Diverse marquee investors are becoming long-term shareholders of Jio Platforms because of a unique set of technologies and platforms under one entity.
Prosus-backed fintech firm PayU is set to acquire India's earliest payment gateway BillDesk in an all-cash transaction of $4.7 billion. This will be the largest acquisition in India's digital payments space. The deal will also give exit to investors General Atlantic, TA Associates, Temasek, Clearstone Ventures, and Visa. The proposed acquisition will help PayU, the payments and fintech business of Prosus which operates in more than 20 markets, become one of the leading online payment providers globally by total payment volume (TPV).
The diplomatic crisis between Pakistan and Afghanistan deepened on Sunday after Kabul announced that it will withdraw its ambassador and other senior staff from Islamabad after the abduction and torture of the daughter of its envoy to Pakistan.
The United States has put on hold all its military-to-military engagements with Russia, attributing the move to Russia's intrusion into Ukraine.
US private equity firm Silver Lake Partners will invest an additional Rs 1,875 crore in the retail arm of Reliance Industries, the Indian firm said in a statement on Wednesday.
During their trip, the Trumps will be booked into the 14th floor of the ITC Maurya hotel in the Grand Presidential Suite in New Delhi. Trump will be the fourth US president to stay at the ITC Maurya in the recent past. US president Barack Obama, Bill Clinton and George W Bush also chose the same facility.
Ronaldo just bought the most exquisite Bugatti La Voiture Noire.
The stock-and-cash deal is the biggest in the education space.
The remains of legendary astronaut Neil Armstrong, the first man to set foot on Moon, were buried at the Atlantic Ocean in a ceremony aboard a US Navy cruiser.
The aviation pioneer's body has never been officially found after she disappeared July 2, 1937.
Samant said he has been into R&D for the past 24 years and before joining GlobalLogic, he was president at Ness Technologies and had worked at Hewlett-Packard lab in India and also has worked at IBM labs.
Taking a dig at China, Defence Minister Rajnath Singh on Sunday said 'some irresponsible nations' with their narrow partisan interests and hegemonic tendencies are coming up with wrong definitions of the UN Convention on the Law of the Sea.
'What would we feel if we found the world behaving the way it has?' 'Forced to fight our own prolonged battle; nobody from outside really demanding that the war end or actively working to make it end, and above all, a completely toothless United Nations reduced to pleading for a halt to the violence,' notes Shyam G Menon, exactly a month after Vladimir Putin ordered the invasion of Ukraine.
External Affairs Minister S Jaishankar left London at the end of a four-day visit to the United Kingdom on Friday with a message of convergence as the two countries agreed on an ambitious '2030 Roadmap' towards a Free Trade Agreement (FTA).
The World Nature Photography Awards announced the winners of their 2020 competition, showcasing an array of talented photographers from around the world. The grand prize winner award went to Thomas Vijayan for his image of the endangered Bornean orangutan. Vijayan spent hours up a tree, waiting to see if one of the local orangutans would use it to cross over to a nearby island. Take a look at some of the jaw-dropping images.
World's top 100 metros generate roughly half of the globe's total economic output.
They noted that the exercise had begun in 2011 and an Inter-Ministerial Group submitted its recommendations in 2012 after meeting for 10 times.
Private equity firm Carlyle Group and associates will acquire a controlling stake of over 50 per cent in PNB Housing Finance by investing in the Rs 4,000 crore preferential issue of equity and warrants of the Delhi-based mortgage lender. After the proposed transactions, expected to be completed by January 1, 2022, Carlyle will also have the right to nominate the chairperson of PNB Housing Finance (PNB HF). This right will continue as long as it holds at least 40 per cent of the share capital on a fully diluted basis.
Naved Masood, former secretary in the Ministry of Corporate Affairs and Sebi board member; TV Mohandas Pai, chairman of Manipal Global Education and Dinesh Kanabar, CEO, Dhruva Advisors have ceded their position on the NSE board following end of their tenure.
He said the actions of the ruling Chinese Communist Party meant there were 'threats to India, threats to Vietnam, threats to Malaysia, Indonesia and the South China Sea challenge'.
Notwithstanding how the current impasse is solved, at some point in the future, Russia will realise that just as centuries ago it developed the paradigm of securing its heartland's safety through annexing vast buffer zones between itself and the enemy, a more modern security is possible only through friendly relations and sustainable peace, observes Shyam G Menon.
Singapore is the most favoured destination for people living in India, Indonesia, Thailand, Hong Kong and the Philippines when it comes to post-lockdown travel.
Putin is looking beyond the current regime in Kyiv. Of course, if the Western military assistance to Kyiv continues in any form, Washington knows that Russia will regard it as a hostile act and there will be severe consequences, predicts Ambassador M K Bhadrakumar.
Here are the top 10 images from the big news that shook the world in the previous week.
Earlier this year, Jennifer Lopez and Shakira took the honors in a halftime show of girl power and Latina strength. Previous performers have included Lady Gaga, Katy Perry, Prince and the Rolling Stones.
If New Delhi finds itself out in the cold in Afghanistan, both the Congress-led UPA and BJP-led NDA have only themselves to blame. Each has been in power for a full decade from 2001, without reaching out to the Taliban, points out Ajai Shukla.
World leaders thanked India for its help and support in combating the coronavirus pandemic through "early and meaningful" shipments of COVID-19 vaccine doses, as they addressed the high-level UN General Assembly session this year.
'It is no accident that politicians strive to control sports bodies, and get their names associated with popular sports, sometimes by renaming stadiums after themselves,' observes Devangshu Datta.
An Air France plane with 228 people on board from Brazil to France has vanished over the Atlantic after an alleged lightning strike.
NTT had earlier sought the combined 63 per cent stake of the promoters and private equity firm General Atlantic Partners, but their exclusive talks failed due to a valuation mismatch.
It will take you 245 days to complete the journey.
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.
Here are the images that encapsulated the biggest moments in the month of August.
Queen Elizabeth II used her banquet speech to subtly remind the visiting US President that the international institutions set up after the World War II were designed to ensure the horrors of conflict were not repeated.
When the novel coronavirus outbreak hit China in late December and January, the government sprang into crisis mode. Hard-hit cities like Wuhan, where the outbreak began, went into complete lockdown. Millions worked from home or self-quarantined for weeks on end. New hospitals were built in a matter of days to treat the sheer number of patients. People who broke quarantine rules or lied about their travel history were detained. Soon, the virus spread over the globe, with many countries banning movement of citizens to some ordering sanitisation of public spaces. Take a look.
Tata Consultancy Services and Oracle have begun a pilot project involving international carrier Virgin Atlantic to manage critical parts used in aircraft maintenance and repairs by tagging them with a radio frequency identification device.
After monetising Jio Platforms -- which houses the firm's telecom arm and digital ventures, richest Indian Mukesh Ambani is looking to rope in investors in the retail business.
