The volatility index, India VIX, jumped 10 percent to 23.1. After climbing new all-time highs in morning trading, the domestic stock market fell about 1.5 percent on Wednesday as investors posted gains across the board. The volatility index, India VIX, jumped 10 percent to 23.1. Among the major indices, the …
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Jio has been the biggest revenue generator despite a smaller increase in average revenue per user (ARPU) after last year’s rate hike. RIL’s share price has fallen more than 2% in the last month, while the Nifty 50 has risen 11.5% in the same time period. The recent heavyweight underperformance …
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NEW DELHI: Reliance Industries Ltd (RIL) said subsidiary Jio Platforms has received Rs 33,737 crore from Google for a 7.73% stake, the largest investment ever by the American internet giant in an Indian company. The transaction comes after the Competition Commission of India (ICC) recently approved Google’s investments in Jio …
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BSE-1 (Photo credit: Kamlesh Pednekar) Indian markets trimmed all gains and were unchanged in early trading Monday, largely dragged down by finance. Among the major indices, the S&P BSE Sensex hovered around 43,880 levels. The index had risen to 44,271, earlier in the day. The Nifty50 index also lost 12,950. …
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MUMBAI: The Competition Commission of India (ITC) on Friday authorized the oil giant to telecommunications Dependency industries‘offer to buy Future groupretail assets even as Amazon.com sought to block the potential deal, claiming contractual violations by the latter. India’s antitrust body is a setback for US giant Amazon, which has argued …
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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 …
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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 …
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National equity indices hit new all-time highs on Tuesday as positive news from Moderna Inc, that its Covid-19 vaccine has a 94.5 percent success rate, boosted investor sentiment. The indices broke their previous highs hit on November 14 during the one-hour Muhurat Trading special. Among top-tier indices, the S&P BSE …
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Initial offers for the privatization of Bharat Petroleum Corp Ltd (BPCL) are due to close on Monday amid indications that large British companies BP Plc, Total of France and Saudi Aramco are unlikely to submit offers. The government, which is selling its entire 52.98 percent stake in India’s second-largest oil …
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Reliance Retail Limited operates the fastest growing retail business in India Reliance Retail Ventures, the retail arm of Reliance Industries, led by Mukesh Ambai, bought a 96 percent stake in online furniture retailer Urban Ladder for Rs 182.12 crore ($ 24.4 million), in an attempt to expand its presence in …
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