Tag: reliance industries

A Jio-BP petrol pump. While Reliance Industries runs only 2% of the more than 102,000 fuel stations in India, it’s the first operator to go beyond price hikes to rationing supply.
Posted in Business

Reliance caps fuel sales to ₹1,000 per visit at Jio-BP petrol pumps as shortages deepen| Business News

Reliance Industries Ltd. has capped fuel purchases across its petrol pumps as the Iran war continues to choke off supplies despite a tentative ceasefire. A…

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Posted in Economy

Iran-India fuel trade begins after strait open sesame. Traffic of ‘friendly’ India can pass, says Araghchi; first LPG cargo due this week

Indian refiners have begun buying Iranian crude oil and LPG after the temporary lifting of US sanctions, to make up for supplies lost due to…

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The Jio Platforms IPO gathered momentum last week after the finance ministry eased public shareholding norms for large caps. (Reuters)
Posted in Business

Reliance accelerates plans for Jio IPO, DRHP likely in the next 2-3 weeks| Business News

Reliance Industries Ltd. is accelerating plans to list Jio Platforms Ltd., appointing a massive syndicate of Wall Street and domestic banks for what is poised…

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Reliance Industries Chairman Mukesh Ambani. (Bloomberg)
Posted in Business

Reliance, Samsung sign $3-billion contract for green ammonia supply| Business News

Reliance Industries Ltd. has secured a landmark $3 billion deal with South Korea’s Samsung C&T Corp. to supply green ammonia, marking a significant milestone in…

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Mukesh Ambani, chairman of Reliance Industries Ltd. (Bloomberg) (Bloomberg)
Posted in Business

Reliance Industries surges after Trump says US to get new oil refinery with Ambani backing| Business News

The stock of Reliance Industries Ltd. surged to the highest in a little more than a month after US President Donald Trump highlighted the role…

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Reliance Industries operates the world's largest oil-refining complex in Jamnagar, Gujarat. (Reuters)
Posted in Business

Reliance shifts LPG strategy to shield India from Iran war fallout| Business News

Reliance Industries Ltd. is pivoting operations at its Jamnagar, Gujarat, refinery to prioritise domestic fuel needs as the escalating Iran war threatens global energy stability….

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A Jio Platforms IPO—the first listing of a major Reliance unit in almost 20 years—could be the country’s biggest ever. (Bloomberg)
Posted in Business

Reliance Jio IPO to miss timeline due to delay in changes to SEBI listing rules| Business News

The Indian government’s delays in formalizing changes to listing rules are threatening to force Asia’s richest person, Mukesh Ambani, to miss the targeted timeline for…

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As part of the interim India-US trade deal, New Delhi has agreed to abstain from Russian oil imports, which, according to Washington DC, is fuelling Russia's war in Ukraine. (Reuters)
Posted in Business

Indian Oil-led refiners snap up 20 million barrels of Russian oil amid Iran war squeeze| Business News

Indian refiners, led by Indian Oil Corp. Ltd. are rushing to secure millions of barrels of prompt Russian crude as New Delhi scrambles to mitigate…

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An Indian Oil fuel station in Baghola, Haryana, India has since kept Russian oil purchases to a minimum to score a trade deal with the US. (Reuters)
Posted in Business

Indian Oil-led refiners eye Russian crude oil again as Iran war chokes Strait of Hormuz| Business News

India’s state-run refiners led by Indian Oil Corp. Ltd. met government officials over the weekend to hammer out contingency plans as an escalating Iran war…

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Reliance Industries Chairman Mukesh Ambani. (Bloomberg)
Posted in Business

Mukesh Ambani promises ₹10 lakh crore to deliver a Jio moment for AI| Business News

Billionaire Mukesh Ambani on Thursday announced ₹10 lakh crore investment by his group as he promised to revolutionise artificial intelligence, as he did with mobile…

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