India’s top retailer, Reliance, will add 250 more Future Retail (FRETAIL) stores to its portfolio after the company failed to make lease payments for the outlets to Reliance, two people with direct knowledge of...
Category - Energy Minerals
Reliance to invest $220 mln in Sanmina JV in electronics manufacturing push
Indian conglomerate Reliance Industries (RELIANCE) said on Thursday it would invest 16.7 billion rupees ($220.70 million) to create a joint venture (JV) with U.S.-listed Sanmina Corp (SANM) for making electronic...
Indian Indices End on Negative Note; UltraTech Cement Slumps 7%
Indian benchmarks extended their loss on Thursday following a highly volatile session. Both BSE Sensex and NSE Nifty ended on a negative note, mainly dragged by auto and banking stocks. At the close, the Sensex slid 366...
Indian Indices Close in Red Midweek; Oil & Natural Gas Drops 3%
Indian benchmarks settled in red for the sixth straight day on Wednesday, mainly weighed down by auto and capital goods stocks. Both BSE Sensex and NSE Nifty started the day on a positive note but failed to hold onto...
India plans to produce 5 mln tonnes of green hydrogen by 2030
India plans to manufacture five million tonnes of green hydrogen per annum by 2030, the power ministry said on Thursday, aiming to meet its climate targets and become a production and export hub for the fuel. Green...
Vodafone looks to sell stake worth $2.5 bln in Indian cell tower firm
Britain’s Vodafone (VOD) is looking to sell its entire 28.1% stake in Indus Towers Ltd (INDUSTOWER), India’s largest cell tower firm, the telecom group said on Wednesday. Vodafone has launched an initial...
Reliance Industries Arm to Lay New Subsea Cable System in Maldives
Reliance Industries (RELIANCE, BOM:500325) said its telecom arm, Reliance Jio Infocomm, plans to land the multi-terabit India-Asia-Xpress (IAX) undersea cable system in Hulhumale, Maldives, according to a Monday filing...
India’s refinery throughput stays firm with strong recovery in sight
Indian refiners’ crude oil throughput rose in January, holding near 21-month highs reached in November, with fuel demand and refinery runs expected to grow further on the back of a strong economic recovery. Crude...