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Sunday, Nov 22, 2009
 
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RIL offers to buy Dutch petrochem firm22-NOV-09
LyondellBasell’s acquisition could add over $50 billion to its revenues.
RNRL withdraws opposition to govt being a party20-NOV-09
In a new development in the RIL-RNRL appeals in the Supreme Court today on their gas dispute, RNRL revoked its opposition to the Union government being heard. And, the Solicitor General appeared for the first time, on behalf of the government and NTPC.
25 more billionaires in India's rich list20-NOV-09
A rebounding stock market that gained two-thirds in the past year and an economy growing at 6 per cent have seen the combined net worth of India’s 100 richest people touch $276 billion, almost a quarter of the country’s GDP, business magazine Forbes said today in its annual rich list for the country.
Gas row: RNRL accuses govt of siding with RIL19-NOV-09
The Anil Ambani group today accused the government of being a party to the "conspiracy" with Mukesh Ambani firm Reliance Industries (RIL) to "destroy" it but dropped its opposition to the Petroleum Ministry putting its stand before the Supreme Court.
Number of Indian billionaires almost doubles in a year: Forbes19-NOV-09
Happier days are back for India's rich who saw their fortunes dwindle during the recession as the country's billionaire list has doubled from last year to 52, according to the Forbes annual list of richest list for the country.
Mukesh tops Forbes India list with $32 bn fortune19-NOV-09
Reliance Industries Chairman Mukesh Ambani is the richest man in India with $32 billion in net worth followed by steel tycoon Lakshmi Mittal and younger brother Anil Ambani, according to the Forbes annual rich list for the country.
Will incur heavy loss if K-G gas is not sold to priority customers: Govt19-NOV-09
The government will incur a loss of Rs 75,000 crore if the gas from Reliance Industries Ltd’s (RIL’s) D-6 block in the Krishna-Godavari basin is not sold to priority customers like fertiliser and power sectors, additional solicitor general Vivek Tankha told the Supreme Court today.
RIL to invest $3 billion in new petrochem complex19-NOV-09
Mukesh Ambani-controlled Reliance Industries Ltd (RIL) is planning to spend $3 billion for a new petrochemical complex at Jamnagar.
RIL mulls entry into low-cost housing19-NOV-09
After successfully dabbling in organised retail in 2006, Mukesh Ambani, chairman of India’s largest private sector company, Reliance Industries (RIL), has now set his eyes on no-frills, low-cost housing.
Where you sit19-NOV-09
Most people in public life know that where you stand depends on where you sit. When Additional Solicitor General Mohan Parasaran began arguing the government’s case in the fight between Mukesh Ambani’s Reliance Industries Limited (RIL) and Anil Ambani’s Reliance Natural Resources Limited (RNRL), he happened to sit on the same side as RNRL’s lawyers. Ram Jethmalani, who is one of RNRL’s lawyers, objected and said, “You should move to the other side (near the RIL lawyers) since this makes it appear that you (the government) are in collusion with me (RNRL).
Ambani gas row: Govt must approve suitable arrangement18-NOV-09
The government today asserted in the Supreme Court that any suitable arrangement between the Ambani brothers for the supply of gas from K G Basin has to be approved by it keeping the national interest paramount.
Mukesh Ambani lays out aggressive vision for RIL18-NOV-09
Mukesh Ambani, chairman of Reliance Industries Ltd, India’s largest private company, today laid down a road map for business transformation and value creation for the company at its 35th annual general meeting.
RIL to invest Rs 500 cr in Reliance Foundation17-NOV-09
Mukesh Ambani-run Reliance Industries (RIL) plans to invest Rs 500 crore to set up a philanthropic entity called Reliance Foundation with plans to scale up its contribution to Rs 1,000 crore.
RIL AGM okays 1:1 bonus; Nov 27 record date17-NOV-09
The shareholders of the country's most valued company Reliance Industries (RIL) today approved the 1:1 bonus issue for which the company fixed November 27, 2009 as the record date.
Gas is not pvt property of Ambani bros: Govt17-NOV-09
The government today opened its arguments in the high-voltage gas row between the Ambani brothers in the Supreme Court asserting that any understanding reached between them was not binding on it as gas was not their "private property".
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