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PTI 03:10 PM | October 21,2009
During hearing of the dispute over supply of gas by RIL to RNRL at $2.34 per mmBtu, the bench headed by chief justice K.G. Balakrishnan said the two parties could arrive at a “suitable arrangement” through arbitration
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PTI 06:40 PM | October 20,2009
RIL board had not approved the family MoU that provides for supply of gas by the company to RNRL, RIL’s senior counsel Harish Salve told the apex court
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11:33 PM | October 19,2009
The Union government, in a reply to RNRL’s contention, asserted its right to file a petition in the Supreme Court against the Bombay high court verdict of 15 June
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09:17 PM | October 19,2009
Government approves NTPC stake sale; oil industry body writes to the prime minister criticizing ADAG
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Rina Chandran / Reuters 04:30 PM | October 16,2009
The Supreme Court will on Tuesday start hearing arguments in the case between Reliance Industries, headed by Mukesh, and Reliance Natural Resources, led by Anil, over a deal to sell gas to RNRL at below-market rates as per a family settlement
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PTI 01:40 PM | October 11,2009
In its reply to the RNRL’s SLP, RIL said that RNRL was “misleading” the court by alleging that it will gain Rs50,000 crore as the difference in revenue between the governmnet approved price of $4.2 and $2.34 for 28 MMSCMD of gas over 17 years
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Rakteem Katakey / Bloomberg 10:53 PM | October 09,2009
R-Infra responded to the notice of suspension by RIL on 7 October, saying it would pay the full billed amount
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PTI 05:47 PM | October 07,2009
RIL also claimed that Adag’s power firm would make a windfall profit of Rs70,000 crore as the entire fuel cost will be passed on to the consumer
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PTI 02:14 PM | September 28,2009
In a letter to petroleum secretary R.S. Pandey, Reliance Infrastructure also sought to know whether RIL was entitled to charge the marketing margin despite the fact that “RIL is not sharing this part of sales consideration with the government
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PTI 05:18 PM | September 24,2009
On 22 September, RIL served a notice to R-Infra for suspension of gas supply due to payment default for the first fortnight of this month
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PTI 03:52 PM | September 15,2009
The promoters of the three firms have got around 14.90 crore shares released which had been pledged to lenders, according to disclosures made by the firms on the BSE
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PTI 01:23 PM | September 09,2009
The two sides had approached Supreme Court challenging a decision by the Bombay High Court on 15 June, which said RIL should provide 28 million cubic metres of gas per day to RNRL
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PTI 11:10 AM | September 09,2009
Reliance Capital will issue 12 lakh shares in the first tranche under the employee stock option plan (ESOP) valued over Rs100 crore
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PTI 03:09 PM | August 24,2009
RIL Petroleum CEO said it is necessary to nip these malafide endeavours in the bud for the sake of the energy security of the country
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10:47 PM | August 21,2009
BJP in crisis, sacks senior party leader Jaswant Singh; a new study suggests poverty in India is worse than previously thought
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