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India Inc's revenue, profit pain intensified in Jan-March even before lockdown

Finance

13 May, 2020

India Inc's revenue, profit pain intensified in Jan-March even before lockdown

Even before the Indian economy faced the brunt of economic lockdown due to the coronavirus pandemic, almost half of the ......

Grapevine: Saudi fund, General Atlantic may back Jio; Medlife seeks funding

General

11 May, 2020

Grapevine: Saudi fund, General Atlantic may back Jio; Medlife seeks funding

Saudi Arabia’s $320 billion sovereign wealth fund and private equity firm General Atlantic are exploring options to invest...

Grapevine: Biyani seeks Blackstone help to cut debt; Reliance may sell Asian Paints stake

General

08 May, 2020

Grapevine: Biyani seeks Blackstone help to cut debt; Reliance may sell Asian Paints stake

Kishore Biyani’s Future Group has approached private equity (PE) firms, including its existing investor Blackstone, as it...

Sensex, Nifty rise on Reliance Industries boost, but end week sharply lower

Markets

08 May, 2020

Sensex, Nifty rise on Reliance Industries boost, but end week sharply lower

Indian stocks saw broad-based gains on Friday amid rising expectations about an economic stimulus to cushion the impact of the...

Reliance gets third investor for Jio, sells $1.5 bn stake to Vista Equity

TMT

08 May, 2020

Reliance gets third investor for Jio, sells $1.5 bn stake to Vista Equity

Reliance Industries Ltd said on Friday US-based Vista Equity Partners will invest Rs 11,367 crore ($1.5 billion) in its digital...

Grapevine: KKR, Carlyle, Apax circle JB Chemicals; RIL eyes NetMeds

General

06 May, 2020

Grapevine: KKR, Carlyle, Apax circle JB Chemicals; RIL eyes NetMeds

Global buyout funds KKR, Carlyle, Apax Partners, and PAG have submitted non-binding bids to acquire JB Chemicals and Pharmaceuticals...

Silver Lake to invest $747 mn in Reliance's Jio Platforms

TMT

04 May, 2020

Silver Lake to invest $747 mn in Reliance's Jio Platforms

Energy-to-telecom conglomerate Reliance Industries Ltd said on Monday private equity firm Silver Lake will invest Rs 5,655.75...

Reliance cuts pay of execs in oil unit, Ambani foregoes salary

Manufacturing

30 April, 2020

Reliance cuts pay of execs in oil unit, Ambani foregoes salary

India’s Reliance Industries has imposed an up to 50% pay cut for some top oil-and-gas division employees, six sources told...

Reliance ups stake again in US-based pod car developer SkyTran

TMT

29 April, 2020

Reliance ups stake again in US-based pod car developer SkyTran

Energy-to-telecom conglomerate Reliance Industries Ltd (RIL) has hiked its stake in the US-based SkyTran Inc., a venture-funded...

Nifty, Sensex track global peers higher on hopes of lockdowns easing

Markets

28 April, 2020

Nifty, Sensex track global peers higher on hopes of lockdowns easing

Indian shares settled more than 1% higher on Tuesday, tracking global stocks higher on hopes of an easing in coronavirus-related...

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