MUMBAI : Retail oil conglomerate Reliance Industries Ltd (RIL) is said to be in the race to acquire Debenhams, a British multinational retailer that operates department stores in the UK with franchise stores in other countries, Sky News reported Wednesday. “The Reliance Retail empire, which last year bought world-famous British …
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The Money Culture, Michael Lewis’ 1991 book on the Wall Street excesses of the 1980s, brought into the mainstream a play on words about “OPM” – other people’s money. He mocked the practice of large corporations of using the money of other companies and investors to make leveraged acquisitions. Continents …
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The searing rally in Reliance Industries Ltd. shares is becoming a problem for Indian equity mutual funds. The stock has more than doubled since a March low, thanks to President Mukesh Ambani’s fundraising blitz. The rise has increased the company’s weighting on the S&P BSE Sensex to 17.4%, from 11% …
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Ambani’s Reliance Industries Ltd. is said to be offering to sell an approximately $ 20 billion stake in its retail business to Amazon.com Inc., Bloomberg News reported this week. If Ambani manages to finalize such a deal, it would mark another victory for the billionaire, who in recent months has …
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Reliance is owned by the richest man in Asia, Mukesh Ambani (Archive) Mumbai: Reliance has denied a report that it planned to sell a $ 20 billion stake in its retail business to American rival Amazon in a deal that could change the country’s hugely lucrative e-commerce sector. The report …
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Reliance JioFiber customers will have the option to opt for a new carrier offering. Reliance Jio has launched new broadband plans that are almost as cheap as prepaid mobile phone plans. The company has launched new broadband plans starting from ₹399 and these plans will not have any data usage …
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Reliance Retail currently operates about 11,784 stores nationwide. The agreement is positive for all shareholders of all branches of Future Group, except Future Enterprises. News18.com Last update: August 30, 2020 8:38 AM M. IST FOLLOW US: Reliance Retail Ventures (RRVL), a subsidiary of Reliance Industries, said on Saturday that it …
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[ad_1] NEW DELHI | MUMBAI | BENGALURU: Call it Aarogya Setu Inc. As India’s largest companies return to work from the office, they are arming themselves with internal apps inspired by the general idea of the government’s Aarogya Setu app: Self-Disclosure on Health and Contacts. Companies that have launched such …
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[ad_1] Private equity firm Vista Equity Partners will invest Rs11,367 crore in Jio Platforms for a 2.32% stake. This is Jio Platforms’ third deal after Facebook and Silver Lake’s stock acquisition plans in the past two weeks. “This investment values Jio platforms at a capital value of ₹4.91 lakh crore …
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[ad_1] RIL’s plan to reduce net debt at the end of this fiscal year and its subsequent action toward that goal have lured investors into action. Reliance Industries raised the stock price on Thursday afternoon, rising more than 2%, while the leading Sensex index traded primarily in the red, even …
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