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The US is looking to persuade India's Reliance Industries to refine more Venezuelan crude as Washington seeks to bring additional supplies to a market rattled by the Iran conflict. Bloomberg's Sudhi Ranjan Sen has more from US Secretary of State Marco Rubio's visit to India. (Source: Bloomberg)...

US Secretary of State Marco Rubio hopes to discuss Venezuelan crude in his meeting with Reliance Industries' Chairman Mukesh Ambani at Jamnagar in India's western state of Gujarat. "This is a company that has the capability to refine the heavy crude that's produced in the western hemisphere, including from Venezuela," he told reporters on Wednesday. (Source: Bloomberg)...

The US is looking to persuade India's Reliance Industries Ltd. to refine more Venezuelan crude as Washington seeks to bring additional supplies to a market rattled by the Iran conflict....

Reliance is central to Washington's efforts to punish Russian energy buyers and contain oil prices amid the war on Iran....

Indian refineries exported Russian crude oil products to Western markets, generating significant revenue in September. The European Union, Australia, the US, and New Zealand imported these refined products, despite existing sanctions. Reliance Industries' Jamnagar refinery was particularly active in these exports, sending significant cargoes to the EU and the US. However, India's own imports of Russian crude oil decreased by 13% during the same period....

For generations of Indians, Reliance Industries Ltd. was their introduction to the stock market. Founder Dhirubhai Ambani drew middle-income savers into shares, building a following that endured for decades....

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Billionaire Mukesh Ambani is looking to activate the vast workforce of Reliance Industries Ltd. to drum up interest in the blockbuster initial public offering of his empire's telecom and digital services arm Jio Platforms Ltd., even bringing forward some salaries to give employees access to investable cash....

Reliance Industries Ltd., led by billionaire Mukesh Ambani, pushed back against suggestions that it is trying to keep Elon Musk's Starlink Inc. out of India, saying its own satellite venture is still awaiting regulatory clearances....

Reliance Industries has welcomed the entry of Elon Musk's Starlink into the Indian satellite communications market. The company clarified that it has never feared competition and is also awaiting clearances for its satellite services. Musk has alleged that Reliance benefits from monopolistic practices and has questioned regulatory barriers. The Indian government has stated that all companies must comply with existing laws and security requirements....

Secretary of State Marco Rubio is expected to meet Reliance Industries Ltd.'s Chairman Mukesh Ambani next week, according to the US envoy, underscoring Washington's engagement with the conglomerate amid Elon Musk's recent public swipes at the Indian billionaire....

The telecom arm of Reliance Industries is seeking to raise more than $3 billion in what could be the country's largest-ever listing....

Jio Platforms Ltd.'s push for a record initial public offering has drawn investor skepticism over its lofty valuation aspirations, providing an early test for Ambani heir Akash who's leading a major Reliance Industries Ltd. transaction on his own for the first time....

Outside the U.S., India is the biggest destination for Venezuelan oil, with Reliance Industries purchasing the bulk of it....

Reliance Industries Ltd. may offer investors a cheaper way to own Jio Platforms Ltd. after the telecom unit lists, with analysts saying the parent company's shares reflect a substantial discount....

India's imports of Venezuelan oil are set to surge to the highest in almost seven years this month, as steep discounts lure refiners such as Reliance Industries Ltd. while Russian supplies become costlier....

Mukesh Ambani's Jio Platforms is preparing for a significant IPO to raise approximately $3.8 billion. The IPO is expected to open on October 21 and shares will debut on October 28. This IPO aims to reduce debt and will involve a fresh issue of equity shares. Jio Platforms seeks a valuation between $143 billion and $146 billion through this offering. Reliance Industries, owning about 66....

Ghana awarded 5G spectrum and a license to Telecel Group after the government ended the exclusive rights of a state-backed wholesale provider that partnered with Indian billionaire Mukesh Ambani's Reliance Industries Ltd....

India's privately owned fuel retailers Reliance Industries Ltd. and Nayara Energy Ltd. have begun rationing diesel and gasoline as they try to limit losses from rising crude costs and flat retail prices, according to people familiar with the matter....