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RIL draws government ire by monopolising sale of its own CBM

Wednesday, October 30, 2019, 3:39 PM

The government is weighing options of terminating the production-sharing contract(PSC) or invoking arbitration to penalise Reliance Industries(RIL) for selling to itself all the coal bed methane(CBM) it produces, allegedly in violation of policy, sources said. The government has informed RIL of its objection to the gas sale, but the company asserted it had acted transparently and correctly, sources familiar with the development said.
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Former CVC KV Chowdary Joins Reliance Industries Board

Saturday, October 19, 2019, 5:30 PM

Mukesh Ambani's Reliance Industries has appointed former Central Vigilance Commissioner (CVC) KV Chowdary as a non-executive additional director. A 1978-batch Indian Revenue Service (IRS) officer, Chowdary served as the CVC from June 2015 to June 2019. He had also served as the Chairperson of Central Board of Direct Taxes (CBDT), the policy-making body of the Income Tax Department.
 
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Mukesh Ambani richest Indian with net worth of Rs 3,80,700 cr: Report

Wednesday, September 25, 2019, 5:08 PM

Reliance Industries' Chairman Mukesh Ambani has topped the list of richest Indians for the eighth consecutive year, with a net worth of Rs.3,80,700-crore, according to the latest IIFL Wealth Hurun India Rich List. London-based SP Hinduja & family, with assets worth Rs.1,86,500-crore, retained the second rank in the list, followed by Wipro founder Azim Premji at the third place with a wealth of Rs.1,17,100-crore.

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