Reliance Industries Limited announced Thursday that it will make a contribution of up to $ 50 million into Breakthrough Energy Ventures. The investment constitutes 5.75% of the size of the fund currently contemplated, the company led by Mukesh Ambani said in a regulatory document. “This investment will be made in …
Read More »WhatsApp permission, Ambani agreement: Facebook accumulates important victories in India
Facebook Inc., which has been struggling for years to get a permit to operate its WhatsApp payments service in India, finally got approval for the rollout, marking a breakthrough year for the tech giant that also saw it partner with billionaire Mukesh. Ambani to expand into the world’s largest open …
Read More »Future, RIL will fight the arbitration verdict
Mukesh Ambani is exploring a countersuit against Jeff Bezos’ Amazon.com Inc. in India after the US e-commerce giant blocked Reliance Industries Ltd’s (RIL) bid to buy Future group assets in a Singapore court, while Asia’s richest man takes on the world’s richest man for supremacy in India’s retail market, said …
Read More »RIL, IndusInd Bank, Yes Bank, Nestlé, Vedanta, JSW Steel, DHFL
NEW DELHI Here is a list of the top ten stocks that may appear in the news on Monday: Dependency Industries: Amazon.com Inc. has obtained interim relief in a Singaporean arbitration court, stalling its partner Future Group’s plan to sell its retail and wholesale assets to a unit of rival …
Read More »RIL, Vedanta, HUL, Britannia Industries
NEW DELHI: Here’s a list of the top 10 stocks that may be in focus on Wednesday: Dependency Industries: Qualcomm and Reliance Jio announced Tuesday that they have aligned their efforts to accelerate the development and deployment of indigenous 5G network infrastructure and services in India. Jio has indigenously developed …
Read More »Trust, Maruti, banks, Infosys, SRF, Wipro
Here is a list of the top ten stocks that may appear in the news on Tuesday: Dependency Industries: The company’s telecom arm, Jio, has become the first mobile service provider to cross the Rs 40 million customer mark in India with a net addition of more than 35 lakh …
Read More »Future Group will seek mediation on Amazon’s legal notice on the RIL agreement
American online retailer Amazon.com Inc has sent a legal notice to Future Group, alleging that the sale of the retailer’s Rs 24,713 crore assets to Reliance Industries violated an agreement with the e-commerce giant. “We have initiated steps to enforce our contractual rights,” said a spokesman for the Seattle-based e-commerce …
Read More »Mukesh Ambani is the richest Indian for the thirteenth time on the Forbes list, see the full list
Mukesh Ambani, Chairman of Reliance Industries Limited, remains the richest Indian for the thirteenth year in a row. Forbes released Thursday 2020’s list of the 100 richest Indians. In the midst of the coronavirus pandemic that hit India hard, half of the nation’s 100 richest people on the Forbes India …
Read More »Amazon’s Future Notice of the RIL Agreement
Amazon.com Inc. has sent a legal notice to Future Group led by Kishore Biyani regarding its ₹Sale of assets of 24,700 crore to Reliance Retail Ventures Ltd, calling it a breach of a 2019 agreement between Amazon and Future. In a notice sent Monday, the multinational online retailer said the …
Read More »SBI, Reliance, HDFC Bank Bajaj Finance, TCS
Here is a list of the top ten stocks that may appear in the news on Wednesday: State Bank of India: The government appointed Dinesh Kumar Khara as SBI president on Tuesday, and Rajnish Kumar resigned at the end of his three-year term. The Board of Banks Bureau had recommended …
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