Vodafone Idea MD Ravinder Takkar rejects Mukesh Ambani’s call for 2G free India The Vodafone Idea (VIL) MDs views came less than a fortnight after Ambani had urged telecom minister Ravi Shankar Prasad to speed up policy measures to ensure a quick end of 2G in India. If accepted by the government, the move could hit Vodafone Idea and Bharti Airtel, who together have around 300 million 2G users critical to their revenue streams.
Aramco CEO says still working on deal to invest in Reliance Industries Saudi Aramco Chief Executive Amin Nasser has said the company is 'still working on the deal to invest in Reliance Industries', Bloomberg reported, clearing the air on the agreement between the two companies.Get latest Energy online at cnbctv18.com
Reliance has a 15-year plan to convert itself into a new energy company While the oil-to-chemical conglomerate has in recent times seen focus on consumer business, RIL's core oil-to-chemical (O2C) business is well placed to generate sustained free cash flow, BofA Securities said in a report. Future of O2C is new energy company and partnerships.