Even as the giant pact between Mukesh Ambani-led Reliance Industries and world’s most profitable firm Saudi Aramco continues to hog limelight, analysts say that the potential deal will help RIL in de-risking and de-leveraging.
Saudi Aramco’s maiden investment in India’s downstream sector is facing an uncertain future. The world’s most profitable company seems to have now set its eye on picking up stake in Reliance Industries’ already entrenched refining and petrochemical business, according to media report.
The latest move by Brookfield to buy the loss-making East West Pipeline Ltd (EWPL) for Rs 13,000 crore from Reliance Industries Chairman Mukesh Ambani will help address investor concerns over related party transactions, Morgan Stanley has said.
Reliance Industries chairman Mukesh Ambani has broken into the top 10 richest list globally with a networth of USD 54 billion, while his younger brother Anil has paled into the oblivion having lost over 65 percent of his networth, according to a report.
Richest Indian Mukesh Ambani said on Wednesday that India will lead the world in digital connectivity, which is bringing over billion minds to work together.
The Delhi High Court on Friday sought response from Mukesh Ambani-led Reliance Industries (RIL) and its partners on the government’s petition accusing it of “unjust enrichment of over $1.729 billion” by siphoning gas from deposits they had no right to exploit.
Billionaire Mukesh Ambani-owned Reliance Industries Ltd. is considering a plan to boost its oil-refining capacity by about half, people with knowledge of the matter said.
Hurun and Barclays have released the latest Hurun India Rich List for 2018. This is the seventh iteration of the annual ranking which highlights the richest individuals in India by way of net worth.
India’s first Rs 7.5 lakh crore company! Mukesh Ambani’s Reliance achieves yet another feat after beating TCS
Reliance Industries Ltd, the Mukesh Ambani-led oil-to-textile-to-telecom conglomerate, became India’s first Rs 7.5 lakh crore company in the stock market history on Tuesday, 31 July 2018.
Mukesh Ambani-controlled Reliance Industries is in talks with banks to raise up to $2.5 billion in loans from overseas market as it steps up pace of investments in telecom and retail businesses, four people familiar with the matter said.