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Reliance gets third investor for Jio, sells $1.5 bn stake to Vista Equity

TMT

08 May, 2020

Reliance gets third investor for Jio, sells $1.5 bn stake to Vista Equity

Reliance Industries Ltd said on Friday US-based Vista Equity Partners will invest Rs 11,367 crore ($1.5 billion) in its digital ......

Grapevine: KKR, Carlyle, Apax circle JB Chemicals; RIL eyes NetMeds

General

06 May, 2020

Grapevine: KKR, Carlyle, Apax circle JB Chemicals; RIL eyes NetMeds

Global buyout funds KKR, Carlyle, Apax Partners, and PAG have submitted non-binding bids to acquire JB Chemicals and Pharmaceuticals Ltd ......

Silver Lake to invest $747 mn in Reliance's Jio Platforms

TMT

04 May, 2020

Silver Lake to invest $747 mn in Reliance's Jio Platforms

Energy-to-telecom conglomerate Reliance Industries Ltd said on Monday private equity firm Silver Lake will invest Rs 5,655.75 crore ($747 million) ......

Reliance cuts pay of execs in oil unit, Ambani foregoes salary

Manufacturing

30 April, 2020

Reliance cuts pay of execs in oil unit, Ambani foregoes salary

India’s Reliance Industries has cut the pay of some top oil-and-gas division employees by up to 50%, according to six ......

Reliance ups stake again in US-based pod car developer SkyTran

TMT

29 April, 2020

Reliance ups stake again in US-based pod car developer SkyTran

Energy-to-telecom conglomerate Reliance Industries Ltd (RIL) has hiked its stake in the US-based SkyTran Inc., a venture-funded technology company that ......

Nifty, Sensex track global peers higher on hopes of lockdowns easing

Markets

28 April, 2020

Nifty, Sensex track global peers higher on hopes of lockdowns easing

Indian shares settled more than 1% higher on Tuesday, tracking global stocks higher on hopes of an easing in coronavirus-related ......

Reliance Industries to consider first rights issue in three decades

Manufacturing

28 April, 2020

Reliance Industries to consider first rights issue in three decades

India's Reliance Industries Ltd said it will consider its first rights issue in almost 30 years when its board meets ......

Facebook-Jio deal portends a bruising time for SoftBank-backed Paytm

TMT

24 April, 2020

Facebook-Jio deal portends a bruising time for SoftBank-backed Paytm

Facebook's $5.7 billion investment in Reliance promises to be the biggest headache yet for Paytm, a SoftBank-backed pioneer in India's ......

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One year of talks, Covid-19 hurdles and more backstory about Facebook-Jio deal

TMT

22 April, 2020

One year of talks, Covid-19 hurdles and more backstory about Facebook-Jio deal

In 2008, Mark Zuckerberg made his first trip to India. The Facebook Inc founder, who became a billionaire at the ......

Nifty, Sensex jump over 2% as Reliance Industries soars on Facebook deal

Markets

22 April, 2020

Nifty, Sensex jump over 2% as Reliance Industries soars on Facebook deal

Indian shares ended sharply higher on Wednesday, driven by a 10% surge in Reliance Industries Ltd after Facebook invested $5.7 ......