Posted inIndia

India’s Reliance looks to hive off oil business

Oil-to-telecom conglomerate Reliance Industries, promoted by India’s richest man Mukesh Ambani, has moved a step closer to hiving off its oil-to-chemicals business into an independent unit. The company on Tuesday announced that it has received approvals from market watchdog Securities and Exchange Board of India and the stock exchanges, and it now awaits clearance from […]