-BP-Niko on June 17 served a formal arbitration notice naming London-based Sir David Steel as its arbitrator.

'RIL to defer investment in developing new fields'

Last Updated: Monday, June 30, 2014, 19:02

The consortium is also investing USD 1.529 billion in developing four other satellite fields that can produce 10 mmscmd.

SAT throws out RIL plea, blasts SEBI for arbitrariness

Last Updated: Monday, June 30, 2014, 16:12

The Securities Appellate Tribunal Monday upheld a Sebi decision rejecting Reliance Industries Ltd's application to settle alleged violations of norms to check fraudulent and unfair trade practices in the RIL-Reliance Petroleum merger case through a consent mechanism.

The case before SAT not related to insider trading: RIL

Last Updated: Friday, June 27, 2014, 23:03

Reliance Industries on Friday said its pending plea before the SAT against SEBI is not related to any insider-trading, but challenges the regulator's arbitrary decision to shut the consent mechanism window on it.

Unfair to expect gas price decision by new govt so soon: ONGC

Last Updated: Thursday, June 26, 2014, 18:13

The UPA government-approved formula, if implemented, would have increased power tariffs by Rs 2 per unit and CNG rates by Rs 12 a kg.

RIL insider-trading case: SAT ends hearing, verdict on Jun 30

Last Updated: Thursday, June 26, 2014, 18:04

A full bench of the Securities Appellate Tribunal (SAT), headed by presiding officer JP Devdhar, on Thursday concluded the hearing on the nearly four-year- long insider trading case against Reliance Industries and said it will pronounce the order on June 30.

Sensex falls 251 points dragged down by shares of ONCG, RIL

Last Updated: Thursday, June 26, 2014, 17:04

Sensex constituents RIL and ONGC contributed almost 150 points to the Sensex fall on Thursday.

Govt to slap additional penalty of $578 million on RIL

Last Updated: Wednesday, June 25, 2014, 15:41

The government plans to impose an additional penalty of USD 578 million on Reliance Industries for producing less-than-targeted natural gas from its eastern offshore KG-D6 block.