Reliance Industries’ announcement of its largest-ever investment plan of $30 billion or Rs 180,000 crore over the next three years, even as it was largely known by the Street, is being looked at in a positive light.

This is despite the near-term pressure it could put on the return ratios. The company had been under pressure to utilise the cash on its books and these investment plans show how it has charted a way forward.

Annual general meetings of Reliance Industries are never dull. This year was no exception.

When Mukesh Ambani, dressed in a white shirt with a red and white check tie and a black coat, walked into the Birla Matoshree auditorium at 10:45 am, there was commotion among shareholders to shake hands with the billionaire who leads India Inc's first family.

Reliance Industries Ltd (RIL), India’s largest private-sector company, will invest Rs 1.8 lakh crore ($30 billion) across businesses — petrochemicals, refining, retail and telecom — over the next three years. The company, aspiring to break into the Fortune 50 club, will also launch its 4G broadband services in 2015 and strengthen its management team.

The benchmark BSE Sensex on Wednesday rose over 54 points in early trade, extending gains for the second straight day, as participants made selective buying in shares of RIL, ONGC, SBI and Infosys.

The 30-share index gained 54.14 points, or 0.21 per cent, to 25,575.33. The gauge had gained 330.71 points in the last session on late heavy fund-based buying.

Less than 24 hours before its annual general meeting, the Mukesh Ambani-led Reliance Industries Ltd (RIL) reached out to its shareholders through a document titled 'India has never been here before. Facts you did not know about KG-D6'.

"This compilation is an attempt to inform and debate with facts so that rhetoric and illogic don't drown out the serious issue of India's energy security," RIL said. In the 38-page report, across 10 chapters, RIL explained how it entered the exploration and production business; the history of the New Exploration and Licensing Policy (Nelp) and the introduction of production-sharing contracts (PSCs).

Mumbai: R eliance Jio Infocomm Ltd, the telecom unit of Mukesh Ambani’s Reliance Industries Ltd (RIL), is setting up 14 data centres across India to create a cloud-computing infrastructure that can take advantage of, and complement, its long-delayed roll-out of fourth generation, or 4G, telecom services, finally expected this year.

The cloud-based services, three company executives familiar with the plan said, will span healthcare, education and entertainment, and build synergies with the home shopping and content businesses of Network18 Media & Investments Ltd, in which RIL is acquiring a majority stake.

Mumbai: The 30-share benchmark S&P BSE Sensex and 50-share CNX Nifty rose to all-time highs in intra-day trade and at close for a second day on Friday as energy shares surged on optimism Prime Minister Narendra Modi will take a decision on raising natural gas prices by the end of this month.

The Sensex closed at a fresh high of 25,396.46 points, up 1.51%, or 376.95 points, while the Nifty ended at a fresh high of 7,583.40, up 1.46%, or 109.30 points.

It can be termed the clash of the titans in hydrocarbon space or the alleged "great gas robbery".

Government-owned Oil and Natural Gas Corporation (ONGC), the country's largest producer of both, alleges Mukesh Ambani's Reliance Industries (RIL), the country's largest private company by market capitalisation, has stolen gas worth Rs 30,000 crore from its block in the Krishna-Godavari (KG) basin.Approaching the high court here last month, the Maharatna major says RIL had drawn out 18 billion cubic metres of natural gas from 2009 to September 2013 from its assets.

JM Financial Institutional Securities, on behalf of Independent Media Trust, represented by its trustee Sanchar Content Private Ltd, together with Reliance Industries Ltd (RIL) and Reliance Industrial Investments and Holdings, has made an offer for the acquisition of up to 22.99 crore equity shares of Network18 Media & Investments Ltd, constituting the remaining 21.96 per cent at a price of Rs.41.04 a share aggregating to Rs.943.70 crore.

Mukesh Ambani-controlled Reliance Industries Ltd (RIL) is acquiring a majority stake in Raghav Bahl’s Network18 Media and Investments and its subsidiary TV18 Broadcast through Independent Media Trust (IMT), of which RIL is a sole beneficiary.

Network18 Media and TV18 control a suite of broadcasting channels like CNBC-TV18, Viacom18 and CNN-IBN, besides a bevy of e-commerce businesses and digital internet sites.

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