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Monday
December 2021
10:06 AM IST
News Headlines
BWF World Tour Finals: Lakshya Sen collapses in semi-final against Viktor Axelsen        Multiply an IVF-tech startup launches is its AI-based platform that will replace conventional processes in IVF clinics        At least 31 people killed by terrorists' attack on bus in Mali        Former chief minister of undivided Andhra Pradesh Konijeti Rosaiah dies at 88        1,495 teachers in Kerala schools yet to get vaccinated        Fourth case of Omicron in India, 33-year-old Maharashtra man tests positive for new COVID-19 variant        Actor Brahma Mishra found dead at his residence in Mumbai        “Comeback King"-A short-film by KKR on Sunil Narine’s incredible journey as a cricketer        Honda sets up battery sharing service subsidiary in India        Record low birth rates in China        No travel bans imposed by India for Omicron: MEA        CPI(M) local leader hacked to death        Two confirmed cases of Omicron detected in Karnataka        BWF World Tour Finals: Sindhu makes winning start; Lakshya also through        Depositors of PMC Bank to get pre-Covid interest rate        Vaccinated California man first in US to test positive for Omicron        Kerala determined to prevent new HIV infections by 2025, says CM Pinarayi Vijayan        Doctors can’t be always blamed for negligence in deaths, says Supreme Court        Tourist inflow in J&K hit 7-year high in November: Govt        isl: Odisha come from behind to beat SC East Bengal in 10-goal thriller        
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Business News
Reliance and Saudi Aramco decide to review O2C deal
 
New Delhi, Billionaire Mukesh Ambani-controlled Reliance Industries Ltd (RIL) on Friday said that the company and Saudi Aramco have mutually decided to re-evaluate the proposed investment in O2C (Oil to Chemical) business.

Consequently, the current application with National Company Law Tribunal (NCLT) for segregating the O2C business from RIL is being withdrawn, oil to telecom conglomerate said in a statement.

"Due to evolving nature of Reliance’s business portfolio, Reliance and Saudi Aramco have mutually determined that it would be beneficial for both parties to re-evaluate the proposed investment in O2C business in light of the changed context. Consequently, the current application with NCLT for segregating the O2C business from RIL is being withdrawn," said RIL in the official statement said.

It further said that RIL would continue to be Saudi Aramco’s preferred partner for investments in the private sector in India and will collaborate with Saudi Aramco & SABIC for investments in Saudi

Arabia.

RIL and Saudi Aramco had signed a non-binding Letter of Intent in

August 2019 for a potential 20% stake acquisition by Saudi Aramco in the O2C business of Reliance.


Multiply an IVF-tech startup launches is its AI-based platform that will replace conventional processes in IVF clinics
Honda sets up battery sharing service subsidiary in India
Depositors of PMC Bank to get pre-Covid interest rate
Noida International Airport to boost realty sector in Noida, Faridabad
Jack Dorsey steps down as Twitter CEO, IIT-B grad Parag Agarwal to succeed him
Jio to Increase Mobile Services Rates from December 1
Issue price of Sovereign Gold Bond fixed at Rs 4,791 per gram
Truecaller announces the launch of Version 12 with several exciting new features
IndiGo resumes flights to Singapore under air bubble pact
Singapore Airlines resumes passenger services to India with 50 percent off
Truecaller crosses 300 million active users globally
Ola rolls out Pan India test rides, will be available across 1000 plus cities and towns
Amazon India launches all-women Partner Delivery Station in AP
Sitharaman asks India Inc to be more risk-taking, commit investments
Rupee Closes 9 Paise Higher At 74.37 Against Dollar On Tuesday
Paytm Money launches AI powered Voice Trading
Nykaa shares make dream debut; list at over 79 pc premium
India on way to becoming fastest growing economy in world: FinMin report
Non Coking Coal import reduces by 16 pc from 2019: Coal ministry
Olectra to supply 100 e-buses to APSRTC
KERALA NEWS
1,495 teachers in Kerala schools yet to get vaccinated
 Thiruvananthapuram: There are 1,707 teaching and non-teaching staff in government schools of Kerala  
CPI(M) local leader hacked to death
Kerala determined to prevent new HIV infections by 2025, says CM Pinarayi Vijayan
People not following Covid measures will not get free treatment: Pinarayi Vijayan
INTERNATIONAL NEWS
At least 31 people killed by terrorists' attack on bus in Mali
 Bamako: At least 31 people have been killed and eight more injured as a result of terrorists' attack
Record low birth rates in China
Vaccinated California man first in US to test positive for Omicron
US expresses concern over rights abuses in Afghanistan, asks Taliban to take necessary steps
NATIONAL NEWS
Former chief minister of undivided Andhra Pradesh Konijeti Rosaiah dies at 88
 Hyderabad: Former chief minister of undivided Andhra Pradesh and veteran Congress leader Konijeti Ro
No travel bans imposed by India for Omicron: MEA
Doctors can’t be always blamed for negligence in deaths, says Supreme Court
maharashtra: Quarantine mandatory for passengers coming from at-risk countries; RT-PCR must for those arriving from other states
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