Reliance Industries

Reliance Benefits From Oil Prices

Law Blog - WSJ.com (Free subscription) | 07/24/2008

Reliance Industries reported a 13% increase in its quarterly net profit.

Mukesh's RIL plunges 7% on BSE

Daily News Analysis (Free subscription) | yesterday

A day after it announced its first quarter results, Mukesh Ambani-led Reliance Industries on Friday plunged over 7 per cent amid a weak Mumbai market.

RIL basks in refinery glory

The Telegraph India (Free subscription) | yesterday

Mumbai, July 24: Strong refining margins have helped Reliance Industries Ltd (RIL) to meet street expectations on its first-quarter numbers.

RIL profit spurts 13 per cent

Indian Express (Free subscription) | yesterday

Reliance Industries Ltd, the biggest private sector company in India, met forecasts with a 13 per cent rise in quarterly profit as strong refining margins...

• RIL Q1 net rises to Rs. 4,110 crore - Hindu
• RIL Q1 net up 13 pc at Rs 4,110 cr - Times of India

Reliance gas dispute case to be heard daily

India eNews: Top Headlines (Free subscription) | 07/23/2008

The Bombay High Court will hear on daily basis the dispute over gas supplies from the Krishna-Godavari basin between the Anil Ambani-led Reliance Natural Resources Ltd (RNRL) and Mukesh Ambani's Reliance Industries Ltd (RIL) from Thursday.

Hearing on dispute over Reliance gas adjourned till Wednesday

India eNews: Top Headlines (Free subscription) | 07/22/2008

The Bombay High Court Tuesday adjourned by a day the hearing of a dispute between Anil Ambani-led Reliance Natural Resources Ltd (RNRL) and Mukesh Ambani's Reliance Industries Ltd (RIL) over gas supplies from the Krishna-Godavari basin.

• RIL-RNRL gas dispute hearing adjourned till tomorrow - Times of India
• After MTN, battle lines drawn over gas - The Telegraph India

Tatas, RIL bid for coal-to-oil blocks

Daily News Analysis (Free subscription) | 07/22/2008

India's largest private sector companies, including the Tata group and Reliance Industries, have applied for allocation of captive coal blocks

MTN hangs up but Ambanis carry on the squabble

Indian Express (Free subscription) | 07/20/2008

A day after Reliance Communications's talks with South African telecom operator MTN failed, with both sides mutually deciding to allow the exclusivity agreement to lapse, AAA Communications, ADAG's investment arm, replied to Reliance Industries Ltd saying it was not covered by any alleged right of first refusal to RIL and was free to deal with RComm shares as it deemed fit.

Reliance and SAfrica's MTN end merger talks

Business Times Asiaone (Free subscription) | 07/20/2008

(MUMBAI) Reliance Communications, India's second-largest mobile phone operator, and South Africa's MTN Group have ended discussions to combine their operations following threats from Reliance Industries to block the transaction.

‘RIL Has No First Right Of Refusal On RCOM Shares’

NHatky (Free subscription) | 07/20/2008

NEW DELHI: Anil Dhirubhai Ambani Group (ADAG) company, AAA Com, which owns 63.38% of the paid up capital of Reliance Communication Ltd (RCOM) on Saturday charged Mukesh Ambani's Reliance Industries with causing it substantial damage. AAA Com claimed that RIL's 'malafide' interference had derailed merger negotiations between RCOM and MTN. The ...

• 'RIL has no first right of refusal on RCOM shares' - Times of India

RIL not to withdraw arbitration process

Sify (Free subscription) | 07/20/2008

Reliance Industries (RIL) will not withdraw the arbitration process it has initiated against Reliance Communications (RCom) even though the RCom-MTN talks have been called off, sources close to the disputing parties indicated.

Reliance Communications-MTN mutually end tie-up talks

tech.clickjobs.com (Free subscription) | 07/19/2008

Reliance Communications and South Africa’s MTN on Friday mutually ended tie-up talks after Mukesh Ambani-owned Reliance Industries (RIL) on Thursday started arbitration proceedings against younger brother Anil’s RCom to thwart the latter’s merger with Africa’s largest telco. RCom said that it is unable to presently conclude the deal due to regulatory issues. The No. 2 mobile carrier [...]

MTN-RCOM deal in snag (India)

Wireless Federation (Free subscription) | 07/18/2008

The Ambani Feud is again knocking the headline with the issue of RCOM (Reliance Communication) striking a merger/takeover deal with South African telecom giant MTN. Reliance Industries (RIL), controlled by Mukesh Ambani, has initiated arbitration proceedings against Reliance Communications (RCOM) owned by his younger brother Anil Ambani. RCOM has slammed the move saying, “It’s legally [...]

Mukesh makes arbitration move

The Telegraph India (Free subscription) | 07/18/2008

Mumbai, July 17: Mukesh Ambani-owned Reliance Industries Ltd (RIL) today appointed former Supreme Court judge B.P. Jeevan Reddy as its arbitrator in the festering dispute with Reliance Communications Ltd (R-Com).

GSPC to invest $1 billion in KG basin

Hindu (Free subscription) | 07/18/2008

Reliance Industries’ East-West pipeline to transport gas to Gujarat