With this acquisition, Nauyaan Tradings has become a step-down wholly owned subsidiary of Reliance Industries
Billionaire Mukesh Ambani's Reliance Industries Ltd is estimated to have earned 724 million euros (about Rs 6,850 crore) from exporting fuel made from Russian crude oil to the US in one year, an European think tank said in a report. "From January 2024 to the end of January 2025, the US imported EUR 2.8 billion of refined oil from six refineries in India and Turkey that process Russian crude. An estimated EUR 1.3 billion of this was refined from Russian crude," the Centre for Research on Energy and Clean Air (CREA) said in a report. US imports of fuels such as petrol and diesel from Jamnagar in Gujarat, where Reliance's twin oil refineries are located, were EUR 2 billion. Of this, "EUR 724 million (is) estimated to be refined from Russian crude," it said. Western and US sanctions on Russia, that followed its invasion of Ukraine in February 2022, do not prohibit or sanction buying/using Russian crude oil and exporting fuels such as diesel derived from it. Gujarat's Vadinar, where ...
Airtel share price, RIL share price: Ambiguity over regulatory clarity may keep upside in the stocks restricted, analysts cautioned
Shares of Reliance and Airtel are in focus amid the Starlink deal; while MTNL too was in limelight on land monetisation news. Here are the key levels to watch out on these 3 telecom stocks.
The bill aims at delinking petroleum operations from mining, clarifying the granting and extension of petroleum leases, and creating a new dispute resolution mechanism for the exploration
Bharti Airtel rose as much as 3.37 per cent to hit an intraday high of Rs 1717.25 per share, while RIL share gained up to 1.13 per cent to hit an intraday high of Rs 1,261.55
The appointment comes at a time when other business conglomerates, including the Tatas, are investing heavily in the financial services sector
The concern in New Delhi is that any retaliatory trade action by Washington will cover broader ground than just India's massive tariffs
The ministry raised the demand recently following the Delhi High Court's decision in the matter last month
In the past six months, RIL share price has underperformed the market by falling 15 per cent as compared to a 9 per cent decline in the BSE Sensex
The uptick in RIL's share price followed an upgrade from domestic brokerage firm Kotak Institutional Equities, which raised its rating to 'Buy' from 'Add'
Also receives liquidated damages levy notice over battery PLI milestone delay
The final outcome of all arbitral cases have gone in favour of the government; ironically, the finance ministry itself advised departments to exercise caution when challenging awards for larger cases
Reliance share price was quoting at a 15-month low, and below its super trend line support on the monthly scale for the first-time since April 2014; here's a technical outlook on the stock.
Reliance Industries says the petroleum ministry has raised a $2.81 billion demand over a gas migration dispute linked to KG-D6, following a Delhi High Court ruling in the government's favour
Stock down 21.2% since FY24-end; share price at 17-month low
In the past six months, RIL has underperformed the market by falling 22 per cent, as compared to the 11.5 per cent decline in the BSE Sensex
The small monetary fines are a mere rap on the knuckle, especially for Asia's richest person and his Reliance conglomerate
The Nifty 50 index has shed nearly 13% in the last five straight months, its longest losing streak since November 1996; equalling its second-worst ever in the 30-year history.
Prime Minister Narendra Modi, who inaugurated the summit, said Madhya Pradesh is becoming a preferred business destination while adding that this is the right time to invest in the state