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Anil Ambani Net Worth | Mukesh Ambani Successor Anant Ambani Or Akash Isha Ambani | अनंतला 2 नवीन कंपन्यांची जबाबदारी मिळाल्यानंतर रिलायन्सचा उत्तराधिकारी कोण? यावर चर्चांना उधाण; मुकेश यांनी धाकट्या भावासोबतच्या भांडणावरून घेतला धडा?

Anil Ambani Net Worth | Mukesh Ambani Successor Anant Ambani Or Akash Isha Ambani | अनंतला 2 नवीन कंपन्यांची जबाबदारी मिळाल्यानंतर रिलायन्सचा उत्तराधिकारी कोण? यावर चर्चांना उधाण; मुकेश यांनी धाकट्या भावासोबतच्या भांडणावरून घेतला धडा?
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RIL finalising O2C hiveoff as Aramco talks back on track


RIL finalising O2C hiveoff as Aramco talks back on track
Deal negotiations with Saudi Aramco expected to gather momentum from April.
Synopsis
As per the scheme of arrangement, RIL’s oil-to-chemicals business consisting of its refining and petrochemicals assets, fuel retail (51 per cent in a JV with BP) and bulk wholesale marketing businesses will get hived off into a step-down subsidiary, to be initially wholly owned by RIL.
Reliance Industries is finalising the contours of demerging its O2C (oil-to-chemicals) business into a wholly-owned subsidiary, in order to attract global investors like Saudi Aramco, said people familiar with the exercise. Talks between both sides are back on track, they add. Deal negotiations between the two sides are expected to gather momentum from April of 2021. The final deal may see a combination of stock swap and cash. ....

Saudi Arabia , Saudi Aramco , Reliance Industries , Reliance Oil , Reliance Industries Demerger , Reliance Demerger , Mukesh Ambani , சவுதி அரேபியா , சவுதி அரம்கோ , நம்பகத்தன்மை தொழில்கள் , நம்பகத்தன்மை எண்ணெய் , முகேஷ் அம்பானி ,

Reliance finalising oil-to-chemicals hiveoff as Aramco talks back on track


Deal negotiations with Saudi Aramco expected to gather momentum from April.
Synopsis
As per the scheme of arrangement, Reliance’s oil-to-chemicals business consisting of its refining and petrochemicals assets, fuel retail (51 per cent in a JV with BP) and bulk wholesale marketing businesses will get hived off into a step-down subsidiary, to be initially wholly owned by RIL.
Reliance Industries is finalising the contours of demerging its O2C (oil-to-chemicals) business into a wholly-owned subsidiary, in order to attract global investors like Saudi Aramco, said people familiar with the exercise. Talks between both sides are back on track, they add. Deal negotiations between the two sides are expected to gather momentum from April of 2021. The final deal may see a combination of stock swap and cash. ....

Saudi Arabia , Saudi Aramco , Reliance Industries , Reliance Oil , Reliance Industries Demerger , Reliance Demerger , Mukesh Ambani , சவுதி அரேபியா , சவுதி அரம்கோ , நம்பகத்தன்மை தொழில்கள் , நம்பகத்தன்மை எண்ணெய் , முகேஷ் அம்பானி ,

Hike for defence, but upgrade may need more


Group Captain Murli Menon (Retd)
Defence Analyst
It is a long-established, desirable criterion in Indian economic planning that our yearly defence budget expenditure approximates to at least 3% of our Gross Domestic Product (GDP). But this has remained wishful thinking, more so in times of relatively higher level of national threat perception as experienced recently, indeed continuously being on a downward vector over the past five years specifically. In the current fiscal, after the dramatic 23.9% contraction in our economy during April-June 2020 due to the Covid-induced lockdown , defence spending as a percentage of GDP would albeit go up to 2% from the 1.6-odd percentile of the previous five years. This, of course, is a deceptive indicator, effectively not providing enough funds for defence modernisation. Taking the example of the IAF which tends to have capital-intensive procurements, its share of the national budget has varied from 7.4% in 2007-08 to 18.20% in 2017-18 ....

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