Reliance Industries and Saudi Aramco signed non-binding letter of intent to acquire 20% stake in company’s oil to chemicals division, which is value at $75 billion. RIL’s telecom unit—Reliance Jio Infocomm Ltd. has agreed to ally with Microsoft Inc. to accelerate digital transformation with the launch of new cloud data centres.
Bharti Infratel board approved dividend for Rs3.65 per share with record date set as Aug. 23.
Vedanta’s Anil Agarwal said he will not pursue Jet Airways, as per media reports.
Indoco Remedies’ Clinical Research Organization received zero form 483 observations from USFDA.
Fidelity Group increased stake in Shriram Transport Finance from 7.05% to 7.1%.
Results today: Coal India, ONGC, Sun Pharma, Power Finance Corporation, NALCO, NMDC, Rain Industries, Godrej Industries, Manappuram Finance, Apollo Hospitals, Glenmark, Bosch, Chalet Hotels, Dr. Lal Path Labs, Info Edge, IPCA Laboratories, Bharat Forge, Blue Star, RITES.