Billionaire Mukesh Ambani-run Reliance Industries Ltd's retail arm on Thursday raised Rs 9,555 crore from Public Investment Fund (PIF) of Saudi Arabia, taking total fundraise in the last two months to Rs 47,265 crore. PIF will take a 2.04 per cent stake in Reliance Retail Ventures Ltd (RRVL), the Indian firm said in a statement. The investment values RRVL, the retail arm of Reliance Industries Ltd, at a pre-money equity value of Rs 4.587 lakh crore.
"On Kashmir as I said, we would all like to see improved relations between India and Pakistan."
According to a new report by international management consulting firm Arthur D Little, the worst of COVID-19's impact will be felt by India's most vulnerable in terms of job loss, poverty increase and reduced per-capita income, which in turn will result in a steep decline in the Gross Domestic Product (GDP). "Given the continued rise of COVID-19 cases, we believe that a W-shaped recovery is the most likely scenario for India. This implies a GDP contraction of 10.8 per cent in FY 2020-21 and GDP growth of 0.8 per cent in FY 2021-22," the report said.
'There is no shortage of any APIs (active pharmaceutical ingredients) in the country'
Biden has reiterated America's support for India's permanent membership on a reformed UNSC and its entry into the NSG during his first in-person bilateral meeting with Modi at the White House.
Free speech is the soul of a great university. By compromising on it, the founders have bartered away its soul, said Rajan.
Public intellectuals who frame the ideological antipathy between the RSS & Co and Jawaharlal Nehru in the light of Mahatma Gandhi's assassination and Hindu Raj alone, miss the point by a yard, argues Shaan Kashyap.
'Our focus is not going to be metro to metro routes.' 'We will begin by focusing on metro to non-metro (routes).' 'Metro to tier-2 cities or tier-3 cities is where there is a lot of space for affordable, efficient carriers.'
This 14-year-old schoolboy's invention can save lives.
As the pandemic unfolded, the India-China relationship has come under severe stress. To restore normalcy, agreements between the two countries must be respected scrupulously in their entirety. Where the Line of Actual Control is concerned, any attempt to unilaterally change the status quo is unacceptable, declares External Affairs Minister Dr Subrahmanyam Jaishankar.
Turbocharged with technology is becoming the Holy Grail of retail.
If IOC is not allowed to run its own affairs, then we can see it close down in the next 10 to 15 years, warns Sudhir Bisht.
SMC will work with Microsoft and its partners to bring solutions for water management and urban planning
'Chinese experts estimate that the new US administration is 'at the crossroads of how to re-manage and control' Sino-American differences and strategic divergences and Biden's bottom line is that the US would have 'extreme competition with China, but won't allow competition to develop into conflict',' notes Ambassador M K Bhadrakumar.
'Why did your generals try to grab a few square kilometres of Indian territory in Ladakh?' 'And what happened to the hard work that you and Prime Minister Modi put into the Wuhan and Mamallapuram meets?' Claude Arpi writes a letter to Xi Jinping, China's self-styled supreme leader, who turns 68 today, June 15.
RustOrange co-founders Samik Sarkar, Shashank Agnihotri and Kuvalaya Singh share their story and learnings.
Amrapali Singh is one of four GenNext designers who will showcase their collection at the Lakme Fashion Week in Mumbai.
Entrepreneurship is all about identifying a need or a gap and being able to visualise a solution to service the same in a sustainable and commercially viable manner, says Achin Bhattacharyya.
Manwani said HUL was using technology across the value chain from manufacturing to distribution, marketing and advertising in its endeavour to be future-ready.
"India's middle class, small traders and farmers are the lifelines of its economic growth. By catering to these ambitions #Budget2019 infuses hopes for millions of dreams."
Tucson is slated to be launched later this year
'Even if the government does not implement an all-India NRC before 2024, it will be part of the party's long-term project.'
'Congrats to our team @USUN for their work in negotiating JEM's Masood Azhar's #UN designation as a terrorist,' Pompeo tweeted.
'Magnanimity and appeasement have no place in the world of realpolitik as India has learned the hard way,' notes Vivek Gumaste in the first of a two-part column.
/We will stay away from corporate loans,' C S Ghosh, managing director and chief executive officer of Bandhan Bank, tells Namrata Acharya.
In his first email to employees, Vishal Sikka exuded confidence that he will build a sustainable business.
'There are times when you give an audition and it doesn't even reach the director.' 'In such a scenario, what can I do? 'More than nepotism, it's about favouritism.'
The North American bid beat the rival Morocco proposal, winning 134 votes to 65 for Morocco.
As India emerges from the COVID-19 crisis, the ninth budget under the Modi government, including an interim one, is widely expected to focus on boosting spending on job creation and rural development, generous allocations for development schemes, putting more money in the hands of the average taxpayer and easing rules to attract foreign investments.
Formula One world champion Sebastian Vettel gave a planned new electric series a firm thumbs-down on Saturday, saying silent motor racing left him cold.
M&M also showcased its new format next generation 'dealership of future' designed by Pininfarina.
"Emerging fields, including artificial intelligence, machine learning, Internet of things, blockchain, and big data can take India to new heights of development, and improve the quality of life of its citizens," he said, adding for India, this is not just an industrial transformation, but a social transformation.
'Modi's finest political legacy ought to be a border settlement with Beijing,' asserts Ambassador M K Bhadrakumar.
India's national security strategy needs to be revised periodically since the global and regional geopolitical situation is dynamic, points out Commodore Venugopal Menon (retd).
New electric and hybrid vehicles on display as manufacturers plug into environment-friendly segment.
The aim is to replace nearly 40 per cent of its existing last mile fleet of delivery vans with EVs by March 2020. o start with, the company is looking at deploying nearly 160 e-vans by the end of 2019.
'Curiously, Pinarayi's approach, stressing the imperatives of development, is robustly backed by Nitin Gadkari.'
'I stand next only to Gadkari, one of the few outstanding ministers in the Modi government, in applauding Pinarayi's political courage and vision,' says Ambassador M K Bhadrakumar.
'Everybody says 5G and communication is important.' 'Everybody says automation, robotics, human computing interfaces -- people and machines working together -- is the future.' 'Everybody agrees that cybersecurity is something that is here to stay.' 'Everybody agrees that synthetic biology is important.' 'Instead of outlining thinking about industries for tomorrow and the future, let the evolutionary pathway be built in a way that it promotes robust, creative, thinking.'
Over the last 12 months, thanks to bold bets by venture capital firms like Sequoia, SoftBank Vision Fund, and foreign strategic investors like Naspers, pipeline of start-ups with potential to achieve $1 bn in valuation is at an all-time high.
Prime Minister Narendra Modi's opinion piece in Canada's The Globe and Mail focuses on commercial cooperation in the civil nuclear energy sector.
