MUMBAI: After Dimsum, Sushi, Samurai, Rolex, Kangaroo, Bulldog or even Dragon it's now the turn of Formosa bonds. Reliance IndustriesBSE 0.56 % - India's savviest as well as the largest borrower overseas - has just raised $200 million through a fresh bond issuance in the hottest bond market in Asia Taiwan.

According to to multiple sources directly involved with the transaction, RIL has raised 20 year debt paper on Monday, the first from India Inc to do so. Incidentally, RIL will also be the first Asian energy company to tap the Formosa market.

A year after Reliance Industries Limited (RIL) moved Delhi High Court seeking to quash an FIR registered against them by Anti-Corruption Bureau, the CEO of the same firm on Wednesday was finally questioned by the probe agency.

According to senior officials of the ACB, PMS Prasad, CEO of RIL and two senior officials of the firm were questioned at their Civil Lines office in the Krishna-Godavari Basin case, which was rechristened as the "gas pricing scam" by the current chief minister of New Delhi, Arvind Kejriwal.

Mumbai: Reliance Jio Infocomm Ltd (RJio), a subsidiary of Reliance Industries Ltd (RIL), has raised $750 million (around Rs.4,815 crore today) from a Korean lender to fund its ongoing network roll-out under its fourth-generation (4G) telecom licence in India.

The loan, backed by export credit agency Korea Trade Insurance Corporation (K-Sure), was raised on 7 May and is guaranteed by RIL. It will be used to finance goods and services procured from two of its main vendors—Samsung Electronics Co. Ltd and Ace Technologies Corp.

NEW DELHI: The government has decided to cancel a coal block attached to the Sasan ultra mega power project of the Anil Ambani group in line with the Supreme Court's directive forbidding commercial use of surplus coal from such units for other plants.

The decision, which also forbids the use of coal from other mines of the 4,000 MW project for other plants, ends the special dispensation given earlier to Reliance Power's Sasan Project that would have helped the company fuel the Rs 21,000 crore Chitrangi power project.

India is home to 56 of the world’s 2000 largest and most powerful public companies, according to the Forbes’s annual list which is topped by the US with its share of 579 companies.

Mukesh Ambani-led Reliance Industries leads the pack of 56 Indian companies in the 2015 Forbes ‘Global 2000′ list.

The office of the Union comptroller and auditor general (CAG) has questioned why Reliance Industries (RIL) was allowed to charge a marketing margin on natural gas in dollar terms when that allowed to state-owned GAIL was approved in rupee terms.

The auditor recommended the petroleum ministry ensure the latter methodology be adopted for supply of natural gas from domestic sources for use in sectors where the government bears the subsidy burden.

Mumbai: Reliance Jio Infocomm Ltd (R-Jio) has outspent most telecom operators in India and may soon surpass Bharti Airtel Ltd even before the telecom unit of Reliance Industries Ltd (RIL) has started commercial operations, illustrating the extent billionaire Mukesh Ambani is willing to go to tap demand for wireless data in the world’s second biggest smartphone market.

R-Jio, which will start operations later this year, has spent $14 billion so far, more than India’s third largest mobile phone operator Idea Cellular Ltd.

In what could be another face-off between Aam Aadmi Party and Reliance Industries, the Anti Corruption Branch of the Delhi government on Thursday issued a notice to top officials of RIL and its partner Niko Resources Ltd to join investigations next week in Krishna-Godavari Basin case.

The move marked the first improvement in the FIR registered in February last year when AAP had formed a government in Delhi for 49 days. The FIR also includes the names of former petroleum ministers M Veerappa Moily, Murli Deora, former director general of hydrocarbons V K Sibal and RIL chairperson Mukesh Ambani.

Oil exploration shares such as Reliance Industries and ONGC were trading marginally in an otherwise weak market after the government announced a policy for development of oil and gas discoveries.

There are three options to choose from. The first is an option to relinquish the block. Another is to develop the discovery, after conducting a Drill Stem Test (DST); if this is not done on time, half the DST cost will be disallowed. And, even if done on time, the cost recovery is to be limited to $15 million (Rs 94.8 crore).

Falling cash reserves and increasing debt are expected to reduce treasury income for Reliance Industries Ltd (RIL) in the current fiscal year as the company will have less cash to invest in instruments such as mutual funds and government bonds, among others.

RIL, which is in the midst of its biggest capital expenditure cycle, is investing up to $24 billion over a five-year period since fiscal 2013 across businesses ranging from refining, petrochemicals and fourth-generation telecom services.

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