Reliance Industries Ltd., owned by Indian billionaire Mukesh Ambani, is offering to sell an approximately $ 20 billion stake in its retail business to Amazon.com Inc., according to a person with knowledge of the matter. Amazon has held investment talks in the conglomerate’s Reliance Retail Ventures Ltd. unit and has …
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NEW DELHI: The market valuation of Dependency industries (RIL) reached another milestone on Thursday. The company became the first publicly traded Indian firm to exceed $ 200 billion in market capitalization or m-cap. The company’s shares rose 6.2 percent in midday trading in Mumbai after hitting an intraday record. The …
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Oil-to-telecoms conglomerate Reliance Industries is offering to sell an approximately $ 20 billion stake in its retail arm to Amazon.com Inc, BloombergQuint reported Thursday, citing Bloomberg News. The Bloomberg report, which quotes an anonymous person with knowledge of the matter, added that Reliance, led by billionaire Mukesh Ambani, is willing …
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Indian markets appear poised for a flat to positive start on Thursday, following modest gains in Asian indices. However, investors can expect some sharp moves later in the day, as the Supreme Court is set to resume the hearing on the loan moratorium. Additionally, media reports indicate that after Silver …
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Of 30 Sensex stocks, 24 scrips were trading in green with ONGC and State Bank of India as the main laggards of the index In addition to losses from the previous session, BSE Sensex and Nifty 50 fell nearly 1 percent on Wednesday, following a strong selloff in US markets …
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KKR & Co. is in advanced talks to invest at least $ 1 billion in Indian billionaire Mukesh Ambani’s retail business, according to people familiar with the matter, in what could be another US investment in the unit following the Silver Lake deal. . KKR is in talks for a …
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(File photo) BENGALURU: Dependency industries Ltd said on Wednesday US private equity firm Silver Lake Partners It would buy a 1.75% stake in its retail arm for 7.5 billion rupees ($ 1.02 billion) as the Indian conglomerate strengthens its retail presence in the country. Trust, controlled by the richest man …
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Weak global signals, concerns about India-China tensions and unwanted news on the Covid front dragged Indian equity markets down one percent on Wednesday. The S&P BSE Sensex fell 258 points to 38,110 levels and the Nifty50 index dropped the 11,250 mark. ONGC and Tata Steel (both down 3%) were Sensex’s …
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New Delhi: After building a ‘digital layer’ (Jio Platforms) on top of the existing ‘physical layer’ of retail stores, Reliance Industries would focus for the next four years on adding a third ‘commerce layer’ and monetizing existing investments, BofA Securities said. RIL is also looking to leverage users’ fingerprint and …
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Reliance Industries Ltd (RIL) has offered Jio Platforms’ 13 financial and strategic investors the option to invest in its Reliance Retail Ventures Ltd (RRVL) unit, two people familiar with the developments said. These investors include Facebook, Google, KKR, Silver Lake, and TPG. They helped RIL accumulate a total of ₹1.52 …
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