NEW DELHI: Reliance Industries (RIL) is selling some of the Eagle Ford shale gas project's ‘assets’ in the US for $100 million to Sundance Energy, marking the company's exit from the second shale gas venture as it sharpens focus on telecom.

The acreages and producing wells assets being hived off are located in Atascosa, La Salle, Live Oak and McMullen Counties of Texas and were not slated to be developed in the near term, the company said in a statement on Tuesday. RIL will retain its interest in the remaining core assets of the Eagle Ford project.

Mukesh Ambani, Reliance Industries on Tuesday, announced an agreement to divest its interest in certain acreage, producing wells and related assets in the western portion of its Eagle Ford shale position for a consideration of $100 Million.

LinkedIn, the popular social networking site for business people and professionals, released a report ranking 25 companies in India that are most preferred by professionals as their workplace. The list that is led by India’s Directi. Mukesh Ambani owned Reliance Industries, country’s largest and most valued firm, stands at 24th on this list. The other Indian companies are Flipkart, One97 Communications, Ola, OYO, and MakeMyTrip.

Mumbai: Reliance Industries Ltd (RIL), Essar Oil Ltd, Oil and Natural Gas Corp. Ltd (ONGC) and Torrent Power Ltd are among companies planning to bid for the ninth round of city gas distribution (CGD), two people aware of the matter said. The Petroleum and Natural Gas Regulatory Board (PNGRB) will offer compressed natural gas retailing licences in 100 cities shortly.

The Petroleum and Natural Gas Regulatory Board (PNGRB) will offer compressed natural gas retailing licences in 100 cities shortly.

India’s most valued company in terms of market capitalisation, Reliance Industries started with a meagre Rs 1,000 and just one employee way back in 1966, Mukesh Ambani revealed yesterday. Speaking at the Financial Times ArcelorMittal Boldness in Business Awards, Mukesh Ambani said that his father, Dhirubhai Ambani founded Reliance in 1966 with a dream to build Reliance as a world-class and world-scale Indian business conglomerate.

Reliance Retail, a subsidiary of Reliance Industries Limited (RIL) today acquired 16 per cent stake of US-based KaiOS Technologies Inc (KTI) for cash aggregating to USD 7 million (about Rs 45 crore). The company acquired 19,04,781 shares of KTI, mobile operating system provider, at USD 3.675 per share, Reliance Retail said in a statement.

Leaving the question of price aside, the best business to own is one that over an extended period can employ large amounts of incremental capital at very high rates of return. The worst business to own is one that (does) the opposite— that is, consistently employ ever-greater amounts of capital at very low rates of return,” Warren Buffett wrote in his letter to shareholders of Berkshire Hathaway Inc. in 1992.

Mumbai: Reliance Industries Ltd (RIL) has committed Rs 1.3 trillion worth of investments across five states in its non-energy businesses over the past two months. Though analysts worry that these investments may dilute its return on capital employed, RIL executives say it underlines the seriousness with which the company is pursuing opportunities in telecom and retail.

NEW DELHI: Reliance Industries will likely stop producing from its MA field in the KGD6 block by October following continuous decline in output for years, according to multiple people familiar with the matter.

MA is one of the three fields currently producing in RIL-BP's KG block and the only one that produces both oil and gas. D1 and D2 are the other two fields producing only gas.

In a big fillip to Andhra Pradesh, Reliance Industries (RIL) and its associate companies have made a committed investment of Rs 55,000 crore in the state to facilitate the business of marketing gas and LNG. India gas Solutions Private, a 50:50 joint venture company of RIL, BP International (BP) and Andhra Pradesh Economic Development Board (APEDB) signed a memorandum of understanding (MoU) during the three-day CII Partnership Summit with a committed investment of Rs 40,000 crore.

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