Thanks to a $5.7 billion deal with Facebook, a Rs 53,125 crore rights issue and more stake sale to companies such as Saudi Aramco, the target is likely to be achieved by December.
The deal, as well as some other strategic and financial investments in works, will help Ambani cut debt at RIL.
In a regulatory filing, Reliance -- the country's most valuable company - said, 'The 43rd AGM will be held on Wednesday, July 15, 2020 at 2 pm though video conferencing / other audio-visual means.'
Gas pricing guidelines stipulate that a new gas price will apply to all producers except RIL.
Reliance Industries on Friday announced the sale of 2.32 per cent stake in its digital unit to US-based Vista Equity Partners for Rs 11,367 crore, the third deal in a little over two weeks that will inject a combined Rs 60,596.37 crore in the oil-to-telecom conglomerate to help it pare debt. The US-based private equity firm will buy a stake in Jio Platforms, which houses the country's youngest but biggest telecom firm Jio, at an equity value of Rs 4.91 crore and an enterprise value of Rs 5.16 crore.
Both crude benchmarks are now down around 20 per cent since their last peak in June
Walmart CEO Douglas McMillon came first in the CEOWORLD magazine's global ranking of the best chief executives across all industries for 2019.
In HDFC Life, the company has to pare 1.43 per cent, and in HDFC Ergo, it has to pare only 0.58 per cent.
Pharma was the top losing index amid worries about their earnings outlook with Lupin down over 4%
India expects to remain unscathed this time, mainly because it is in a sweet spot as the world's third largest oil consumer, after the US and China, says Subhomoy Bhattacharjee.
Sachin Bansal, who had co-founded Flipkart with Binny Bansal in 2007, would exit the company
The government shouldn't hide behind the veil of making a domestic giant out of the HPC-ONGC deal, rather it should just say it needs cash from this divestment exercise, says Sudhir Bisht.
A vilification campaign against Rosneft has begun in right earnest, says M K Bhadrakumar.
Traders have all but given up attempting to predict where the new-year rout will end
Oil Min rejects RIL arbitration notice.
It reported a loss of Rs 36 crore (Rs 360 million), the first such negative result in 10 years.
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The 25-year production sharing contract, however, ends in 2029.
TCS kicked-off the Q1FY17 earnings season for information technology companies on Thursday.
According to a source close to the development, the government is set to come out with a notification in this regard by the end of this week.
Oil Minister Dharmendra Pradhan had last month told the Parliament that his Ministry has disallowed RIL from recovering $2.376 billion invested to develop offshore Krishna Godavari gas fields as output has fallen drastically and was way below the promised volumes in past four years.
The Oil Ministry is seeking Cabinet nod to allow Reliance Industries to retain three gas discoveries worth $1.45 billion in the eastern offshore KG-D6 block even after expiry of timelines.
The committee said whatever benefit RIL received in terms of the migrated gas is liable to be returned to the government.
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