Debasis Mohapatra
Bengaluru, 11 Mar 2026
Reliance Industries was on news on Wednesday after the US President, Doland Trump announced that RIL would build a new refinery in Brownsville, Texas. Trump made the announcement in his social media handle.
“Today I am proud to announce that America First Refining is opening the FIRST new U.S. Oil Refinery in 50 YEARS in Brownsville, Texas. THIS IS A HISTORIC $300 BILLION DOLLAR DEAL – THE BIGGEST IN U.S. HISTORY…Thank you to our partners in India and their largest privately held energy company, Reliance, for this tremendous investment,” Trump wrote in Truth Social.
Meanwhile, the company has stepped up liquefied petroleum gas (LPG) production at its Jamnagar Refinery Complex and diverting natural gas from the KG-D6 Basin to priority sectors in line with government guidelines issued amid disruptions in global energy supplies.
RIL was trading 0.67% down at Rs 1,399.30 on Wednesday (at 12.45 IST) in NSE.
Indigo CEO resigns:
IndiGo CEO Pieter Elbers has resigned and Managing Director Rahul Bhatia has been appointed interim charge of management of the affairs of the company, the airline said in a regulatory filing on Tuesday.
“We wish to inform you that the Board of Directors of the Company, at its meeting held today, i.e., March 10, 2026, inter-alia, took note of the resignation tendered by Mr. Pieter Elbers, Chief Executive Officer. He will be relieved from the service of the Company effective close of business hours on March 10, 2026. Mr. Rahul Bhatia, Managing Director, shall in the interim assume management of the affairs of the Company,” IndiGo said in the exchange filing.
Indigo share price was trading at 0.3% up at Rs 4,393.40 at 12.45 PM IST in NSE on Wednesday.
