Friday, January 21, 2022


Reliance to conclude Aramco deal this year; Aramco rep on co board

Mukesh Ambani told shareholders that RIL is expected to sell 20 per cent stake in its oil-to-chemical unit to Saudi Aramco

‘JioPhone Next’ to be most affordable smartphone: Mukesh Ambani

The "extremely affordable" smartphone will have cutting-edge features, including voice assistant and language translation, among others, he said.

Healthy Outlook: Jefferies maintains buy on RIL, cited demand upside

Besides, the report pointed out that sustained strong petrochemical performance has improved the likelihood of O2C stake sale in FY22.

India’s gas output rises 23% as RIL-BP fields start production

India's crude oil production, however, slipped 2 per cent to 2.49 million tonnes as state-owned ONGC and Oil India Ltd (OIL) produced less.

Reliance, bp start 2nd new deepwater gas field in KG D6 block

Accordingly, RIL and bp have been developing three deep-water gas developments in block KG D6 - 'R Cluster, Satellite Cluster and MJ' - which together are expected to produce around 30 mmscmd.

Reliance gets nod for hiving off O2C business

To spin-off oil refining, fuel marketing and petrochemical business into an independent unit with a $25 bn loan from the parent

SEBI nod to Future Group-Reliance Retail deal

While giving the approval, the SEBI listed a number of conditions in accordance with the Composite Scheme of Arrangement.

RIL, BP produce gas from Asia’s deepest project

RIL and BP are developing three deepwater gas projects in block KG D6 – R Cluster, Satellites Cluster and MJ – which together are expected to meet 15 per cent of India's gas demand by 2023

Verdict on Amazon arbitration plea expected soon

Hearing of the arbitration took place at the Singapore International Arbitration Centre after Amazon had slapped a legal notice on Future Group, alleging that the retailer's Rs 24,713 cr asset sale to RIL violated an agreement

Reliance Retail receives Rs 5,550 cr from KKR

. Earlier, on September 23, RIL had announced that KKR will make the investment in its subsidiary Reliance Retail Ventures Ltd (RRVL) to buy 1.28 per cent equity stake

Reliance raises Rs 7,350 crore from 2 investors

The investments value Reliance Retail at a pre-money equity value of Rs 4.285 lakh crore.

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