INDUSTRY NEWS
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Reliance Industries cleared its $21 billion debt in just 58 days—in the middle of the pandemic
Reliance Industries (RIL), owned by Asia’s richest man Mukesh Ambani, has wiped off its massive $21-billion (Rs161,035 crore) debt in…
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Moody’s downgrades ratings of ONGC, HPCL, Indian Oil, Bharat Petroleum
Moody's Investor Service has downgraded the long-term issuer ratings of oil marketing companies (OMCs) including Oil and Natural Gas Corporation…
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RIL now a software firm first, oil and gas biz later; Mukesh Ambani co flaunts ‘Made in India’ tag
Data is well and truly the new oil when it comes to Mukesh Ambani’s Reliance Industries Ltd (RIL), as the…
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Aramco deal could provide significant financial muscle to RIL: HSBC
Foreign brokerage firm HSBC Said that scepticism may be rising that Saudi Aramco's proposed investment for a 20% stake in…
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SoftBank Is Selling $40B of Assets but Stands Firm on Renewable Energy Plans
The head of SoftBank's renewable energy subsidiary, SB Energy Global, says his firm is committed to growing its presence in…
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Five strategies for efficient post-Covid-19 restart of manufacturing plants
As the Indian government embarks on a phased withdrawal of a nation-wide lockdown, it is critical for companies to prepare…
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RIL: What analysts say about Silver Lake deal, rights issue, new core biz
Shares of Reliance Industries fell 3 per cent in Monday’s trade after the oil-to-telecom major reported a 39 per cent…
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Indian shares fail to hold gains, banks and energy stocks drag as lockdown extends
Indian shares retreated from one-month highs to settle lower on Wednesday, as the country entered an extended lockdown to curb…
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India’s February industrial output rises 4.5% y/y -govt
India’s industrial output rose 4.5% in February from a year earlier, government data showed on Thursday. Analysts polled by Reuters…
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London court dismisses ArcelorMittal plea against Essar Steel
A UK court has refused to issue a worldwide freezing order against the parent company of Essar Steel Ltd and…
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