Reliance Industries hopes to produce an additional 30 million cubic metres per day of gas at its KG D6 field off India's east coast, chairman Mukesh Ambani said.

The additional production will be rea

A ministerial panel decided to auction a higher number of slots in an upcoming sale of second generation (2G) radio airwaves than that proposed by the Telecom Regulatory Authority of India (TRAI), a g

India has prepared a contingency plan for Greece exiting the eurozone and even a collapse of the monetary union, Indian officials said on Tuesday.

The euro zone debt crisis has already put a damper o

Billionaire Mukesh Ambani's Reliance Industries is piling up cash even as its profits shrink, fuelling investor disquiet over a tumbling share price and lack of clear vision at a company that was once

The BSE benchmark Sensex on Wednesday surged over 169 points in early trade, extending gains for the third straight session on sustained buying by funds and retailers amid a firming trend on other

Asian shares rose on Wednesday as concerns that Europe's financial strains could intensify following a warning from Spain that it was being shut out of credit markets fuelled hopes that policy makers

A sharp rally in gold at the end of last week prompted a wave of scrap selling in India and elsewhere in Asia as market participants took advantage of higher prices, while fresh buying was sluggish on

The Sensex provisionally rose 2.5 percent, posting its biggest daily percentage gain since January 3, as hopes the RBI would cut interest rates sparked a rally in sectors that could most benefit such

Abu Yahya al-Libi, one of al-Qaeda's top strategists and seen as the most prominent figure in the network after leader Ayman al Zawahri, may have been killed in a drone strike in northwest Pakistan, P

J.P.Morgan says the depreciation in both nominal and effective terms of the rupee has already resulted in a 'substantial' loosening of monetary conditions in India.

The bank estimates the 10 per cent