Reliance ramped up production from near-zero to 1,000 tonnes per day and now produces over 11 per cent of India's total production of medical-grade liquid oxygen - meeting the needs of nearly every one in ten patients, a comp
Mukesh Ambani had in August 2019 announced talks for the sale of a 20 per cent stake in the oil-to-chemicals (O2C) business, which comprises its twin oil refineries at Jamnagar in Gujarat and petrochemical assets, to the worl
Lenders of Future Retail last week agreed to extend repayment of loans by up to two years, while converting unpaid interest into a funded interest term loan. The penal charges too will be waived under the recast plan.
Rights Entitlements of shares, the relatively new entrant in the Indian stock market, recently made news when India’s largest brokerage firm Zerodha reported that its customers lost Rs 10 crore in expired Rights Entitlement
This is mainly because of the erratic movement in bond yields in the US. The US 10-year treasury yields touched 1.6% once again on Friday. This may lead to rising inflation in the US which could prompt central banks to raise
RIL has been in ongoing discussions with Saudi Arabian Oil Company (Saudi Aramco) to sell a minority 20 per cent stake in its O2C businesses, which, if successful, should lead to further deleveraging of RIL.
RIL share price jumped over 2 per cent to Rs 2,048.70 apiece on BSE on Tuesday, after the oil-to-telecom conglomerate announced to reorganise its oil-to-chemical (O2C) business into an independent subsidiary
Earlier in the day, the apex court had allowed the NCLT, Mumbai to continue with the proceedings but asked not to pass a final order on the amalgamation of Future Retail Ltd (FRL) with Reliance Retail, as it agreed to hear Am