Did the recent spectrum auction fail because reserve prices were too high or because the auction terms were badly designed? Maybe even deliberately... more »

Refuting allegations of sweetheart deal in award of KG-D6 block, the government has said Reliance Industries won the coveted area in an open international auction and the allocation was not made on nomination basis... more »

Reliance Industries today rejected charges of receiving favours from government for its KG-D6 gas project, saying allegations by India Against Corruption (IAC) were at the "behest of vested interests"... more »

Energy major Reliance Industries today reported a profit of Rs 5,376 crore for July-September, in line with expectation, up 20 percent on year and down 6 percent on quarter. The company’s net sales stood at Rs 93,265 crore compared with Rs 94,926 crore in the previous quarter and Rs 80,790 crore in the year-ago quarter... more »

Reliance Industries has become a member of the Dubai Mercantile Exchange (DME), the first major Indian company to participate directly in the global oil futures market. RIL became a member of DME yesterday as the 26th off floor (overseas) member. The Exchange had passed the three billion barrel trading mark in May this year and is growing fast, an .. more »

Eight Indian companies have made the cut in the list of world's 500 largest companies compiled by Fortune magazine, with Indian Oil and Reliance Industries finding a place in the top 100. Out of the eight, five are state-run entities. With an annual revenue of $86,016 million, Indian Oil has cornered the 83rd spot up from 98th place last year... more »

Anjani Mashelkar, Dr R. A. Mashelkar´s mother brought him up by facing all the odds that a poor widowed uneducated mother, moving to Mumbai with her only child, a six year old boy would face. And this she did with courage and dignity. She was all along concerned about the poor old people and always wanted him to do something about them.. more »

industry. P. M. S. PRASAD, EXECUTIVE DIRECTOR, RELIANCE INDUSTRIES LTD While the Government's loss is only lower profits, the contractor stands to lose his investment. Be it gas pricing or falling output from the country's largest gas fields, Mr P. M. S. Prasad, Executive Director, Reliance Industries Ltd, is held responsible for all. Once a .. more »

Reliance Industries Ltd (RIL), India’s most valuable company, said on Tuesday it will set up the country’s first butyl rubber facility by the second half of fiscal 2014, pushing back its earlier projection of commissioning the facility in 2013. The plant, to be built with an investment of $450 million, will come up at RIL’s integrated refini.. more »

The eventual realization of the deal between Mukesh Ambani-owned Reliance Industries Limited (RIL) and Robert Dudley-led London based energy giant BP Plc. was recently acknowledged by the UK based business and finance publication Euromoney as one of the winners of Euromoney Deals of the year 2011 award. The $9 billion deal, which caught global .. more »

Bond sales in dollars by Indian companies are outstripping loans for the first time in five years as banks worldwide lend less in response to Europe’s debt crisis and rising capital requirements. Borrowers have raised almost $1.7 billion in 2012, led by billionaire Mukesh Ambani’s Reliance Industries, which sold $1-billion worth of 10-year note.. more »