Hiranandani family to invest Rs 3,500 crore in oil and gas projects

Hiranandani family to invest Rs 3,500 crore in oil and gas projects

Niranjan Hiranandani’s family is investing around Rs3,500 crore to build liquified natural gas (LNG) terminals in Maharashtra and West Bengal, in a diversification for the Mumbai-based developer who built the iconic 250-acre Hiranandani Gardens township in suburban Powai. Led by...
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Real estate, natural gas may soon be brought under GST, says Arun Jaitley

Real estate, natural gas may soon be brought under GST, says Arun Jaitley

Finance minister Arun Jaitley. Any such decision will need to be cleared by the GST Council which includes finance ministers of all states and the central government. Photo: PTI New Delhi: Finance minister Arun Jaitley on Monday hinted at the possibility...
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India to buy 1 million tonnes Australian liquefied natural gas after new price maths

India to buy 1 million tonnes Australian liquefied natural gas after new price maths

India will buy an additional one million tonnes (mt) per annum of liquefied natural gas (LNG) from Australia’s Gorgon project after it got Exxon Mobil Corp to cut price agreed to eight years ago. Exxon will charge 12.5% of prevailing Brent...
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Mukesh Ambani blinks, drops gas price challenge against govt

Mukesh Ambani blinks, drops gas price challenge against govt

Billionaire Mukesh Ambani-led Reliance Industries and its British partner BP plc have withdrawn a legal challenge they had mounted three years back against the government over delay in gas price revision. The withdrawal of the arbitration will now entitle the....
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Sensex Ends 80 Points Lower; Oil & Gas Stocks Fall

Sensex Ends 80 Points Lower; Oil & Gas Stocks Fall

Indian shares fell on Thursday as investors booked profits in recent outperformers, while soft U.S. economic data, a relatively hawkish Federal Reserve and worries of political turmoil in the world’s largest economy hurt sentiment. The BSE Sensex ended 0...
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Reliance Industries Partners Consider Joining Arbitration In $1.55 Billion Gas Row

Reliance Industries Partners Consider Joining Arbitration In $1.55 Billion Gas Row

New Delhi: Reliance Industries’ partners are considering joining the arbitration that the Mukesh Ambani-run firm is planning to initiate against the government for slapping a $1.55 billion demand for “unfairly enriching” by producing natural ...
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