Reliance Industries Ltd and Reliance Petroleum amalgamation was approved by the Bombay High Court on Monday however stayed the order to allow those who are in opposition of the merger to issue a petition.

ONGC has come up as the leading earner on the Sensex Oil & Gas index.

Reportedly, the Securities Exchange Board of India has issued show-cause notice to Reliance Industries and its group units, subsequent to an inquiry into charges of insider trade in securities of Reliance Petroleum.

Security Exchange Board of India is supposed to have issued show-cause notice to Reliance Industries and its linked units subsequent to a survey into indicts of insider trade in securities of group firm Reliance Petroleum.

Reliance Industries Ltd seeks to have direct selling of petrol and diesel from its joint plants in Gujarat to the US, the biggest fuel consumer.

Reliance Industries has stated that the ranking agencies have confirmed the evaluation of debt mechanism for both Reliance Industries and Reliance Petroleum.

Reportedly, the company’s board sanctioned a Scheme of Amalgamation of RPL, the “Transferor Company” with the company according to the requirements of certain sections of the Companies Act.

Reliance Industries explores sanitary storages in the Gulf Coast and US East Coast for selling enormous volumes of fuel.

Reportedly, Securities and Exchange Board of India has got grievances against the inside trade by Reliance Petroleum.

Chevron Corporation, US oil major has plans to exit unbeneficial projects that may comprise its investment in Reliance Petroleum (RPL), a subordinate of Mukesh Ambani-led Reliance Industries (RIL).