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India’s Reliance refusing Sovcomflot oil shipments after sanctions, sources say

by AIP Online Bureau | Mar 21, 2024 | Indian News, Non-Life, Reinsurance, Risk Management

India’s crude imports from Russian may decline as the number of vessels would be reduced and that could jack up freight costs India’s Reliance Industries, operator of the world’s biggest refining complex, will not buy Russian oil loaded on tankers...
Reliance’s fuel supply to Europe avoids Red Sea -sources

Reliance’s fuel supply to Europe avoids Red Sea -sources

by AIP Online Bureau | Mar 13, 2024 | Indian News, Non-Life, Reinsurance, Risk Management

Reliance, in its chartering contracts, is offering tanker owners a flexibility to go via the Red Sea, a shipping route vital to east-west trade, or the Cape of Good Hope for safe transportation of the fuels to the buyer, shipping sources said Mumbai: Most of the...
Asia’s richest person re-joins $100 billion club as stock surges

Asia’s richest person re-joins $100 billion club as stock surges

by AIP Online Bureau | Jan 12, 2024 | Eco/Invest/Demography, Indian News, Wealth Management/ Philanthropy

Mukesh Ambani, chairman, Reliance Industries Ambani, Reliance’s chairman, owns 42% of the company, which has businesses in the energy, telecommunications and retail sectors, among others. Its shares have climbed 22% from a low in October after the firm reported a jump...
Insurers to lead bids for Reliance Industries’ mega bond issue – bankers

Insurers to lead bids for Reliance Industries’ mega bond issue – bankers

by AIP Online Bureau | Nov 8, 2023 | Eco/Invest/Demography, Indian News, Wealth Management/ Philanthropy

“There is demand from long-term investors like insurance and pension funds. There has been a limited number of corporate bonds issuance in longer tenor in the last two quarters, so, this RIL issue comes at an opportune time,” said Badrish Kulhalli, head of...
Asia’s richest person re-joins $100 billion club as stock surges

Reliance’s financial unit to list on bourses on Aug 21

by AIP Online Bureau | Aug 18, 2023 | Indian News, Life, Non-Life, Wealth Management/ Philanthropy

The company will primarily operates in the NBFC market and credit market segment and has strategic plans to expand its operations into insurance, digital payment, and asset management verticals Mumbai: Jio Financial Services, the demerged financial services unit of...
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