"We are delighted to welcome Google as a strategic investor in Jio Platforms. We have signed a binding partnership and an investment agreement under which Google will invest Rs 33,737 crores for a 7.7 per cent stake in Jio Platforms," Mukesh Ambani said at the company's annual general meeting.
How would you react if the oranges and other items at your neighbourhood grocery store were smiling at you? If you want to find out, head to British artist Lucy Sparrow's recent art installment at the Standard, Downtown Los Angeles and check out the adorable results.
In August this year, ABN Amro Bank decided to renew the lease for its 3,100 sq ft office space at Nariman Point's Sakhar Bhavan, but the landlord dropped a bomshell by jacking up the rental to Rs 500 per sq ft.
India's largest biotechnology company Biocon is planning to tap the potential of biosimilars (generics or copycat versions of biotech drugs going off patent) in the regulated markets of the US and Europe, besides taking Insugen, its own version of insulin, to the global markets in a big way.
Citing a number of factors, including historic valuations, expectations for monetary stimulus, lower oil prices, and a weak rupee, the investment bank said it is 'overweight on private banks, IT services, and health care, but is underweight on consumer discretionary, energy and materials'.
Norway nabbed the first gold medal of the Winter Games on Saturday
Cross-country skier Johaug to call time on Olympic career after Sunday's 30km.
The competition which BigBasket faces now is with the big three - Amazon, Walmart, and Reliance.
President A P J Abdul Kalam asked the Indian companies on Friday to tap the vast potential for health care products in the international market by maintaining competitive pricing and high quality.
Maradona's inheritance process is likely to be a messy affair between his large family, with eight children from six different partners
The breakfast cereal category in India is heading for more competition.
Close on the heels of the Mukesh Ambani-controlled Reliance Retail's possible entry into the second-hand car market, Tata Motors, the country's second largest automobile major, is planning a similar foray.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
The latest deal would give Facebook deeper access to India, the second largest internet market after China.
Analysts say large firms in these segments don't need loan recast due to the efficient manner in which many of them operate.
Domestic car market leader Maruti Udyog Limited, which had till recently refrained from making a serious foray into the diesel-powered segment, foresees 20 per cent of its sales coming from such cars by 2010.
The world's largest retail company, Wal-Mart was founded by Sam Walton in 1962.
The partnership will also see the two parties cooperate on technology initiatives, including development of affordable smartphones.
Strategic direction post-COVID-19 and further details on asset monetisation are key expectations from the 43rd AGM of RIL, analysts said.
The personal computer market grew 30 per cent to cross the 4.6 million units in 2005-06, according to IDC's India quarterly PC market tracker.
Consultants who help lease these properties say this is the steepest decline at least in a decade.
Pharmaceutical firm Glenmark said on Monday it had signed a supply and marketing agreement with Aspen USA for joint manufacturing and sales of three generic products in US.
Simvastatin goes off patent in late June; Ranbaxy gets 180-day exclusivity period; Dr Reddy's-Merck will be third player.
Several markets, including the foreign exchange and all the commodity markets will remain closed on Thursday, March 30, on account of Gudi Padwa.
The gems and jewellery sector in India, consisting of a large number of small and medium enterprises (SMEs), has started to shine again, according to a survey conducted by IndiaMART Knowledge Services (previously known as IndiaMART Research Unit).
Wal-Mart's entry into India through an agreement with the Bharti group is a first-of-its-kind for the US retailing giant. The Arkansas-based retailer has always preferred to enter a new market on its own.
First-time home buyers have stayed away from the market ever since developers, in a bid to cash in on the market sentiment, focused on launching luxurious projects, bigger in size and priced beyond the reach of average buyers. Property prices across India more than tripled from 2003-07, owing to rising incomes, mortgage availability at inexpensive rates, higher tax benefits and speculators flocking to the market.
Capital dumping is being used by foreign e-commerce firms to subsidise and engage in predatory pricing, oil-to-telecom conglomerate Reliance Industries (RIL) has told the Associated Chambers of Commerce and Industry of India (Assocham) in an internal document. The document alleges that this is leading to massive unemployment and financial distress among small merchants and kirana stores. It consists of various recommendations and proposed changes that deal with Press Note 2 of 2018 (PN 2), which RIL wanted Assocham to present to the government, according to sources.
Despite a massive underperformance at the bourses since the last six months, analysts are turning optimistic on Reliance Industries (RIL). Those at Jefferies, for instance, say that the company is a proxy play for India's consumption growth story. The key catalysts for the stock, according to a Jeffries note, include faster-than-expected market share gain in retail, oil-to-chemicals (O2C) stake sale, recovery in gross refining margins (GRM), potential public listing of Jio and even a possible banking licence going ahead. That apart, analysts feel any tariff hike in Reliance Jio (RJio) - its telecom venture - will also aid performance. With balance sheet adequately de-levered, proceeds from a strategic stake sale in the O2C business will create a sizeable war chest for the company, analysts say.
According to the PwC report titled -- Value Added Service: The Next Wave -- it is now time for India to evolve from the well established mobile messaging and commoditised voice play to focus on customer segmentation based data play.
Avenue Supermarts, which runs D-Mart, posted a 47 per cent jump in net profit in the March quarter and its revenue and operating profit went up 41 per cent. The company's chief executive and managing director, Neville Noronha, talks to Raghavendra Kamath about strategy.
Gautam Adani, who is diversifying into many businesses, saw a 48 per cent rise in his wealth to Rs 1.40 lakh crore and moved up two places in rankings to being the fourth richest Indian. Hinduja Brothers and HCL's Shiv Nadar were ranked 2nd and 3rd. Wipro's Azim Premji slipped two places to fifth place.
Actual trading between India and China through Nathu-La has resumed after a gap of 44 years with traders from both the countries visiting the marts on either side of the border and transacting business worth Rs 70,000.
Reliance Industries Ltd's focus on the next hypergrowth opportunities in clean tech and its path to decarbonisation has the potential to spur re-rating, raises clarity on investment cycles and reduces investor worry, brokerages said. RIL chairman Mukesh Ambani at the company's 'Green AGM' on Thursday committed Rs 75,000 crore over the next three years to set up an integrated Green Energy Giga Complex across 5,000 acres in Jamnagar, Gujarat which will contain four giga factories. The complex, which would be one of the world's largest renewable manufacturing facilities, would have an integrated solar photovoltaic module factory, an energy storage battery factory, electrolyser manufacturing for hydrogen production, and manufacturing of fuel cells so that hydrogen can be used in transportation.
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