In other news, Saudi Aramco partners Indian Oil, others to set up world’s largest refinery in Ratnagiri
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US stocks end lower; Asian markets see a mixed opening
US stocks fell on Wednesday after President Donald Trump taunted Russia on Twitter to “get ready” for a possible missile strike on Syria.
Asian stocks traded sideways on Thursday as investor confidence seen earlier in the week wavered overnight amid geopolitical tensions.
Reliance absorbs 3 units that own Jio apps, to build single media team
Reliance Industries Ltd (RIL) has subsumed three wholly owned subsidiaries, which owned at least half-a-dozen Reliance Jio apps, into the parent company effective 1 April with the aim of building a single in-house media team.
IL&FS raising $1 billion infrastructure fund under its PE business
Infrastructure Leasing and Financial Services (IL&FS) Ltd is raising a new infrastructure fund, under its private equity business, with a target corpus of almost $1 billion, said a senior executive of the group.
Telecom firms ask Trai to review results of app tracking data speed
The Cellular Operators Association of India (COAI) has written to the Telecom Regulatory Authority of India (Trai), requesting it to rectify what it calls discrepancies in an official app measuring wireless data speeds.
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