RIL Current Affairs - 2019

Category Wise PDF Compilations available at This Link

RIL, SBI ink Subscription and Shareholders’ Agreement for payments bank JV

Telecom-to-energy conglomerate Reliance Industries (RIL) and India’s largest lender State Bank of India (SBI) have signed Subscription and Shareholders’ Agreement to set up payments bank. As per the agreement, RIL will be the promoter with a 70 per cent equity contribution in the payments bank and SBI as joint venture will have 30 per cent Read More…

Month:  Categories: Business, Economy & Banking

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Petroleum Ministry: ‘CAG has the right to undertake audit KG-D6’

The Petroleum Ministry has stated that the Comptroller and Auditor General (CAG) has the right to undertake the audit of Reliance Industries Ltd (RIL)’s KG D6 block on behalf of the government. As per the Ministry, CAG can undertake the audit of block KG-DWN-98/3 of RIL under Section 20 of the CAG’s Duties, Powers and Read More…

Month:  Categories: Constitution & Law

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The Directorate-General of Hydrocarbons holds back approval for KG-D6 work programme

The Directorate-General of Hydrocarbons (DGH) has held back approvals for work programme (WP) and budget for KG-DWN-98/3 (KG-D6) block for 2012-13 and 2013-14. DGH has sought an explanation on various issues including the decision of the operator to cancel the plan of drilling two approved development wells and inability to adhere to the management committee Read More…

Month:  Categories: Business, Economy & Banking

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Reliance terminates lobbying activities in US

Mukesh Ambani- led Reliance Industries Limited (RIL) has terminated all its lobbying activities among US lawmakers after having spent nearly 2 million dollars (over Rs 10 crore) to its lobbyist firm, Barbour Griffith & Rogers LLC (BGR), in the past 4 years. BGR has lobbied for RIL in the areas of ‘domestic and foreign trade’ Read More…

Month:  Categories: Business, Economy & Banking

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Mukesh Ambani ranked 18th richest person in the world

As per Bloomberg Billionaires Index,  Chairman & MD of Reliance Industries, Mukesh Ambani has been ranked as the 18th richest person in the world with a personal wealth of $24.7 billion in 2012. As per the rankings top 5 positions are grabbed by: Carlos Slim Helu, Mexico, Telecommunication Business with holdings in America Movil (the Read More…

Month:  Categories: Business, Economy & Banking

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Gas production from KG-D6 declines

Gas output from India’s biggest gas producing fields in the Krishna Godavari basin (KG-D6) continued to decline and reched its lowest level since its inception. After touching peak production levels of 60 million of gas per day (mmscmd), the output was 22.77 mmscmd in the week ending December 9. What are the reasons for the Read More…

Month:  Categories: Places in News

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RIL plans to invest $10 billion on 4G network

After winning the licence to offer 4G network in 2010, Reliance Industries Ltd. (RIL) is now planning to invest $10 billion to start its 4G network across the country. Reliance will soon launch LTE (Long Term Evolution) network which is the faster version of the mobile Internet to offer services similar to Skype video and Read More…

Month:  Categories: Business, Economy & Banking

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