Reliance Natural Resources Ltd (RNRL) on Thursday gave its consent to the oil ministry becoming a party in the argument over supply of gas from Reliance Industries Ltd (RIL). But the company has not given up the right to cross-examine its officials.
RNRL counsel Ram Jethmalani gave the consent ...

The Oil Ministry emphasised before the Supreme Court that the Reliance Industries Ltd (RIL) has been barred from private deals to supply gas because of Government’s production-sharing contract.
 
"The government has exclusive rights over all minerals underlying the ocean and in ...

Reliance Natural Resources Ltd has objected to the plea put forward by the Supreme Court for being a part of the Krishna-Godavari gas dispute as a party, saying that apex court should be cross-examining the officials if this plea is granted.
 
RNRL counsel Ram Jethmalani, who began his ...

Reliance Retail, the unlisted and wholly-owned subsidiary of Mukesh Ambani-led Reliance Industries, is planning to expand its presence in India. It has also plans for entering into new strategic alliances.
 
"I am pleased to report that we have done extraordinarily well, despite the ...

Reliance Industries Chairman Mukesh Ambani has mentioned that his energy firm would be indulging in aggressive exploration campaign over a period of three years.
 
"Exploration and production business would give the company a much higher growth trajectory in the coming years’, ...

Mukesh Ambani-led Reliance Industries has mentioned that it is not willing to enter into any gas supply deal with Anil Ambani-led Reliance Natural Resources if government play any vital role, provided the change in circumstances since the demerger.
 
The demerger scheme, which is in terms ...

Anil Ambani-led Reliance Natural Resources has opposed the move initiated by the government to become a party to the dispute over natural gas with Mukesh Ambani's Reliance Industries and termed the attempt "dishonest and collusive".
 
"Reliance Natural Resources objects to the ...

India’s apex court has resumed the legal dispute between Anil Ambani and Mukesh Ambani over the supply and pricing of gas available from the KGF basin afresh on Thursday. The hearing had been suspended after Justice Raveendran and yet another Supreme Court judge quit the case, citing personal ...

Rajasthan-based energy major Cairn India has disclosed that an agreement has been signed with Reliance Industries for supplying crude, which it produces at the Mangala crude oil field in Barmer, to the latter’s Jamnagar refinery.
 
"The implied price realisation represents an ...

Two judges of the Supreme Court on Wednesday withdrew themselves from hearing cases involving Mukesh Ambani-led Reliance Industries over possible conflict of interest.
 
Justice Markanadey Katju rescued himself from the hearing involving Bharat Petroleum, saying his wife owned shares in ...

Justice R.V. Raveendran, who had been a part of the three-member bench along with Chief Justice K.G. Balakrishnan and Justice P. Sathasivam conducting the trial of Ambani gas dispute, has quit saying that his daughter was associated with Mukesh Ambani-led Reliance ...

The oil-to-petrochemicals major Reliance Industries has registered a net profit of Rs.3,852 crore for the second quarter of this fiscal which ended on Sep 30 registering a 6.41% dip from the Rs.4,116 crore logged during the Q2 of 2008-09 fiscal.
 
The fall in profit, which was in line with ...

Reliance Industries has mentioned that it will not accept the judgement for the 17-year tenure for gas supply from Krishna-Godavari basin to RNRL as well as the price of $2.34 per unit.
 
The government's gas pricing policy is only for five years and because of that the 17-year pact with ...

The Supreme Court, which was hearing the dispute of gas supply by RIL to RNRL from the Krishna - Godavari basin, asked the Ambani brothers to solve the issue by means of arbitration or mediation.
 
Chief Justice K G Balakrishnan, who was hearing the dispute, mentioned that a "suitable ...

The dispute over natural gas from Krishna-Godavari basin is not a fight between two companies, but one between two brothers, Mukesh and Anil Ambani, the Supreme Court observed on Tuesday, as it commenced hearing the high-profile legal battle.
 
"It's like two countries, where there is ...

The Supreme Court will Tuesday begin hearing of the dispute between the Mukesh Ambani-led Reliance Industries and Anil Ambani-led Reliance Natural Resources Ltd over supply of gas from the Krishna-Godavari basin.
 
The Anil Ambani company wants to secure 28 million units of gas a day from ...

Business tycoon Anil Ambani has called for an amiable settlement of all the issues with his Mukesh Ambani.  
 
This proposal has been put forward by Anil at a time when the Mukesh-led RIL and Anil Ambani led RNRL are in a legal fight for the supply of natural gas by the former to the ...

The Reliance ADAG group has requested Supreme Court to ignore the government’s stand which doubts the legality of the contract it has with Mukesh Ambani’s reliance Industries for the natural gas supplies from the Krishna-Godavari basin.
 
According to the petition filed by ...

Reliance Industries of the Mukesh Ambani group is planning to explore oil in Sri Lanka, for which talks with the government of Sri Lanka are in progress.
 
Sri Lanka's Minister of Investment Promotion Navin Dissanayake told the media on Modnay from New Delhi that the government of Sri Lanka ...

Power Secretary H.S. Brahma revealed on Thursday that the nationalized power major, NTPC, may enter into an agreement with Reliance Industries for buying gas from the latter at $4.20 per unit for the Kawas and Gandhar plants.
 
"In all likelihood, NTPC will sign the Gas Sales and ...

NTPC, a nationalized power major, has disclosed on Friday that it is “committed to drawing the allocated gas" from the Krishna – Godavari basin for projects based in Delhi, despite the fact that a legal battle is going between with Reliance Industries Ltd. 
 
"NTPC ...

National power utility, NTPC Ltd, will be moving to the Supreme Court for securing the gas from Mukesh Ambani-led Reliance Industries at the price agreed that had been agreed on earlier.
 
NTPC has been advised to move to the SC for securing its own interest by the Attorney General Goolam E. ...

According to Union Petroleum Minister, Murli Deora, government does not have any plans to take over the distribution of Krishna-Godavari gas. The Anil Ambani group and Mukesh Ambani's Reliance Industries are having a fight over the same.
 
"The old days of nationalisation are ...

According to the Minister of Petroleum and Natural Gas, Murli Deora, the government be taking essential steps for protecting the public interest is case of ths dispute that is happening over the distribution of gas from Krishna-Godavari Basin by Reliance Industries Limited.
 
"We have ...

According to Anil Ambani the partisan stand that has been adopted by India's petroleum ministry in the reliance gas dispute will erode investor confidence and goes against the government's reforms direction.
 
According to him the oil ministry's position has also violated the ...

The Supreme Court has refused to take up a gas dispute between Reliance Industries and RNRL for final hearing on September 1.
 
A bench headed Chief Justice K G Balakrishnan said that the Supreme Court will decide on the date of final hearing on September 1 when it will consider various ...

Reliance Power has reported a net profit of Rs.100.56 crore for 2009-2010 Q1 as against Rs.59.7 crore reported in the like period last year.
 
The total income has increased to Rs.144.24 crore from Rs.77.67 crore.
 
The company posted a consolidated net profit of Rs.263 crore for the ...

Anil Ambani told that Reliance Natural Resources Ltd has served the notice on both the petroleum ministry and Reliance Industries calling for an early settlement of the dispute.
 
"The honourable Supreme Court will be requested to take up the matter for final hearing on Sep 1," ...

The oil-to-petrochemicals major, Reliance Industries, owned by Mukesh Ambani, has reported a dip in its net profit for Q! By 11.5% to Rs.3,636 crore compared to the Rs.4,110 crore it netted in the corresponding period last fiscal.
 
 
In a regulatory statement on Friday, the company ...

The Supreme Court on Monday postponed the hearing on the dispute over natural gas supply from the Krishna-Godavari basin between Mukesh Ambani’s Reliance Industries and his brother Anil's Reliance Natural Resources Ltd to September 1.
 
The court, which commenced hearing the petition ...