In August 2022, Saudi Arabian Oil Company said that they have signed an equity purchase agreement to acquire Valvoline's global products business for $2.65 billion...

The bumper first-quarter earnings by the firm show a record net income of $39.5 billion, up from $21.7 billion during the same period last year...

Last month, RIL and Aramco shelved their plans under which Aramco was to take 20 per cent in RIL’s O2C business...

Analysts at Credit Suisse said the development is a negative surprise...

In August 2019, both the companies had signed a letter of intent that would have seen the Saudi oil giant picking up a 20 per cent stake in RIL’s O2C business...

The announcement signalling the decision to abandon the non-binding letter of intent that the two sides signed two years ago came late Friday night...

The development comes at a time a rise in shareholder activism has seen some crucial resolutions placed by other listed firms being rejected...

This rare endorsement by the oil-to-telecom giant comes amid a burst of shareholder activism where managements are getting pilloried on issues...

The pension fund, which has assets worth over $318 billion, holds about 53.07 lakh fully and partly paid shares of Reliance Industries according to its website...

The Mukesh Ambani-led firm is seeking shareholder approval through a postal ballot...