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Google picks up 7.7% stake in Reliance's Jio for $4.5 bn

TMT

15 July, 2020

Google picks up 7.7% stake in Reliance's Jio for $4.5 bn

Reliance Industries Ltd said on Wednesday Alphabet Inc.’s Google will invest Rs 33,737 crore ($4.5 billion) in Jio Platforms...

Flipkart gets $1.2 bn from Walmart, others; valuation jumps 20%

TMT

14 July, 2020

Flipkart gets $1.2 bn from Walmart, others; valuation jumps 20%

Online retailer Flipkart said on Tuesday it is raising $1.2 billion (Rs 9,048 crore) in a funding round led by ......

Reliance's Jio gets $97 mn from Qualcomm Ventures for 5G push

TMT

13 July, 2020

Reliance's Jio gets $97 mn from Qualcomm Ventures for 5G push

Qualcomm Ventures has agreed to invest up to Rs 730 crore ($97 million) in Reliance Industries Ltd’s digital unit, Jio ......

SBI, Investec to form JV for institutional equities broking

Finance

09 July, 2020

SBI, Investec to form JV for institutional equities broking

State Bank of India, the nation’s biggest lender, is forming a joint venture with the local arm of South African ......

L&T Finance's deal to sell West Asian wealth management biz to InCred falls apart

Finance

03 July, 2020

L&T Finance's deal to sell West Asian wealth management biz to InCred falls apart

L&T Finance Holdings Ltd said on Friday its deal to sell its West Asian wealth management business to InCred Capital ......

Bharti-British govt consortium wins bid for satellite company OneWeb

TMT

03 July, 2020

Bharti-British govt consortium wins bid for satellite company OneWeb

A consortium of billionaire Sunil Mittal’s Bharti Global Ltd and the British government has won an auction to acquire satellite...

Intel chips in with $253 mn for Reliance's Jio Platforms

TMT

03 July, 2020

Intel chips in with $253 mn for Reliance's Jio Platforms

Reliance Industries Ltd said on Friday that Intel Capital will invest Rs 1,894.50 crore ($253 million) in Jio Platforms Ltd, ......

Bharti Infratel, Indus Towers push back deadline for merger yet again

TMT

24 June, 2020

Bharti Infratel, Indus Towers push back deadline for merger yet again

Bharti Infratel Ltd and Indus Towers Ltd have once again extended a deadline for a planned multi-billion-dollar merger between...

Billionaire Hinduja brothers locked in dispute over family fortune

General

24 June, 2020

Billionaire Hinduja brothers locked in dispute over family fortune

The billionaire Hinduja brothers are locked in a legal dispute in the UK over their family fortune, with a July ......

SEBI eases fundraising, open offer norms for distressed companies

Markets

23 June, 2020

SEBI eases fundraising, open offer norms for distressed companies

The Securities and Exchange Board of India (SEBI) has relaxed fundraising norms for distressed companies to help them tide over...