Reliance and BP split Niko's share in proportion to their existing shareholding in the block
Govt's gas pricing policy, however, provides for a higher cap price for future gas produced from difficult fields like those in deepsea
On Thursday, Mukesh Ambani-controlled Reliance Industries (RIL), commercially rolled out its fiber optic network - Reliance JioFiber - offering six plans for the consumers to choose from.
The refinery has annual crude oil throughput of 20 million tonnes, importing it from various regions
Reliance predicted in 2014 that the project would boost Jamnagar's refining margins by about $2 a barrel, but Centrum Broking Ltd now sees an uplift of $1.30 to $1.50 by the 2021-2022 fiscal year
RIL announced agreeing to a non-binding letter of intent from Saudi Aramco regarding proposed investment in its refining, petrochemicals, and fuel marketing business
The promise of higher dividend payouts in future will enhance its attractiveness
Mukesh Ambani has credited his children, Isha and Akash, with helping to nudge him into the internet business.
From govt moving closer to a complete exit from Air India to the grumble of economic slowdown getting louder for corporate India, here are the top business headlines for Friday
Aramco's plan to buy 20% of the oil-to-chemicals business of Reliance comes with an assurance to buy half a million barrels a day of the kingdom's crude on a long-term basis
The big question is how far India has become a favoured destination for the oil refineries to uproot their investments from Europe and elsewhere to plug and play here
The key trigger for the stock is RIL's aim to be debt-free by March 2021
The key trigger for the stock is the acquisition of a 20 per cent stake in RIL's refining and petchem business by Saudi Aramco at an enterprise value of $75 billion
Ambani has done well to reduce indebtedness
The oil-to-chemicals division of RIL comprises refining, petrochemicals, and fuel marketing businesses
The O2C business has been the cash churner for RIL, say senior company officials
Aramco agreed to buy a 20% stake in Reliance's oil refining and petrochemicals division
The statement came in the wake of rising debt at the group level that reached a level of group Rs 1,54,478 crore in the last financial year
As part of the deal, Saudi Aramco will supply 500,000 barrels per day of crude oil to Reliance's twin refineries at Jamnagar in Gujarat
The 25 wealthiest dynasties on the planet control $1.4 trillion