Why Apple lost most valuable tag to Saudi Aramco
Apple shares have been on the decline as better-than-expected March quarter earnings could not mitigate apprehensions over Covid-led supply disruptions.
saudi aramco
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Fortune 500 India: RIL’s consumer bet
Mukesh Ambani has expanded the Reliance empire by betting big on telecom and retail.
Saudi Aramco to invest in RIL’s solar, specialty chemicals biz
The new energy and materials business of RIL is said to be integrally linked to Aramco’s 2035 net carbon zero goals.
$15 billion RIL-Aramco deal cancelled
Both parties to the mega acquisition plan will now look for broader areas of cooperation.
Reliance gets a new-look growth engine
The Mukesh Ambani-led cash-rich giant is all set to carve out its traditional oil-to-chemicals business into an independent subsidiary, and create a holding structure by itself.
RIL Q4 net profit down 37%
Despite a weak business outlook, RIL looks well-poised to progress on its debt reduction plans with Jio Platforms likely to see another Facebook-like deal and a rights issue.
RIL’s credit rating could be upgraded
Facebook’s $5.7-billion investment in RIL’s subsidiary will help both companies monetise their digital platforms; it will also aid in deleveraging RIL’s balance sheet, says Fitch Ratings.
RIL-Facebook deal lifts markets
RIL closed 10% higher, and contributed over 51% and 43% in the points gained by the Sensex and the Nifty 50.
The importance of the BPCL stake sale
BPCL’s strategic sale goes much beyond the money that will flow into the government’s coffers, because it will be India’s biggest fuel market reform since 2002.
Reliance Industries: ₹10 lakh crore and counting
The oil-to-yarn and retail-to-telecom conglomerate’s market value continues to soar as businesses perform and a path to paring debt is chalked out.
