Saudi Aramco and India's Reliance Industries have not yet concluded a term contract to import diesel and gasoline, three industry sources said, fanning market speculation that the long-standing annual deal may not be renewed.
India's Reliance Industries (RIL) will invest about $16 billion to expand its petrochemical production capacity and lower feed and fuel costs, a report said.
RIL is investing $4.6 billion in an integrated gasification combined
E-marine, a leader in submarine cable installation and repair solutions in the Middle East, has completed a cable repair in the Arabian Sea, despite severe weather conditions.
Reliance Globalcom's Flag Europe-Asia (FEA) cable
Bahrain Telecommunications Company (Batelco) is in talks with Reliance Communications to buy a stake in the Indian operator's enterprise business unit, the former monopoly said on Thursday.
"We are in discussions with Rel
Reliance Industries Limited (RIL), India’s largest oil refiner and private sector enterprise, has become the newest member of the Dubai Mercantile Exchange (DME).
Reliance Industries is DME’s 26th off floor member, and its d
India's government has asked energy giant Reliance Industries to pay a $1.25 billion penalty for a fall in gas production from its main oilfields, a company executive said.
The government and investors have been concerned for months over R
Indian energy conglomerate Reliance Industries reported its first quarterly profit drop in more than two years, and moved to bolster its underperforming shares by announcing a share buyback of up to Rs104.4 billion ($2.1 billion).
A Dubai-based private investor has been fined a record $9.6 million for manipulating the securities of Indian refining giant Reliance Industries on the London Stock Exchange.
Britain's Financial Services Authority (FSA) said on Wednesd
Indian federal police are investigating the role of top tycoon Anil Ambani in a multi-billion dollar telecoms scandal that has rocked its political and business elites, the Press Trust of India (PTI) news agency said on Thursday.
Britain's BP will acquire a major stake worth up $7.2 billion in two dozen of oil and gas blocks owned by India’s Reliance Industries after Indian government gave its green signal for the deal.
Under the agreement, announced in Februar