RIL
RIL becomes first Indian company to hit Rs. 9 lakh crore m-cap
Mukesh Ambani-led Oil-to-telecom major Reliance Industries (RIL) has become the first company in India to hit the market capitalisation (m-cap) of Rs.9 lakh crore. RIL was also the first company to reach Rs.8 lakh crore mark in August 2018. IT ..
Month: Current Affairs - October, 2019
RIL, SBI ink Subscription and Shareholders' Agreement for payments bank JV
Telecom-to-energy conglomerate Reliance Industries (RIL) and India’s largest lender State Bank of India (SBI) have signed Subscription and Shareholders’ Agreement to set up payments bank. As per the agreement, RIL will be the promoter with a 70 per cent equity ..
Month: Current Affairs - July, 2016
Petroleum Ministry: ‘CAG has the right to undertake audit KG-D6’
The Petroleum Ministry has stated that the Comptroller and Auditor General (CAG) has the right to undertake the audit of Reliance Industries Ltd (RIL)’s KG D6 block on behalf of the government. As per the Ministry, CAG can undertake the ..
Month: Current Affairs - March, 2013
Category: Legal & Constitution Current Affairs
The Directorate-General of Hydrocarbons holds back approval for KG-D6 work programme
The Directorate-General of Hydrocarbons (DGH) has held back approvals for work programme (WP) and budget for KG-DWN-98/3 (KG-D6) block for 2012-13 and 2013-14. DGH has sought an explanation on various issues including the decision of the operator to cancel the ..
Month: Current Affairs - February, 2013
Reliance terminates lobbying activities in US
Mukesh Ambani- led Reliance Industries Limited (RIL) has terminated all its lobbying activities among US lawmakers after having spent nearly 2 million dollars (over Rs 10 crore) to its lobbyist firm, Barbour Griffith & Rogers LLC (BGR), in the past ..
Month: Current Affairs - January, 2013
Mukesh Ambani ranked 18th richest person in the world
As per Bloomberg Billionaires Index, Chairman & MD of Reliance Industries, Mukesh Ambani has been ranked as the 18th richest person in the world with a personal wealth of $24.7 billion in 2012. As per the rankings top 5 positions ..
Month: Current Affairs - January, 2013
Gas production from KG-D6 declines
Gas output from India’s biggest gas producing fields in the Krishna Godavari basin (KG-D6) continued to decline and reched its lowest level since its inception. After touching peak production levels of 60 million of gas per day (mmscmd), the output ..
Month: Current Affairs - December, 2012
Category: Places in News Current Affairs
RIL plans to invest $10 billion on 4G network
After winning the licence to offer 4G network in 2010, Reliance Industries Ltd. (RIL) is now planning to invest $10 billion to start its 4G network across the country. Reliance will soon launch LTE (Long Term Evolution) network which is ..