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Mukesh Ambani

Flipkart gets $1.2 bn from Walmart, others; valuation jumps 20%

TMT

14 July, 2020

Flipkart gets $1.2 bn from Walmart, others; valuation jumps 20%

Online retailer Flipkart said on Tuesday it is raising $1.2 billion (Rs 9,048 crore) in a funding round led by ......

Reliance's Jio gets $97 mn from Qualcomm Ventures for 5G push

TMT

13 July, 2020

Reliance's Jio gets $97 mn from Qualcomm Ventures for 5G push

Qualcomm Ventures has agreed to invest up to Rs 730 crore ($97 million) in Reliance Industries Ltd’s digital unit, Jio ......

BP pays Reliance $1 bn to set up petrol station venture

Infrastructure

10 July, 2020

BP pays Reliance $1 bn to set up petrol station venture

BP has paid Reliance Industries $1 billion to set up a joint network of thousands of petrol stations across India ......

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PE volumes touch new low in January-June as coronavirus worsens sentiment

Finance

07 July, 2020

PE volumes touch new low in January-June as coronavirus worsens sentiment

Private equity deal-making volumes in India fell sequentially further in the first half of 2020 to hit the lowest level ......

Intel chips in with $253 mn for Reliance's Jio Platforms

TMT

03 July, 2020

Intel chips in with $253 mn for Reliance's Jio Platforms

Reliance Industries Ltd said on Friday that Intel Capital will invest Rs 1,894.50 crore ($253 million) in Jio Platforms Ltd, ......

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RIL cuts commitments to PE, VC funds again in FY20 but adds new asset class

Finance

25 June, 2020

RIL cuts commitments to PE, VC funds again in FY20 but adds new asset class

Billionaire Mukesh Ambani-led Reliance Industries Ltd (RIL) reduced its exposure to alternative investments for a fourth year in a row ......

Amazon, Flipkart to consider listing of ‘country of origin' label on products

TMT

25 June, 2020

Amazon, Flipkart to consider listing of ‘country of origin' label on products

E-commerce players in India such as Amazon's local unit and Walmart's Flipkart will consider asking sellers on their platforms to ......

Reliance is ‘net-debt free', on road to IPO for digital, retail units

Manufacturing

19 June, 2020

Reliance is ‘net-debt free', on road to IPO for digital, retail units

Reliance Industries Ltd said on Friday it has become net-debt free after raising 1.69 trillion rupees ($22.2 billion) via stake ......

Saudi Arabian wealth fund to invest $1.5 bn in Reliance's Jio Platforms

TMT

18 June, 2020

Saudi Arabian wealth fund to invest $1.5 bn in Reliance's Jio Platforms

Reliance Industries Ltd said on Thursday Saudi Arabia’s Public Investment Fund (PIF) will invest Rs 11,367 crore ($1.5 billion) in ......

Abu Dhabi's Mubadala to invest $1.2 bn in Reliance's Jio Platforms, Silver Lake commits $600 mn more

TMT

05 June, 2020

Abu Dhabi's Mubadala to invest $1.2 bn in Reliance's Jio Platforms, Silver Lake commits $600 mn more

Reliance Industries Ltd said on Friday Abu Dhabi-based Mubadala Investment Company will invest Rs 9,093.60 crore ($1.2 billion) in Jio ......