Search Results for: saudi

What is driving Mukesh Ambani's pivot away from oil to lifestyle retail?

A recent $15-billion deal with Saudi Aramco has helped the world's largest refiner Reliance Industries deleverage the balance sheet and cut debt while freeing up resources to power diversification away from core petrochemical sector.

Sep 6, 2019

Mega comeback planned for Brock Lesnar? 3 Superstars who could return at WWE Clash of Champions 2019

The roster seems to be quite interesting, however, WWE could spring in few surprises and these superstars might add zing to the proceedings.

Sep 6, 2019

IndiGo promoters' differences threaten services

IndiGo eyes more UAE, Saudi flights as part of Middle East expansion

IndiGo had earlier said that 50 per cent of its expansion in 2019 will be from international growth.

Sep 4, 2019

Indian woman's son with Emirati man an illegal in UAE; FM 's help sought

Fatima claims she was married to an Emirati aged 80 years when she was 15 years old and she got married again to another Emirati after her first husband died.

Sep 3, 2019

Saudi Arabia replaces Aramco chair with wealth fund chief ahead of IPO

The appointment of Al-Rumayyan, already an Aramco board member, comes as part of the Saudi authorities' preparations to sell shares in the world's biggest oil exporter.

Sep 3, 2019

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Saudi organises world's largest camel festival; 12,000 animal owners to compete

The festival, aimed at promoting the camel-racing heritage of the Kingdom and the Gulf Arab countries, is expected to turn the Saudi city of Taif into one of the top tourist destinations.

Sep 2, 2019

NRI billionaire's Gulf retail giant Lulu plans to invest $500 million in Egypt

Under the new deals, four projects will be built by the Urban Communities Authority within 12 months.

Aug 29, 2019

Big FDI reforms: From coal mining to digital media

The existing FDI policy provides for 100 per cent FDI under automatic route in the manufacturing sector but there was no specific provision for contractual manufacturing.

Aug 29, 2019

Illegal cryptocurrency malware hits Tesla's Amazon Cloud resources

Cryptocurrency to fund Saudi Arabia's Neom project? Riyadh warns against scammers

Saudi is embarking on a $500 billion futuristic megacity, considered as a symbol of Crown Prince Mohammed bin Salman's ambitions for life after oil, to attract foreign investment and bolster non-oil revenues.

Aug 21, 2019

Imran Khan completes 1 year as Pakistan PM; govt presents first anniversary progress report

Establishing good international relations and tackling domestic issues such as health, education and housing sector were hailed as achievements of the PTI government.

Aug 19, 2019

Nita Ambani, Isha Ambani, Anant Ambani, Akash Ambani, Mukesh Ambani

Is generational change of ownership happening in Mukesh Ambani's Reliance Group?

High-profile weddings of Mukesh Ambani's children Isha and Akash were more of a corporate PR extravaganza than a family event to launch the twins to the corporate high table.

Aug 17, 2019

Sensex tumbles 600 points; Yes Bank, Bajaj Finance shares tank

The Nifty autos index slid about 4 percent, its worst decline since 2016, as sales of passenger vehicles to car dealers plunged 30.9 percent in July.

Aug 13, 2019

Reliance-Microsoft cloud tie-up poses threat to Amazon, Google in India

As part of the 10-year alliance, Jio will build data centres across India that will be hosted on Microsoft's Azure cloud.

Aug 13, 2019

Reliance AGM 2019: Mukesh Ambani announces rollout of Jio Giga Fibre on Sept 5

Mukesh Ambani said Jio Giga Fibre will offer lifetime free voice calls from landline phones and high-speed broadband with additions like high definition TV and dish at a monthly rental of Rs 700 to Rs 10,000.

Aug 12, 2019

Saudi Aramco to buy 20% in Reliance oil business in one of the biggest FDI deals in India

The Aramco, Reliance deal will have an enterprise value of around Rs 5,32,466 crore.