After successfully dabbling in organised retail in 2006, Mukesh Ambani, chairman of India's largest private sector company, Reliance Industries (RIL), has now set his eyes on no-frills, low-cost housing."RIL has deep pockets and excellent execution skills. It has executed two large projects like the Jamnagar refinery and the KG-D6 basin in a record time. Another such large project is only obvious for the company to get into," said a source close to the development.
The government on Wednesday asserted in the Supreme Court that any suitable arrangement between the Ambani brothers for the supply of gas from K G Basin has to be approved by it keeping the national interest paramount.
Bangladesh captain Mushfiqur Rahim was taken to hospital on Monday after being hit on the head by a bouncer from New Zealand's Tim Southee but was reported to be doing "fine".
Designer Niharika Khan spills the beans about designing for Karthik Calling Karthik.
MA fields were producing around 32,000-33,000 barrels of oil per day and 8 million standard cubic meters per day of gas.
Chennai Petroleum Corporation Ltd set up a crude oil jetty in Nagapattinam at Rs 960 million to meet requirements of Cauvery Basin Refinery.
Reliance Industries chairman Mukesh Ambani has said issue of bonus shares after a 12-year hiatus was just fulfilment of the company's commitment to reward shareholders after completion of important projects.
RNRL had sought 28 mscmd of gas for 17 years at $2.34 per million British thermal units (mBtu) from Mukesh Ambani's RIL.
Read the full text of the Supreme Court ruling in the Krishna Godavari Basin gas dispute between Mukesh Ambani-led Reliance Industries Ltd and Anil Ambani's Reliance Natural Resources Ltd.
In what could seal the fortunes of the gas and power businesses of the two Ambani brothers, the Supreme Court is to deliver a judgment tomorrow on the bitterly fought dispute over gas from the Krishna-Godavari basin's D6 block.
RIL declined to comment on this or related allegations, saying the entire issue was in court.
As many as 3,50,000 people have been rendered homeless in the region.
The apex court also heard a plea for bringing back black money stashed in tax havens abroad.
The Tamil Nadu government welcomed the decision, hailing it as a 'grand victory for the 'Amma (Jayalalithaa) government' and the state's farmers'.
RIL said RNRL has maintained that the May 12, 2005 draft agreement between the RIL and NTPC should be the basis for fixing the price of gas from the KG Basin but it has ignored the provision for government approval.
Lok Sabha MP Harsh Vardhan on July 23 wrote to Petroleum Minister Murli Deora asking why the government had kept quiet for all this while on the Ambani family MoU that provides for dividing Krishna-Godavari basin gas between companies run by brothers Mukesh and Anil.
Brendon McCullum's unbeaten 94 and skipper Daniel Vettori's 77 helped pull New Zealand off the mat and take a 67 runs lead against Australia at end of fourth day play in Wellington's Basin Reserve.
New Zealand took the first day's honours in the second Test against Pakistan after reducing the visitors to 161 for 6 when stumps was called 56 minutes before the scheduled close at the Basin Reserve in Wellington on Thursday.
News of Shane Bond's latest abdominal injury has undeniably given a boost to the Pakistan cricket team ahead of the Basin Reserve Test that begins from Thursday.
Replying to Australia's imposing total of 459 for five declared, New Zealand were precariously placed at 108 for the loss of four wickets on the second day of the Basin Reserve Test.
The latest Ambani-sibling fight has now become a political battle.
Anil Ambani's Reliance Natural Resources continued its attack on the government for allegedly favouring brother Mukesh Ambani's Reliance Industries Ltd on the sale price of gas from the Krishna Godavari D6 basin. At $4.2 per million British thermal unit (mBtu), the price fixed, there is a premium of more than 100 per cent over the gas available through the administered pricing mechanism, it said.
The Samajwadi Party members stormed the well dissatisfied over the government's response to their demand for gas allocation to Anil Ambani-promoted Dadri power plant in Uttar Pradesh from the Mukesh Ambani-led RIL's D-6 gas field in the Krishna-Godavari basin.
China's National Space Administration landed the Chang'e 4 lunar probe at 10:26 am Beijing time on Thursday, in the South Pole-Aitken Basin which is an impact crater, China Central Television reported.
Amidst the legal battle between Reliance Industries Ltd and Reliance Natural Resources Ltd over gas from Kaveri basin, Petroleum Minister Murli Deora has hit out at the Ambani brothers for fighting over a natural resource that belongs to the government and the people of the country.
Mukesh Ambani's Reliance Industries Ltd on Wednesday told the Supreme Court that the demerger scheme worked out with his brother Anil Ambani was categorical that the gas supplies from the KG Basin to his group was not for trading and meant for promoting power generation plant.
RIL's predominantly gas rich KG-D6 block, off the east coast, has also helped boost availability of the environment friendly fuel in the country.
In a surprise move, oil regulator DGH has asked Reliance Industries to include the marketing margin the company charges on sale of natural gas from its field to the approved gas price for calculating the government's share from the project.
RIL president and CEO (Oil and Gas) PMS Prasad, who met petroleum ministry officials to discuss under capacity production from the company's KG basin fields, said: "We have time till July 15 to decide. . . we are still evaluating our options."
Last November, the Ganga was declared as a 'National River' and the NGRBA was set up as an empowered planning, implementing and monitoring authority for the Ganga River for which this year's budget has a special provision of Rs 250 crore. The NGRBA has as its members the chief ministers of four states through which the Ganga flows.
Over 13 lakh people were affected in five districts of Andhra Pradesh following unprecedented floods in Krishna river basin which has claimed 37 lives so far, official sources said in Hyderabad on Sunday. The flood claimed 15 lives in Kurnool, 16 in Mahabubnagar, three in Krishna, two in Nalgonda and one in Guntur district, they said, adding that the toll may go up.
DGH director general V K Sibal objected to Hardy, which holds 10 per cent stake in RIL-operated D3 and D9 blocks, making 'an unwarranted, unethical and premature announcement that is bound to mislead' and influence share price. Sibal on May 29 wrote to Securities and Exchange Board of India chairman C B Bhave asking the market regulator to take up with its counterpart in London the unauthorised statement made by Hardy about its assessment of reserves in the two blocks.
Andhra Pradesh, Uttarakhand, Maharashtra and Tamil Nadu likely to be India's most water-scarce states this summer
The gas price revision will add to the bottomline of the two public sector companies -- Oil and Natural Gas Corporation and Oil India Ltd -- and will also yield additional revenue for the central and state governments.
The length of the main trunk pipeline is 1,385 km from Kakinada to Bharuch and 75 km is the length of the spur lines.
Moon Mineralogy Mapper (M3) instrument of National Aeronautics and Space Administration (NASA) has beamed back images of the Orientale Basin on the western limb of the moon. An analysis of the images indicates abundance of iron-bearing minerals such as pyroxene, said Carle Pieters, a senior scientist of US-based Brown University and principal investigator for the M3 experiment.
This follows a letter by RIL to the ministry, justifying the increase in capex.
This is significantly higher than the government revenues of Rs 500 crore (Rs 5 billion) that ADAG has been claiming in an advertising campaign that it launched on August 17. The exercise marks the first time the directorate general of hydrocarbon, the upstream oil regulator, has worked out such an estimate. The exercise is not carried out in the normal course for oil or gas fields.
The Pakistan team is eyeing a series-levelling victory against New Zealand after setting a target of 405 runs and again having the New Zealand team on the back foot at 70 for three at stumps on day three of the second Test being played at the Basin Reserve in Wellington.
Pakistan took control of the second Test against New Zealand with a 229-run lead over the hosts at the end of Day 2. Replying to the tourists' 264 in the first innings, New Zealand crashed to 99. Pakistan were 64 for 2 in the second essay.
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