Even as India Inc and the government rejoices over the settlement between Mukesh Ambani and Anil Ambani, it seems like the drama is not over yet. NDTV has learnt that Mukesh Ambani-led Reliance Industries now wants the government to clarify its gas allocation policy before it begins talks with RNRL over gas supplies.
For this the [...]
RIL executive director PMS Prasad, a long-serving hand since the late 1980s, has been the company’s public face all through the gas battle — whether at Court Room No 1 at the Supreme Court, or the corridors of Shastri Bhavan that houses the petroleum ministry. Prasad was present on Friday too as the drama was [...]
The Supreme Court’s verdict favouring Reliance Industries (RIL) in the legal feud with Reliance Natural Resource (RNRL) may help further RIL, its talks with BP, say sources to CNBC-TV18.
BP has welcomed the decision of the SC upholding the sanctity of the Production Sharing Contract (PSC). It says that Government’s PSC will overwrite all the prior [...]
Two judges of a three-member bench delivered separate verdicts on the ongoing Ambani gas row between Mukesh Ambani’s Reliance Industries and younger brother Anil’s Reliance Natural Resources. The case involves terms of a deal under which Reliance Industries was to supply Anil Ambani’s Reliance Natural with 28 million standard cubic metres a day (mmscmd) of [...]
India’s top court has given a unanimous verdict today on the Ambani gas row upholding the government’s right to determine gas-pricing. The Supreme Court had finally given a judgment on the gas-pricing dispute between the Ambani brothers that has raised concerns over the government policy on gas pricing for India’s upcoming energy based economy and [...]
Reliance Industries’ (RIL’s) move to acquire Luxembourg-based petrochemicals firm LloyndellBasell for $14.5 billion did not materialise. But, its recent announcement of forming a joint venture with Atlas Energy to develop shale gas acreage (RIL’s net share at 5.3 trillion cubic feet) involving an investment of almost $5 billion over ten years indicates the company continues [...]