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.
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.
InterGlobe Aviation has already raised Rs 832 crore from anchor investors.
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According to global deal tracking firm Dealogic, the deal value in the January to June period this year was the lowest first six months deal value recorded since 2009, when $1.09 trillion worth of transactions were announced.
Flipkart faces intense competition from larger global rival Amazon and local rival Snapdeal.
Although residential sales faced a major set back in Q2, they made a comeback with help of pent up demand.
8 CEOs on the list are female, and they far outpace the median pay for the Equilar 100 as a whole
The trip was more about understanding the Indian market, but was also about signaling to the world that Apple has arrived in India
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.
Online retail in the country is expected to grow to $200 billion by 2026, up from $15 billion in 2016.
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.
For last two months, much of the discussion, a large part of due diligence, agreement negotiations, etc, have happened remotely.
TCS plans to build ignio as a standalone company.
Battleground shifts to rural and small towns, where user base aspires to upgrade to smartphones.
In January, overseas investors had pumped in Rs 33,688.19 crore (Rs 336.88 billion) in Indian debt and equities.
Total assets under management (AUM) for September stood at Rs 20.4 lakh crore compared with Rs 20.6 lakh crore at the end of August.
The market buzz is that the GoAir promoters are hoping for a valuation that is at least a little more than double its closest rival SpiceJet.
The online pharmacy market, which was worth about $512 million in 2018, is growing at a CAGR of 63 per cent and is expected to hit overall revenues of over $3.6 billion by 2022.
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.
'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.'
Technology purchases in the People's Republic will reach $136 billion this year, four times more than in India.
Foreign investors, according to them, will now wait-and-watch how the economy takes shape in the backdrop of doubts over monsoon, interest rate trajectory and other global events such as the US - China trade war.
Mukesh Ambani's Reliance Jio, however, continued to add wireless subscribers
US mutual funds Valic Co 1 and Fidelity Rutland Square Trust II, which have minority stake in Flipkart, have marked down the value of their stocks in the company
The latest deal would give Facebook deeper access to India, the second largest internet market after China.
The Finance Ministry further said decision on seven FDI proposals has been deferred.
The government has cleared 19 foreign investment proposals, including that of Walt Disney Company and Reckitt Benckiser (India), entailing total investment of Rs 2,326.72 crore (Rs 23.26 billion).
You may be popular initially because of politics and ideology but if the economy slows down, you will be losing your popularity: Nouriel Roubini.
Alibaba, the world's biggest e-commerce firm by transaction value, supports small businesses on its platforms.
Among key guidelines, the e-commerce companies will also be required to ensure that personally identifiable information of customers are protected.
Experts say the market is more bullish on the BJP as it will ensure continuity in policymaking.
Eight investment banks including HSBC and India's ICICI Securities and SBI Capital have submitted bids to manage a 10-per cent stake divestment in state-owned Coal India.
Oil prices continued their rout on Tuesday with Brent crude and U.S. WTI both falling to their lowest in almost six years as a big OPEC producer stood by the group's decision not to cut output to tackle a glut in the market.
The next key battle the market will watch out for will be in Congress-ruled Karnataka
ignio has more than 75 patents filed in the artificial intelligence, machine-learning and intelligent-automation space
Unlike last year, investors turn cautious on e-commerce sector.
The deal, as well as some other strategic and financial investments in works, will help Ambani cut debt at RIL.
If the rupee falls further, it would negatively impact the dollar-based returns of foreign investors, and could influence foreign flows into India.
The brand integration not only marks the completion of the largest telecom merger in the world, but will also set the company on its future journey to offer strong digital experiences to 1 billion Indians on its 4G network.
