The announcements drove Reliance Industries shares up as much as 12 per cent – their biggest such move since January 14, 2009.
Reliance Announces Jio Fiber Launch, Jio- Microsoft Cloud Partnership And $75 Bn Deal With Saudi Aramco
Aramco, the world’s biggest crude exporter, will also supply Reliance’s twin-refineries at Jamnagar in Gujarat with 7,00,000 barrels of oil a day on a long-term basis, Ambani said.
Reliance Industries said its Reliance Industrial Investments & Holdings subsidiary has concluded upon investing ₹295.25 crore in Mumbai-based Fynd. Thid comes as a deal that
The Jio Institute team is learnt to be in discussions with academic and institutional experts at various global institutes.
VBSL is a marquee project with a length of 17.17 km, which is three times the length of the Bandra-Worli Sea Link of 5.6 km.
Investment would mean more borrowings, but the reward could be revenue streams never seen before.
RInfra said its standalone debt was down by nearly 70% to Rs 5,960 crore in March 2019 from Rs 19,143 crore in March 2018.
A minority stake sale could fetch around $10 billion to $15 billion, valuing the Indian company’s refining and petrochemicals businesses at around $55 billion to 60 billion.
Overall bank loans increased 13.24% on-year to Rs 97.67 lakh crore in the fortnight to March 29. Pace of credit growth in FY18 was 9.85%.
Industry watchers said the last-minute bailout may mark the beginning of a more harmonious relationship between the two brothers after more than a decade of strained ties.