The deal, as well as some other strategic and financial investments in works, will help Ambani cut debt at RIL.
Arun Jaitley is on a 10-day trip to the US.
The Budget provides a reassuring message about Prime Minister Narendra Modi staying the course.
Such cold-shoulder by banks also indicates a credit freeze that is hard to overcome, unless the government comes out with credit guarantee schemes for loans given by banks. Since that is not happening, and there is no indication of that too, banks are not willing to listen to RBI prodding.
M&M will close down GenZe, an e-scooter business in California, because it is unlikely it would stand on its own feet, and is ahead of its time.
The President said that because of the policies of the government foreign investment has increased from $36 billion to $60 billion during the period.
Three stockmarket experts give their best picks for the New Year.
Hailing clear majority for Narendra Modi-led BJP in the polls, real estate experts on Friday said a stable government at the Centre will help revive the property market.
Jaitley also dismissed criticism that lower taxes were aimed at helping corporates.
'Personally, I have reached that stage where I think material things can't give you any satisfaction.'
Dear readers, we had asked you to send in your personal finance queries to be answered by Basis founder and CEO Hena Mehta. Here's the first batch of responses.
There is a high demand for IT professionals who can envision, design and develop applications for the future.
At a time when buyers are complaining about developers not sticking to delivery schedules and delays stretching for three-four years, these technologies have come as a boon.
Modi urged the Swiss business leaders to explore the investment opportunities in India.
These teens have interesting solutions to every day problems.
The cloud kitchen market in India will hit $1.05 billion by 2023. Just 13% of the total market has been utilised so far.
China plans to sell to foreign countries its new short-range air to surface missile which can be mounted on drones and is designed for anti-terrorism operations.
'The real problem of joblessness and democratic politics is happening here in India. And it is happening now, right before us.'
Banks to be permitted to raise long-term funds for lending to infrastructure sector with minimum regulatory pre-emption such as CRR, SLR and Priority Sector Lending.
Paisa Bazaar, which recently forayed into online mutual fund distribution, has come out with a 20-second video clip featuring Bollywood actor Akshay Kumar. The ad, which talks about the benefits of investing in direct plans, has already got 1.6 million views on YouTube.
He said India has also opened its defence industry 'like never before' and sought investments in the sector.
'Our aim is not to earn money through the film.'
Mayor Robert "Bobby" Tufts was re-elected as the mayor of Dorset, a small town in Minnesota on Sunday. Bobby was first elected as a three-year-old.
'The middle class stood by the BJP, especially after demonetisation, and they expected something in return.' 'Some section of the BJP believes the middle class is condemned to vote for the BJP as they have no other choice.' 'They think they can treat them any way, still the middle class will run to vote for it.' 'That's what the Budget seems to convey.'
Relax fiscal consolidation, boost public capex and reduce cost of finance, industry tells Centre
This announcement will widen the base of investors, especially mid-sized financial institutions.
'Breaking down silos and ensuring a more integrated governance process is just as important to performance.' 'It has been a major priority in the last six years, especially in national security,' External Affairs Minister Dr Subrahmanyam Jaishankar points out when delivering the Sardar Patel Memorial Lecture-2020: India and the Post-Covid World.
Kerala Tourism has drawn up God's Own Country 2.0 and the department is going all out to repair the state's image and infrastructure. Apart from being a damage control exercise, it is also an opportunity to reimagine the state as a tourism brand.
Singapore Airline along with its Indian JV partner have got clearance from the aviation ministry.
The Air India board has cleared a proposal for sending its pilots on deputation to its budget arm, Air India Express, which has been facing shortage of commanders for some time now.
A minor fix in tax laws can make start-ups bloom, says Ajit Balakrishnan.
A minor fix in tax laws can make start-ups bloom, says Ajit Balakrishnan.
Annabel Mehta, Sachin Tendulkar's mother-in-law, has dedicated her life to working with the Beautiful People of the other half of Mumbai without whom the city would neither exist nor thrive. Vaihayasi Pande Daniel met the amazing lady who was awarded the Member of the Order of the British Empire for her service to underprivileged communities.
For the first time since 1985, Tamil Nadu has voted in favour of an incumbent party which has been a shock to those in Anna Arivalayam -- the office of the Dravida Munnetra Kazhagam in Chennai.
The fiscal policy, he said, needs to be better and the first priority should be to address areas that are like low-hanging fruits
DGCA asks those likely to be affected by a scheduled air operator's permit to the airline to give suggestions, objections within 30 days.
The industry's reactions to the Budget have been mixed.
Nine hundred and forty-seven people are said to have died in grief after J Jayalalithaa's demise on December 5. But how true is this claim?
Son's offer to supply free power after 25 years is based on the idea that the cost of running a solar plant would progressively decline while its efficiency would increase.
Sanjay Mookim, India equity strategist at Bank of America Merrill Lynch, tells Puneet Wadhwa that this is not a time for investors to dabble in relatively small and illiquid stocks.
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