Reliance emerges as biggest wealth creator after 7 years: MOSL
Wednesday, December 18, 2019, 8:46 PM
After a gap of seven-years, Reliance Industries has once again emerged the biggest wealth creator over 2014-19, according to Motilal Oswal 24th Annual-Wealth-Creation-Study 2019 released. "The Rs.5.6-lakh-crore wealth created by Reliance is the highest ever so far by a-huge-margin. Five of the top 10 biggest wealth-creators are from the financial sector," said the study which analysed top 100 wealth-creating companies during the period 2014-19.
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.
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.