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Reliance Industries Ltd , which is facing several controversies related to KG-D6 gas production, surprised the Street on Saturday with better-than-expected first quarter earnings.
This article was written by Oilprice.com -- the leading provider of energy news in the world.
Mukesh Ambani-led Reliance Jio is set to usher in 4G services next year. Last week, I was tempted to say, it is now perhaps Nikesh vs Mukesh in India's telecoms, after Nikesh Arora quit as chief business officer at Google Inc and headed to become vice-chairman of Japan's SoftBank where he starts in October.
Indian retail-to-energy group Reliance Industries Ltd reported a record $1-billion net profit for the financial first-quarter, fuelled by a strong petrochemicals performance.
In a move that seeks to end a prolonged production dispute at KG D6, India's largest gas field in Andhra Pradesh, arbitration proceedings between Mukesh Ambani-led Reliance Industries Ltd and the government will begin shortly.
Reliance Retail and Bharti Enterprises are understood to be in talks to buy India assets of the world's second largest retailer Carrefour that has decided to exit the country by closing its five stores.
Updated: Mon Jul 28, 2014 01:07 am
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