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Overtakes to Exxon Mobil,RIL become to made world’s no 2 energy company.

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4 years ago

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Reliance Industries Ltd., controlled by Asia’s richest man Mr Mukesh Ambani, toppled ExxonMobil Corp. to become the world’s largest energy company after Saudi Aramco, as investors piled into the conglomerate lured by the Indian firm’s digital and retail forays.

On July 24, 2020, Reliance, which manages the biggest refinery complex, gained 4.3 per cent in Mumbai adding US$ 8 billion to take its market value to US$ 189 billion, while Exxon Mobil erased about US$ 1 billion. Reliance has witnessed a 43 per cent rise in its shares this year while Exxon’s shares have dropped 39 per cent as the refineries are struggling across the globe with a plunge in fuel demand. The world’s biggest energy company is Aramco with a market capitalization of US$ 1.76 trillion.

The contribution of energy business in the total revenue in the year ended March 31 was about 80 per cent, Chairman Mr Mukesh Ambani’s plan to expand the company’s digital and retail arms and has so far attracted US$ 20 billion into the Jio Platforms Ltd. unit. This has helped in adding US$ 22.3 billion to Ambani’s wealth this year, driving him to the fifth spot in the Bloomberg Billionaires Index.

The deals involve investments from Google to Facebook Inc. into digital platform in recent months. The 63-year-old tycoon has identified technology and retail as future growth areas in a pivot away from the energy businesses he inherited from his father who died in 2002.

The large scale global oil demand has seen a decline to some 30 million barrels a day, or a third of regular usage, in April and has caused trouble in energy markets, from which they’ve only recently started to recover. The big oil companies have suffered because of worst-in-a-generation oil prices combined with OPEC production cuts, leading to collapse of refining margins and millions of barrels of unsold crude.

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Apple is giving a huge discount on its gadgets: Details inside

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3 years ago

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May 5, 2022

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If you want to buy an iPhone and were waiting for a nice offer, then we have a piece of good news for you! Amazon Summer Sale May 2022 has begun and they are offering major discounts on various smartphones, laptops, and smart TVs, among others.

The sale is live now on the e-commerce platform with no-cost EMI options and exchange discounts on various products. In addition to this, Amazon has also partnered with several banks including ICICI, Kotak Bank, and RBL so that customers get instant discounts of up to 10% using their cards and EMI transactions.

Customers can easily enjoy this summer sale and get massive discounts on iPhones. They can also compare prices on Flipkart Big Saving Days Sale 2022 before making a purchase.

 

Amazon Summer Sale May 2022: Discount offer on iPhone 13 

Apple’s coveted phone model iPhone 13 in the 128 GB storage model will be available during the Amazon Summer Sale May 2022 for Rs 64,900. The MRP of the phone is Rs 79,900. This means that the customers will be able to enjoy a discount of up to Rs 15,000 on the purchase of the iPhone 13.

If you have an old iPhone in working condition then you will also be eligible to receive another additional discount worth up to Rs 17,000 on the iPhone 13.

Buy at Rs. 64,900 (MRP – Rs. 79,900)

Features of Apple iPhone 13 

The iPhone is powered by an A15 Bionic processor with 6 core CPU. Apart from this, it has 16 core neural engines. With the iPhone 13, up to 512 GB of storage will be available. The iPhone 13 has a 6.1-inch Retina XDR display with 1000 nits brightness.

The iPhone 13 has a 12-megapixel dual rear camera setup. This time a new wide-angle camera has been given, whose aperture is f/1.6. With this, there is support for sensor optical stabilisation. Night mode has been made better than before. The second lens is also 12 megapixels ultra-wide and has an aperture of f/2.4.

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