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Business

Reliance makes its 15th global oil block exit with pullout from Peru Reliance Industries has pulled out of the last oil block it held in Peru, trimming its overseas assets to just two properties in Myanmar. The billionaire Mukesh Ambani-led firm had in 2007 set up Reliance Exploration and Production (REP) DMCC prim

Shriram Cap, IDFC Bank plan mega merger The Chennai-based Shriram Capital and IDFC Bank are set to begin 90 days of exclusive negotiations next week for an all-stock merger that could create a Rs 60,000-cror