Saudi Aramco chairman and head of the Kingdom's cash-rich wealth fund PIF Yasir Othman Al-Rumayyan will join the board of Reliance Industries Ltd as an independent director in a precursor to a $15 billion deal. Reliance chairman and Asia's richest man Mukesh Ambani, who had two years back disclosed the talks to sell a 20 per cent stake in the company's oil-to-chemical unit to Saudi Aramco, announced the appointment of Al-Rumayyan at the company's annual meeting of shareholders. Harvard educated Al-Rumayyan, 51, will replace Yogendra P Trivedi, 92, who has expressed a desire to retire, Ambani said. On the sale of a 20 per cent stake in the O2C business, he said the deal is likely to conclude this year.
Prime Minister Narendra Modi is set to meet top Australian business leaders, including BHP Billiton CEO Andrew Mackenzie and HSBC Bank Australia CEO Tony Cripps, at a roundtable in Melbourne next week.
The VHP leadership notes that 'ghar wapsi' wasn't something started after the Modi govt took over. Archis Mohan reports
The banking sector's credibility is on thin ice. Unless the government takes strict steps, things could get worse.
A slew of websites are catering to matchmaking needs of IITians, IIMians and others with high educational qualifications.
The incidence of shareholder activism in India is more than that in other Asian countries, according to a BNP Paribas Asia Strategy report.
The government is drawing up a relief package for industry with steps such as relaxation of asset-classification norms by banks, thus allowing companies to delay the repayment of loans, and tax holidays for the worst-hit sectors like aviation and hospitality. But it might not be enough to stop more bankruptcies from getting filed.
They sought further cut in interest rates as well as reforms.
The fire department said they received a call around 4.23 am about a fire in the factory at Udoh Nagar area after which seven fire tenders were rushed to the spot, the official said.
'Stumbling blocks teach a lot and should be taken as stepping stones.'
In an online chat with readers, Vidhu Shekhar, Country Head - India, CFA Institute shared crucial advice to crack the competitive exam.
As the 2019 election draws near, investors focus on long-dated options.
The real estate industry today hailed the RBI's decision to cut key interest rate, saying the move will boost housing demand and also improve sentiments in the sluggish property market.
Fun and games at start-ups have ended as easy money dries up.
New Delhi was reluctant to spook investors by clipping the bank's wings
The processor is just 5 per cent of the overall cost of a computing device.
Fairfax Financial Holdings made three investments in a month
Bringing in people with large corporate experience also helps in bringing in world class processes in quality and compliance
We look back at some of the most inspirational stories featured on Rediff Get Ahead in 2014.
The awardees included one Padma Vibhushan, 11 Padma Bhushan and 44 Padma Shri.
Joydeep Ghosh takes stock of personal finances after the life-altering surprises of 2016.
Rediff readers tell us what they did with their first salaries.
Of 194 entities thrown off the exchange, BSE doesn't have promoter names or addresses for 168 firms; yet it has ordered all promoters to buy back shares
US Fed rate rise raises risk of further drying up of FII flows.
In July-Sept 2016-2017, TCS had missed street expectations with 7.8% growth in revenue.
India's gold obsession needs a correction.
'There were any number of Congress leaders who disliked Sonia Gandhi, but they were very close to Ahmed Bhai and he would listen, and give a shoulder to cry upon.'
'Indians are great savers, but they are lousy investors.'
The proposed annual quota for Indian companies could be between 10 and 15 per cent. Currently, there are no country-specific limits on H-1B allotment.
Adani Enterprises has 14 resolutions to pass, Adani Ports & SEZ has 13, Adani Power 12.
Financial assets make a comeback as returns on physical assets falter.
Experts expect the trend to continue in the near term.
Narendra Kumar Patni, pioneer of India's information technology (IT) services revolution, passed away in the US.
The economic muscle in the Mangalore region is generally sympathetic to the BJP, says Aditi Phadnis.
Challenges notwithstanding, there are handful of players who continue to stand tall and scale-up their business. Many of these are taking inspiration from hyper-local grocery and food-delivery business to go full stack, says Sangeeta Tanwar.
These tips will help you keep it short, professional and error-free.
Experts suggest domestic factors rather than the Greece crisis would determine the course of the Indian equities.
The year 2014-15 could well go as one of long-pending financial sector reforms, expected to have a lasting impact.
There, however, has been an improvement in operating margins.
The RBI is not statutorily independent from the government but has long enjoyed wide latitude
