The Securities and Exchange Board of India may ask Reliance Industries Ltd. to pay as much as 20.5 billion rupees to settle charges of insider trading, the Mint newspaper reported today, citing people it didn’t identify.
India’s Reliance Industries Ltd., Norway’s Statoil ASA and Occidental Petroleum Corp. may be among bidders for El Paso Corp.’s oil and natural-gas unit as the companies seek to expand their stakes in U.S. shale fields.
Reliance Industries Ltd., owner of the world’s biggest refining complex, increased exports last month from its plants on India’s west coast to at least 2.4 million metric tons of oil products, shipping data show.
Reliance Industries Ltd. , seeking to tap foreign demand for assets from Asia’s second-fastest-growing economy, plans to raise at least $1 billion in the biggest dollar-denominated bond sale by a non-bank India company.
Fuel exports by Reliance Industries Ltd. , India’s largest publicly traded company, climbed at least 15 percent in May as the owner of the world’s biggest refining complex more than tripled jet fuel shipments.