"We are delighted to welcome Google as a strategic investor in Jio Platforms. We have signed a binding partnership and an investment agreement under which Google will invest Rs 33,737 crores for a 7.7 per cent stake in Jio Platforms," Mukesh Ambani said at the company's annual general meeting.
The India Inc, which has already gone ahead and booked at least five orders with Aerion Corporation, the Nevada company headquartered in Zurich, Switzerland, which brought the focus back on the design of a practical and efficient supersonic b-jet employing patented natural luminar flow technology.
There is "dictatorship" in India now with politicians not being allowed to visit Uttar Pradesh to meet the families of the victims of the Lakhimpur Kheri incident, Rahul said.
Gandhi said it was his responsibility to tell the truth and it is for the people to listen or not to listen.
Age and experience not less relevant but firms are gradually moving towards younger leadership teams
The car was expected to have a price tag of Rs 10 lakh and launch was slated for this June.
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.
India Inc is borrowing from global firms as interest rates sky rocket in India.
The reason is believed to be a 19% increase in interest cost.
The world is full of family businesses that withered away with the passing of generations, creating much bitterness and ill will. Entire clans that used to be household names have become pale shadows of their once-mighty empires.
Dear readers, do you agree with Meghna Pant that ovaries don't have an expiration date?
Business has paid a pittance for farmers' land, indulged in widespread illegal mining, and cheated on 'green' commitments.
Record equity divestment by the Reliance Group in its telecom and retail businesses garnering around $23 billion revved up the deal street in 2020, which otherwise would have gone down as one of the dullest on record, and dealmakers are seeing sunnier days in 2021 given the large scope for consolidation in a slew of sectors ravaged by the pandemic. With Jio Platforms alone garnering over $16 billion (Rs 1,18,318 crore) by selling 25.24 per cent stake and Reliance Retail notching up $6.4 billion (Rs 47,265 crore) by divesting around 9 per cent shareholding, the deal street signed off with $85 billion in the deal kitty across 1,270 transactions. This is higher by about 10 per cent over 2019. What is significant is that over a third of the total deal value came from Reliance transactions, say investment bankers.
Srei Infrastructure Finance last month sold 50 per cent stake in a part of its business equipment financing arm to France's largest bank BNP Paribas for Rs 775 crore
The Aam Aadmi Party (AAP) has to deal with 3 powerful enemies: the media, the political establishment, and business houses.
It's seen as a signal that he wants to engage with India Inc at a time when the economy has started looking up.
Corporates being compelled to pay higher rates on term loans of 3 years and above, struck at fixed rates a year ago.
If the deal goes through this will be second deal for Ebix in seven months, having bought Centrum group's forex and travel business Centrum Direct for a reported Rs 1,2000 crore valuation last August.
Over the past three years, the US has provided India every opportunity to remove restrictive and unfair marketplace requirements.
Some still hopeful, most say lack of confidence has made the difference.
A longer shelf life is critical, given many makers have started manufacturing vaccines and stockpiling them, so as to make them available in the market immediately after approval, reports Sohini Das.
Under mounting pressure from sponsors and Native American rights groups, Washington Redskins owner Dan Snyder said on Friday he would consider changing the name of the National Football League team whose roots date back to the 1930s. Snyder, who has previously stated he would not change the name, softened his stance a day after FedEx Corp, which owns the naming rights to the team's Landover, Maryland, stadium, called for the NFL club to be rebranded.
Adani Airports is planning to centre its airport business around Mumbai and Ahmedabad by developing them as gateway airports, feeding them with traffic from other airports in the company's portfolio. The Ahmedabad-based conglomerate - with investments in logistics, transportation, utilities and energy - intends to spend Rs 35,000 crore in the airport business in the next five years. This forms the bulk of the conglomerate's total capex of Rs 50,000 crore. According to a presentation given by the company in an investor call with Bank of America, gateway airports of Mumbai and Ahmedabad will be connected with the feeder airports of Lucknow, Guwahati, Trivandrum, Jaipur and Mangalore.
A local civil court in Hyderabad has issued an interim stay restraining Netflix from airing its web series Bad Boy Billionaires-India on a petition filed by B Ramalinga Raju who was convicted in the multi-crore accounting scandal of Satyam Computer Services Limited. The XXV Additional Chief Judge B Prathima, while issuing notices to Netflix Inc in USA, Netflix Entertainment Services India LLP and the nodal officer, department of electronics and information technology, posted the matter for further hearing on November 18 when the plea came up on Tuesday.
Indians seem to be getting attracted to foreign assets and countries in a different way
After being in the house for more than three months and entertaining everyone with her antics, Shehnaaz Gill has finally become the captain. But will her captaincy create havoc in the house?
'Priya as well as my father (Sunil Dutt) has done a good job for this constituency. I will pray to God that she succeeds'
Amazon CEO Jeff Bezos is in India this week and is expected to meet top government functionaries, business leaders and SMBs.
Indian equity markets are likely to witness volatility this week due to concerns over rising cases of coronavirus and expiry of derivatives contracts, analysts said. Further, progress surrounding the COVID-19 vaccine, related updates, US stimulus talks and global cues would dictate the market trend, traders said. "Going ahead, the market is likely to be volatile as sentiments oscillate between fear of rising COVID cases globally and optimism over vaccine progress. Investors would closely watch out development over the US stimulus talks," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.
The US sub-prime loan market crisis is expected to temper cross-border mergers and acquisitions as Indian companies go slow on acquisitions.
A Twitter spokesperson on Tuesday said the company continues to make every effort to comply with the new guidelines, and is keeping the IT Ministry apprised of progress at every step of the process.
The Land Acquisition Bill, passed by Parliament last month, will either make projects unviable or expensive for large infrastructure or real estate projects.
BJP's prime ministerial candidate Narendra Modi is predicted to win both seats -- Varanasi and Vadodara. Kejriwal is places at number 2 in Varanasi, says the ABP News-Nielsen exit poll. Senior BJP leader L K Advani is likely to win the Gandhinagar Lok Sabha for the sixth time.
A charitable foundation headed by Louisiana Governor Bobby Jindal's wife Supriya Jindal, has accepted around USD 790,000 from nine companies that funded the election campaign of her husband, a Washington-based non-partisan watch dog has said.
Is Shehnaaz evicted? Salman Khan throws a googly ball!
The increased tax target comes at a time when consumer spending and sales growth are slowing down and most companies are not investing in new capacities.
Most of the times breast cancer is non painful, says Dr Mandeep S Malhotra.
Tech giant Apple on Monday said it is undertaking a detailed investigation following the violent incident at its supplier Wistron's Narasapura facility in Karnataka last week.
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