Nidhi Verma
Stories by Nidhi Verma
Saudi Arabia may open sovereign wealth fund office in India’s GIFT City
GIFT City is India's tax-neutral financial services centre.
Essar creates new unit to drive $3.6b low-carbon projects in UK, India
Through its investment in the UK, EET hopes to cut around 3.5 million tonnes of carbon dioxide emissions.
India cabinet said to have eased foreign investment rules to aid BPCL sale
India so far allows 49% foreign direct investment in state-run oil and gas companies.
India’s Reliance ties up with ADNOC to build chemical project
Earlier, Reliance bought stakes in some overseas explorations and manufacturing assets.
India asks eight state firms to consider share buybacks this year to rein in fiscal deficit
Fiscal deficit target of 3.5% of GDP for 2020-21 seems too ambitious.
Rosneft, Aramco unlikely to bid for Indian refiner BPCL due to weak oil demand
However, Rosneft may be interested in BPCL's fuel depots and fuel stations.
India’s plan to privatise refiner BPCL may be delayed, worsening fiscal deficit
The government's 53.29% stake could fetch $8-10b.
India: Reliance’s $15b stake sale deal with Saudi Aramco delayed
Reliance shares fell more than 6 per cent after Ambani's comment on the Aramco deal.
Reliance to buy 87.6% stake in Indian fashion marketplace Fynd
Reliance Industrial Investments and Holdings Ltd has an option to further invest up to 1 billion rupees by December 2021 in Fynd.
Aramco in talks to buy stake in refining business of India’s Reliance
If the deal went ahead, it could mean a boost in Aramco's crude oil supply to Reliance by possibly more than 50 percent.
