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Reliance Industries (RIL) rose by 3.87 percent in early trade on Wednesday, after the company announced Saudi Arabia’s Public Investment Fund’s (PIF) investment of Rs 9,555 crore in the retail unit.
According to the statement made by the firm, the PIF will take a 2.04% stake in Reliance Retail Ventures Ltd (RRVL).
Due to the ongoing COVID-19 pandemic, the situation of the economy of many countries has worsened. The effect can be seen in Saudi Arabia as well. As there are no jobs 450 Indian workers have no other choice but to beg for survival.
World's biggest oil exporter Saudi Aramco has discovered two new oil and gas fields in the northern regions of the kingdom, Saudi Arabia's energy minister said.
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