Business news

Silver Lake co-investors buy additional stake in Reliance Retail for Rs 1,875 crore

Reliance Industries Ltd (RIL) and Reliance Retail Ventures Ltd (RRVL) announced on Wednesday that co-investors of Silver Lake will invest an additional Rs 1,875 crore into RRVL, a subsidiary of RIL.

Oct 1, 2020

Remember East India Company? They usurped India once, an Indian owns it now

The company, owned by businessman Sanjiv Mehta, is a luxury food brand today retailing teas, coffees and food items in London.

Oct 1, 2020

Backlash over Reliance Jio's decision to charge voice calls

General Atlantic to invest Rs 3,675 cr in Reliance Retail

US-based private equity firm General Atlantic will invest Rs 3,675 crore for a 0.84 per cent stake in Reliance Retail, the Indian firm said on Wednesday.

Sep 30, 2020

Walmart in talks to invest $25 billion in Tata Group's 'super app'

Walmart Inc is in talks with Tata Group for an investment of up to $25 billion in the Indian salt-to-software conglomerate's new "super app", the Mint newspaper reported on Tuesday, citing people familiar with the matter.

Sep 29, 2020

Amnesty International quits India as funds dry; blames govt witch-hunt

Amnesty International has now shut its operations in India and has levelled serious allegations against the Indian government and calls the government's reprisal of the organisations a 'witch-hunt'

Sep 29, 2020

India's Aug crude steel output falls 4%, China logs 8% rise

Production of crude steel in India in August declined 4.4 per cent on a year-on-year basis to 8.48 million tonne (Mt), according to data from the World Steel Association.

Sep 27, 2020

Vodafone Idea starts upgrading 3G users to 4G in key markets

Vodafone Idea Limited (VIL) said that it has substantially enhanced 4G capacity by consolidating the Vodafone and Idea networks and deployment of latest technologies enabling it to upgrade large chunks of 3G spectrum to 4G.

Sep 27, 2020

Reliance retail sells 1.28% stake to KKR for Rs 5,550 crore, second deal in 2 weeks

Reliance Industries Limited on Wednesday announced that global investment firm KKR will invest Rs 5,550 crore into its subsidiary Reliance Retail Ventures Limited to pick up 1.28 per cent equity in the company.

Sep 23, 2020

HDFC Bank faces class action law suit in U.S; offers clarification

HDFC Bank denies the allegations and intends to defend itself vigorously in the lawsuit. The Bank expects its response to the lawsuit to be due in early 2021.

Sep 21, 2020

Happiest Minds' stellar debut shakes up Dalal Street; shares prices doubled on listing

With Rs 351 per share on the BSE, with a premium of 111.4 percent against the issue price of Rs 166 per share, Happiest Minds is off to a stellar debut.

Sep 17, 2020

IndiGo completed 50,000 flights during lockdown in full adherence of COVID rules

Airline major IndiGo on Saturday marked the completion of 50,000 flights since lockdown.

Sep 12, 2020

LIC expands market share as private insurers lose ground

APE is the sum of annualised first-year premiums on regular premium policies and 10% of single premiums on the new business written during any period.

Sep 12, 2020

This Indian telecom CEO has to work without salary for three years

Ravinder Takkar will not be paid any remuneration for his current three-year term, according to a proposal by Vodafone-Idea Limited.

Sep 11, 2020

If you invested ₹1.4 lakh in this stock in 2003; it's worth ₹6.4 crore now

Looking at the phenomenal journey of Divis Labs, a pharma company that kicked off its IPO in 2003 and never looked back.

Sep 9, 2020

Silver Lake to invest Rs 7,500 crore for 1.75% in Reliance Retail

U.S. private equity firm Silver Lake Partners will invest 75 billion rupees ($1.02 billion) in the retail arm of Indian conglomerate Reliance Industries Ltd for a 1.75% stake, Reliance said on Wednesday.