Search Result for : Reliance Industries Ltd

The Dollar Business Bureau (Source: Reuters India)   Reliance Industries Ltd will export an additional 500,000 tonnes of naphtha in 2017-18 as it has switched to using ethane at its petrochemcial projects, a company executive said.   Reliance aims to import 1.3 million tonnes-1.4 million tonnes of ethane in 2017-18, said Vipul Shah, chief operating officer for petrochemicals, Reliance, told reporters.

The Dollar Business Bureau  Reliance Infrastructure Ltd said on Thursday that its wholly-owned subsidiary Reliance Defence has signed a pact with French industrial conglomerate - Daher for manufacturing aerospace equipment. “This offers a great opportunity for both the companies to work together for aerospace composites parts manufacturer. There is an increasing demand in aerospace sector for the composite components,” said Reliance Infrastructure in a filing with BSE. Reliance Defence, while signing a memorandum of understanding (MoU) with Daher on the sidelines of Paris Air Show, envisions a strategic partnership with the company aiming to jointly explore possibilities in designing and manufacturing of composite parts; designing and building welded ducts, swaged pipes, metal conduits and cable harness supports; aerostructure components, airframes/assemblies, integrated logistics and other related ...

The Dollar Business Bureau Oil imports of India from Iran surged marginally in the month of January from the previous month as the refiners from India received entire volumes from major OPEC (Organisation of Petroleum Exporting Countries) producers Iraq and Saudi Arabia, as per the shipping data. Iran used to be the second largest supplier of oil to India, but now this position belongs to its regional-competitor Iraq after the West imposed strict sanctions on Tehran over its nuclear programme, which limited its exports and accessibility to finance. In January 2017, Iran was India’s third largest oil supplier after Saudi Arabia, followed by Iraq. Oil imports of India from Iran have increased sharply after the sanctions were removed last year. In the said month, oil ...

The Dollar Business Bureau The utilisation levels of India’s free trade agreements (FTAs) lie between 5% and 15%. This is the lowest rate of FTA utilisation in the world which is mainly due to the country’s import competitiveness, Ajay Sahai, Director General and CEO of Federation of Indian Export Organisations (FIEO) said. Ajay Sahai was speaking at the Power Series Conclave 2016-17, organised by The Dollar Business under the theme - Why Make‘in’g India, an export manufacturing superpower, is the need of the hour. So far India has signed 16 FTAs with different countries but the utilisation levels are very low when compared to other countries. This would benefit the countries with whom India has signed the FTAs, Sahai said. Expressing similar views, Anil ...

The Dollar Business Bureau India is planning to impose an anti-dumping duty, up to $168.76 per tonne on five countries including China and Iran, for the import of a chemical that is used in the packaging and textile industry. Anti-dumping duties are imposed to save domestic players from losses. Indian players Reliance Industries Ltd (RIL) and MCC PTA India Corp have together filed an application asking for an anti-dumping investigation. The Directorate General of Anti-Dumping and Allied Duties (DGAD) has discovered that ‘Purified Terephthalic Acid’ that was exported to India from Indonesia, Iran, China, Taiwan and Malaysia was of low-quality and had to be dumped. The DGAD confirmed under such conditions it becomes inevitable to impose anti-dumping duties on the exporting countries. The DGAD ...

The Dollar Business Bureau Telecom Commission has backed the lowering of the spectrum usage charges (SUC) for telcos to 3% of their annual revenue on all brands during the July 2016 auction. However, the panel has decided that the payout for the carriers will not be less than what it currently is, a decision taken to prevent the loss of revenue. The calculation of revenue has become complicated as these telecom companies were allocated 3G and 4G services. It was easy prior to 2010, when there was only 2G spectrum. The telecom department’s technical panel said it is difficult to segregate revenues due to the companies’ airwaves in multiple brands. The SUC has been one of the most controversial issues of late. Reliance Jio has ...

The Dollar Business Bureau International oil firms like Saudi Aramco, Total SA and BP plc are planning to tap India’s retail fuel market, Oil Minister Dharmendra Pradhan said on Friday. This clearly reflects the increasing role of the country in the crude landscape of the world, he said. The fuel market of world's fastest growing economy can be a lucrative prize for the global oil majors seeking retail outlets for diesel and gasoline. The country has registered the fastest growth in oil demand across the world during the first quarter of CY 2016. India is replacing China as the driver of global growth, as per the International Energy Agency’s latest report. Saudi Aramco wants to enter the Indian market and the Indian Government ...

The Dollar Business Bureau Reliance Industries Ltd (RIL), the Mukesh Ambani-led conglomerate, leads the tally of 56 Indian companies which are featured in the annual list of Forbes’s 2,000 largest and most powerful public companies in the world. The US is leading the list with 586 companies. The Forbes list of ‘Global 2000’ in 2016, a comprehensive list of the largest and biggest companies of the world, highlights the dominance of US and China in the present world business scenario. The companies, based in the US and China, take over the top 10 positions with only Toyota Motor Corp from Japan standing at the 10th position. India’s 56th position in the list remains the same as the previous year while RIL maintains its position of ...