by Amruth Sundarkumar | Nov 11, 2022 | Distressed / Defaulted Bonds, India
Future Retail is said to have received an acquisition interest from Reliance Industries, Adani Group and 13 other companies including Shalimar Corporation, Nalwa Steel & Power, United Biotech, WHSmith Travel, Capri Global Holdings, as per Reuters. The companies...
by Amruth Sundarkumar | Aug 3, 2022 | India, Macroeconomic news
India has made adjustments to its tax policy for the second time in less than two weeks. The South Asian country has raised the windfall tax on locally produced crude from INR 17,000 to INR 17,750 a tonne, which will hurt producers like Vedanta, Reliance and ONGC....
by Amruth Sundarkumar | Jul 25, 2022 | Corporates, India
Reliance Industries Ltd (RIL) reported a consolidated net profit of INR 194.4bn ($2.4bn), 40.8% higher YoY for the quarter ended June. The company cited strong Oil to Chemical (O2C) earnings with firm demand and extraordinary dislocation in energy markets causing...
by Amruth Sundarkumar | Jul 20, 2022 | Corporates, India
India has now cut the windfall tax offering relief to companies like Reliance Industries (RIL) and ONGC, just a few weeks after had imposing a imposing a windfall tax on oil exports of producers and refiners on July 1. In the last three weeks, Brent crude oil prices...
by Amruth Sundarkumar | Jun 27, 2022 | India, Investment Grade Bonds
Indian conglomerate Reliance Industries Ltd (RIL) is said to be in talks with international banks to raise around $8bn to fund the acquisition of UK pharmacy & chemist chain Boots, as reported by Mint. These banks include Deutsche Bank AG, Barclays Bank Plc,...
