{"id":314591,"date":"2019-08-12T10:03:53","date_gmt":"2019-08-12T10:03:53","guid":{"rendered":"http:\/\/tehelka.com\/?p=314591"},"modified":"2019-08-12T10:07:01","modified_gmt":"2019-08-12T10:07:01","slug":"mukesh-ambani-announces-75-billion-deal-with-saudi-aramco","status":"publish","type":"post","link":"https:\/\/tehelka.com\/mukesh-ambani-announces-75-billion-deal-with-saudi-aramco\/","title":{"rendered":"Mukesh Ambani announces $75 billion deal with Saudi Aramco"},"content":{"rendered":"<p style=\"font-weight: 400; text-align: justify;\"><span style=\"font-family: 'times new roman', times, serif; font-size: 14pt;\"><img decoding=\"async\" loading=\"lazy\" class=\"size-full wp-image-303745 aligncenter\" src=\"http:\/\/tehelka.com\/wp-content\/uploads\/2018\/10\/CEO-Spotlight-Reliance-Industries-Chairman-Mukesh-Ambani.jpg\" alt=\"\" width=\"1600\" height=\"1017\" srcset=\"https:\/\/tehelka.com\/media\/2018\/10\/CEO-Spotlight-Reliance-Industries-Chairman-Mukesh-Ambani.jpg 1600w, https:\/\/tehelka.com\/media\/2018\/10\/CEO-Spotlight-Reliance-Industries-Chairman-Mukesh-Ambani-300x191.jpg 300w, https:\/\/tehelka.com\/media\/2018\/10\/CEO-Spotlight-Reliance-Industries-Chairman-Mukesh-Ambani-768x488.jpg 768w, https:\/\/tehelka.com\/media\/2018\/10\/CEO-Spotlight-Reliance-Industries-Chairman-Mukesh-Ambani-1024x651.jpg 1024w, https:\/\/tehelka.com\/media\/2018\/10\/CEO-Spotlight-Reliance-Industries-Chairman-Mukesh-Ambani-696x442.jpg 696w, https:\/\/tehelka.com\/media\/2018\/10\/CEO-Spotlight-Reliance-Industries-Chairman-Mukesh-Ambani-1068x679.jpg 1068w, https:\/\/tehelka.com\/media\/2018\/10\/CEO-Spotlight-Reliance-Industries-Chairman-Mukesh-Ambani-661x420.jpg 661w\" sizes=\"(max-width: 1600px) 100vw, 1600px\" \/>At its annual general meeting (AGM), Reliance Industries Ltd (RIL) chairman and managing director Mukesh Ambani on Monday announced that its RIL is set to sell a 20 % stake in its oil to chemicals business to Saudi Aramco.<\/span><\/p>\n<p style=\"font-weight: 400; text-align: justify;\"><span style=\"font-family: 'times new roman', times, serif; font-size: 14pt;\">The deal valued the business at $75 billion including debt, Ambani said.<\/span><\/p>\n<p style=\"font-weight: 400; text-align: justify;\"><span style=\"font-family: 'times new roman', times, serif; font-size: 14pt;\">This is the biggest foreign investment in the history of Reliance,&#8221; he added.<\/span><\/p>\n<p style=\"font-weight: 400; text-align: justify;\"><span style=\"font-family: 'times new roman', times, serif; font-size: 14pt;\">Ambani also announced that Jio Fiber Services will be launched on commercial basis on September 5, 2019. \u201cThe most basic Jio Fiber plan will start at 100 Mbps speed and we have planned all the way up to 1 Gbps, said Mukesh Ambani.<\/span><\/p>\n<p style=\"font-weight: 400; text-align: justify;\"><span style=\"font-family: 'times new roman', times, serif; font-size: 14pt;\">He further said that plan will start at monthly rental of Rs 700 and go up to Rs 10,000.<\/span><\/p>\n<p style=\"font-weight: 400; text-align: justify;\"><span style=\"font-family: 'times new roman', times, serif; font-size: 14pt;\">&#8220;As per the company, premium Jio Fiber customers will also get to watch new movies at home on the same day of its release in theatres. This service will be launched in the middle of 2020,&#8221; Ambani added.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>At its annual general meeting (AGM), Reliance Industries Ltd (RIL) chairman and managing director Mukesh Ambani on Monday announced that its RIL is set to sell a 20 % stake in its oil to chemicals business to Saudi Aramco. The deal valued the business at $75 billion including debt, Ambani said. This is the biggest [&hellip;]<\/p>\n","protected":false},"author":59,"featured_media":303745,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[167],"tags":[3132,11737],"_links":{"self":[{"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/posts\/314591"}],"collection":[{"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/users\/59"}],"replies":[{"embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/comments?post=314591"}],"version-history":[{"count":3,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/posts\/314591\/revisions"}],"predecessor-version":[{"id":314594,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/posts\/314591\/revisions\/314594"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/media\/303745"}],"wp:attachment":[{"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/media?parent=314591"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/categories?post=314591"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/tags?post=314591"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}