Private equity firm Silver Lake Partners is in talks to invest $ 1 billion in the retail arm of Reliance Industries Ltd of India (RELI.NS), the Financial Times reported Thursday, citing people with direct knowledge of the matter. The investment, which would value Reliance Retail at about $ 57 billion, …
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Private equity firm Silver Lake Partners is in talks to invest $ 1 billion in the retail arm of Reliance Industries Ltd, the Financial Times reported Thursday, citing people with direct knowledge of the matter. The investment, which would value Reliance Retail at about $ 57 billion, comes as the …
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Indian markets fluctuated between small gains and losses on Thursday, as gains in IT and pharmaceutical stocks offset weakness in private banks. The S&P BSE Sensex was trading flat at around 39,100 levels. The index has reached intraday highs and lows of 39,236 and 38,943, respectively. The Nifty50 index hovered …
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NEW DELHI: Vodafone Idea, arguably the weakest player in the Indian telecom sector with loads of debts and huge legal pending, will manage to stay afloat after the Supreme CourtWhat is the decision to grant mobile operators a period of 10 years to pay outstanding AGR fees? Analysts believe so, …
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Shares of Future Retail hit the bottom loop of 10 percent at Rs 146.10 on the BSE on Tuesday on the firm market. The drop comes after foreign portfolio investors (FPI) sold 9.5 million shares of the company through the open market on Monday. The world’s largest sovereign wealth fund, …
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Reliance Jio announced on Monday new plans for JioFiber broadband starting at a monthly price of Rs 399 with no data usage limit. Under the new plans, the Netflix entertainment app is added to the bundle of bundled apps for customers who subscribe to mid-range plans. It is by far …
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The acquisition will also help Reliance expand its leadership over its competitors. Reliance Industries’ $ 3.38 billion deal to acquire Future Group’s retail business presents the conglomerate as an even more formidable force in India, making its retail arm more attractive to potential investors it seeks to attract. The oil-to-telecommunications …
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MUMBAI: If Facebook and Google bought stakes in Jio Platforms Ltd, who would likely be a worthy suitor for Reliance Retail Ltd. A report in The Morning Context suggests that Walmart is the leading candidate. Whether this is true or not, Reliance Retail is clearly gearing up for a big …
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The Indian market erased all its morning gains and fell into the red on Monday after media reports said Chinese troops “ carried out provocative military moves in eastern Ladakh to change the status quo. ” but they were blocked by Indian soldiers, the government said today. The incidents took …
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Here is a list of the top ten stocks that may appear in the news on Friday: Future companies: Reliance Retail Ventures Ltd will acquire Future Group’s retail, wholesale, logistics and warehousing businesses to ₹24,713 crore. The long-awaited agreement between RIL and Future Group got its go-ahead on Saturday. Dependency …
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