India’s Most Valuable Company is in talks with national assemblers to make a version of its Jio phone that would run on Google’s Android and cost roughly ₹4,000 ($ 54), said the people, who asked not to be identified as the plans are private. The budget phones will be marketed …
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National benchmarks witnessed a widespread sell-off in Monday afternoon trading amid weak global signals. The sell-off was triggered after the International Consortium for Investigative Journalism (ICIJ) reported reports of suspicious activity, or top-secret SARs, valued at more than $ 2 trillion globally. These transactions are not absolute proof of fraud …
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NEW DELHI : Seven of the top 10 national companies experienced a combined erosion of ₹59,259.58 crore in its market valuation last week, with Hindustan Unilever, HDFC Bank and Kotak Mahindra Bank emerging as the main laggards. The seven companies that posted losses in their market capitalization (m-cap) were Hindustan …
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At home, market participants will observe these global signals, but they are likely to focus primarily on individual stocks. They will also track the RBI Governor’s speech to the Ficci members today at 11 AM. Also, Covid-19 trends and news flow on the India-China front will be closely monitored. In …
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Investor demand for Reliance Industries Ltd’s retail business is so strong that Carlyle Group Inc and SoftBank Group Corp are among those placed on a waiting list, according to people familiar with the matter. Carlyle and SoftBank have recently expressed interest in investing in Mukesh Ambani’s Reliance Retail Ventures Ltd, …
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Last week, Reliance Industries (RIL) achieved the coveted milestone of crossing $ 200 billion in market capitalization. There are less than 50 companies around the world that are valued at more than $ 200 billion. Morgan Stanley analyzed how the Mukesh Ambani-led firm compared to eight global firms when they …
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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 increase 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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Mukesh Ambani has joined the World’s Richest League with the help of a simple formula: gather fans for $ 2 deals. He first got Facebook Inc. and Google to back his fledgling digital ambitions, and now he may be trying to lure Amazon.com Inc. into his retail company, which is …
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The benchmark indices slid into the red zone after giving up their modest opening gains in the volatile session on Friday. The S&P BSE Sensex hovered around 38,760 points after falling around 150 points from the opening highs. The Nifty50 index also dropped the 11,450 mark. Titan, HDFC Bank, Kotak …
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