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Reliance Mukesh Ambani Sends Oxygen From His Refineries For Covid Fight.
Published on April 15, 2021 with No Comments
Mukesh Ambani’s Reliance Industries Ltd has started supplying oxygen from Jamnagar in Gujarat to Maharashtra at no cost, according to a company official.
Billionaire Mukesh Ambani is diverting oxygen produced at his refineries to help India battle a savage coronavirus outbreak that’s paralyzed the commercial capital Mumbai in Maharashtra as daily new infections spike by a record.
Mr Ambani’s Reliance Industries Ltd, which operates the world’s biggest refining complex in Maharashtra, has started supplying oxygen from Jamnagar in Gujarat to Maharashtra at no cost, according to a company official, who asked not to be identified due to internal policy.
Mukesh Ambani s Reliance Sends Oxygen From His Refineries For COVID-19 Fight
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India s retail market is estimated at $1 trillion.
Highlights
Reliance is already the country s biggest brick-and-mortar retailer
Acquiring Future assets would give it unparalleled edge over rivals
The Delhi High Court allowed Amazon.com Inc.. to oppose Future Group s $3.4-billion asset sale to Mukesh Ambani s conglomerate but left it to domestic regulators to decide on the deal, in a mixed ruling for the US giant fighting Asia s richest man for dominance in one of the world s largest retail markets.
The court said Monday it can t bar the e-commerce giant from writing to regulators objecting to the indebted Indian retailer s plan to sell its assets to Mr Ambani s Reliance Industries Ltd. The ruling by a single-judge bench can be challenged before a higher court. The court s position neither bars nor allows the Future-Reliance transaction.