Reliance, Aramco and the ghost of OPEC

Reliance, Aramco and the ghost of OPEC

Mukesh Ambani’s Reliance Industries is reportedly in talks to sell a 25% stake in its refinery and petrochem business to Saudi Aramco for an estimated $10-15 billion. Details of the deal aren’t known yet, but it could be a gateway to India for the Saudi state-owned company that boasts of the world’s biggest crude oil reserves

Competition Comm gives nod to Schneider-L&T deal

Competition Comm gives nod to Schneider-L&T deal

The Competition Commission Thursday said it has given approval to Schneider’s acquisition of Larsen & Toubro’s electrical and automation business in a Rs 14,000-crore deal. However, the deal is subject to compliance of certain modifications, the Competition Commission of India (CCI) said.

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