A bench of Justices R F Nariman dealt with the larger question and held that an award of an EA of a foreign country is enforceable under the Indian Arbitration and Conciliation Act despite the fact that the term EA is not used in arbitration laws here.
Reliance took a beating on the rankings as revenues dropped owing to the COVID-19 pandemic. This is its lowest ranking since 2017.
A Bench headed by Justice Rohinton F Nariman after hearing arguments of all parties in the case reserved its verdict.
At the company's AGM of shareholders last month, Ambani announced a plan to invest Rs 75,000 crore in a new energy business over the next 3 years in the next stage in its transformation.
Mukesh Ambani told shareholders that RIL is expected to sell 20 per cent stake in its oil-to-chemical unit to Saudi Aramco
The "extremely affordable" smartphone will have cutting-edge features, including voice assistant and language translation, among others, he said.
The Reliance Group has the largest family of retail shareholders in India, with around 33 lakh retail shareholders in Reliance Power, 9 lakh in Reliance Infrastructure and 8 lakh in Reliance Capital.
The funds raised would be utilised for long term resources, for general corporate purposes, fund future growth, and also to reduce debt.
Since 2017, Reliance Industries Ltd along with its JV Partner bp had embarked on concurrent development of three deep water fields in the Krishna Godavari basin block.
The list is topped by US giant Walmart Inc, which retains its position as world's top retailer.
Total expenses including fuel and finance costs came down to Rs 1,648 crore from Rs 2,334 crore in Q4 FY20.
The TIME100 most influential companies list says that over the past few years, Reliance Industries has built India's largest 4G network.
The UK-based firm, which owns a hotel and golf course in Buckinghamshire, UK, will add to Reliance's consumer and hospitality assets, the firm said in a filing late on Thursday.
The deal was to conclude by March 2020 but has been delayed for reasons not disclosed by either company.
The vaccination drive will cover all employees of the company's oil and chemical division, retail unit and telecom venture Jio, their associates, and their registered dependents.
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