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No shortage of legal cases against Anil Ambani
Courtesy of newsglobally [February 15, 2010] It’s hardly news that Anil Ambani has a major D6 gas pricing dispute against his brother Mukesh awaiting judgement in India’s Supreme Court. But PETROWATCH learns the younger son of legendary Indian industrialist the late Dhirubhai Ambani - and the world's third richest Indian after brother Mukesh and steel magnate Lakshmi Mittal - has thousands of legal cases pending against him. [Continue . . . ] |
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Few come calling for Reliance Comm global asset sale
Courtesy of newsglobally [February 02, 2010] More than a month after putting its biggest global assets up for sale, Reliance Communications has found few callers for a package that includes its prized FLAG undersea cable network. Sources close to the deal said Reliance Comm had already extended an initial deadline of late-January for submissions once, but had still attracted little interest for the deal seeking $3 billion. The sources spoke on condition of anonymity because of the sensitivity of the situation. One source said Singapore Technologies Telemedia - which owns stakes in Singapore's StarHub and undersea cable operator Global Crossing -- is contemplating a bid. [Continue . . . ] |
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RIL’s Q3 profit expected to rise on higher output from KG D6
Courtesy of avinashv76 [January 19, 2010] Higher natural gas production from the KG D6 fields off the eastern coast of India is likely to buoy revenues of Reliance Industries Ltd, or RIL, in the December quarter though lower margins on petrochemicals and oil refining are expected to temper profit growth, according to analysts tracking India’s most valuable company. [Continue . . . ] |
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Jagan Reddy aide held for attacking Reliance property
Courtesy of someshahuja [January 13, 2010] The Andhra Pradesh Police on Monday arrested the former president of the National Students’ Union of India (NSUI) for allegedly masterminding the January 7 attacks on the property of Reliance Industries. [Continue . . . ] |
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Mukesh Ambani receives Dean's medal
Courtesy of avinashv76 [January 12, 2010] Reliance Industries Chairman Mukesh Ambani has been awarded the inaugural Dean's Medal by the University of Pennyslvania's School of Engineering and Applied Science. [Continue . . . ] |
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Reliance gas helps save Rs 4,760 cr in fertilizer subsidy
Courtesy of avinashv76 [January 11, 2010] Reliance Industries' eastern offshore KG-D6 gas has helped fertilizer companies bring down cost of urea production by 18 per cent and has helped save about Rs 4,760 crore in fertilizer subsidy. [Continue . . . ] |
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Jagan blamed after rumour-fuelled clash
Courtesy of newsglobally [January 09, 2010] The violence against Reliance group, allegedly provoked by a news telecast claiming the business giant got Y S Rajasekhara Reddy killed in a helicopter crash, has triggered unrest in Congress with fingers pointing at Jaganmohan Reddy. While the Telangana faction of the party accused Jagamohan faction of trying to derail division of Andhra Pradesh, others felt it was only an attempt to show that chief minister K Rosaiah was not fit to steer a difficult situation as well as to block the process of formation of Telangana. [Continue . . . ] |
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YSR report : Ambanis has nothing to do with YSR
Courtesy of avinashv76 [January 08, 2010] “We are shocked and outraged at the false, malicious, motivated and libelous news on TV5 channel concerning the fatal mishap of Shri Y. S. Rajasekhara Reddy's helicopter. [Continue . . . ] |
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RIL to drill six new wells in KG-D6 block this year
Courtesy of avinashv76 [January 07, 2010] finds in the prolific KG-D6 block, will drill six wells this year. "Six additional exploration/appraisal wells will be drilled this year," said Niko Resources, the junior partner in RIL-operated KG-D6 block. [Continue . . . ] |
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Reliance Industries: Filling its coffers
Courtesy of avinashv76 [January 06, 2010] The sale of a part of Reliance Industries’ (RIL) treasury stock through a block deal on the bourses inaugurated trading in 2010. RIL garnered almost Rs 2,675 crore by selling 25.85 million shares (held by a trust, owned by a RIL subsidiary) to LIC at an average price of Rs 1,035 per share or a 5 per cent discount to the previous closing price. The discount isn’t unusual, say analysts, given the size of the deal. [Continue . . . ] |