Ambani's wife Nita Ambani, a non-executive director on the company's board, earned Rs 600,000 sitting fee.
While the Saudi drone strike has put the focus back on anti-drone measures, caution also stems from the fact that India has a number of large oil refining assets close to India-Pakistan border.
As many as 24 special economic zone (SEZ) developers including Dr Reddy's Lab and Tata Consultancy Services have sought more time from the government to execute their projects.
The shift comes as the gap between the international benchmark Brent and the Middle East price marker narrows
Ballooning debt forces more and more Indian promoters to sell out to global majors and PE players.
An empowered group of ministers headed by Defence Minister A K Antony is to consider an Oil Ministry proposal of abolishing the priority ranking according to which natural gas is first given to urea manufacturing fertiliser plants, then to LPG units, followed by power plants, city gas, steel and refineries.
The decline was led by index heavyweight Reliance Industries along with ITC and HDFC.
Clamping down on the delays in repatriating foreign exchange earnings, the Reserve Bank of India (RBI) has tightened norms for special economic zones (SEZs), asking them to realise and bring back full value of goods and services to India within a year from the date of export.
'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
'What we are actually missing in India is a platform wherein the government engages with cybersecurity experts, gets them employed and then utilises their capability to deter such attacks.'
India has rejected a request from BP Plc to be allowed to sell jet fuel to the booming aviation market.
The PM has been named second year running; other contenders include Google's Sundar Pichai, US President Barack Obama, Islamic State leader Abu Bakr Baghdadi.
In its report 'Global Top Picks', Barclays expects the current bull market in global equities to continue, generating a total return of 9 per cent in 2015.
Sharp improvement in refining margin is expected to be the prime driving force.
The 30-share Sensex ended up 204 points at 27,215 and the 50-share Nifty ended up 59 points at 8,238.
The blaze erupted around 7 am in the gas processing plant of the ONGC located in Uran area of neighbouring Navi Mumbai, an official said.
Mukesh Ambani voluntarily capped his compensation at Rs 15 crore in October 2009 amid a debate over right-sizing of CEO salaries.
Year 2013 saw business leaders facing the ire of hostile investigative agencies.
The S&P BSE Sensex dropped 207 points to end at 25,230.
Sachin Bansal, who had co-founded Flipkart with Binny Bansal in 2007, would exit the company
The group plans Rs 30,000-cr oil refinery with IOC; buys Lanco's Udupi power plant for Rs 6,000 cr
ONGC was the top performer while private banking major ICICI Bank extended gains
The Petroleum Ministry in an order on Wednesday said it has revised guidelines for allocation/supply of domestic natural gas to city gas distribution entities for CNG and piped cooking gas sector.
Analysts remain confident RIL's refining and petrochemical segment will continue to support growth.
Stock market investors on Friday became richer by over Rs 1 lakh crore as the share market rose and the benchmark Sensex galloped to a new closing high enthused by the clear win of Narendra Modi-led BJP in Lok Sabha polls.
Reliance Industries on Friday dubbed as a "canard" allegations that the near-doubling of natural gas prices will lead to a similar hike in domestic cooking gas (LPG) and inflation in food item rates.
More than 40% of the companies surveyed showed job contraction in FY18, says a report by CARE Ratings
US sanctions against Iran kick in from November 4, which will block payment routes. Sources said India and Iran are discussing reverting to rupee trade after November 4.
Execs of RIL, Essar, Cairn India, Jubilant Energy, ADAG detained.
RIL, according to Goldman, offers the best downstream exposure in the Asian oil sector with its high quality asset base, diversified product portfolio, efficient management of inventory valuation swings and ability to fund large organic expansionary capex without taking on debt.
If the crisis worsens it could jack up India's oil import bill by over $20 billion this fiscal, at close to $200 billion.
During his lifetime and after, Ambani aroused extreme responses in others.
BSE Midcap index outperformed the benchmark indices to end with 0.4% gains.
"We will be guided by our national interest," he said.
Profit taking in index heavweights RIL and HDFC weighed on sentiment while ICICI Bank surged 7%.
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.
Ajit Mishra, vice president, Research, Religare Broking, answers readers' queries on stocks they own or want to buy. Here are his replies to some of the 'buy, sell, hold, avoid or exit?' e-mails that we have received.
'The most unfortunate part is that after precipitating the crisis situation on Tuesday, the government ducked and took help from Saudi Arabia and the UAE to 'de-escalate' the situation.' 'Make no mistake, this fateful move has grave implications.' 'You don't take help from the wolf to guard the sheep, right?' says Ambassador M K Bhadrakumar.
Financials were the top losers after sharp gains in the previous session along with ITC
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.
