Saudi Aramco aims to buy Reliance stake, reports lower earnings

Saudi Aramco is planning a blockbuster investment in Reliance Industries , the Indian conglomerate said on Monday, as the Saudi energy giant diversifies its business, where weaker oil prices cut its first-half profit by 12%. In preparation for what could be the world's largest initial public offering (IPO), state-run Aramco began publishing its results this year as it also started issuing international bonds. The world's top oil producer plans to launch