Oil and Gas Sector

Events at the Red Sea have heightened supply disruption risks for oil, for which prices are up 4% MoM

Petrol and Diesel prices in cities across India on 22-02-2024

U.S. West Texas Intermediate crude futures (WTI) increased by 17 cents to $78.08 per barrel.

Ahead of an extraordinary general meeting on February 23, certain major investors are pushing for leadership changes and board restructuring at Byju's.

The KG basin project has faced delays due to challenging geology, subsurface geological issues, shifting well locations, delays in the project supply chain due to the Covid-19 pandemic, and adverse weather conditions.

Further, the board of directors also approved the creation of a joint venture company.

Merger likely to be done through share swap deal.

"The stake deal will further strengthen our strategic partnership with IOCL which is the India’s largest refiner and customer of oil storage tanks,†Adani said.

 Reliance is in "advanced stage" of talks for these acquisitions

Reliance Brands is Reliance Retail Ventures’ arm which is a subsidiary of RIL. It serves the segments of luxury, bridge-to-luxury, high-premium, and high-street lifestyles.