In 2024, the healthcare sector in India was abuzz with the merger of Aster DM Healthcare and Quality Care India Limited (QCIL), backed by Blackstone, resulting in an entity valued at $5.08 billion. This merger gave birth to Aster DM Quality Care, catapulting it to the position of the third-largest...
India’s Reliance Acquires REC Solar for $771 Million
Mumbai-headquartered Reliance New Energy Solar acquired a 100 percent stake in Norway-based REC Solar Holdings AS from China National Bluestar (Group) Co Ltd. for $771 million. Reliance New Energy Solar Ltd is a wholly-owned subsidiary of Reliance Industries Ltd., which aims to invest about $10.1 billion in clean energy over...
India's Reliance Exceeds ExxonMobil market cap
Mumbai-based Reliance Industries Ltd. toppled Houston's ExxonMobil to become the world’s second largest energy company after as investors piled into the conglomerate lured by the Indian firm’s digital and retail forays. Reliance manages the world’s biggest oil refinery complex in Jamnagar, Gujarat. According to Bloomberg, its shares rose 4.3% in Mumbai on...