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Latest Articles in reliance

Reliance Gets NCLT Permission To Seek Creditors' Nod For Proposed Future-Retail Deal

The Mumbai bench of NCLT, led by Suchitra Kanuparthi, allowed the application by Reliance Retail's creditors and shareholders to convene meetings to seek approval for the deal. NCLT's detailed order in the matter is awaited.

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Reliance Says Dropped Merger Plans With Zee On Role Of Founders

Hours after Zee Entertainment Enterprises Ltd''s biggest shareholder named it as a firm that could help revive the television company''s fortunes, billionaire Mukesh Ambani''s firm issued a statement clarifying its position.

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Gas Price Increase Positive For ONGC, Reliance: Fitch

Domestically produced gas is supplied on a priority basis to certain sectors, with 30 per cent of it being consumed by power producers, around 27 per cent by the fertiliser sector and 19 per cent by city gas distributors in FY21.

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Reliance, Reliance-BP Mobility Get Fuel Retailing Licence

RIL already had a fuel retailing licence, under which it had set up over 1,400 petrol pumps in the country. But this licence was transferred to its subsidiary Reliance BP Mobility (RBML).

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Clean Tech Next Hypergrowth Opportunity For Reliance, Say Brokerages

Ambani expects to conclude sale of a 20 per cent stake in O2C business to Saudi Aramco this year but the extent of upfront cash component in the transaction will determine the extent of the benefit to RIL

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Reliance To Invest Rs 75,000 Cr In New Energy Business

Reliance will establish and enable at least 100 GW of solar energy by 2030. A significant part of this will come from rooftop solar and decentralised solar installations in villages

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Fitch Upgrades Reliance Rating A Notch Above India's Sovereign Rating

Fitch expected RIL's EBITDA to increase to around Rs 1.1 lakh crore in FY22, supported by a recovery in petrochemical spreads, transportation fuel cracks, higher refining throughput and a continued rise in digital services EBITDA.

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Ambani Says No Option But To Make Businesses Green

RIL also plans to develop next-gen carbon capture and storage technologies. It is evaluating novel catalytic and electrochemical transformations to use CO2 as a valuable feedstock.

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Saudi Aramco Rep On Reliance Board?

RIL had in 2019 put USD 75 billion as the value of O2C business after signing a non-binding letter of intent with Saudi Aramco.

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Sensex Falls 334 Points, Nifty Slips Below 15,650

The Auto sector plunged the most dragged by shares of Tata Motors, Ashok Leyland, and Motherson Sumi.

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Reliance, BP Start Up Second Deepwater Gas Field In KG-D6 Block

The field is located about 60 km from the existing onshore terminal at Kakinada, in Andhra Pradesh in water depths of up to 1,850 meters.

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Reliance Gets Shareholders, Creditors Nod For Hiving Off O2C Business Into Separate Unit

RIL said 99.99 per cent of shareholders, who participated in the meeting held through video conferencing, voted in favour of the resolution.

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Gas Price For ONGC Remains At Decade Low Of $1.79, Falls 11% For Reliance-BP

Natural gas price is set every six months -- on April 1 and October 1 -- each year based on rates prevalent in surplus nations such as the US, Canada and Russia in one year with a lag of one quarter.

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GE To Provide Maintenance Services, Digital Solutions For 718-MW Meghnaghat Plant In Bangladesh

The plant is owned by Reliance Bangladesh LNG & Power Ltd, a joint venture between India's Reliance Power Limited and Japan’s JERA Co Inc.

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Reliance Securities Named As India's 10 Most Promising Share Trading Platforms Of 2020

Reliance Securities has been creating continuous value for customers as part of its SDE initiative. It has been continuously developing analytically driven solutions for digital consumer engagements across advisory, research, transactions, education, training and awareness creation .

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