New Delhi, Dec 17 (IANS) Mukesh Ambani-led Reliance Industries Ltd (RIL) Thursday told the Supreme Court that the government can even undo a judicial verdict, if it is held that it has no powers to regulate gas prices based on production sharing contracts.
RIL counsel Harish Salve made this assertion before the three-member bench of Chief [...]
New Delhi, Dec 4 (IANS) The Allahabad High Court’s decision to restore the rights of farmers to protest acquisition of their land for Dadri power plant neither dilutes the commitment to the project nor is it a setback, Reliance Power said Friday.
Reacting to the court’s judgment upholding Section 4 of the Land Acquisition Act to [...]
New Delhi, Dec 3 (IANS) Reliance Natural Resources Ltd (RNRL) Thursday told the Supreme Court that the Krishna-Godavari gas from Reliance Industries Ltd (RIL) was not meant for the Dadri power project alone, seeking to correct a common misconception.
‘The gas supplied to the Anil Ambani Group by the Mukesh Ambani group shall not be used [...]
Los Angeles, Nov 21 (IANS) Reliance Big Entertainment and Brad Pitt’s production company Plan B have entered into a pact with leading video gaming firm Capcom to make the sci-fi action game ‘Drak Void’ into a motion picture.
‘The theatrical version of the ‘Dark Void’ game is being developed as a sci-fi action franchise and potential [...]
New Delhi, Nov 10 (IANS) The Anil Ambani group Tuesday opposed a move initiated by the government to become a party to the dispute over natural gas with Mukesh Ambani’s Reliance Industries and termed the attempt ‘dishonest and collusive’.
‘Reliance Natural Resources objects to the leave to appeal to be granted to the ministry of petroleum [...]
New Delhi, Nov 5 (IANS) The Supreme Court Thursday began hearing afresh the dispute over gas from Krishna-Godavari basin, assigned to Reliance Industries, with the Anil Ambani Group once again accusing the oil ministry of colluding with the Mukesh Ambani firm.
Harish Salve, counsel for Reliance Industries, presented the synopsis of the case and arguments on [...]
New Delhi, Oct 29 (IANS) The Supreme Court Thursday observed that the country will stand to gain if natural gas from the Krishna-Godavari basin is sold at a lower price, while Reliance Industries alone will benefit if the consideration is higher.
‘If the price is less, the country gains. If it’s more only you gain,’ observed [...]
New Delhi, Oct 27 (IANS) Just a few days before his term ends as the country’s oil regulator, V.K. Sibal has applied for early retirement from his parent company Oil India. His move comes even as the ministry has sought a three-month service extension for him.
According to sources in the company, Director General of Hydrocarbons [...]
New Delhi, Oct 25 (IANS) The Anil Ambani-led Reliance Infrastructure (R-Infra) has asked the power ministry to take up the issue of what it calls ‘unauthorized levy of marketing margin’ by Mukesh Ambani’s Reliance Industries for the Krishna-Godavari gas.
The power ministry has been requested to take the matter up with the empowered group of ministers [...]
New Delhi, Oct 22 (IANS) The Mukesh Ambani-led Reliance Industries Thursday told the Supreme Court that both the 17-year tenure for gas supply from Krishna-Godavari basin to younger sibling Anil Ambani’s firm and the price of $2.34 per unit were unacceptable.
The government’s gas pricing policy is only for five years and because of that the [...]
New Delhi, Oct 20 (IANS) The dispute over natural gas from Krishna-Godavari basin is not a fight between two companies, but one between two brothers, Mukesh and Anil Ambani, the Supreme Court observed Tuesday, as it commenced hearing the high-profile legal battle.
‘It’s like two countries, where there is no fight between their people,’ observed the [...]
New Delhi, Oct 19 (IANS) Following is the chronology of events surrounding the dispute over gas from the Krishna-Godavari basin between the Anil Ambani group and his elder brother Mukesh Ambani-led Reliance Industries:
February 1999: A consortium led by Reliance Industries emerges winner of the global auction for an exploration block in the basin, called KG-DWN-98-3, [...]
New Delhi, Oct 19 (IANS) The Supreme Court will Tuesday begin hearing of the dispute between the Mukesh Ambani-led Reliance Industries and Anil Ambani-led Reliance Natural Resources Ltd over supply of gas from the Krishna-Godavari basin.
The Anil Ambani company wants to secure 28 million units of gas a day from the Krishna-Godavari basin for 17 [...]
Mumbai, Oct 12 (IANS) The shares of companies in the respective stables of the two feuding Ambani brothers closed higher Monday, a day after an olive branch from younger Anil, that was welcomed as a ‘positive indicator’ by Mukesh.
Reliance Natural Resources, the energy arm of Anil Ambani group that is fighting a legal battle on [...]
New Delhi, Oct 9 (IANS) The Central Bureau of Investigation (CBI) Friday began its probe into the allegations against the Director General of Hydrocarbons, V.K. Sibal, that he took ‘favours’ from Mukesh Ambani-led Reliance Industries.
‘All we can say is that we have begun inquiry into the matter and for the same we received a letter [...]
New Delhi, Oct 9 (IANS) The Anil Dhirubhai Ambani Group has agreed to pay under protest a marketing margin to Reliance Industries for the gas supplied from the Krishna-Godavari basin, over and above the price formulae of the government.
In a letter to the oil ministry, the group has queried if the Mukesh Ambani-led Reliance Industries [...]
New Delhi, Oct 8 (IANS) The Anil Ambani group Thursday sought a thorough probe by the home ministry into alleged partisan conduct of Director General of Hydrocarbons V.K. Sibal and said it will file a criminal case against him for defamation.
In a letter to the home ministry, the group said charges by the director general [...]
Mumbai, Oct 7 (IANS) Adlabs Films, an integrated media and entertainment company in the Anil Ambani group, has changed its name to Reliance MediaWorks to reflect the expansion of its business portfolio from a purely film processing laboratory earlier.
The group said a change of name was warranted as Adlabs now also operates multiplexes under the [...]
New Delhi, Oct 6 (IANS) The Anil Ambani group has alleged misconduct by Director General of Hydrocarbons V.K. Sibal in a petition filed in the Supreme Court Tuesday and said he had a role in allowing a huge hike in the capital expenditure of Krishna-Godavari gas fields awarded to Reliance Industries.
The petition contends that in [...]
New Delhi, Oct 1 (IANS) The public spat and litigation between the Ambani brothers could adversely affect the sentiments of foreign companies interested in investing in India’s oil and gas exploration, the sectoral regulator said once again Thursday.
‘Any fight between corporates has a negative impact. No fight has a positive impact,’ Director General of Hydrocarbons [...]
Mumbai, Sep 28 (IANS) The Anil Ambani group has called the marketing margin for the gas produced by Reliance Industries from the Krishna-Godavari basin illegal and asked the oil ministry to prevent the company from suspending supplies as threatened.
In a letter to Petroleum Secretary R.S. Pandey, Reliance Infrastructure, a part of the Anil Ambani group, [...]
New Delhi, Sep 18 (IANS) The Anil Ambani group Friday asked the Supreme Court to dismiss a government petition that questions the validity of its contract with Mukesh Ambani-led Reliance Industries for natural gas supplies from the Krishna-Godavari basin.
The petition, filed by group company Reliance Natural Resources, says the government’s argument that Reliance Industries cannot [...]
