RIL share rises over 2% amid report of revival of stake sale talks with Saudi Aramco
RIL share touched an intraday high of Rs 2,045, rising 2.45% on BSE. The stock has gained 6.23% in the last 4 days
BusinessToday.In | April 29, 2021 | Updated 11:22 IST
RIL share trades higher than 5 day, 20 day and 100 day moving averages but lower than 50 day and 200 day moving averages.
Reliance Industries Ltd (RIL) share price rose more than 2 percent in trade today amid reports that talks between Saudi Aramco and RIL have restarted for sale of a 20 percent stake in the Indian company s oil refining and petrochemical arm.
RIL share touched an intraday high of Rs 2,045, rising 2.45% on BSE. The stock has gained 6.23% in the last 4 days. RIL share trades higher than 5 day, 20 day and 100 day moving averages but lower than 50 day and 200 day moving averages.
Reliance Foundation to provide free COVID treatment at upcoming 1,000-bed facility in Jamnagar
The first phase of 400 beds will be ready within a week, and the other 600 beds in another week. The hospital will provide quality care free of cost, said Nita M Ambani, Founder and Chairperson of Reliance Foundation.
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Reliance Foundation on Wednesday said it is setting up a 1,000-bed COVID-19 care facility with oxygen supply in Jamnagar, Gujarat, where all services will be provided free of cost.
A 400-bed COVID care facility will be up and running at Government Dental College & Hospital in Jamnagar within a week. Thereafter, another 600-bed facility will be made operational at another location in Jamnagar within the next two weeks, the foundation said in a statement.
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India s second COVID-19 wave may impede economic recovery, says S&P
Credit rating agency S&P Global said on Wednesday the second wave of COVID-19 infections in India could impede the country s economic recovery and expose other nations to further waves of outbreaks. India s healthcare system has been overwhelmed, with the world s second most populous country reporting more than 300,000 new COVID-19 cases daily over the past six days.
COVID-19 second wave can delay Air India divestment: DIPAM Secretary
The second wave of COVID-19 pandemic in the country can delay government s disinvestment plan for national carrier Air India, Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey said on Wednesday. The government is selling its entire 100 per cent stake in Air India, which has been in losses ever since its merger with domestic operator Indian Airlines in 2007. It was targeting to complete disinvestment of the airline by Septem
Synopsis
Reliance Industries Ltd., owner of the world’s biggest oil refinery, has been dancing the quadrille with Saudi Aramco for nearly two years. At current prices, 1% of Aramco would be worth about $19 billion not far off the $15 billion price tag put on 20% of Reliance’s energy division, at the time the Saudi company first took an interest in buying a stake in 2019.
Reuters
Amin H. Nasser, president and CEO of Saudi Aramco.
Could one of the energy industry’s longest-running on-again, off-again romances be catching fire again? Saudi Arabian Crown Prince Mohammed Bin Salman seems to think so.
“There are discussions happening right now about a 1% acquisition by one of the leading energy companies in the world” in state-owned Saudi Arabian Oil Co., he said in a local television interview Tuesday.
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India s second COVID-19 wave may impede economic recovery, says S&P
Credit rating agency S&P Global said on Wednesday the second wave of COVID-19 infections in India could impede the country s economic recovery and expose other nations to further waves of outbreaks. India s healthcare system has been overwhelmed, with the world s second most populous country reporting more than 300,000 new COVID-19 cases daily over the past six days.
COVID-19 second wave can delay Air India divestment: DIPAM Secretary
The second wave of COVID-19 pandemic in the country can delay government s disinvestment plan for national carrier Air India, Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey said on Wednesday. The government is selling its entire 100 per cent stake in Air India, which has been in losses ever since its merger with domestic operator Indian Airlines in 2007. It was targeting to complete disinvestment of the airline by Septem