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Aramco eyes deal with Reliance, others for investing in India
Posted on 21st February 2019
Saudi Aramco, the world’s largest oil exporter, on Wednesday said it was in talks with Reliance Industries and other Indian firms to invest in petrochemicals and refinery projects in the country.

“India is an investment priority for Saudi Aramco. There is a lot of growth potential. We are looking at additional investments in India. We are in discussions with other companies as well, including Reliance Industries,” Saudi Aramco CEO Amin Nasser said at the Saudi Arabian General Investment Authority’s Saudi Forum meet.

RIL, ONGC natural gas prices to be raised by 10%; here’s how much it will cost from April
Posted on 13th February 2019
In a boost to firms like ONGC and Reliance Industries, the government is likely to raise the price of domestically produced natural gas by over 10 per cent to over USD 3.72 per million British thermal unit with effect from April 1, sources in know of the development said. The price of gas produced from difficult fields will rise to about USD 9 per million British thermal unit (mmBtu) from current USD 7.67, they said. This will be the fourth straight increase in gas prices.

Mukesh Ambani’s Reliance Industries to invest Rs 10,000 crore in West Bengal
Posted on 8th February 2019
Reliance Industries (RIL) chairman Mukesh Ambani on Thursday said that West Bengal should go for a digital drive to lead the fourth industrial revolution with Reliance Jio already making one tenth of its total investment in the state in the digital space.

Speaking at the 5th edition of the Bengal Global Business Summit(BGBS), Ambani said Reliance Jio’s investment stands at Rs 28,000 crore in the state, one tenth of the total investment it has so far done in the digital space.

Amazon vs Reliance: Jeff Bezos losing out to Mukesh Ambani as e-comm rules change
Posted on 6th February 2019 and Walmart’s plans to dominate India’s online retail landscape have been ambushed by Prime Minister Narendra Modi’s political priorities heading into a tightening election. The vote, likely to be held in or around May, has increased the influence of local retailers that lobbied for growth-crimping curbs on the US giants. On cue, India this month rolled out constraints on foreign e-commerce players, including Jeff Bezos-led Amazon and Walmart-owned Flipkart, which together control 70% of its online shopping.

RIL's debt path seen tied to Reliance Jio, e-commerce plans
Posted on 24th January 2019
Reliance Industries Ltd.s plan to strengthen its balance sheet will hinge on future capital spending as credit market participants zero in on whether the company will be able to slow those outlays over the next year.

The conglomerate has invested about $64 billion across telecom and retail as well as petrochemicals and oil refining expansions, Joint CFO V. Srikanth said during last weeks earnings briefing.

RIL refining margin may stay depressed as demand wanes
Posted on 23rd January 2019
MUMBAI: Refining business that has traditionally done the heavy-lifting at Reliance Industries Ltd (RIL) is catching its breath, thanks to weak global demand and higher exports by the US and China. Until new shipping norms mandating higher-quality fuel take effect next year, conditions are not expected to improve much either.

Bezos vs Ambani is the bout that had to happen
Posted on 22nd January 2019
The battle for the Indian consumer was never going to be an all-American affair.

Walmart Inc.’s splashy acquisition last year of Flipkart Online Services Pvt., the homegrown e-tailer giving Inc. a solid run for its money, might have given the impression of a two-horse race. But as I argued (here and here), billionaire Mukesh Ambani wasn’t going to watch from the sidelines.

Reliance asks partner Niko to exit KG-D6 over payment default
Posted on 21st January 2019
Reliance Industries has asked its partner Niko Resources to withdraw from eastern offshore KG-D6 gas block over default in payments for field development cost, but the Canadian firm has sought to stall the move by invoking arbitration, the companies said.

Niko, which defaulted on payment of loans to its lenders,

RIL to take on Amazon, Flipkart; Mukesh Ambani bats for data localisation
Posted on 19th January 2019
Reliance Industries (RIL) is ready to unleash its e-commerce dark horse to take on the likes of Amazon India and Walmart-owned Flipkart. Chairman and Managing Director Mukesh Ambani on Friday said Reliance Retail and Reliance Jio Infocomm were set to jointly launch their new e-commerce platform in the country.

Mukesh Ambani-led Reliance becomes the first private company to earn Rs 10,000 crore quarterly profit
Posted on 18th January 2019
Reliance Industries (RIL) reported a strong set of numbers for the three months ended December 2018, beating Street estimates on all fronts. The company’s consolidated net profit increased nearly 9% year-on-year to Rs 10,251 crore.

With the profit of over Rs 10,000 crore, RIL has become the first private sector company to cross this number.

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