RIL produced a total of 13.58 mmscmd of gas from Dhirubhai-1 and 3 gas fields and MA oil and gas field in the KG-DWN-98/3 or KG-D6 block in Bay of Bengal in the first week of February, which rose to 13.63 mmscmd in the following week.
If the deal is indeed being considered, this will be the first time that Ambani will be putting his money in a print media venture since he and his younger brother, Anil Ambani, split businesses to form their own groups
The Directorate General of Hydrocarbons last month recommended to the Oil Ministry that $792 million of the cost RIL has incurred in KG-D6 fields be disallowed for producing only an average of 26.07 million cubic meters per day of gas as against the target of 86.73 mmcmd in 2012-13.
'I have an absolutely professional relationship, nothing personal, with Amitabh Bachchan.' 'I am the only person in the industry whom he never calls for home parties or festivals. Unless we have work, we don't call each other.'
He allegedly advanced the cut-off date to favour accused firms in allocation of 2G licences.
RIL has signed an infrastructure sharing agreement with Reliance Communications (RCom, of the Dhirubhai Ambani group) to launch its services.
Hrithik Roshan was just 32 when he played a grandfather in Krrish!
Moneylife's victory against NSE shows good journalism does not need to fear deep pockets of big corporations
Together, they controlled nearly Rs 26 lakh crore of assets at the end of FY16.
The court said a 'scam was created when there was none'.
The Prime Minister's visit to Japan reinforces the strategic focus of global partnership between India and Japan.
As the dust finally settles on the outcome of the Lok Sabha elections 2019 and Bharatiya Janata Party along with its NDA allies emerges as the clear winner, here is a list of who won in each of the 7 phases of elections.
Reliance Industries will have to provide a bank guarantee of $135 million every quarter to get a higher price for natural gas from April 1 next year.
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The five discoveries -- D4, D7, D8, D16 and D23 - hold 0.805 trillion cubic feet of reserves, or about one-fourth of the restated reserves in the currently producing Dhirubhai-1 and 3 (D1&D3) fields in KG-D6 block, and are worth $10 billion.
The company will use the proceeds to part-repay its debt, which stands at Rs 34,000 crore (Rs 340 billion) even after the recent qualified institutional placement of its shares. An RCom board committee recently approved the sale of these assets.
Reliance had been trying to bring the brand back to the forefront recently, after years of lull, through new ad campaigns highlighting a youthful range, called Unformal, in workwear.
N Suresh pays tribute to a consummate politician who passed into the ages on Monday.
Asin joins a long list of actresses, who married rich businessmen!
For the traditionalists, wars on Twitter and Facebook smack of immaturity.
Gujarat was among the earliest civilisations in the sub-continent, dating back four millennia.
Armed with pricey degrees from colleges overseas, young Indians are heading back home in search for greener pastures.
Energy conglomerate Reliance Industries and its partner BP plc on Friday said they have made a second deep-water gas condensate discovery in the Cauvery basin, off the east coast.
'If your paper writes something you don't agree with, will you criticise it?' Nitin Gadkari asks Aditi Phadnis when quizzed about demonetisation.
The committee said whatever benefit RIL received in terms of the migrated gas is liable to be returned to the government.
Will private firms really boost Make in India in the defence sector? Ajai Shukla seeks answers.
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The Management Committee headed by Director General of Hydrocarbons R N Choubey refused to take a view on appointment of renowned reservoir consultants Ryder Scott, DeGolyer and MacNaughton, Gaffney, Cline & Associates or Netherland, Sewell & Associates to ascertain if RIL's claims of fall in reserves are actually true or the firm was hoarding gas by producing less, official sources said.
Heavy rains pummelled Mumbai and its suburbs in which two persons died of electrocution and bringing normal life to a grinding halt on Friday with several areas waterlogged.
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.
A summary of sports events and sports persons, who made news on Sunday
'If there is any industry that is unfit for modern corporate form it is the diamond trade.' 'But no one was asking the right questions.' 'The music was playing and so the game was on,' says S Murlidharan, former MD, BNP Paribas.
Mr Modi, it came across, did not want to be seen as favouring any one business group.
The 30-share Sensex gained 321 points to end at 26,430 and the 50-share Nifty surged 100 points to end at 7,879.
The CBI is probing whether the former IRDA chief J Hari Narayan had misused his discretionary powers to favour Reliance General Insurance Company, which has admitted that the extra amount collected by it way of premium was not Rs 1.07 crore, as originally believed, but 20 times as much, report Paranjoy Guha Thakurta and Pranati B Mehra.
I still believe that it is a good thing that think tanks are mushrooming in Delhi. They provide a platform for discussion, even if they shed more heat than light. With Parliament almost incapable of serious debate, informed discussion and civilised discourse, where does this nation get its intellectual churn, asks Mohan Guruswamy.
'If the government starts playing favourites, if the government acts in a manner which is not transparent, then natural resources which belong to not just you and me, but future generations, they fritter away. The anger against corruption, the anger against India's natural resources being looted is a consequence of the fact that within society there is a huge amount of turmoil and discontentment. Why should an Empowered Group Of Ministers or the Cabinet Committee on Economic Affairs decide the administered price of gas?' asks Paranjoy Guha Thakurta in this exclusive interview with Rediff.com's Sheela Bhatt.
A week after taking office, Arvind Kejriwal and his ministers have ambitious promises to keep.
Friendlier government policies, greater demand and better supply of coal have fuelled investor interest.
The Cabinet on Thursday decided to allow Reliance Industries to almost double the price of natural gas from April provided the firm gave a bank guarantee to cover its liability if gas-hoarding charges are proved.
This is the first time the fight is between mother and son. Both sides don't look in the mood to relent: Advisors and spin doctors have been hired, lawyers have been consulted.
'I sat down and asked them what they would want in their new school. One student said a football field, another one asked for computers. One little girl came and sat next to me and said, "A separate toilet for the girls." I think these small things make a huge difference in the future of education in India,' Nita Ambani tells Aseem Chhabra/Rediff.com
