Stepping on the gas

Given that the Sensex rose 1.8% on Friday, the 4.6% hike in Reliance Industries Limited’s stock is stupendous, and has a lot to do with the Cabinet finally agreeing to the company moving on with its exploration and production (E&P) business once it gives a bank guarantee for the alleged shortfall in production in its D1/D3 fields in the KG Basin.

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