This marks the second billion-dollar investment by Silver Lake in a Reliance subsidiary after the $1.35 billion investment in Jio Platforms.
The deal, as well as some other strategic and financial investments in works, will help Ambani cut debt at RIL.
Klay Thompson chipped in with 21 points for the Warriors, who won their third straight overall and ninth in a row at home to maintain their No. 6 position in the Western Conference playoff race.
The FIFA 2022 World Cup will kick-off in Qatar on Sunday, November 20. Here is a list of the 26-man squads playing in the quadrennial global football extravaganza.
Investment by US PE firm KKR will add fire to Ambani's battle for dominance in the retail market that is also being eyed by Jeff Bezos' Amazon and Walmart's Flipkart.
But after English FA's intervention, the Bundesliga giants have now allowed the 17-year-old to feature in Steve Cooper's side only for the group stages.
LeBron James made it to his 10th NBA Finals appearance, while LA Lakers made it to their first Finals in a decade as the Lakers earned a comfortable 117-107 win against Denver Nuggets in Game 5 to win Western Conference Finals 4-1.
The deal follows Facebook picking up a 9.99 per cent stake in the firm that houses India's youngest but largest telecom firm on April 22 for Rs 43,574 crore. Within days of that deal, Silver Lake -- the world's largest tech investor -- bought a 1.15 per cent stake in Jio Platforms for Rs 5,665.75 crore. On May 8, US-based Vista Equity Partners bought 2.32 per cent stake in Jio Platforms for Rs 11,367 crore.
The Los Angeles Lakers captured a record-tying 17th NBA Championship on Sunday with a 106-93 victory over the Miami Heat that sealed the best-of-seven title series 4-2, restoring the storied franchise to the top of the basketball world.
Reliance Retail Ventures Ltd, run by India's richest man Mukesh Ambani, on Tuesday raised Rs 5,512.50 crore from Abu Dhabi Investment Authority (ADIA), taking the total fundraise to Rs 37,710 crore in less than four weeks.
Diverse marquee investors are becoming long-term shareholders of Jio Platforms because of a unique set of technologies and platforms under one entity.
'After living in a country with hazy skies and a billion people, it is breathtaking when the sky is blue, the air crisply clean and there is drinking water in the taps. And, joy of joys, hardly any people.'
Abu Dhabi-based sovereign wealth fund Mubadala Investment Co will invest Rs 6,247.5 crore to buy a 1.4 per cent stake in Reliance Industries Ltd's retail arm -- the billionaire Mukesh Ambani-led firm's third such deal in less than two days.
This is the second investment by General Atlantic in a subsidiary of Reliance Industries, following a Rs 6,598.38 crore investment in Jio Platforms announced earlier this year.
The best camera is the one you have in your pocket. Ever since the release of the first iPhone, the iPhone Photography Awards, now in its 11th year, highlights the best of the best. This year's winners were selected from thousands of entries and from photographers in 140 countries. The winning image, taken by Jashish Salam of Bangladesh and titled "Displaced," shows a crowded refugee camp with Rohingya children watching a film about sanitation. Other awards included prizes for photographer of the year and 18 other categories like Nature, Children and Travel. Check out the winning images.
Reliance Industries on Friday announced the sale of 2.32 per cent stake in its digital unit to US-based Vista Equity Partners for Rs 11,367 crore, the third deal in a little over two weeks that will inject a combined Rs 60,596.37 crore in the oil-to-telecom conglomerate to help it pare debt. The US-based private equity firm will buy a stake in Jio Platforms, which houses the country's youngest but biggest telecom firm Jio, at an equity value of Rs 4.91 crore and an enterprise value of Rs 5.16 crore.
The good times are back, in a measured way, in fun spots across the globe.
With this investment, Jio Platforms has raised Rs 115,693.95 crore from some of the leading global investment powerhouses at a time when the world is deeply impacted by the coronavirus pandemic.
The 71th Annual Golden Globe awards have been announced. There have been quite a few surprises and some expected nods.
A look at the hopefuls this year!
These photos prove we live in a bizarre world.
Summary of sports events and persons who made news on Tuesday
You won't regret including this list in your itinerary.
Queens Park Rangers could be consigned to English soccer's minor leagues if they are relegated from the top flight and fail to pay a potentially huge fine for breaching the Football League's financial fair play rules.
Meet Sabriye Tenberken, a German woman who is changing lives in India.
