The government had allowed companies in February last year to launch probe missions to find more oil and gas within already-producing areas.
Reliance Brands, a subsidiary of Reliance Retail, will focus on brand partnerships and creating brand portfolios to make its presence felt in the Indian branded apparel sector.
Newly appointed Ambassador of the United States (US) to India Eric Garcetti visited Mumbai on Tuesday and met Reliance Industries Chairman and Managing Director Mukesh Ambani and Bollywood superstar Shah Rukh Khan at the actor's residence 'Mannat', besides offering prayers at Mumbadevi Temple and Jama Masjid.
Reliance Industries has made two more gas discoveries at its prodigious D6 and NEC-25 blocks off the east coast, the company's junior partner Niko Resources of Canada announced.
The affidavit came in response to the government moving the Delhi high court seeking to block Reliance selling 20 per cent stake in its oil and chemical business to Saudi Aramco for $15 billion, in view of pending dues of $3.5 billion in Panna-Mukta and Tapti oil and gas fields. Countering the charges, RIL said it was a 'falsehood' and the petition is an abuse of process.
Oil regulator DGH has recommended stiff penalties on state-owned Oil and Natural Gas Corp and Reliance Industries Ltd for default on commitments made by them on oil and gas exploration blocks awarded under NELP.
Reliance Industries, the country's largest private oil company, is seeking oil and gas fields in Kurdistan.
Cairn India, whose success in Rajasthan may have propelled Reliance to bid for two blocks in the state, has submitted offers for only two blocks -- one onland and one offshore.
The banking entity of the group could be called Reliance Bank, Ambani told the shareholders of Reliance Capital.
The blocks on offer include one in the prospective Krishna-Godavari basin in the Bay of Bengal, where Reliance Industries found a large field with estimated reserves of 14.5 trillion cubic feet of gas last year.\n\n\n\n
We asked colleagues, present and past, to reflect on a man who has made such a difference to their lives and careers. Here it is then, a rich collection of memories that offer enchanting glimpses of the enigmatic Ajit Balakrishnan.
Prime Minister Narendra Modi greeted people on the occasion of Raksha Bandhan on Wednesday and was joined by girl students from different schools at his residence to celebrate the festival.
Leading business groups of the country like Reliance and the Tatas have shown interest in entering the Sudanese market, Ambassador of Sudan in India Abdal Mahmood Adbal Haleem Mohammad said on Monday.
The company had reported a turnover of Rs 10,800 crore (Rs 108 billion) in the previous financial year.
Reliance Exploration and Production DMCC, a wholly-owned subsidiary of RIL, has signed contract for Block 41. The block lies adjacent to Block 18 in Gulf of Oman, which the Government of Sultanate of Oman awarded to RIL in 2005. Block 18 is situated in the offshore Gulf of Oman between Block 41 and the border with the Fujuriah offshore block. The two blocks comprises approximately 21,000 sq km of area each.
Engineering conglomerate Larsen & Toubro (L&T) is preparing the ground to begin the commercial sale of electrolysers in September, which would be 50 per cent cheaper than its European counterparts, a senior company executive has said. An electrolyser is a key equipment required for the generation of green hydrogen. Last quarter, L&T manufactured its first electrolyser as a prototype.
The ministry of petroleum and natural gas has granted seven authorisations to companies for selling automobile (auto) fuels in the country. These new approvals are under the relaxed guidelines for authorisation to market transportation fuels that were revised in 2019. This is expected to make the competition more intense in India's petroleum retail business. According to a top oil ministry official, a fresh marketing authorisation has been granted to Reliance Industries (RIL) under these norms. This is being done since RIL's existing retail marketing authorisation has been transferred to its subsidiary Reliance BP Mobility
Companies seeking to tie up with nationwide pharmacy chain.
Reliance Industries has made a 'significant' gas find in a Cauvery basin block-off the east coast, company officials said.
Odisha Chief Minister Naveen Patnaik met Reliance Industries Chairman and Managing Director Mukesh Ambani in Mumbai on Monday, February 27, 2023.
Cash flows from RPL will help Reliance to step up investments on explorations. Reliance Industries, which owns the world's biggest refinery complex, is looking at additional cash flows, tax benefits, continuity of export status and other synergies in its attempt to merge Reliance Petroleum with itself, after a 54 per cent decline in stock prices.
IOC-OIL have decided to hold 25% stake in RIL's East Timor oil and gas block.
Although the Oil Ministry has the authority to decide on Reliance selling 30 per cent interest to BP in 23 exploration blocks, including the prize eastern offshore KG-D6 gas fields, the ministry on Tuesday decided to refer the deal to the CCEA, sources privy to the development said.
The government nod to Reliance Industries selling 30 per cent stake in its oil and gas blocks such as eastern offshore KG-D6 to London-based BP Plc for $7.2 billion hinges on no-objection certificate (NOC) from Canada's Niko Resources and UK's Hardy Oil and Gas.
Isha's stab at the bottom of the laptop pyramid shows she is a true Ambani.
Reliance Industries (RIL) has submitted bids for a stake in three exploration blocks in Australia in the latest auction of oil blocks in the country, President and CEO (petroleum) P M S Prasad said on Wednesday.
The Reliance juggernaut is back in action with a $20-billion-plus investment plan.
'To sustain our growth trajectory, we must continue to explore and capitalise on growth opportunities.'
Indian oil and petrochemical company Reliance Industries is considering oil sector acquisitions in Europe and the United States and a possible listing in New York or London, a senior executive said on Tuesday.
The move is expected to give high retail exposure to its products in innumerable kirana stores in the country, without having to spend much on advertising and marketing expenses apart from generating business volumes. When contacted, Reliance Retail spokesperson said: "As a policy, we do not comment on speculation." In a recent reshuffle at the company, Reliance Fresh head Gunender Kapur was made head of private labels business in the company.
The National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) are set to have some serious competition. Reliance Money, controlled by the Anil Dhirubhai Ambani Group, and Financial Technologies India Ltd (FTIL), which operates one of the world's largest exchange networks, are exploring the option of setting up their own equity exchanges.
Solicitor General Mohan Parasaran was replying to the charges made by the parliamentarian Gurudas Dasgupta and Common Cause, a public interest organisation
At the heart of one of the biggest transformations in India's corporate history lies a plan to offer super-fast broadband services.
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