He joins RIL as one of the eight independent directors on its 14-member board.
RIL said it has launched a “robust internal probe” into detention of one of its employees.
RIL has posted a 4.5 per cent fall in its net profit at Rs 5,256 crore for the third quarter.
RIL will own a majority 51 per cent in the proposed JV, with the balance 49 per cent owned by Shandong Ruyi.
Reliance and Pemex will also explore international markets for “value added opportunities”, RIL said in a statement.
Govt will not give the new price benefit to Reliance Industries Limited until the issue of supply shortfall is resolved.
RIL shares closed 0.26 per cent lower at Rs 957.85 on the BSE on Monday.
The Securities and Exchange Board of India (Sebi) has slapped a penalty of Rs 13 crore on Reliance Industries Ltd (RIL) on the issue of correct disclosure of diluted earning per share (DEPS) — a key earnings ratio — for six quarters after a warrant issue. The penalty includes a fine of Rs 1 crore […]
RIL had in February 2011 announced a “transformational” deal when UK’s BP picked up 30 per cent stake in its 23 oil and gas blocks.
The tough stand was taken after RIL failed to comply with the ministry’s May 2012 notice, asking RIL to compute the government’s share of profit petroleum after deducting the disallowed costs.
Group investment target hiked to R1.8 lakh cr till 2017; 40% earmarked for R-Jio.
The court has issued notice to the petroleum and natural gas ministry and the directorate general of hydrocarbons along with RIL to respond to the plea.
On hold With no clarity, RIL and partners say unable to invest $4 billion.
The case was mentioned before the court of Justice Manmohan who will now take up the case on May 20.
The company’s turnover had declined to Rs 75,817.60 crore in CY13 from Rs 78,246.75 crore in CY12.