Reliance Industries plans big for financial business

Reliance Industries now plans to foray into the financial services sector and signed a joint venture agreement with global private equity fund house DE Shaw late last month. This joint venture will help them to venture into the financial service sector going forward.

RIL after merging with DE Shaw is looking for different sectors like energy trading, private equity, share trading and other necessary financial services. DE Shaw-s expertise in these will help RIL to venture into its new interest.