U.S. eyes refining muscle of Indian billionaire Ambani's Reliance as Rubio visits Jamnagar plant
Rubio said the "extraordinary" refining capacity of Reliance could help India diversify its energy supplies, hinting at greater offtake of Venezuelan crude.
CNBC reports: Rubio said the "extraordinary" refining capacity of Reliance could help India diversify its energy supplies, hinting at greater offtake of Venezuelan crude.
This business story centres on India. Names and organisations mentioned in the coverage include Ambani's Reliance, Indian and Rubio.
Why it matters
Business and economic news can ripple through prices, jobs, investments and household budgets.
Key details
- Location
- India · Asia
- Reported by
- CNBC
- First reported
- Key names
- Ambani's Reliance, Indian, Rubio, Jamnagar
- Section
- Business
Sources
This is an independent summary. Read the full, original reporting from the publisher:
- CNBCU.S. eyes refining muscle of Indian billionaire Ambani's Reliance as Rubio visits Jamnagar plant
Spotted an error? Request a correction · How this summary was produced
Related Stories
Marco Rubio to visit Indian billionaire Ambani's refinery in Gujarat as U.S. diesel prices surge
Not only is Ambani's Reliance investing in a U.S. refinery and buying Venezuelan oil, but its strong ability to supply diesel has put Jamnagar on…
Who are the women powering India's youth-led protests?
Facing online harassment and police detentions, women are taking to the streets of Indian cities in large numbers for the youth-led "Cockroach"…
Rubio says U.S. to discuss refining Venezuelan crude with Reliance, adds India made ‘substantial progress’ in diversifying energy supplies
The U.S. Secretary of State also said that India and U.S. are ‘very very close’ to finalising the trade deal.
India-New Zealand FTA comes into force; new visa categories for Indians, zero-duty access for exports
The FTA includes two new Temporary Employment Entry (TEE) visa categories for Indian nationals.
Source: Red Wings' Larkin stretches list of trade options to 10 teams
Dylan Larkin, whose trade request was made public last June, has told the Red Wings he'd be willing to move to at least seven additional teams…
Australian data center operator NextDC's shares plunge 40% after it slashes earnings forecast
The company cited power supply delays at its Melbourne facility amid local community and stakeholder opposition for lowering earnings forecast.
Elice's huge stock swings show AI's spending boom is getting more investor scrutiny
The AI boom is entering a more unforgiving phase, as investors question whether the billions poured into data centers will translate into…
Capital One's strong quarter and progressing Discover integration are rewarded on Wall Street
Stronger net interest income and credit performance were the stars of the bank's earnings.
