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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
With Russian crude turning into a liability, RIL needs to rebalance its oil basket. Can its chairman pull this off without seriously impacting the lucrative oil-to-chemicals business and limiting future investment firepower?
Reliance Industries Ltd, India's largest company, could be staring at an up to $1 billion hit to its operating profitability as it races to find alternatives to discounted crude oil from Russia.
The trigger for this is twofold. Europe’s move to tighten sanctions enforcement on Russian oil and refined products, coupled with renewed US threats of additional tariffs on India’s exports if Moscow’s crude keeps flowing, have created a climate of uncertainty for RIL.
As a way out, chairman Mukesh Ambani is already hedging his bets, particularly with the Middle East, though Russian oil still constitutes the bulk of the …
ADNOC’s strong numbers underline a strategy built on higher output, shipping gains and new routes that sidestep the risky Strait of Hormuz.
Instead of going after scale like Jio, the Sunil Bharti Mittal-led telecom giant is chasing a smaller but higher-quality customer base to grow its home broadband segment. Will the bet pay off?
