PSU explorer ONGC and private firm Reliance Industries (RIL), which are expected to commence production from coal bed methane (CBM) blocks this fiscal, may get a ‘better price’ than the prevailing domestic gas price. The price of natural gas, based on a formula approved by the Modi government last October, would further reduce to $4.15-$4.20/mBtu from October 1 against $5.18/mBtu now, given the movements in benchmark prices in the relevant period. At this price, commencing CBM production from a new block seems economically unviable, forcing the petroleum ministry to look for better options for monetisation of CBM resources.

Reliance Industries has expressed its readiness to pump in more money to create an ecosystem to build high-value start-ups with an objective to put the country on the global map as a start-up and innovation hub at par with Israel and the Silicon Valley by 2022.

GenNext Innovation Hub, RIL's startup accelerator programme run in partnership with Microsoft Ventures, has inducted its second batch of 10 startups this week, which includes two Israeli companies, with a view to bring global exposure to the fledgling startup ecosystem in the country.

Reliance Industries has expressed its readiness to pump in more money to create an ecosystem to build high-value startups with an objective to put the country on the global map as a start-up and innovation hub at par with Israel and the Silicon Valley by 2022.

GenNext Innovation Hub, RIL's startup accelerator programme run in partnership with Microsoft Ventures, has inducted its second batch of 10 startups this week, which includes two Israeli companies, with a view to bring global exposure to the fledgling startup ecosystem in the country.

The BSE benchmark Sensex seems to be under-reporting the extent of pain gripping the broader market. Nearly a third of the BSE 500 companies (176 stocks) have lost all the gains they made since the Narendra Modi-led government took charge at the Centre on May 26 last year. And, more than 10 per cent (40 of 498 companies) have lost at least half their market value during the past 15 months.

The biggest losers have been infrastructure companies, metal makers, power generators, sugar companies, real estate developers and oil & gas companies, among others. The losses came at a time when, incidentally, infra and capital expenditure-related companies were supposed to be the biggest beneficiaries of the Modi government's infra spending push.

Reliance Jio Infocomm Ltd (RJIL), a subsidiary of Reliance Industries Ltd (RIL), has rolled out its 'Jionet' High Speed Wi-Fi Internet service at select locations in Bhubaneswar.

The service is available at four locations, including Odisha University of Agriculture & Technology (OUAT), Surya Nagar, Gopabandhu Chowk and Governor House Road, covering popular areas like Reliance Fresh Retail outlet, Gopabandhu market complex and ICICI Bank.

Reliance Industries has raised $225 million (approx Rs 1,468 crore) through overseas bond issue due in 2026, guaranteed by the Export-Import Bank of the United States.

In a statement the company said it has "priced an offering of $225 million, 2.512% on notes due in 2026 guaranteed by the Export-Import Bank of the United States."

The Reserve Bank of India (RBI) on Wednesday allowed 11 business houses, including Reliance Industries, the Aditya Birla group and leading telecom companies Airtel and Vodafone to start payments banks.

Bharti Airtel and Reliance Industries had earlier tied up with Kotak Mahindra Bank and State Bank of India, respectively, for payments bank operations.

NEW DELHI: The Narendra Modi government has accused Reliance Industries of armtwisting it into implementing the January 2014 guidelines on natural gas pricing by slapping a notice declaring its intention to pursue international arbitration to break the deadlock on the issue.

In fresh submissions filed in the Supreme Court on Monday, the government suggested that the issue of gas pricing was not subject to international arbitration as it was an economic decision, which could not even be scrutinised by the domestic courts.

To be ahead of Reliance Industries in the 4G battle, Bharti Airtel on Thursday announced the commercial launch of 4G services in 296 towns across India after testing the market in select cities. Reliance Industries plans to start pan-India 4G services in December. Bharti Airtel has exclusively partnered with Samsung to roll out this service.

Airtel customers can enjoy 4G at 3G data prices with packs starting at Rs 25, the company said.

A shift in investment from bank deposits to instruments like mutual funds and government securities has trimmed treasury profit for Reliance Industries to just over 29 per cent of the net income in the June quarter, from 40 per cent for many quarters.

Trading profit, which used to average around 40 per cent in the past years, has narrowed to just about Rs 1,832 crore which is 29.4 per cent of the overall net income of Rs 6,222 crore in the quarter to June of the firm, according to the Q1 numbers released by it.

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