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Mumbai, May 16 (DIN NEWS) Global rating agency Fitch today affirmed Reliance Industries’ long-term foreign-currency rating at BBB-, with a stable outlook. RIL’s rating is supported by its strong business profile, which is driven by its robust refining and petrochemical operations, the agency said in a note. Its primary analyst and a director Muralidharan R cited the robust and improved refining operations that consistently outperform regional refining benchmarks as one of the reasons for retaining the rating with stable outlook. The company runs the world’s largest single-location refinery at Jamnagar with…

New Delhi, May 16 (DIN NEWS) India’s GDP and larger developmental process will gain momentum over the coming decades and in turn bolster the mining and minerals sector, President Ram Nath Kovind said today. He also asserted that eventually the local communities must benefit from the discovery, extraction and development of mineral resources. The reform process set in motion in the mining sector four years ago is bearing rich dividends and will enhance the fiscal health of states, Kovind said at the National Geoscience awards event here. “India is one of…