Mukesh Ambani's Reliance Jio has received an investment worth whooping Rs 87,655 crore in the last 6 weeks. The most recent of the lot came in face of Rs 9,093 crore invested by Abu Dhabi based Mubadala investment company. Mubadala's investment in Reliance Jio will translate into 1.85 per cent equity state.
In the previous session, the BSE barometer settled 128.84 points or 0.38 per cent lower at 33,980.70, while the broader Nifty slipped 32.45 points or 0.32 per cent to close at 10,029.10.
With this investment, Mukesh Ambani's Jio Platforms has raised Rs 87,655.35 crore from leading global technology and growth investors, including Facebook, Silver Lake, Vista Equity Partners, General Atlantic, KKR and Mubadala, in less than six weeks.
Delhi Petrol Dealers Association on Thursday demanded a roll back in the hike of VAT on petroleum products, saying the increase has led to a 79 per cent decline in diesel sales in the month of May.
The COVID-19 response taskforce of FICCI and leading private hospitals associated with the industry body have developed an accounting methodology to bring in standardisation of cost of coronavirus treatment in the national interest.
The Gujarat government on Thursday announced a relief package of Rs 14,000 crore to help revive the economy battered by the lockdown imposed to curb the spread of coronavirus, a measure that includes tax rebates to consumers and loan subsidy for business and shop owners.
Gross non-performing assets (NPAs) of banks are likely to worsen to 11.3-11.6 per cent by the end of this financial year from 8.6 per cent as of March 2020, due to disruptions caused by the coronavirus pandemic, according to a report.
Amazon is in "early-stage talks to buy a stake worth at least $2 billion in Bharti Airtel, India's third-largest telecom company, news agency Reuters reported quoting three sources with knowledge of the matter.
Snapping its six-day winning streak, equity benchmark Sensex closed 129 points lower on Thursday, dragged by losses in banking stocks amid weak cues from global markets.
The Supreme Court on Thursday while hearing the issue of charging interest on loans during the moratorium period, has asked the Ministry of Finance for its response on whether the interest could be waived or should it continue during the moratorium period.
After Jharkhand and Odisha, food ordering and delivery platform Swiggy on Thursday started home delivery of alcohol in Kolkata and Siliguri and plans to expand to 24 other cities across West Bengal
Karnataka Deputy Chief Minister C N Ashwath Narayan on Wednesday invited chip major Intel to set up manufacturing units in Mangaluru or Belagavi. "There is a port in Mangaluru while Belagavi is a few hours from a port in Goa," he was quoted as saying in a press release. The release referred to the connectivity through sea to export the chips made in Karnataka.
Amazon has announced to lease 12 additional 767-300 converted cargo aircraft, increasing their fleet to over 80 aircraft as part of its dedicated air cargo network to help people who rely on items they need delivered directly to their doorstep in these unprecedented times.
Reliance Industries mega Rs 53,124 crore rights issue is the largest in the world by a non-financial issuer in the last 10 years, an analyst said. Oil-to-telecom conglomerate Reliance Industries Ltd's rights issue opened for the subscription of shareholders on May 20 and will close on Wednesday.
In the previous session, the BSE barometer settled at 34,109.54, up 284.01 points or 0.84 per cent, while the broader Nifty rose 82.45 points or 0.83 per cent to end at 10,061.55.
Air passenger traffic in the country is expected to remain under pressure for the first half (April-September) of the current fiscal, with the full year passenger volume likely to go down by about half despite some recovery in H2 FY21, ratings agency Icra said on Wednesday.
Local traders and industries of Kashmir Wednesday demanded a comprehensive economic package to revive businesses in the union territory, saying they have suffered losses since August last year.
Credit card spending tumbled 51 per cent in April amid the coronavirus lockdown, though categories like streaming platforms and online classes saw growth, a survey said
GVK Group has slashed salaries of its staff across companies by up to 30 per cent from May amid the coronavirus pandemic, which has significantly impacted markets and businesses due to a total shutdown of nearly two months, a source said on Wednesday
Retirement fund body EPFO has updated KYC details of its 52.62 lakh subscribers during the April-May period, according to a labour ministry statement.
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