Search Result for : Reliance Group

The Dollar Business Bureau India has imposed anti-dumping duty ranging between $23.78 to $300.22 on the imports of  Linear Alkyl Benzene (LAB) from China, Qatar and Iran. LAB is majorly used in the preparation of various detergents. A notice to the effect was issued by the DGAD  via Customs notification no.12/2017-CUSTOMS dated April 11, 2017, to protect the domestic players from the cheap dumping of the shipments. Two Indian companies, Nirma Ltd and Tamilnadu Petroproducts had jointly filed an application on 7th December, 2015 to the DGAD to investigate the cheap dumping of the chemical by various companies of Qatar, China and Iran. There are two other major Indian players in the market, the Reliance group and the Indian Oil Corporation. India ...

The Dollar Business Bureau Reliance Industries Ltd’s (RIL) indirectly fully-owned arm, Reliance Exploration & Production DMCC (REPDMCC), has signed an agreement to sell its entire interest of 76 percent in the Mauritius-incorporated GAPCO to Total Marketing and Services. REPDMCC has signed agreement with Total on May 30, 2016 for the sale of its entire 76 percent interest held by it in the GAPCO (Gulf Africa Petroleum Corporation), RIL said in a BSE filing on Tuesday. The proposed deal is subjected to approvals from regulatory bodies and other conditions that are applicable for such transactions, it added. GAPCO, a holding company, has operating arms in Kenya, Tanzania and Uganda, which are majorly involved in the imports of petroleum products. The company is also ...

Source: PTI Reliance Defence has signed strategic partnership agreement with three Ukrainian state- owned companies which will allow them to collaborate on a range of military products including transport aircraft, upgrade of armoured vehicles, maritime gas turbines and unmanned aerial vehicles. The development follows a meeting between Reliance Group Chairman Anil Ambani and Ukrainian President Petro Poroshenko in Ukraine this week. During the hour long meeting, the two leaders discussed issues of strategic interest between the Indian and Ukrainian defence and aerospace industry. "As a follow up of the meeting, a Strategic Partnership Agreement was signed between State Owned Ukroboronprom of Ukraine and Reliance Defence, which will allow it to collaborate with Antonov for its range of military and ...

The Dollar Business Bureau Reliance Capital Ltd. on Tuesday announced that it has signed an agreement with Nippon Life Insurance (NLI), a Japan-based Fortune 500 company, to increase the latter’s stake from 35% to 49% in Reliance Capital Asset Management (RCAM). As part of the agreement, the Japanese insurance major will invest Rs.1,196 crore ($184 million) in trenches to acquire an additional 14% stake in Reliance Capital. “The transaction pegs Reliance Capital Asset Management’s valuation at Rs.8,542 crore ($1.3 billion), the highest valuation till date for any asset management company in the country,” Reliance Capital Ltd. said in a statement. “Both Reliance Capital and Nippon Life Insurance have enjoyed an extraordinary relationship in the last few years and we see this mutual respect and ...

The Dollar Business Bureau Reliance Defence Limited (RDL), a subsidiary of Reliance Infrastructure Limited, has signed an agreement with Abu Dhabi Ship Building (ADSB) for the setting up of a strategic partnership for the construction of naval ships to cater to the demands of the Gulf Cooperation Council over the next 10 years. “Under this MoU, RDL and ADSB are investigating the opportunity to set up a strategic partnership for the construction of naval ships, including frigates, destroyers and other specialised vessels to address the Gulf Cooperation Council (GCC) over the next 10 years. “The agreement could also see ADSB delivering maintenance repair, overhaul and refit services to the vessels, in line with regioan requirements," the Anil Ambani-led firm said in ...