Page 39 - Reliance Industries

Reliance, BP to get govt capped price of $4.06 for new gas from KG-D6

Reliance-BP in November 2019 auctioned initial gas from the R-Series field at a biddable percentage of Brent crude oil price

RIL, BP find gas from KG Basin's R-cluster, Asia's deepest offshore field

The two companies are developing three deepwater gas projects in block KG D6, which together are expected to meet 15 per cent of India's gas demand by 2023

Top headlines: RIL, BP announce major gas find, Modi assures farmers on MSP

Business Standard brings you top news of the evening

Not in India's DNA to be deterred by Covid, Ambani tells Zuckerberg

Crises are too precious to be wasted, as they present an opportunity for new growth, RIL chief Mukesh Ambani tells Facebook CEO Mark Zuckerberg. Read full transcript of the discussion

IPO fundraising more than doubles to Rs 45,000 crore in 2020: KIB

The companies had raised Rs 20,300 crore through IPO route in 2019

JioMart a real juggernaut, but needs to broaden its customer base

Facing stiff competition in BigBasket and Grofers, as well as Swiggy and Zomato, thanks to its late entry

Heritage Foods exits Future Retail; sells its entire holding for Rs 132 cr

Heritage Foods has sold its entire holding representing over 3 per cent stake in Kishore Biyani-led Future Retail for around Rs 132 crore in the open market to mainly repay its long term loans.

Amazon may invest $100 million in India's Apollo Pharmacy: Report

Amazon is considering a nearly $100 million investment in India's Apollo Pharmacy, facing up to Reliance Industries and Tata Group in the country's fast-growing drug market, a report said

Reliance now a key player in realty space with Rs 40,000-cr assets

Corporate parks, commercial complexes in Haryana, Maharashtra find takers

Top headlines: EPFO at 8.5% for private sector; steel capacity set to fall

From subscribers likely to get 8.5% EPF savings interest at one go on 'market boost' to Serum in talks to finalise Covid-19 vaccine price, here at top headlines this morning

Need urgent policy reforms for accelerated 5G rollout, says Mukesh Ambani

Jio will pioneer the 5G revolution in India in the second half of 2021, he said.

Reliance Industries up 3% on 5G plans; sees rollout in second half of 2021

Early this year, Mukesh Ambani had announced Reliance Jio's commercial pact with Google to jointly develop entry-level affordable 4G and possibly 5G smartphones for a '2G mukt Bharat'

Jio to roll out 5G services in India in second half of 2021: Mukesh Ambani

"I assure you that Jio will pioneer the 5G Revolution in India in the second half of 2021. It will be powered by indigenous-developed network, hardware and technology components," Ambani said

India rally could continue next year with banks taking over as RIL peaks

Reliance has accounted for nearly a fifth of the 75 per cent surge in the S&P BSE Sensex from its March bottom

The next online tonic: E-majors, corporate giants eye e-pharmacy business

Amazon, Reliance recently announced their foray into e-pharma sector

RIL raises $1.4 bn in overseas debt to prepay Reliance Holding's loans

14 banks signed up for a deal last week that will give RIL the distinction of raising the highest debt from international lenders by an Indian firm

RIL's multi-billion-dollar deals help Morgan Stanley top M&A league table

The US-based bank has advised 25 transactions with values touching as much as $28 bn; BoFA is second in the chart

NCLT Mumbai approves RIL arm's resolution plan for Reliance Infratel

The National Company Law Tribunal (NCLT) has approved a resolution plan for Reliance Infratel submitted by a group entity of Reliance Industries, according to a regulatory filing. "... the resolution plan submitted by Infrastructure Projects - a division of Reliance Projects & Property Management Services Limited, a wholly owned subsidiary of Reliance Industries Limited, for the resolution of Reliance Infratel Limited, under the corporate insolvency resolution process of the Insolvency and Bankruptcy Code 2016, has been approved by the Hon'ble National Company Law Tribunal... Mumbai bench vide its Order dated December 3, 2020," RIL said in a late evening filing on Friday. Reliance Communications' telecom infrastructure arm Reliance Infratel has around 43,000 towers and 1,72,000 route kilometres of fiber. Lenders are expected to get around Rs 4,400 crore from the resolution process, sources had earlier said. The resolution plan was approved by 100 per cent votes of the committee of

Future-Reliance deal: Regulator Sebi awaits clarification before go-ahead

In August, Reliance Industries announced acquisition of Future Group for Rs 24,713 crore to bolster its fast growing retail business.

Is Reliance Industries' stock consolidating ahead of its next big up move?

The next positive catalyst may be a sharp refining margin recovery, which is more of a H2CY21 story, says JP Morgan