Saturday 27 December 2014
 
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Reliance

India's Reliance to invest $16bn in petchem expansion

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

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E-marine completes cable repair

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

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Batelco in talks to buy stake in India's RComm unit

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

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Reliance joins Dubai Mercantile Exchange

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

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Reliance fined $1.3bn over fall in output

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

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Reliance to buy back $2bn shares

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). Reliance

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Dubai investor fined $9.6m by UK body

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

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Police 'probe India tycoon Ambani in graft case'

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. The 52-ye

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BP to buy $7.2bn stake in India oil firms

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

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Etisalat 'not in talks for Reliance tower unit'

UAE telecom giant Etisalat said it was not in talks to buy the tower arm of Reliance Communications, a major Indian telecommunication company. 'At this time, we are not considering an acquisition of Reliance Infratel,' Ahmed bin Al

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