05.01.2012

France's Total in $2.3 Billion U.S. Shale Gas Deal

French oil group Total is plowing $2.3 billion into the development of U.S. shale gas reserves in Ohio in the latest example of global energy companies piling into burgeoning new energy sources. more14.06.2011

India's Reliance To Buy Bharti Stakes In AXA JVs

Reliance Industries said on Friday it would buy Bharti Enterprises's stakes in two insurance joint ventures with France's AXA to build on moves beyond its core energy business.        Reliance has diversified into the telecom, retail, financial services and hospitality sectors in recent years.        more06.06.2011

Reliance Industries Sees Government Approval for BP Deal In Few Weeks

India's largest listed firm Reliance Industries expects government approval for its deal with BP in the next few weeks, Chairman Mukesh Ambani said at the company's annual shareholder meeting on Friday. more05.05.2011

Reliance To Invest $12 Billion In Chemicals, Launch Rubber Business

Reliance Industries plans to invest up to $12 billion in the chemicals business to tap the market for hygiene and healthcare products and will look at developing a new rubber business, Chairman Mukesh Ambani said in an interview to the Economic Times.
"We believe that hygiene will be a very big market in a rapidly prospering India where people's aspirations are rising," Ambani, the world's ninth-richest man according to Forbes, said. more29.04.2011

Reliance In Talks To Buy Stake In Insurer Bharti AXA

Billionaire Mukesh Ambani-controlled Reliance group is in talks to buy the stake held by Bharti Enterprises in an Indian insurer joint venture with AXA Group, the Economic Times reported on Friday. The discussions with Bharti have not yet reached a conclusion, the newspaper quoted people familiar with the matter as saying. more29.03.2011

India Gets 74 Bids for New Oil, Gas Blocks

India received 74 bids for 33 oil and gas exploration blocks on Monday, but the latest licensing round aimed at attracting increased private investment failed to draw big global firms needed to boost the sector. India is wooing private capital for exploration and encouraging local firms to buy stakes in foreign oil and gas projects to meet its surging energy needs. Asia's third-largest economy imports over 70 % of its crude and is keen to tap quickly domestic reservoirs. more10.03.2011

Reliance Krishna-Godavari Basin Gas Output Seen Up By April, Boosts Shares

India's upstream regulator said on Wednesday Reliance Industries' gas output could go up to 67 million metric standard m3 a day (mmscmd) by April, earlier than expected, boosting shares in the company. more23.02.2011

BP Partners India's Reliance in $7.2 Billion Oil Tie-Up

BP is to make one of the biggest foreign direct investments in India through an oil and gas tie-up with Reliance Industries, which involves the oil major paying $7.2 billion to the Indian company. Under the terms of the deal, BP will take a 30 percent stake in 23 oil and gas blocks and form a 50:50 joint venture between the two companies for the sourcing and marketing of gas, the companies said in a statement on Monday. more18.02.2011

Reliance Industries to Invest $30 Billion Over 5 Years

Indian energy major Reliance Industries plans to invest $25 billion to $30 billion in its major businesses over the next five years, the Economic Times newspaper said on Thursday, quoting a Press Trust of India report. Reliance, controlled by billonaire Mukesh Ambani, will mainly target petrochemicals, energy exploration and production, and telecoms businesses, the reported quoted the company as saying at an investor conference last week. more14.02.2011

Reliance May Face Insider Trading Penalty

India's markets regulator may impose penalty of up to 15 billion rupees ($328 million) on Reliance Industries if it establishes the energy major was involved in insider trading, the Economic Times reported on Monday, citing an unnamed source close to proceedings. The penalty relates to a November 2007 sale of shares by Reliance in its then unit Reliance Petroleum, where it is alleged to have made a profit of 5 billion rupees from insider trading, the newspaper said. more