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Reliance Industries gains on reserves hopes

Friday June 14, 2013

Shares in Reliance Industries gained 1.7 per cent after its KG-D6 block partner Niko Resources said its proved reserves increased by 160 per cent, and that a recent gas discovery in the D6 block off the east coast could add significantly to future re...

Reliance to invest Rs 1.5 lakh crore over three years; tight-lipped on 4G

Thursday June 6, 2013

Reliance, India's fourth-largest company by market value, has been under pressure from investors worried by its slowing natural gas business and its drive into consumer sectors such as telecom and retail.

Higher natural gas price to boost RIL profit in FY15: Fitch

Tuesday June 4, 2013

Fitch Ratings said on Tuesday that a higher natural gas price will help improve Reliance Industries' profitability in fiscal year 2014-15 and would lead it to invest more in raising production.

Why RIL's new gas find at KG-D6 may be a game changer

Monday May 27, 2013

RIL's significant gas and condensate discovery in the KG-D6 block may be a game-changer for the flagging eastern offshore block with analysts estimating that the find will help reverse the falling trend in gas output.

RIL-BP reports huge gas discovery in KG-D6 block

Sunday May 26, 2013

Reliance Industries (RIL) announced on Friday a huge natural gas discovery in the flagging eastern offshore KG-D6 block that will be key to arresting falling output.

RBI to cut rates by 25 bps each in June, July: BofA-ML

Wednesday May 15, 2013

The investment bank cites lower-than-expected wholesale price inflation data on Tuesday as the reason behind its expectations of early rate cuts.

BP surrenders 12 oil, gas blocks

Friday May 10, 2013

UK's BP Plc has relinquished, or surrendered, 12 out of the 21 oil and gas blocks where it had bought 30 per cent stake from Mukesh Ambani-led Reliance Industries Ltd (RIL) for $7.2 billion, due to poor hydrocarbon prospects.

Reliance Industries to invest $5 bn in reversing KG-D6 output fall

Thursday May 9, 2013

While RIL-BP have planned various activities including work-overs, side tracks and compressor addition to maximise recovery from the existing wells, new production would be added in 4-5 years using existing infrastructure, he said.

RBI cuts repo rate by 25 bps, says little room for more easing

Friday May 3, 2013

The RBI warned that the risk of inflationary pressure persists despite a recent sharp decline in wholesale price index inflation, and said a high current account deficit poses the biggest risk "by far" to the Indian economy.

Goldman now expects 50 bps rate cut by mid-2013

Tuesday April 23, 2013

"This is due to a weak inflation print in March and the sharp recent declines in the prices of oil, gold, and the trade deficit, which suggest a near-term improvement in the current account deficit," the investment bank said in a note.

Lakshmi Mittal tumbles to 4th position on Sunday Times Rich List 2013

Monday April 22, 2013

Indian-origin steel tycoon Lakshmi Mittal, who spent eight years at the top of the Sunday Times Rich List, has dropped down to fourth position this year, while leading NRI industrialist Lord Swraj Paul has emerged as the wealthiest Peer in the House ...

Three years after Gulf spill, BP fights billions in fines

Agence France-Presse | Thursday April 18, 2013

Three years after a deadly explosion on a BP-leased drilling rig unleashed the worst environmental disaster in US history, the British energy giant is fighting to avoid billions in fines.

Reliance posts 32% jump in net profit: milestones of an oil giant

Wednesday April 17, 2013

Reliance Industries Ltd (RIL) posted a 32 per cent jump in its fourth quarter net profit, the biggest increase in almost three years, as strong margins in its oil refining business helped offset fall in natural gas production. RIL, which operates the...

A rate cut in May is likely, but not a done deal: Nomura

Tuesday April 16, 2013

We attach an 80 per cent probability that the RBI will cut the repo rate by 25 bps on May 3, followed by a long pause, Nomura said.

RIL, BP seek clarity on natural gas pricing

Monday April 15, 2013

Mr Dudley, on a stop-over visit on way to Shanghai, along with Ambani drove to Planning Commission deputy chairman Montek Singh Ahluwalia's residence for a breakfast meeting this morning and had sought a meeting with Law Minister Ashwani Kumar.