Live news: Aramco eyes new India investments; Paytm CEO gives firm pep talk

Aramco signed a non-binding letter of intent in August 2019 for a potential 20 percent stake in Reliance’s Oil-to-Chemicals unit valued at approximately $ 15 billion. Reliance said Friday that the companies would get out of the deal.

Paytm founder Vijay Shekhar Sharma Staff pushed To ignore the Indian payment company’s dismal market debut, which he compared to the challenges automaker Tesla faced after it listed over a decade ago, Reuters reported, citing sources. Paytm’s shares slumped for a second day on Monday, brushing nearly $ 7 billion from their $ 18.74 billion market value on one of the worst market debuts ever for a large Indian company. The Indian economy will be in crisis if a law is passed to ensure minimum support price (MSP) for crops, Anil Ghanwat, a member of the Supreme Court-appointed committee on agricultural laws, said Monday. He said this amid demands from farmers protesting MSP laws, despite applauding the government’s decision to withdraw three agricultural laws.

https://www.business-standard.com/article/current-affairs/latest-live-news-23rd-november-2021-aramco-eyes-new-india-investments-paytm-ceo-gives-firm-pep-talk-121112300084_1.html