Home » 2019 » September

Mukesh Ambani Bolsters Hold Over Reliance Industries With Stake Hike

Move follows Mr Ambani’s announcement that Saudi Aramco would acquire 20% stake in its chemical business.   With Saudi oil major Aramco buying stake in Reliance Industries oil-to-chemical business and uncertainty over likely changes in the equity structure of the company, Mukesh Ambani has increased his stake in Reliance Industries....
Continue reading

Monthly Passenger Vehicle Sales Log Worst-Ever Drop In August

This is the worst-ever fall for both the categories since SIAM started recording the data in 1997-98.   The country’s monthly passenger vehicle and car sales recorded their steepest fall ever in August, according to data released by an industry body on Monday, highlighting the continued slowdown in...
Continue reading