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Oil and Gas Mukesh Ambani

  • MUMBAI, Sept 14- Shares in Indian telecoms company Reliance Communications Ltd extended losses on Thursday, falling nearly 3 percent, a day after the local arm of Sweden's Ericsson filed a plea with an insolvency court against Reliance Communications. The company, controlled by Anil Ambani, has been hit by free voice and cut-price data plans offered by the...

  • MUMBAI, Sept 13- Ericsson's Indian subsidiary has filed insolvency petitions against Reliance Communications and two of its companies to recover unpaid dues, the Indian mobile operator said in a stock exchange filing on Wednesday. The filing said the Ericsson case would go before the National Company Law Tribunal, the designated court for bankruptcy cases...

  • MUMBAI/ SINGAPORE, Aug 23- India's Reliance Industries Ltd expects to increase operating profit and naphtha exports as it switches to cheaper ethane at its petrochemical projects, a company executive said on Wednesday. Reliance's annual naphtha exports will rise by 500,000 tonnes this fiscal year, said Vipul Shah, chief operating officer for petrochemicals...

  • MUMBAI, July 21- India's disruptive new mobile entrant Reliance Jio, backed by the country's richest man Mukesh Ambani, unveiled a low-cost 4 G-enabled phone on Friday to woo tens of millions of new customers, further destabilising established telecoms players. Despite Jio's rapid rise, funded by mega-profits churned out by parent Reliance Industries' core...

  • MUMBAI, July 21- India's disruptive new telecom entrant Reliance Jio, backed by the country's richest man Mukesh Ambani, unveiled a low-cost 4 G-enabled phone on Friday to woo tens of millions of new clients, further destabilising legacy telecom players. Jio has enjoyed a meteoric rise since its launch a year ago, with its months of free services and sharply...

  • MUMBAI, July 21- India's disruptive new telecom entrant Reliance Jio, backed by the country's richest man Mukesh Ambani, unveiled a low-cost 4 G-enabled phone on Friday to woo tens of millions of new clients, further destabilising legacy telecom players. Jio has enjoyed a meteoric rise since its launch a year ago, with its months of free services and sharply...

  • 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...

  • 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.