Some of India’s top companies including the Tatas, the Birlas and Mukesh Ambani’s Reliance Industries have either sold their assets abroad or have asked bankers to find buyers this year in order to service their debt and to exit from
BP plc has written down the value of its shareholding in the eastern offshore KG-D6 block by $770 million dollar following a lower-than-expected gas price hike which it saw as a transition to market-based pricing.
Shares of Reliance Industries (RIL) has dipped nearly 3% at Rs 913, its lowest level since March 31 this year on BSE on reports that the company will not get the new gas price for its currently producing Dhirubhai-1 and 3 gas fields in eastern offshore
The much-awaited decision on gas prices has finally come. However, production is unlikely to increase in the near term. The decision to raise the price from the current $4.2/mBtu to $5.61/mBtu will impact three of India's upstream companies differently.
The Centre's move to increase natural gas prices to $5.61 per million British thermal units (mBtu) from November 1 would be a negative for Reliance Industries Ltd (RIL), analysts said, as RIL would continue to get the current rate of $4.2 till it made
The Delhi High Court was today informed by the city government that its Anti-Corruption Branch has the power to probe the case against RIL and former UPA ministers Veerappa Moily and Murli Deora relating to alleged irregularities in raising price of gas
Reliance Industries Ltd (RIL) is planning to sell its 45 per cent stake in the US' Eagle Ford shale acreage for around $4.5 billion; it has mandated Citigroup and Bank of America Merrill Lynch to find a buyer.
India's Reliance Industries Ltd is seeking a buyer for its stake in the Eagle Ford Basin oil and natural gas joint venture with Pioneer Natural Resources, a sale that could raise up to $4.5 billion, according to people familiar with the matter.
The Securities and Appellant Tribunal (SAT) on Friday admitted a plea by Reliance Industries (RIL) against a Rs 13 crore penalty imposed by capital market regulator Securities and Exchange Board of India (Sebi).