New Delhi, Feb. 13 -- Reliance Industries: Billionaire Mukesh Ambani-led Reliance Industries Ltd (RIL) announced on Wednesday, February 12, that it has set up a wholly-owned subsidiary, REC Sustainable Energy Solutions Pte Ltd (REC SES), in Singapore. The newly incorporated entity will function as a global capability centre, aiming to consolidate research and development (R&D) efforts, attract international talent, and facilitate technical and procurement services supporting RIL's new energy initiatives. In its stock exchange filing, RIL stated that REC SES was incorporated on February 12, 2025, to bolster the company's strategic focus on clean energy solutions.

Kotak Mahindra Bank: The Reserve Bank of India (RBI) has lifted restrictions...