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Reliance stops Russian oil use at its only-for-export refinery to comply with EU sanctions

Reliance stops Russian oil use at its only-for-export refinery to comply with EU sanctions

by AIP Online Bureau | Nov 20, 2025 | Eco/Invest/Demography, Indian News, Policy, Risk Management

The European Union – a big market for Reliance – has imposed wide-ranging sanctions targeting Russia’s energy revenues, including measures that restrict the import and sale of fuels produced from Russian crude oil New Delhi: Reliance Industries Ltd...
Allianz and Reliance Group’s Jio Finance float three 50-50 JVs for life,non-life and reinsurance business in India

Allianz and Reliance Group’s Jio Finance float three 50-50 JVs for life,non-life and reinsurance business in India

by AIP Online Bureau | Jul 18, 2025 | Eco/Invest/Demography, Indian News, Life, Non-Life, Regulation, Reinsurance

Jio Financial Services Limited (JFSL) and Allianz Group (Allianz), through its wholly-owned subsidiary Allianz Europe B.V. on Friday entered into a binding agreement to form a 50:50 domestic reinsurance joint venture to serve the dynamic and high-growth insurance...

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...
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