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BP partners Reliance in $7.2 billion Indian oil hunt
Feb 21, 2011 21:26 EST
LONDON/NEW DELHI (Reuters) - BP lined up one of the biggest foreign direct investments in India to date with a $7.2 billion tie-up with the country's Reliance Industries to explore for deepwater oil and gas.
BP, India's Reliance in $20 bn energy tie-up
Feb 21, 2011 12:23 EST
British energy giant BP and India's Reliance Industries announced Monday a large investment deal which could be worth up to $20 billion, with later investment in key Indian oil and gas assets.
BP pays India's Reliance £4.44 bn in energy deal
Feb 21, 2011 07:41 EST
British energy giant BP said Monday that it will pay £4.44 billion ($7.2 billion) to Mumbai-based Reliance Industries for a 30-percent stake in 23 Indian oil and gas blocks.
Tycoon drama highlights Asian succession time bombs
Feb 20, 2011 01:00 EST
The very public battle over the $3-billion fortune of wheelchair-bound Stanley Ho makes for captivating viewing likely to be played out many times over as a rash of Asian tycoons reach old age.
India woos Muslim investors with new stock index
Feb 13, 2011 17:35 EST
India's stock market has traditionally been dominated by Hindu investors but the country has taken a step towards financial inclusion with the creation of a new index compliant with Islamic law.
Shares mixed, oil up as Egypt tensions rise
Feb 11, 2011 06:50 EST
Asian shares were mixed on Friday while oil surged amid rising tension in Egypt after President Hosni Mubarak enraged protesters by saying he would not step down.
India's Reliance ADAG denies accounting probe
Feb 10, 2011 10:37 EST
Shares in the companies of Indian billionaire Anil Ambani recovered some of their losses Thursday as he denied claims that the country's top accounting body was probing their financial affairs.
Asian stocks mixed following US jobs data
Feb 07, 2011 05:50 EST
Asian stock markets were mixed on Monday after a US jobs report gave a muddy picture of the state of the world's biggest economy, while concerns over Egypt pushed oil back above $100.
Easing Egypt fears, Dow surge boost Asian stocks
Feb 02, 2011 06:05 EST
Asian stocks jumped Wednesday after the Dow closed at a two-and-a-half-year high on the back of data indicating the US economy is gaining strength while easing tensions in Egypt improved sentiment.
Asia stocks mixed on weaker yen, China fears
Jan 24, 2011 05:50 EST
Asian stocks were mixed on Monday, with Japanese exporters helped by a weaker yen and gains in New York, but worries about China's inflation hurting Shanghai and Hong Kong.
India's Reliance Industries profit rises 28%
Jan 21, 2011 09:55 EST
Energy giant Reliance Industries, India's largest private company, said Friday quarterly net profit jumped 28 percent, lagging forecasts, even as its refining business improved on firm crude prices.
Reliance Q3 profit up 28 percent but lags forecast
Jan 21, 2011 07:08 EST
MUMBAI (Reuters) - India's largest listed company, Reliance Industries Ltd <RELI.BO>, posted its highest ever quarterly profit on higher refining and petrochemical margins, but lagged market estimates.
Asian markets mixed as China rebounds
Jan 21, 2011 06:41 EST
Asian markets were mixed Friday, with Shanghai rebounding from the previous day's losses but concerns persisting that China will announce more policy tightening to rein in its economy.
Indian billionaire barred from investing in stock market
Jan 14, 2011 14:34 EST
Indian billionaire Anil Ambani has been barred from investing in the stock market until December, authorities said Friday, in a settlement of a long-running regulatory inquiry into some of his companies.
India's new rich prove reluctant philanthropists
Dec 30, 2010 01:56 EST
A huge charity gift by a high-tech tycoon has shone a harsh light on the philanthropic track record of India's established and emerging billionaires.
Firms look to up solar power presence in India
Dec 22, 2010 16:43 EST
The Elephanta Caves, a UNESCO World Heritage Site off the coast of India's financial capital Mumbai, draw hundreds of thousands of tourists every year.
NBA signs two TV deals to air games in India
Dec 02, 2010 22:17 EST
NEW YORK (Reuters) - The National Basketball Association signed multiyear deals with media company Taj Television and a company majority-owned by Sony Corp to broadcast games in India, the U.S. sports league said on Thursday.
Indian mogul donates $2B in shares for education
Dec 02, 2010 11:37 EST
The end of India's stingy billionaires? IT mogul donates shares worth $2B for education. In a country where charity more typically goes to the household help, an Indian tech mogul's pledge to donate nearly $2 billion to fund education programs for the poor was a bombshell.
Indian media stars caught up in corruption scandal
Dec 01, 2010 23:35 EST
India's feisty media claim to be guardians of national democracy, but a scandal involving high-profile journalists and telephone taps has given the country its own WikiLeaks-style controversy.
Ambani shows off 'world's priciest home'
Nov 27, 2010 05:52 EST
Indian billionaire Mukesh Ambani has hosted a lavish housewarming party to show off his just-completed new skyscraper residence, believed to be the world's most expensive private home.
