Financial Times (blog)
Anil Ambani: a little movie magic
But 2012 is starting out on a high note for the marathon-running owner of Reliance group. Last week, as the FT reported, Ambani secured a $1.2bn loan from a trio of state-backed Chinese banks, allowing Reliance Communications, his telecoms arm, …See …
India: RIL argues, BP has to wait
But nearly six months later, output at the largest field – Krishna Godavari D-6 – has hit an all-time low, with gas pumping out at a daily rate of just over half of what Reliance originally envisaged. And BP's technology has yet to be unleashed, …
* Reliance set to strike deal with Disney's UTV
The deal, expected to be sealed in the coming weeks, is between Reliance and UTV, one of Bollywood's largest entertainment groups, which Disney controls with a 50.44 per cent stake and is in the process of buying fully. Asian and Middle Eastern cen…
* Reliance set to strike deal with Disney's UTV
Mukesh Ambani, India's wealthiest man, is set to sign a deal with Walt Disney's Indian subsidiary that will provide his Reliance Industries with the content for its next generation of mobile telecoms, people close to the matter told the FT. ……
* Reliance may need four years to increase gas field output
Billionaire Mukesh Ambani's Reliance Industries and BP may need as long as four years to raise output from India's biggest gas field because the reservoir is harder to tap than previously estimated, Bloomberg reports. A bipartisan group of US s…
* Reliance may need four years to increase gas field output
Billionaire Mukesh Ambani's Reliance Industries and BP may need as long as four years to raise output from India's biggest gas field because the reservoir is harder to tap than previously estimated, Bloomberg reports. A bipartisan group of US s…
Mukesh Ambani: time to deliver?
Reliance, which saw its shares shrink by 0.55 per cent in Mumbai trading on Wednesday – valuing the company at $54.4bn, has been overtaken by state-owned Coal India, the world largest coal miner, which rose 2.6 per cent – lifting the group's ma…
Mukesh Ambani: time to deliver?
Reliance, which saw its shares shrink by 0.55 per cent in Mumbai trading on Wednesday – valuing the company at $54.4bn, has been overtaken by state-owned Coal India, the world largest coal miner, which rose 2.6 per cent – lifting the group's ma…
* Reliance Power to set up wind power project for Rs 15bn
Poland is seeking to slash its reliance on Russian energy through exploiting its big reserves of shale gas – natural gas trapped in fragile rock, the FT reports. A British company, 3Legs Resources, has drilled one of Poland's first shale test wel…
* Somani Group forms coal JV with Russian OAO
… as it seeks to replicate the lucrative $7.2bn deal struck between BP and Reliance Industries, the FT reports. AK Hazarika, the chairman of India's biggest oil and gas group, told the Financial Times that the state-owned group was looking for a …
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