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Aramco
Business  /  Published 07.09.20

RIL unveils spinoff plan for O2C biz

Reliance Industries Ltd (RIL) has formally set in motion the process of spinning off its oil-to-chemical (O2C) business into a separate subsidiary and induct partners into the entity. It has come up ...
By Our Special Correspondent in Mumbai

Business  /  Published 11.08.20

Aramco revives Reliance Industries interest

Saudi Aramco has indicated that it is doing a due diligence on picking up a stake in the oil-to-chemicals (O2C) business of Reliance Industries, which raises the prospects of some movement in the prop...
By Our Special Correspondent in Mumbai

Business  /  Published 05.08.20

Clarity on fuel retail foray

The fuel retail business in the country is set to face some competition with the petroleum ministry simplifying norms for bulk and retail sale of petrol and diesel. An entity with a net worth of at l...
By Our Special Correspondent in New Delhi

Business  /  Published 30.07.20

BPCL bid deadline now September 30

The deadline to submit expressions of interest (EoIs) for PSU refiner BPCL has been extended for the third time till September 30. “In view of the further requests received from the interested ...
By Our Special Correspondent in New Delhi

Business  /  Published 20.07.20

Aversion to China steps up interest in BPL stake

The privatisation of BPCL is expected to benefit from the growing forebodings among oil multinationals about investment in China in the wake of its failings to disclose the coronavirus pandemic. Besi...
By R. Suryamurthy in New Delhi

Business  /  Published 18.07.20

Oil giants in race for BPCL

Global giants such as Saudi Aramco, Exxon Mobil and India’s Reliance Industries are in the race to pick up the Centre’s 52.98 per cent stake in BPCL as the shares of the PSU jumped 12.65 p...
By Our Special Correspondent in New Delhi

Business  /  Published 16.07.20

RIL: Armaco deal off

The Aramco deal is off — at least for now. Mukesh Ambani, the sixth richest man in the world, has seen everything go swimmingly well at a time every other industrialist has moaned about how the...
By Our Special Correspondent in Mumbai

Business  /  Published 19.05.20

RIL details rights offer use

Reliance Industries (RIL) will use almost 75 per cent of the proceeds of its rights issue for the repayment of some of its borrowings, according to the offer document.The oil-to-telecom giant expects ...
By Our Special Correspondent in Mumbai

Business  /  Published 15.06.20

RIL primed for more Jio Platforms deals

 After hawking a little over 22 per cent of its digital services arm to foreign investors, Reliance Industries may be hungry for more given the rich valuations it has bagged.Analysts are not ruli...
By Our Special Correspondent in Mumbai

Business  /  Published 22.04.20

Boost for RIL debt-free goal

The $5.7-billion transaction between Reliance Industries and Facebook has reignited optimism about the oil-to-telecom giant turning net debt free by March 2021.Analysts feel RIL is on course to realis...
By Our Special Correspondent in Mumbai


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