Telecom stocks fell after Mukesh Ambani extended Reliance Jio's free offers till March 2017.
Analysts said the higher capex by PSUs, along with government spending, could trigger a capex revival for the corporate sector by the second half of FY17
Centre and state governments are steadily increasing excise duties and value-added tax
Bharti Airtel and Vodafone Idea have communicated to the telecom department that they will not pay AGR dues of Rs 88,624 crore, the deadline for which ended on Thursday, and will wait for the outcome of modification petition listed for hearing before the Supreme Court next week, according to official sources. Reliance Jio on Thursday paid Rs 195 crore to the telecom department to clear all adjusted gross revenue dues accounted till January 31, 2020, according to an official source.
Business opportunity after phased diesel deregulation the main trigger.
The commission asks for notification to be deferred; RIL's KG-D6 pricing issue may return to Cabinet
Inputs by the Petroleum Ministry were found among stolen documents.
The first task before him is to get used to the idea of working with the Monetary Policy Committee
The 2016 upstart, called Jio, dislodged rivals and has emerged as the nation's No. 4 carrier by offering call services free for life and data transmission at dirt cheap rates.
The low global crude prices have helped narrow the current account deficit to just 0.2 per cent of GDP in the previous January-March quarter.
Delhi Police claims that the FIR reveals serious cognizable corruption & cheating offences, so matter is within its jurisdiction.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers' stock market queries. Ajit will offer his unbiased views on a weekly basis
To proceed with a Cabinet proposal to grant the relaxations to RIL, the Election Commission's approval will be sought.
RIL had drawn 58.67 bcm from the wells up to March 31, 2015.
Dealers are not happy with the company's latest retailing policy and decided not to re-open their pumps.
Oil firms' borrowings could fall by up to Rs 15,000 cr, govt's subsidy bill by 12% .
Ajit Mishra, Vice President, Research, Religare Broking, answers readers's queries on stocks they own or want to buy.
As deputy governor, Patel headed the RBI panel to draft the monetary policy report, which became the basis of the ongoing reforms at the apex bank
The list includes CAG's request dated July 2, 2012 for information on award of contract for laying of a 1,395-km pipeline by Mukesh Ambani-owned Reliance Gas Transportation Infrastructure Ltd for shipping KG-D6 gas from east coast to the west.
Govt notification on $8.4 a unit price likely by month-end
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Following adverse media reaction to the June 27 decision of the Cabinet Committee on Economic Affairs, the finance ministry had issued an office memorandum asking the petroleum ministry to see if there was a way to make RIL clear its gas supply backlog at the existing price.
The pricing and marketing freedom for exploitation would be capped by a ceiling price.
There was no word on whether or when Patel would be talking to the media about his priorities and plan of action as head of Mint Street
India Gas Solutions Pvt Ltd -- the equal joint venture between the Mukesh Ambani-led firm and Europe's second largest oil firm - is among the three companies shortlisted by Gujarat government for giving out 25 per cent stake in the Mundra terminal.
Govt plans to stop RIL from selling crude to Jamnagar refinery.
The S&P BSE Sensex gained 57 points to end at 26,064 and the Nifty50 climbed 17 points.
Indian equity markets registered their highest single-day percentage gains since early October.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The agency would probe whether Sibal had shown undue favour to RIL.
The stage for negotiations to settle the Krishna-Godavari basin dispute is long over, says a government official
The bank guarantee, which will be equivalent to the incremental revenue that RIL will get from the new gas price, will be encashed if it is proved that the company hoarded gas or deliberately suppressed production at the main D1&D3 fields in the eastern offshore KG-D6 block since 2010-11.
The Supreme Court on Wednesday agreed to hear a plea seeking stay on arbitration proceedings on a dispute between Mukesh Ambani-led Reliance Industries Ltd (RIL) and the government over recovery of cost for developing the country's key natural gas field in the Krishna-Godavari (KG) basin.
The benchmark BSE Sensex ended down 2.23 per cent. The Bank Nifty fell 3.59 per cent.
Reliance Industries Ltd, along with its partner British Petroleum, plans to invest about Rs 800 crore (Rs 8 billion) to carry out exploratory drilling in an offshore block in the Bay of Bengal, off the Tamil Nadu coast.
In the 38-page report, across 10 chapters, RIL explained how it entered the exploration and production business; the history of the New Exploration and Licensing Policy and the introduction of production-sharing contracts.
The BSE Sensex was down 326 points at 23,277 and the Nifty was down 107 points at 7,056.
Revenue was also boosted by robust growth in retail business which recorded a 73.6 per cent increase to Rs 11,571 crore
Cabinet may tweak Rangarajan formula; new price may be further delayed.
The RBI governor-designate may be economical with spoken words, but is known for his sharp and critical writings
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RBI's forex swap window for oil marketing companies addresses an urgent issue but what happens when the dollars have to be returned?
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