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Business deals

Reliance and BP to form venture to grow India fuel retail network

Jio-BP plans to quadruple fuel stations to 5,500 across country in 5 years

Reliance Industries, India's largest company by market capitalization, is run by its billionaire chairman, Mukesh Ambani.   © Reuters

MUMBAI (NewsRise) -- Reliance Industries signed a definitive agreement with British energy major BP to form a joint venture that will expand the Indian conglomerate's fuel retail network by four times over the next five years.

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