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RIL bets big on start-ups to help lob India into global league

Last Updated: Friday, September 11, 2015, 10:03

Reliance Industries has expressed its readiness to pump in more money to create an ecosystem to build high-value start-ups with an objective to put the country on the global map as a start-up and innovation hub at par with Israel and the Silicon Valley by 2022.

ONGC-RIL gas siphoning row: HC disposes of PSU's plea

Last Updated: Thursday, September 10, 2015, 22:22

Delhi High Court today disposed of ONGC's petition accusing RIL of "deliberately disgorging" natural gas worth Rs 30,000 crore from the PSU's well in the Krishna-Godavari (KG) basin, by asking the Centre to take a decision once it gets the report of an expert panel set up to examine the issue.

RIL tests presence of natural gas in contentious discoveries

Last Updated: Sunday, September 6, 2015, 10:41

RIL last week completed Drill Stem Test (DST) on the Dhirubhai-29 (D-29) gas discovery that established presence of hydrocarbon, sources privy to the development said.

Govt allows RIL to sell LPG to private marketers

Last Updated: Monday, August 31, 2015, 19:06

The government has permitted Reliance Industries to sell up to 1.2 lakh tonnes of LPG produced at its plants to private cooking gas marketers.

Payments bank licence to leverage telecom, retail biz: RIL

Last Updated: Friday, August 21, 2015, 19:30

RIL on Friday said the payments bank licence will "leverage" its telecom business Reliance Jio's pan-India network and retail arm's model, even as its tie-up with SBI will help create the most extensive distribution network in India.

RIL raises $225 million through overseas bond issue

Last Updated: Thursday, August 20, 2015, 12:31

Reliance Industries Ltd (RIL) on Thursday said it has raised USD 225 million (about Rs 1,468 crore) through overseas bond issue due in 2026, guaranteed by the Export-Import Bank of the United States.

RIL loses most profitable tag again, this time to IOC

Last Updated: Sunday, August 16, 2015, 19:00

Within two quarters of losing its 23-year-old reign as the country's most profitable company to TCS in the December quarter, Reliance Industries was again humbled in the June quarter, this time by Indian Oil.

HC to decide on Aug 11 bench to hear RIL, Centre pleas

Last Updated: Thursday, August 6, 2015, 22:13

The Delhi High Court Thursday said it will decide on August 11 the bench that will hear RIL and the Centre's pleas against the city government's decision to lodge an FIR against two former Union ministers in connection with alleged irregularities in raising the price of gas from the company's KG6 basin.

Govt recovers Rs 368 crore additional profit from RIL

Last Updated: Monday, August 3, 2015, 17:28

Government has recovered nearly a third of the USD 195.34 million additional profit it is claiming from Reliance Industries' KG-D6 field as a result of penalty imposed for gas output lagging targets, Oil Minister Dharmendra Pradhan said Monday.

Reliance Jio to raise fresh debt of Rs 1,000 crore

Last Updated: Friday, July 31, 2015, 18:12

Gearing up for the launch of its low-cost 4G services, RIL's telecom arm Reliance Jio Infocomm plans to further raise Rs 1,000 crore through Non-Convertible Debentures to fund its business expansion.

Reliance Jio to raise Rs 3,500 cr debt

Last Updated: Thursday, July 30, 2015, 17:05

Ahead of launching commercial operations of 4G services, Reliance Jio Infocomm Ltd, the telecom arm of Reliance Industries Ltd, plans to raise Rs 3,500 crore debt to fund roll-out expenses.

RIL may post 10% growth in earnings this fiscal: Brokerages

Last Updated: Monday, July 27, 2015, 18:25

Reliance Industries Ltd (RIL) is likely to post 10 percent growth in earnings this fiscal on strong refining and petrochemical margins, analysts and leading brokerages said on Monday.