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India Inc staring at huge losses from overseas arms
Companies write off investments, shed assets as initial projections go haywire Many Indian companies are staring at huge losses on their mega investments abroad, prompting quite a few to write off......
Reliance close to selling stake in US shale gas JV
Stake valued at $4 billion, against initial expectation of $4.5 billion India’s largest corporate entity, Reliance Industries Ltd (RIL), is set to sell its 45 per cent stake in a shale gas......
New York fracking ban is bad news for RIL, shale gas producers
A ban on fracking by the New York state is a small setback for India’s largest private firm, Reliance Industries, which has invested $7 billion in US shale gas. On Thursday, the......
RIL to sell 49.9% stake in US joint venture
Reliance Industries is looking to sell its 49.9 per cent stake in a US joint venture that owns a 460 miles pipeline network for transportation of shale oil and gas. RIL, as well as its partner......
OIL to float foreign arm in 4 months, sets sight on Lanka
Oil India Ltd is set to float a foreign arm in four months for exploration and acquisition of hydrocarbon assets abroad, thereby becoming the third state-run oil company to have a dedicated......
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