Mutual decision taken due to evolving nature of Reliance’s business portfolio Reliance Industries Ltd (RIL) and Saudi Aramco have mutually decided to disengage from a major investment proposal concerning the O2C [Oil to Chemicals] business of RIL. The deal was estimated to be about $15 billion. “Due to the evolving nature of Reliance’s business portfolio, Reliance and Saudi Aramco have […]
Read more
Policyholders need to ensure prompt intimations to the insurers/intermediaries, says Atul Deshpande, Head of Claims. General insurance companies have been informing their customers about claim services for damage arising out of recent heavy rains in Chennai. In an interview, Atul Deshpande, Head of Claims, SBI General Insurance, said the company anticipated the majority of the claims to come from the […]
Read more
The PLI scheme — National Programme on High Efficiency Solar PV Modules — approved by the Union Cabinet, is aimed at reducing import dependence in a strategic sector like electricity The government will soon enhance the funding under the production linked incentive (PLI) scheme for the domestic solar cells and module manufacturing to ₹24,000 crore from the existing ₹4,500 crore […]
Read more
Lending without the consent was reported by the field staff in two days, and the glitch was also rectified expeditiously, Indusind Bank said in a clarification Terming whistleblower allegations on loan evergreening as “grossly inaccurate and baseless”, Indusind Bank on November 6 admitted to have disbursed 84,000 loans without customer consent in May owing to a “technical glitch”. Lending without […]
Read moreHarold Hamm on climate summit: US apologizing to the rest of the world is ‘inappropriate’ Continental Resources Executive Chairman and founder discusses the Biden administration’s impact on the oil industry, natural gas demand, Russia and China’s absence at the climate summit and Election Day. As global leaders flew into Scotland on a parade of private jets from around the world […]
Read moreTexas-based Crestwood Equity Partners LP (CEQP) that owns and operates midstream businesses in multiple shale resource plays across the U.S. on Tuesday said it agreed to acquire Oasis Midstream Partners LP (OMP). The transaction which is expected to close in the first quarter of 2022 is an equity and cash transaction valued at approximately $1.8 billion including the assumption of […]
Read more
There is no clarity on future of its 14,000 employees, who were praised for their service during COVID-19 lockdown, they say Ten Central trade unions on Tuesday wrote a joint letter to Prime Minister Narendra Modi to stop the sale of Air India to the Tatas and roll back what they termed the “policy of selling national assets”. They said […]
Read more
It has been dsesigned keeping in mind the refined tastes and delicate aesthetic sensibilities of food connoisseurs, the outlet says Reliance Retail on Thursday, October 14, 2021, forayed into ultra-premium grocery segment in India with the launch of brand ‘Freshpik’, offering an exquisite range of food products sourced from select local and international destinations. Also read: Reliance Retail to roll […]
Read more
According to the agency, Tesla did an over-the-internet software update in late September that was intended to improve detection of emergency vehicle lights in low-light conditions. U.S. highway safety investigators want to know why Tesla didn’t file recall paperwork when it updated its Autopilot software to better identify parked emergency vehicles. In a letter to Tesla, the National Highway Traffic […]
Read more