Saudi Aramco Said In Advanced Talks On Up To $25 Billion Reliance Deal

[Ryzen_renoir]

Shares of Mukesh Ambani-owned Reliance Industries surged more than 2% higher to ₹2,197 per share on the BSE in Monday's deals after reports suggested that Saudi Aramco is said to be in advanced talks on up to $25 billion Reliance deal. Aramco is said to be in talks for about 20% stake in Reliance oil arm, reported Bloomberg Quint, Citing Bloomberg News.

In its Annual General Meeting (AGM) in June, RIL had said that it hopes to formalise its partnership with Saudi Aramco by the end of 2021. Also, Saudi Aramco chairman and head of Kingdom's cash-rich wealth fund PIF, Yasir Othman Al-Rumayyan will join the board of Reliance Industries as an independent director in a precursor to a $15 billion deal, the company had announced.

[BeerBob123]

Thank u Jagan anna 

[Kool_SRG]

2 hours ago, Ryzen_renoir said:

Shares of Mukesh Ambani-owned Reliance Industries surged more than 2% higher to ₹2,197 per share on the BSE in Monday's deals after reports suggested that Saudi Aramco is said to be in advanced talks on up to $25 billion Reliance deal. Aramco is said to be in talks for about 20% stake in Reliance oil arm, reported Bloomberg Quint, Citing Bloomberg News.

In its Annual General Meeting (AGM) in June, RIL had said that it hopes to formalise its partnership with Saudi Aramco by the end of 2021. Also, Saudi Aramco chairman and head of Kingdom's cash-rich wealth fund PIF, Yasir Othman Al-Rumayyan will join the board of Reliance Industries as an independent director in a precursor to a $15 billion deal, the company had announced.

Be Proud that a Foreign company is investing in our Indian company antunnaaru..

[Ryzen_renoir]

4 minutes ago, Kool_SRG said:

Be Proud that a Foreign company is investing in our Indian company antunnaaru..

Industry’s practices are against national interest, says Piyush Goyal 

https://www.thehindu.com/business/Industry/industrys-practices-are-against-national-interest-says-piyush-goyal/article35902835.ece

 

 

  Union Minister targets Tata group; videos of his address to CII annual meet blocked.
An unprovoked 19-minute tirade by Union Commerce and Industry Minister Piyush Goyal on Thursday, asserting that the business practices of Indian industry went against national interests, has left India Inc CEOs baffled, with Mr. Goyal repeatedly singling out the 153-year-old Tata group in comments that he said came straight from his heart.

After the Minister’s remarks at the annual meet of the Confederation of India Industry stirred up a hornets’ nest in higher echelons of the government, the CII was asked to pull down the video from its YouTube channel. An edited version was uploaded on Thursday night but this was also blocked by Friday evening.

Calling out Tata Sons’ president for infrastructure, defence and aerospace, Banmali Agrawala, Mr. Goyal expressed deep anguish that Tata Sons had opposed rules to help consumers framed by his Ministry. “Me, Myself, My company — We all need to go beyond this approach,” said Mr. Goyal, who also holds charge of the Ministries of Textiles and Consumer Affairs, Food and Public Distribution. 

 

[Kool_SRG]

1 hour ago, Ryzen_renoir said:

Industry’s practices are against national interest, says Piyush Goyal 

https://www.thehindu.com/business/Industry/industrys-practices-are-against-national-interest-says-piyush-goyal/article35902835.ece

 

 

  Union Minister targets Tata group; videos of his address to CII annual meet blocked.
An unprovoked 19-minute tirade by Union Commerce and Industry Minister Piyush Goyal on Thursday, asserting that the business practices of Indian industry went against national interests, has left India Inc CEOs baffled, with Mr. Goyal repeatedly singling out the 153-year-old Tata group in comments that he said came straight from his heart.

After the Minister’s remarks at the annual meet of the Confederation of India Industry stirred up a hornets’ nest in higher echelons of the government, the CII was asked to pull down the video from its YouTube channel. An edited version was uploaded on Thursday night but this was also blocked by Friday evening.

Calling out Tata Sons’ president for infrastructure, defence and aerospace, Banmali Agrawala, Mr. Goyal expressed deep anguish that Tata Sons had opposed rules to help consumers framed by his Ministry. “Me, Myself, My company — We all need to go beyond this approach,” said Mr. Goyal, who also holds charge of the Ministries of Textiles and Consumer Affairs, Food and Public Distribution. 

 

Abbo