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RIL to hive off O2C business Mukesh Ambani-controlled Reliance Industries Limited (RIL), which has proposed hiving off its oil to chemicals (O2C) business into an independent subsidiary, on Tuesday said it had received an approval from the Securities and Exchange Board of India (Sebi) and stock exchanges to create this subsidiary. Former TRAI chief Rahul Khullar passes away Former chairman of the Telecom Regulatory Authority of India (TRAI) Rahul Khullar passed away Tuesday morning in New Delhi owing to a prolonged illness. Khullar, a 1975-batch Indian Administrative Service (IAS) officer, was appointed as TRAI chief in May 2012. He served at TRAI for three years. Before being appointed as TRAI chief, he was a secretary of the Ministry of Commerce and Trade.

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