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.
Congress leader and ex-finance minister P Chidambaram on Tuesday said the Union Budget was the "most capitalist" with nothing for the poor and farmers while sops were being provided to big industrialists turning India into a very "unequal country". At a press conference after Union Finance Minister Nirmala Sitharaman unveiled a Rs 39.45 lakh crore Budget, he said because of the ruling party's "brute majority" the Lok Sabha pass the Budget but people will reject it. He claimed the Bharatiya Janata Party was going to elections, scheduled in five states, not with their performance or with the promises and assurances to the people, but solely "with the agenda of dividing the country and bringing Hindutva back to power".
A 58-year-old Indian-American Sikh store owner bravely fought off a gun-wielding masked assailant by using his slipper, thwarting an attempted robbery in New York in the United States.
The three-match series is in jeopardy after a number of COVID-19 cases in the bio-secure environment at the hotel both teams share, including a South African player, two hotel staff and potentially two members of the England party.
You cannot manage the risk in your portfolio if you have no idea how to recognise it.
BSNL is providing telecom services in remote parts of the country and maintaining 17,000 to 18,000 exchanges, incurring Rs 3,000 to Rs 4,000 crore losses every year. Otherwise, these villages will be cut off.
Despite the gains from Jet's closure, in 2018 and 2019, the airline continued to make losses in many quarters for a variety of reasons, including some mistakes like taking on Jet's aircraft, which were not in great shape and had business class configuration, a gamble that did not work for SpiceJet.
Defence PRO said that the forces have managed to restore normalcy in the areas they were deployed and have been continuously working to aid the civil administration.
Now, in many cases, they give no old jewellery but the bills they get show gold as provided by them, the jeweller's making charge and the GST on that.
The government is also considering mandating payments beyond a prescribed threshold only in card/digital mode.
Money saved is money earned, and cutting down your expenses could well be the single-most important step towards an organised financial life. Naval Goel shows you how to keep your finances organised.
The 50-day deadline to deposit the old Rs 500/1,000 notes in banks comes to an end on Friday but the cash crunch and queues before ATMs are likely to continue for some more time as currency printing presses have failed to meet the huge demand for new bills.
The humble Rs 100 bill had several takers on an otherwise normal weekday evening across the country on Tuesday night, even as police had to be deployed outside ATMs to control the crowd waiting eagerly to get their hands on the banknote.
PhonePe via Bharat Bill Payment System (BBPS) plans to get into a number of new verticals, including fee payments in schools and colleges, payments at hospitals and other services
Despite the onset of wedding season, the situation in apparel retail market remained unchanged and saw sharp decline in sales
Monsoon session of Parliament expected to be stormy and likelihood of GST Bill and Land Bill getting passed are slim
While players in the financial ecosystem are opening up to the idea of receivables funding for the sector, this market needs a regulator, which a Parliament panel feels only RBI can provide.
Apart from this, employers may be allowed to deduct EPF contributions only on the basic pay of up to Rs 15,000, even if the employees' basic pay is above this ceiling. While on one hand this will allow companies to lower their wage bills, employees can also get a higher salary in hand.
Berkshire has owned P&G stock since P&G bought Gillette Co in 2005. Buffett had invested in Gillette since 1989.
The ability to collaborate with your team and unlock synergies towards a common goal while operating from a remote location is one of the top and evergreen skills you can highlight on your resume.
The money was allegedly diverted by an ATM servicing company in criminal conspiracy with bank officials.
'The economy has to become the government's No. 1 priority, which it is not at the moment,' says T N Ninan.
'The UPA was the gang that couldn't shoot straight. The NDA is the gang that can't stop shooting. They (the Modi government) are shooting at anybody, everybody, all directions, shooting themselves in the foot.'
DCC is the answer to your currency woes says K Veeraraghavan.
The airline not to be put on cash and carry mode
As infrastructure, power hardly deal in cash, its paucity has failed to affect their receivables
'The majoritarian solution is what the BJP always prefers.' 'But this solution suffers from a major weakness: It ignores subjective preferences which can be important and non-negotiable,' points out T C A Srinivasa-Raghavan.
But their trajectory and direction have been largely influenced by politics and the political leadership's understanding of how the economy needs to be managed, explains A K Bhattacharya.
In March 2020, soon after the cessation of airline operations globally and domestic flights within India, many in the aviation sector had written Delhi-headquartered low-fare airline SpiceJet's obituary well before that of most of its rivals. Unlike IndiGo, GoAir (now rechristened Go First), Vistara and even AirAsia India, SpiceJet did not have founders or backers with deep pockets. Although it is the only other listed carrier in India besides IndiGo, it was considered the weakest and the least likely to survive the pandemic. But chairman and managing director Ajay Singh surprised everyone by not only surviving but taking the lead on many fronts. Within a few weeks of the scheduled flight stoppage, SpiceJet was doing as many charter flights as it could get hold of.
Some banks might charge you a nominal amount of Rs 100-150 for issuing the card.
Takes on UberEats, Swiggy; experts question cash burn.
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.
Becoming a unicorn is surely a marker for a company in its growth story, but it's not a major achievement nor is it a turning point of any significant worth.
These cash shortages increase banks' funding costs, making it harder for them to lower lending rates
Did you or your family undergo surgery and face a life-threatening situation because of a hospital's negligence? Were you grossly overcharged by the hospital? What happened when you took it up with the hospital?
Your nearest grocery shop might soon become a one-stop shop for depositing and withdrawing money.
An individual with a score above this level will not only enjoy easy access to credit, but will also benefit from lower cost of loans, points out Arun Ramamurthy, founder and director, Credit Sudhaar.
Somebody should ask Hillary Clinton and Donald Trump their views on tipping, says Kishore Singh.
The Cabinet on Thursday approved 49 per cent foreign investment in insurance companies through the Foreign Investment Promotion Board route ensuring management control in the hands of Indian promoters.
One of the mistakes most homemakers make while thinking about financial planning is looking at immediate goals, says Amar Pandit.
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