Lalit Jalan, the younger Ambani's Wharton classmate and CEO of R-Infra, tells Nevin John that the company will put in Rs 2,800 crore (Rs 28 billion) over the next three years as equity in various projects.
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.
On April 7 we asked readers if money can buy happiness. our readers seem to have had differing opinions on the matter. Here's what they had to say.
This financial world, experts now tell us was sometimes almost a make believe, a maya, which had got disconnected with the real economy of homes and factories.
School of Business (ISB) has been ranked number 20 in the global B-school rankings released today by Financial Times, London.
'A lot of young people, especially women, usually go on in their career path thinking to just put their head down and work hard, and the opportunities will come to them.' 'The only reason I became CEO of Vimeo was because I was pushing to create an opportunity to take the company into a different direction.'
Karan Gupta, overseas education consultant, tells you what you need to know about doing an MBA at an international university.
Finance Minister Chidambaram said rising prices of primary food articles was worrying him. High food prices the world over and a supply-demand mismatch were behind the high prices, he said, adding this was beyond the influence of the monetary policy.
The billion-dollar tags on recent buys by India Inc only underline the caution with which most companies approach M&As.
The big question being posed is if you need to pay fancy salaries and bonuses to attract the best and the brightest to the financial services. Does the sector need that much of innovation, in relation to the needs of other sectors?
Do you believe you can buy as abstract a thing as happiness? What does happiness mean to you? Are you happy when you have more money in your pocket? Or is it vice versa? Tell us.
Many other Indians are heading the businesses at companies abroad.
It would be an epic waste if India lets go off the opportunities, including the end to nuclear isolation, thrown open by the civil nuclear deal with the US, feels Finance Minister P Chidambaram.
Sandeep Murthy, the 30-year-old CEO of Cleartrip.com, shares the story of his career success and some career advice.
Three years ago, C.K. Prahalad unearthed the 'fortune at the bottom of the pyramid.' It is, he says, still very real.
IIMs have categorically asked the government not to interfere in their internal affairs so that they can smoothly carry out their work of making IIMs a global brand on par with the big B schools like Harvard and Wharton.
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.
From putting together the right team to taking the right decisions at the right time, cricket can teach you a lot about making money.
The minister, who called himself 'Guruji', explained to the students in Hindi how he had broken the myth of the western model that an enterprise
Donald Trump, known for his unpredictable leadership style, divisive rhetoric targeting both allies and opponents, and the only US president to be impeached twice, left the White House on Wednesday with a tainted legacy never seen before in American political history.
A total of 100 students from 70 universities across the world are expected to arrive at Infosys Technologies as part of its global internship programme, 'InStep', officials of the Nasdaq-listed company, said on Friday.
'Our idea is not to really think in terms of becoming the best in India. Our emphasis is different. We want to bring cutting-edge global research into the school,' says ISB dean Mendu Rammohan Rao.
You want the name of a top foreign B-School to feature on your resume. International education expert Karan Gupta has a few recommendations.
Nomura Group Study found that in 2019, out of the fifty-six companies which shifted their production out of China, only three of these invested in India; while 26 went to Vietnam, 11 to Taiwan, and 08 to Thailand. In April 2020, Nikkei noted that out of the 1,000 firms which were planning to leave China and invest in Asian countries, only 300 of them were seriously thinking of investing in India.
Is there no 'normal' background? Sure there is.
Companies can save thousands of dollars by outsourcing the development of custom-software projects to low-cost, offshore locations such as India and China, say researchers.
The denial rate jumped from 4% to 41% for Tech Mahindra, from 6% to 34% for TCS, from 7% to 53% for Wipro and from just 2% to 45% for Infosys.
The Bharatiya Janata Party, which had so far maintained that it was not unduly bothered about denial of American visa to Narendra Modi, said it will appeal to the US Administration to lift the travel ban on him.
This year, PhonePe is focussed on bringing more partners across categories, including travel, commute, food, hyper-local, retail and entertainment on the platform.
