Reliance Industries
RIL sells US shale asset at $126 mn after buying it for $392 mn
07 Oct 2017
The US shale market has become highly competitive and companies have cut costs to stay afloat after a slump in crude oil and gas prices
Reliance acquires Kemrock in auction-sale by lenders
07 Sep 2017
Kemrock’s total liabilities include lenders’ claims of Rs1,652.18 crore, Rs1.41 crore dues to the EPFO, Rs205.77 crore excise and customs duty dues and a VAT liability of Rs82.16 crore
Jio launches ‘effectively free’ 4G phone; data starts at Rs24
21 Jul 2017
At Rs153 a month (with free-for-ever voice and Rs24 per GB data), it is only 3 per cent of the existing price, putting an end to unaffordable data for all Indians forever, chairman Mukesh Ambani said
RIL consolidated Q1 net hits record Rs9,108 cr as refinery margin swells
21 Jul 2017
RIL said its consolidated profit was also boosted by robust growth in retail business, which recorded a 73.6 per cent increase in revenue to Rs11,571 crore
