Oil and Gas Mukesh Ambani

  • MUMBAI, Oct 18- Indian oil-to-telecoms conglomerate Reliance Industries said strong growth in its consumer-facing businesses lifted second quarter net profit by 18.3% year-on-year to a record total. Consolidated net profit rose to 112.62 billion Indian rupees in the three months ended Sept. 30, the country's largest company by market value said on Friday.

  • MUMBAI, Sept 19- India's Eros Now said on Thursday it is tying up with Microsoft's Azure cloud platform to host and stream its digital video offerings, in a boost to the U.S. software giant's push to expand in the Indian market. This is one of Microsoft's first forays into India's crowded digital video space, so far dominated by market leader Amazon Web Services that...

  • MUMBAI, Sept 5- India's Reliance Industries Ltd is looking to buy fashion and child-focused retailers abroad and partner with global sports and beauty brands as part of its expansion into consumer markets, a top executive told Reuters. Reliance Brands already runs high-end stores in India with some 40 foreign partners, including British label Burberry,...

  • MUMBAI, Aug 12- Reliance Industries said it would launch super-fast internet in India next month, stressing that partnerships would be its path to growth as it announced a tie up with Microsoft and a stake sale in its oil unit to Saudi Aramco. The cloud services partnership with Microsoft Corp underscores Ambani's ambitions to go toe-to-toe with Amazon, which...

  • MUMBAI, Aug 12- Reliance Industries unveiled plans to launch high-speed internet services in India, a tie-up with Microsoft and a stake sale in its oil business to Saudi Aramco, underscoring billionaire Chairman Mukesh Ambani's ambitions for the group. The deal, which values Reliance's oil-to-chemicals business at $75 billion including debt, also includes...

  • DUBAI, Aug 12- Top oil producer Saudi Aramco maintained its position as the world's most profitable company on Monday even as it reported a 12% drop in first-half net income to $46.9 billion due to lower oil prices. Aramco said it generated total revenues, including other income related to sales, of $163.88 billion in the first half of this year, down from $167.68...

  • BENGALURU, Aug 7- India's Reliance Industries Ltd is partnering with iconic U.S.-based luxury jeweler Tiffany& Co to open a line of stores in the country, adding yet another marquee name to its growing portfolio of brands. Tiffany, popular for its engagement rings and robin's egg blue boxes, plans to open stores in New Delhi and Mumbai in the second half of fiscal...

  • NEW DELHI, Aug 2- Amazon.com Inc is in talks with Reliance Industries Ltd's retail unit to buy a stake in India's biggest brick-and-mortar retailer, two sources with knowledge of the talks told Reuters on Friday. More importantly, a partnership would help the duo counter Walmart, which last year invested $16 billion in India's Flipkart, in the battle for a bigger...

  • NEW DELHI, July 25- Saudi Arabia's Energy Minister Khalid al-Falih said state-run Saudi Aramco's talks with Reliance Industries to buy a minority stake in the Indian conglomerate's refining assets have not stalled. Reliance, controlled by Asia's richest man Mukesh Ambani, operates the world's biggest refining complex with capacity to process 1.4 million...

  • *Aramco had been in talks for at least 20% of refining SPV. NEW DELHI/ DUBAI, July 23- India's Reliance Industries talks to grant a minority stake in its refining assets to Saudi Aramco have hit a roadblock over the valuation and structure of the deal, two people familiar with the matter said. Reliance, controlled by Asia's richest man, Mukesh Ambani, operates the...

  • MUMBAI/ BENGALURU, July 19- Reliance Industries Ltd's June-quarter profit rose 7%, as double-digit growth in the Indian conglomerate's retail and telecoms businesses helped offset its worst oil refining margins in 18 quarters. The company, led by Asia's richest man Mukesh Ambani, said on Friday revenue from its retail and telecom operations jumped over 40%...

  • The Mumbai- headquartered company, led by Asia's richest man Mukesh Ambani, said on Friday revenue from its retail and telecom operations jumped 47.5% and 44%, respectively, in the three months to June, helping overall revenue from operations climb 21.3% to 1.61 trillion rupees. Separately, Reliance Industries said Canada's Brookfield Asset Management will...

  • MUMBAI/ NEW DELHI, June 4- India's top telecom lobby said the government's proposed base price for the auction of spectrum for next-generation 5 G networks is too high as India outlined plans to launch the sale process this year. The proposed auction price will be a "serious impediment" to the uptake of 5 G in India, said Rajan Mathews, director general of lobby group...

  • Mukesh D. Ambani, chairman of Reliance Industries Ltd., attends the Ajay Mushran Memorial Lecture in New Delhi, India, on Sunday, July 10, 2011.

    With Amazon and Walmart facing regulatory hurdles in India, Reliance's Mukesh Ambani is gearing up to launch an e-commerce platform.

  • An employee of Amazon India retrieves products from an assorted storage area to fulfil orders placed by customers prior to packaging at Amazon's newly launched fulfilment centre on the outskirts of Bangalore on September 18, 2018.

    New Delhi published new draft policies that called for data to be stored locally and for the setting up of more data centers and server farms within India.

  • 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.