Gandhinagar: India’s richest person Mukesh Ambani today committed to invest Rs 3 lakh crore in various projects in the next 10 years in Gujarat, ranging from energy and petrochemical to new technology and digital business.
Reliance Industries Ltd, India’s biggest company by market value, gained 3.46% on the bourses after its petrochemicals, retail and telecom operations continued to report better than expected earnings.
Singapore: Oil prices climbed 1% on Friday after a report from the Organization of the Petroleum Exporting Countries (OPEC) showed its production fell sharply last month, easing fears about prolonged oversupply. US West Texas Intermediate (WTI) crude futures were at $52.59 per barrel at 0718 GMT, up 52 cents, or 1%, from their last settlement.
London: OPEC on Friday published a list of oil production cuts by its members and other major producers for the six months to June, an effort to boost confidence in the move designed to avoid a supply glut in 2019.
Shares of Reliance Industries Ltd (RIL) have risen 22% in the past year, compared to a 6% decline in the Nifty 500 index. This is despite the fact that refining margins are subdued right now and spreads in the petrochemicals business have come off.
Mumbai: Reliance Industries Ltd (RIL) on Thursday said fiscal-third quarter (Q3) profit rose 8.82% from a year earlier, driven by higher price realizations in its petrochemical, telecom and retail businesses.
Mumbai: Canada-based Niko Resources Plc has served a notice of arbitration to Reliance Industries Ltd (RIL) and BP Plc, its partners in the D6 block in the Krishna-Godavari basin.
Mumbai: Reliance Industries Ltd’s quarterly net profit crossed the Rs 10,000-crore mark in the three months through December, a first for any Indian private sector company. The company posted a 7.7% quarter-on-quarter rise in consolidated net profit to Rs 10,251 crore as its petrochemicals and consumer businesses offset challenges in refining operations during the last…
London: OPEC said on Thursday it had cut oil output sharply in December before a new accord to limit supply took effect, suggesting producers have made a strong start to averting a new glut.
Ahmedabad: In what would be its largest investment in India till date, BASF SE, headquartered in Ludwigshafen, Germany, today signed a memorandum of understanding (MoU) with the Ahmedabad-based Adani group to evaluate a major joint investment in the acrylics value chain, according to a joint media statement issued by the companies.