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This will be the first significant foreign investment in the Indian petrochemical sector.

The project incorporates infrastructure development on an Engineering, Procurement, and Construction (EPC) basis and is expected to be completed within 36 months.

The fund to invest predominantly in equity and equity related instruments of rural theme companies.

The acquisition will be completed in one or more tranches for a total of roughly ₹15.02 Crore.

Brent crude futures dropped 28 cents, or 0.4%, to $75.88 per barrel. At $73.02, U.S. West Texas Intermediate crude futures fell 30 cents, or 0.4%.

The underlying theme of the Fed minutes of 18-Dec meeting was concerns that Trumponomics could trigger inflation

Spot gold fell 0.1% to $2,659.27 an ounce. U.S. gold futures increased to $2,677.10, up 0.2%.

The dollar is still strong and has a significant impact on the currency market as a result of the bond market selloff.

The proceeds of the transaction will be used largely to repay $491 Million in outstanding borrowings under its revolving credit facility.

According to Jio officials, the business has begun expanding its distribution network and streamlining the AirFiber onboarding procedure