The raging dispute being heard in the Supreme Court between the companies belonging to the two Ambani brothers, Mukesh and Anil, mainly concerns the supply and pricing of natural gas from the Krishna Godavari basin.
 
At the core of the dispute is how valid is a family pact reached between ...

The shares of Mukesh Ambani-led Reliance Industries moved up on Monday as the Supreme Court was all set to commence hearings on the dispute over gas supplies from its Krishna-Godavari hydrocarbon asset.
 
The company's shares opened strong on the Bombay Stock Exchange (BSE) at Rs.1,960, ...

The Anil Ambani-owned Reliance Mobile will launch on Friday a game based on Hollywood movie "Wolverine" on its R-World value-added services platform, the company announced on Thursday.
Wolverine is a fictional super hero, who appears in comic books published by Marvel Comics.

The new ...

Anil Ambani Group company, Reliance Infratel, is planning to raise about $1 billion by selling shares. The company is talking to some private equity firms, regarding this. Reliance Infra is a subsidiary of the telecom arm, RCOM. Rel Infra is planning to dilute 10-15% stake with private equity ...

India's largest private sector firm Reliance Industries Ltd (RIL) has signed the gas sale and purchase agreements with 11 power plants including Reliance Infrastructure. RIL will supply the gas from its KG-D6 block. The duration of the agreements is five years and the gas price will be decided ...

Reliance Industries is likely to reopen its shut petrol pumps within the next few days. Confirming the news one of the industry sources said that the petrol pumps will be reopened shortly as RIL can now sell fuel from its old refinery. The company has announced that the old refinery which was ...

Reliance Industries Ltd (RIL) has signed gas sale-purchase contracts with the 12 fertilizer firms. These firms have been chosen to receive the first produce from the RIL’s offshore Krishna-Godavari (KG) D6 fields on the east coast, a company official said. RIL is expected to start production ...

Reliance Industries Ltd. (RIL) is scheduled to start retail fuel operations from today (16th March). For retailing, RIL will buy auto fuel from Indian Oil Corporation (IOC) and Essar Oil. It is learnt that, initially the retail fuel operations will start in Gujarat and Maharashtra. Later RIL ...

India's largest private firm, Reliance Industries Ltd (RIL) on Monday (March 2) merged with its refinery subsidiary Reliance Petroleum Ltd (RPL). The merger will create one of the largest refineries in the world with a total refining capacity of 1.24 million barrels of crude a day. As per the ...

Reliance Industries Ltd (RIL) and Reliance Petroleum Ltd. (RPL) have informed the Bombay Stock Exchange (BSE) separately that they are going to be merged very soon. In the filing to the BSE both the companies have said that a meeting of the respective board of directors of the companies would be ...

Reliance Digital, the consumer electronics arm of Reliance Retail has tied up with REVA Electric Car Company (RECC) to sell electric cars across the country. Electric car Reva will be retailed through Reliance digital outlets existing in different parts of India. As per sources, initially Reliance ...

Reliance Petroleum has achieved a milestone by commissioning the world's largest refinery hub at Jamnagar in Gujarat on Thursday (December 25). The 580,000-barrel-a-day (29 million tonnes a year) refinery was commissioned in just 36 months. RPL's only-for-export refinery is built up near its parent ...

Reliance Industries Ltd., along with BP was awarded the Deep Water block KG-DWN-2005/2 offered under NELP VII. The agreement was signed today (23rd December) at New Delhi. RIL has 70% participating interest and BP holds the remaining 30% and is also the Operator of the block.
 
The block is ...

The Maharashtra-based Dabhol power plant is likely to get gas supply from Reliance Industries’ gas block in the Krishna-Godavari (KG)-D6 basin on a priority basis as the government has approved the plan. Due to lack of gas and failure of its turbines, the Dabhol power plant has never been ...

According to reports, Mukesh and Anil Ambani are ahead of the India-born steel tycoon in terms of losses suffered due to the global stock meltdown. Earlier, in March this year, American business magazine Forbes listed LN Mittal at top among India's rich followed by Mukesh Ambani, Anil Ambani, K P ...

Reliance Money has become the second largest shareholder in the commodity exchange by buying a 15 per cent stake in Hong Kong Mercantile Exchange (HKMEx). This announcement was made by company on October 14, 2008. However, nothing has been disclosed regarding the transaction. Hong Mercantile ...

Taking cognizance of offensive language used by brother Mukesh Ambani, Anil has charged for defamation in Mumbai High Court. According to reports, Anil has filed a defamation suite for Rs 10,000 crore. Admittedly, Mukesh Ambani in his interview to the New York Times several weeks ago had uttered ...

The Reliance Industries Ltd (RIL) has started pumping oil and natural gas from the Krishna-Godavari (KG) basin oil field off the Andhra Pradesh coast, which is really a landmark development. In a move that will strengthen India's security position tremendously, RIL said that it will start selling ...

After the Tatas, it seems it is the Reliance Group now that is going to face the ire of the villagers over SEZ. In a recent first-ever referendum involving farmers held in India, more than 6,000 farmers of 22 Raigad villages have expressed their dissent against the proposed special economic zone of ...

The Anil Ambani-owned Reliance Industries Ltd (RIL), which is the biggest private sector company in India, has taken into its fold two fully-owned subsidiaries in London and Singapore to tap the international petroleum products market. A statement issued by RIL informed that Peter Ward, the ...

A Bombay high court bench headed by Justice J N Patel has asked Ambani brothers to settle their issue of supply of natural gas in consultation with their mother Kokila Ben. The court is already tired of Ambani squabble, and the new direction has come in aftermath of the filing of case of non-supply ...

The Anil Ambani-owned Reliance Infrastructure is looking forward to forming a joint venture (JV) with the Shanghai Electric Corp of China. Sources inform that the motive behind this JV is to develop a power equipment plant in India worth 120 billion rupees or 2.8 billion by the year 2010. ...

The Anil Ambani owned Reliance Infrastructure has announced that its fiscal first quarter profit increased by 14 per cent. The company informed that this hike was made possible by higher operational efficiencies in power generation and higher orders for equipment. In the three months ended June 30, ...

According to RS Sharma, Chairman of ONGC, under new norms offshore oil and gas operations will collapse. Interestingly, the shipping ministry of India has issued some guidelines to offshore oil and gas operators which are regulatory in means and methodology. Earlier in the month of May this year, ...

The Reliance Industries USA has bought out Unifi Kinston’s polyester manufacturing facility sited in North Carolina at around US $12.2mn. The company has announced that it will spend around US $215mn on its new acquisition, which is expected to generate around 200 new jobs over the coming ...

The antagonism between industrialist brothers Anil and Mukesh Ambani seems to be increasing with every passing day. After the elder brother introduced a legal hassle in Anil Ambani’s merger talks with South Africa’s MTN telecom, the younger brother Anil too has now come up with a reason ...

The New York Times has compared industrialist Mukesh Ambani to father of the nation Mahatma Gandhi, for being a revolutionary thinker with bold ideas for what India ought to become. The richest person of India told the Times in a rare interview that his goals are for India’s benefit as much ...

The merger talks of Anil Ambani’s flagship company, Reliance Communications (RCom) with the MTN Group of South Africa, which is a major multinational mobile telecommunications company, could be in trouble. The enmity between the Ambani brothers – Anil and Mukesh – has resurfaced ...

Mukesh Ambani, the chairman of Reliance Industries Ltd (RIL) is now putting a strut in the proposed deal between younger brother, Anil Ambani’s Reliance Communications (RCOM) and South Africa’s telecom giant MTN. Mr. Mukesh Ambani in a letter to both RCOM and MTN has laid first claim on ...

The Mukesh Ambani led Reliance Industries Ltd. (RIL) has announced that it will sell gas produced from its KG Basin at a price which will be one-fifth of the international crude price. The RIL said it will sell gas at $4.2 per million British thermal unit (mmBtu) as per the wish of the Indian ...