×

Oil and Gas Mukesh Ambani

  • NEW DELHI, June 15- BP and Reliance Industries said on Thursday they would invest $6 billion to boost India's gas output from an east coast block and expanded their tie-up to feed the South Asian nation's rising fuel and renewable energy demand. India is replacing China as the driver of fuel demand growth globally. The International Energy Agency expects India...

  • MUMBAI, May 29- Indian mobile carrier Reliance Communications' shares and bonds resumed their slide on Monday as concerns over its heavy debt load were reignited after a fourth-quarter loss that sent the company to its first full-year loss. Banking sources told Reuters that the company is running behind on some loan repayments, though Reliance-- backed by...

  • MUMBAI, May 29- Indian mobile carrier Reliance Communications Ltd saw its shares and bonds plunge on Monday after it posted a fiscal fourth-quarter loss and its first-ever full-year loss over the weekend, sparking renewed fear about its heavy debt load. Banking sources told Reuters that the company, backed by billionaire Anil Ambani and widely known as RCom, is...

  • *New sales tax billed as India's biggest tax reform. The biggest argument in favour of the GST- India's biggest tax overhaul since independence in 1947- is that it would make it easier to do business by simplifying the tax structure and compliance. But the political challenges of striking a compromise between Prime Minister Narendra Modi's central government...

  • MUMBAI, Feb 21- Reliance Industries' Jio telecoms unit will charge for its services from April, ending an almost seven month spree of free calls and data that shook up India's telecoms sector and helped the new arrival rack up more than 100 million users. The shift to paid services, even at a sharp discount to established players, will test the appeal of Jio and the...

  • *Deal would reduce intense competition in India- analysts. LONDON/ MUMBAI, Jan 30- Britain's Vodafone Group confirmed on Monday it was in talks to merge its Indian subsidiary with local rival Idea Cellular in an all-share deal that would create a new market leader better able to contest a brutal new price war. Last year the market was thrown into fresh turmoil with...

  • LONDON/ MUMBAI, Jan 30- Britain's Vodafone Group confirmed on Monday it was in talks to merge its Indian subsidiary with local rival Idea Cellular in an all-share deal that would create a new market leader better able to contest a brutal new price war. Last year the market was thrown into turmoil again with the arrival of new competition from Reliance Jio Infocomm,...

  • MUMBAI, Jan 24- Bharti Airtel, India's largest telecoms network operator, reported its lowest profit in four years as competition from a new rival hit revenues that were also affected by a cash crunch, after the federal government scrapped high-value banknotes. A brutal price war has ensued in India's mobile phone market since the entry late last year of...

  • GANDHINAGAR, Jan 10- Indian Prime Minister Narendra Modi told a gathering of business leaders on Tuesday that the country was on the verge of becoming the world's most digitized economy, and avoided direct mention of the economic hit from demonetisation. Speaking at India's biggest investor summit, organized in his home state of Gujarat, the 65- year-old said...

  • Samsung, the single most popular smartphone brand in India, commanded a roughly 30 percent market share just over a year ago. "In a country like India, there are two religions- one is Bollywood and the second is cricket," said Arvind R Vohra, Gionee's India head, noting that both avenues have helped popularize its brand. Chinese brand executives said innovative...

  • MUMBAI, Jan 3- Bharti Airtel Ltd, India's top wireless carrier, said on Tuesday it would offer free data to woo new and existing 4 G customers, intensifying a price war in the sector and sending share prices tumbling. The package is Bharti's latest response to the entry last year of new operator Reliance Jio, backed by billionaire Mukesh Ambani, which shook India's...

  • India's Reliance Industries plans to invest about $13 billion in energy projects, including a 400,000 barrels per day crude refinery.

  • Does India Have Too Many Billionaires?

    New data reveal a staggering increase in billionaires’ wealth as a percentage of national income in India to a whopping 22 percent in 2008.

  • NEW DELHI/ MUMBAI, Oct 29- India's new oil minister has promised to speed decision making in an effort to attract foreign investment, and will push domestic oil companies to aggressively bid for foreign oil and gas assets to meet growing energy demand.

  • NEW DELHI/ MUMBAI, Oct 29- India's new oil minister has promised to speed decision making in an effort to attract foreign investment, and will push domestic oil companies to aggressively bid for foreign oil and gas assets to meet growing energy demand.

  • MUMBAI, India-- India's Reliance Industries on Monday reported a 5.7 percent slide in September quarter profits from a year ago, as the company scales back investment in India's largest oil and gas fields.

  • Gautam Singhania, Chairman and Managing Director (CMD) of Raymond Ltd sitting in his Challenger 604 Aeroplane in Mumbai, Maharashtra, India (Bhaskar Paul | The India Today Group | Getty Images)

    A record harvest of wealth in India - more than 50 billionaires in the Forbes 2011 World Rich list and hundreds of multi-millionaires - is fueling an insatiable appetite for luxury goods from villas and fast cars to the ultimate symbol of status and power - a private jet.