This marks the second billion-dollar investment by Silver Lake in a Reliance subsidiary after the $1.35 billion investment in Jio Platforms.
In Q1, India's GDP shrank by a staggering 24 per cent year-on-year amid the imposition of one of the most stringent global nationwide lockdowns.
Companies shipping to Europe to see rupee revenues coming under pressure.
Dollar's strength and falling crude oil prices force downward revision of 2015 growth forecast.
Spectrum auction: Govt revenues reach Rs 1.02 tln on Day 10
The problem is simple: None of the incumbent players, including Vodafone Idea, has a similar offer to challenge Jio and ensure that its 2G customers do not migrate.
Need for much more investment; sector would like govt help
Online retail in the country is expected to grow to $200 billion by 2026, up from $15 billion in 2016.
Unlike last year, investors turn cautious on e-commerce sector.
Half of the sharp rise in stocks in 2014 was driven by re-ratings - rise in price-to-earning ratios on hopes the new government would turn around the economy which will reflect in corporate earnings.
The overall e-commerce opportunity in India and China is comparable, yet it's hard to see any single player in India emerging with Alibaba-like market share.
Market players say following the tax cuts, the market mood had changed from bearish to positive, which should help sustain the rally.
For the traditionalists, wars on Twitter and Facebook smack of immaturity.
He noted that the Rupee has firmed recently but cautioned that the currency should not lose its competitiveness in global trade.
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.
TCS plans to build ignio as a standalone company.
IndiGo had debt of Rs 3,912 crore at end of the June quarter.
Coffee Day Enterprises Ltd is backed by KKR & Co.
India must be prepared for a big, fat fuel import bill in FY23 - barring any further avatars of the Covid virus - as refiners crank up runs, or crude processing rates, to meet the growing demand for fuels, and crude prices soar. Capacity additions by an Indian state-run refiner will reinforce the need for foreign crude. Demand for all fuels is expected to increase by 3-8 per cent next fiscal from 2021-22, reaching pre-pandemic levels, according to analysts and industry experts.
Finance Minister Arun Jaitley sought parliament's approval on Friday to increase the spending budget for this fiscal year by $4 billion, with almost half to be used to inject extra capital into state banks struggling with bad loans.
RRVL will make an open offer to acquire up to an additional 2.17 crore equity shares of Just Dial, representing 26 per cent stake, in accordance with Sebi Takeover Regulations, a regulatory filing said.
The move to sell the jewel in Vodafone's crown closes a heady expansionist chapter for one of Britain's most famous companies
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The move draws a line under the Swiss government's rescue of UBS nearly five years after the bank threatened to collapse under the weight of more than $50 billion in losses on mortgage securities.
A total of 11 international banks have publicly distanced themselves from the project.
Most of Flipkart's business came from consumer electronics.
The Street was hoping that investors will lap up shares of high-dividend companies on optimism that their payouts will increase further, thanks to the 20 per cent tax saving. However, the trade failed to materialise as wealthy investors stayed away fearing high tax outgo, and experts raised doubts on whether companies would actually increase cash dole outs.
... As the world swings from 'financialisation' to 'artificial intelligence', asks Ajit Balakrishnan.
Experts say foreign investor sentiment was bolstered by the US Federal Reserve's decision to go slow with interest rate hikes and hopes of political stability.
Asset quality stress has ballooned recently, as growth slowed and interest rates continued to rise.
Welcome to the era of too many investors chasing a limited number of commercial real estate deals.
Indian equities are no longer cheap vis-a-vis global markets, and only a short distance away from being the most expensive they have ever been.
Experts say the market is more bullish on the BJP as it will ensure continuity in policymaking.
RIL might see its September quarter's profit between Rs 5,600 crore and Rs 5,670 crore.
The next key battle the market will watch out for will be in Congress-ruled Karnataka
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Traders were up in arms, fearing huge job loss if Walmart was to enter.
Ahmedabad, Delhi and Mumbai, which together make up 65% of national volumes, post decline in turnover in 2nd half of 2015.
Amid lowering of bank deposit rates and falling yields from traditional investment vehicles like gold and real estate, investors are fast shifting to financial assets. The MF sector is emerging a clear beneficiary of this trend.
With this investment, Jio Platforms has raised Rs 115,693.95 crore from some of the leading global investment powerhouses at a time when the world is deeply impacted by the coronavirus pandemic.
'2018 has seen a bi-polar market.' 'Thanks to gains in some key stocks, market returns are positive. But there has been huge wealth destruction in the small and mid-cap space.'
Diverse marquee investors are becoming long-term shareholders of Jio Platforms because of a unique set of technologies and platforms under one entity.
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