Posted inIndia

India’s Reliance spins off oil business

Indian oil-to-telecom conglomerate Reliance Industries, run by India’s richest man Mukesh Ambani, has spun off its oil-to-chemical business to pursue a strategic partnership, the Press Trust of India reports. Reliance had begun this process last year for a possible stake sale in its oil business to companies like Saudi Aramco. The new oil-to-chemical business unit […]