Tag Archives: 1.55

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 gas belonging to Oil and Natural Gas Corporation (ONGC). Calgary-based Niko Resources Ltd, which holds a 10 per cent interest in Reliance Industries-operated KG-DWN-98/3 or KG-D6 ... Read More »

Penalty Of $1.55 Billion On Reliance Industries Exaggerated: Brokerages

New Delhi: A penalty of $1.55 billion slapped by the government on Reliance Industries for producing Oil and Natural Gas Corporation’s natural gas is “grossly exaggerated”, brokerage firms said on Monday. Citi Research said it had expected that Reliance Industries’ liability should be limited to the net cumulative EBIT earned by it from the disputed volumes, which it had estimated ... Read More »

Royal Enfield Himalayan Launched in India; Prices Start at 1.55 Lakh

The Royal Enfield Himalayan has finally entered the Indian two-wheeler market with an aggressive price point of 1.55 Lakh (ex-showroom, Munbai) and 1.78 Lakh (On-Road). The bike was one off the most awaited launched in 2016 and is the first ground-up, new Royal Enfield motorcycle to be launched in India. That said, the company has confirmed that the bike will ... Read More »