President Donald Trump and his allies are taking increasingly frenzied steps to subvert the results of the 2020 election, including calling state lawmakers to the White House as part of a risky attempt to overturn Joe Biden’s victory. Among other last-minute tactics: personally calling local election officials who are trying …
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Read More »Reliance Retail completes fundraising of Rs 47,265 cr from sale of 10.09% stake
Billionaire Mukesh Ambani’s Reliance Industries said Thursday that it completed the sale of about 10 percent of its stake in its retail unit to a group of foreign investors for 47,265 crore. Since September 25, the company has sold 10.09% of its stake in Reliance Retail Ventures Ltd (RRVL) to …
Read More »To deal with RIL, I have to ask Amazon who is in the US Future Retail Attorney
The lawyer for Future Retail Limited (FRL) told the Delhi High Court on Thursday that due to Reliance’s investment, Future’s creditors worth Rs 18 billion are being protected. The lawyer maintained that they are all Indians and claimed that Amazon does not care. The Delhi High Court is hearing Future …
Read More »LVB-DBS agreement receives approval from rating agencies
Global credit rating agencies have applauded the Reserve Bank of India’s (RBI) decision to merge the capital-hungry Lakshmi Vilas Bank (LVB) with DBS Bank India Ltd (DBIL), the Indian arm of the DBS Bank of Singapore, saying the deal will benefit both lenders. . As part of the merger, DBIL …
Read More »PUBG Mobile Ready With India Trailer As Game Launch Date Approaches, Pre-Registration Confusion Remains
PUBG Mobile has gotten one step closer to their big comeback in India as they have announced that they are ready with the advancement of the game in India. The trailer is expected to announce the release date of the game and this could end months of speculation. After releasing …
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Read More »Amazon behaves like an East Indian company: Future Retail to HC
NEW DELHI Future Retail Ltd (FRL) on Thursday, while arguing in the Delhi High Court, submitted that Amazon is misrepresenting its legal rights and should not be allowed to ruin its business transaction with the retail arm of Reliance. Lead attorney Harish Salve appearing for FRL said the e-commerce giant …
Read More »India prepares to attract Rs 10,000 cr per 1,000 LNG stations in three years
India foresees investments of around Rs 10 billion over three years to create infrastructure to use liquefied natural gas as fuel for long-distance transportation. This will also include the installation of 1,000 LNG stations. As a first step towards this, on Thursday, the major companies in the industry launched 50 …
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