Pioneer, which has about 230,000 acres in the Eagle Ford Basin according to its website, sold a 45% interest in the property to Reliance for $1.2 billion in 2010. The Eagle Ford Basin asset is a three-way joint venture between Mumbai, India-based Reliance; Irving, Texas-based Pioneer, and a division of Mexico's Alpha SAB de CV.

Sebi in August had passed an order against RIL for allegedly failing to disclose of a key financial metric to investors.

Of Ambani's three main private operating companies, Reliance Gas & Transportation, the gas pipeline company, widened its loss to a record high of Rs 3,400 crore in fiscal 2014 from Rs 900 crore loss in FY2013, as gas production from RIL's Krishna Godavari basin fell over the years.

RBI will release its monetary policy at 11am. RBI to maintain repurchase rate at 8% to shield the rupee from potential increases in US borrowing costs and sustain a fight against inflation, all 51 analysts in a Bloomberg survey predict. The government will also announce fiscal deficit data on Tuesday.

The rating agency — which revised its outlook on India from negative to stable — has revised the outlook for Reliance Industries to stable from negative while affirming the company's rating as BBB+, two notches higher than India's sovereign rating of BBB-.

Reliance Industries, Hindalco Industries, Tata Steel, Larsen and Toubro, BHEL, DLF, Tata Power Company, Reliance Infrastructure, Cairn India and Reliance Capital are among few notable shares touched three-month low on BSE during the current week.

With a net worth of $23.6 billion, up $2.6 billion from past year, Reliance Industries chief Mukesh Ambani topped the list for an eighth consecutive year. Ambani was followed by Dilip Shanghvi, founder of Sun Pharmaceutical Industries, who got richer by $4.1 billion this year. Shanghvi is at number 2, after he displaced steel baron Lakshmi Mittal ($15.8 billion), who slipped to fifth place.

The loan is guaranteed by Reliance Industries and will be primarily used to finance goods and services procured from Samsung Electronics for the infrastructure roll-out of Reliance Jio, the company stated. The loan is for 12 years that includes a two-year availability period and repayable over 10 years thereafter. This is the first loan between Reliance group and Korea Exim Bank. The deal is Korea Exim Bank’s largest telecom infrastructure financing till date and the largest deal in India.

Ambani said 'Make in India'is a coinage typical of "narendra bhai modiji". It is about present and future, and not past as described by "made in India".

“The decision has been extended till November 15. It is part of the decision-making process,” telecom and law minister Ravi Shankar Prasad told reporters after a Cabinet meeting. When asked the reason for the deferment, Prasad said: “I am surprised we are focusing on this when so many other important decisions have been taken today (Wednesday).”