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.
Investment bankers handling the IPO had said marquee global investors made big-ticket applications.
It is the fundamentals of companies that will drive stock performance.
... As the world swings from 'financialisation' to 'artificial intelligence', asks Ajit Balakrishnan.
RIL has faced protests from local authorities, activists and residents across India campaigning against masts and roadworks.
Zee Entertainment last week witnessed shareholder activism that saw an open call for the ouster of promoters and the incumbent management led by Punit Goenka. Besides, Dish TV also faced a similar call earlier this month. The trouble at Zee Entertainment can be gauged from the fact that this is a unique company wherein the promoters own just 3.99 per cent, but fully control the firm.
ignio has more than 75 patents filed in the artificial intelligence, machine-learning and intelligent-automation space
Firms have to adhere to strict compliance requirements mandated by global parents
Unprecedented pay and perks like free healthcare for in-laws helping the likes of Flipkart, Snapdeal tap talent
For last two months, much of the discussion, a large part of due diligence, agreement negotiations, etc, have happened remotely.
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.
Merrill Lynch jumps to first from 7th last year in a smaller market; says its focus is larger deals and clients.
Among key guidelines, the e-commerce companies will also be required to ensure that personally identifiable information of customers are protected.
'It's the brazen corruption involving politicians that makes you sit up years after the event,' notes Nivedita Mookerji after reading B K Syngal's Telecom Man.
In last few years, a number of global players have exited the Indian mutual fund business.
In 2017, a consortium led by Russian state oil company Rosneft agreed to buy Essar Oil for $12.9 billion in India's biggest foreign acquisition of a homegrown company. Rosneft's buyout of Essar's assets was meant to herald a wave of energy investments in India - over six decades after Esso, Caltex and Shell invested in India's refining sector in the 1950s. But the government has tripped up in its efforts to sell Bharat Petroleum Corporation Ltd (BPCL), formerly Burmah Shell, a blue chip public sector company. Bidders include a couple of global funds and resources firm Vedanta.
A gradual weakening of the rupee, however, may add to inflationary pressures.
State Bank of India partnered GE Capital in 1998 for its credit card business.
The outlook is improving and that mostly reflects the fact that the new government has pledged to prioritise economic reforms.
The move to ban Rs 500 and 1000 notes may not curb the root cause of black money.
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.
Mukesh Ambani's Reliance Jio, however, continued to add wireless subscribers
The latest deal would give Facebook deeper access to India, the second largest internet market after China.
In dollar terms, the Indian markets managed to climb back to 2008 levels only in January this year. The subsequent fall in the rupee because of emerging market woes has once again pushed the markets below their 2008 level in dollar terms.
You may be popular initially because of politics and ideology but if the economy slows down, you will be losing your popularity: Nouriel Roubini.
I had about eight, nine, dating apps on my phone. But I always felt this pressure of looking good.' 'When it comes to finding romantic love, it just feels very shallow.' 'I felt it was time for something different, something non superficial.'
Oil prices dipped on Wednesday as the market prepared for a gradual increase of Iranian exports into an already oversupplied market from 2016.
India only has 3.5 million workers undergoing skills courses a year, compared with 90 million in China
Today, it holds $131 billion in assets under management.
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The rupee resumed lower at 61.15 per dollar as against the last closing level of 60.77 per dollar yesterday at the Interbank Foreign Exchange (Forex) Market and dropped further to 61.44 per dollar before quoting at 61.40 per dollar at 1045 hours.
The $140-billion Indian IT market is facing challenges on multiple fronts including stricter visa regime in key markets and shortage of skilled manpower for new technology areas like data science.
Presenting tips and case studies about innovation, management, leadership, growth, technology and investment.
The Nifty and Sensex traded close to their respective all-time highs.
Tomorrow's review could also turn out be the last policy anchored by Rajan if the proposed Monetary Policy Committee (MPC) is put in place before the next review due on August 9.
The Consumer Price Index hit the lowest in six months in March at 4.83 per cent.
'The prime minister's announcement of a nation-wide shutdown was eloquent, but should have been more clearly phrased to avoid police overreach.' 'Migrant labour should have been allowed adequate notice and transport options to get home,' notes Rahul Jacob.
Demonetisation impact, earnings growth, central bank policies will get attention.
Bharti Global is planning to put up more satellites and has set a stiff deadline to launch commercial Internet services by October in the UK, Alaska, northern Russia and northern Europe.
The deal, as well as some other strategic and financial investments in works, will help Ambani cut debt at RIL.
Instead of being carried away by Friday's historic election verdict, savvy investors were seen taking money off the table, after the benchmark Sensex rallied about 1,500 points in intra-day trade.
