WebinarsNew
Deep DiveNew
Explore Business Standard
Natural gas production at the KG-D6 fields operated by Reliance Industries Ltd and BP Plc fell nearly 7 per cent year-on-year in the June quarter, as the natural decline that began in mid-2025 continues. In an April-June quarter earnings presentation at analyst call, Reliance said gas output in Q1 averaged 24.8 million standard cubic meters per day, down from 26.6 mmscmd in April-June 2025. The output was lower than 25.2 mmscmd in the preceding January-March quarter. Production from the second-wave of discoveries in the KG-D6 block peaked in January-March 2024 to 30.6 mmscmd but has since been on the decline. Output has since fallen by 19 per cent. Reliance did not immediately provide additional details on production volumes or a timeline for arresting the decline. At the analyst call, a company official said, "In KG-D6, whilst there is a natural decline, it's lower than what we had expected, so we have a plan to offset this natural decline, which I'll talk about shortly." As th
The CBI on Saturday conducted searches at 15 premises in Delhi and Mumbai in connection with cases registered against Reliance Commercial Finance Ltd. (RCFL) and Reliance Home Finance Ltd. (RHFL), officials said. The searches covered 23 interlinked entities associated with the Reliance ADA Group, led by Anil Ambani, the agency spokesperson said in a statement. These premises are located in two cities - Mumbai and Delhi. "The interlinked entities associated with the... group were allegedly used as conduit for the diversion of bank funds borrowed by RCFL and RHFL to other Reliance ADA Group companies, thereby causing wrongful loss to the lending banks," the spokesperson said. The searches were conducted after securing warrants from a special court in Mumbai. The searches also covered the "premises of three individuals, namely the former CFO of RHFL, the former Secretarial Head of the Reliance ADA Group, and the former Chief Treasury Consultant of RHFL," it said. The CBI has registe
The promoter group of Reliance Industries Ltd increased shareholding by nearly 0.5 percentage points during the June quarter through market purchases, reinforcing its long-term commitment to the country's most valuable company. Regulatory shareholding data showed the promoter and promoter group raised their stake to 50.48 per cent at the end of the June quarter from about 50 per cent three months earlier. The purchases were made within the limits permitted under the Securities and Exchange Board of India's (Sebi's) creeping acquisition regulations, which allow promoters to gradually increase ownership without triggering a mandatory open offer, subject to prescribed thresholds. Market analysts believe market purchases by the promoter group would have cost Rs 8,500-9,000 crore. Reliance Chairman Mukesh Ambani, his wife and three children -- Isha, Akash and Anant -- hold 1.61 crore shares, or 0.12 per cent stake, each in Reliance, according to the latest shareholding filing by the ...