Success of partnership key to internationalisation plans, say RIL executives
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Reliance Industries Ltd on Thursday announced a Rs 75,000 crore investment in new energy business over the next three years as the operator of the world's largest oil refinery pivots towards a greener and cleaner version. In another big announcement, Reliance Industries Chairman Mukesh Ambani said Jio and Google have jointly developed a power-packed and affordable smartphone 'JioPhone Next', which will be available in the market from September 10. Ambani promised that JioPhone Next will be the most affordable smartphone not just in India but globally. Watch this video for key announcements and road ahead for the company from our experts.
In their base case scenario, Jefferies maintains a price target of Rs 2,540 on RIL stock - an upside of around 15 per cent from the current levels
An announcement of Al-Rumayyan's induction on the RIL board or the board of the newly carved oil-to-chemical (O2C) unit may come as early as at the company's annual shareholder meeting on June 24
The transaction does not impose any restrictions on Aramco's actual crude oil production volumes
Estimates show overall economy shrank 3.3% in first quarter
Indian state refiners on Thursday placed orders for regular supplies from Saudi Aramco for June, after reducing purchases this month, drawn by lower prices by the world's top oil exporter
Brent crude has climbed almost 35% this year
Aramco is more than 98 per cent owned by the Saudi government
Saudi Arabian state oil producer Aramco on Tuesday beat analysts' forecasts with a 30% rise in first-quarter net profit and maintained its dividend payout, helped by strong oil prices
Reliance Industries Ltd, owner of the world's biggest oil refinery, has been dancing the quadrille with Saudi Aramco for nearly two years
Reliance Industries, a business that's flush with cash and sees its future in technology and zero-carbon chemicals, doesn't really need what Saudi Aramco is offering
According to a report by Financial Times, RIL has held talks with Saudi Aramco on a cash and share deal for sale of a 20 per cent stake in its oil refining and petrochemical arm
Saudi Arabia's state oil firm Aramco prepares to sell a slice of its business to international investors
The kingdom is looking at the potential sale -- which could be worth about $19 billion, based on the company's market value -- as a way to lock in customer demand for the country's crude
Reliance is reported to have held talks with Saudi Aramco on a cash and share deal for sale of a 20 per cent stake in its oil refining and petrochemical arm
DUBAI (Reuters) - Saudi Arabia's crown prince said in televised remarks on Tuesday that the kingdom was in discussions to sell 1% of state oil firm Saudi Aramco <2222.SE> to a leading global energy company.
The military coalition led by Saudi Arabia intervened in Yemen against the Iran-aligned Houthis in 2015.
EIG makes one of the biggest direct investments in the country; Aramco deal shows country's reliance on core energy