"Ambani's comment on the deal is a message to Aramco - RIL is no longer desperate for the deal," said an analyst who did not wish to be identified
As many as 183 deals generated $43.54 billion in 1H20, says report by financial data company.
Ambani at Reliance's annual general meeting on Wednesday said the Aramco deal was delayed due to "unforeseen circumstances in the energy market and the Covid-19 situation"
Aramco wants India's Reliance to review its price for the oil-to-chemical business as the global valuation of oil assets has tumbled
Stake sales in Reliance's digital unit Jio Platforms attracted not just private equity and sovereign wealth funds but also Google and Facebook
Indices fall over 2% from day's high
The two companies will collaborate for the development of entry-level affordable 4G and 5G smartphones as well as Android-based operating systems, Ambani announced during the virtual AGM
Delay in striking a deal with Saudi Aramco disappoints investors
Mr Ambani has walked the talk on data being the new oil
Company ranks among top 100 global retailers
The unveiling of Jio Glass coincided with Google's Rs 33,737 crore investments in Jio Platforms for 7.7 per cent stake
With the fund raising now achieved, Reliance Industries has become a debt-free company
At RIL's last AGM in August 2019, Ambani announced plan to sell a stake in company's O2C business to Aramco. On August 12, it said it has signed LoI with Aramco for 20% stake sale
Google will invest Rs 33,737 crores for a 7.7 per cent stake in Jio Platforms
Ambani, 63, may at the company's first online AGM also give a sneak preview of his vision for decarbonisation of energy molecules to create value-added products with almost no carbon emissions.
The chairman of Reliance Industries, whose wealth surpassed Warren Buffett's last week, is now worth $72.4 billion, according to the Bloomberg Billionaires Index.
Global tech leaders from Facebook to Intel are looking for multiple ways to grab a slice of the action in the South Asian country, where millions of first-time internet users are added every month.
Both the companies are looking at partnerships to expand their India business
Chairman and Managing Director Mukesh Ambani will address shareholders using the in-house JioMeet platform.
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