Sanctions on Russia have prompted many companies and countries to shun its oil, depressing Russian crude to record discount levels
Reliance Industries and Softbank Group-backed Ola Electric have won bids to receive incentives under India's $2.4 billion battery programme, four sources told Reuters
Business Standard brings you the top headlines on Thursday
RIL chief sees 24% spike in wealth to $103 bn; Gautam Adani takes second spot
Business Standard brings you the top headlines on Wednesday
Since the last week of February 2022, Reliance Group has unilaterally terminated the leases and forcefully taken over control of hundreds of Future Retail's stores, said FRL on Wednesday
Amazon and Future agreed to out-of-court settlement discussions this month, but the two sides told India's Supreme Court on March 15 they had failed to resolve the matter
In the end, Mukesh Ambani settled the dispute over who gets to own the assets of beleaguered Future Retail not in an arbitration tribunal in Singapore, or in a Delhi courtroom, but in a shopping aisle
SC allows Amazon to file interim application
Senior bankers said with failure of Future-Amazon talks, banks have to think of legal action only.
The US e-commerce giant has also warned about taking action against Reliance
Amazon Future case: Amazon is fighting a legal battle with FRL to stop the Kishore Biyani-led retailer's $3.4 billion deal with Reliance Industries Limited.
Amazon has been contesting the planned $3.4 billion sale of Future Group's retail assets to Reliance.
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The firm had sought bids at a premium over the base of 13.2 per cent of Brent crude oil prices
CLOSING BELL: The markets, however, ended mildly off highs as European markets dropped up to 1 per cent in early deals as investors monitored the war in Ukraine and fluctuations in commodity prices
Reliance Industries is likely to be in limelight as the company is looking to take advantage of the surging diesel demand in Europe in the backdrop of Russia-Ukraine conflict.
Sources also said the takeover of Future stores by RIL scuttles Future Group lenders' options to recover their Rs 17,000-crore ($2.2 billion) debt
Reliance Industries Ltd.'s Jamnagar facility is lifting crude processing and deferring planned maintenance to take advantage of surging demand for diesel