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Mukesh Ambani, Chairman and Managing Director of Reliance Industries, smiles as he attends the World Economic Forum (WEF) annual meeting in Davos, Switzerland, January 23, 2018.

Private equity firm KKR to invest Rs 11,367 crore in Reliance Jio for 2.32% stake

Reliance Industries Limited (RIL) and Jio Platforms Limited, India's leading digital services platform, announced on Friday that US private equity fund, KKR will invest Rs 11,367 crore into Jio Platforms. May 22, 2020
mutual funds

Aditya Birla Sun Life Mutual Fund temporarily suspends new entrants into two debt funds from May 22: Here's why

Acceptance of a fresh subscription or switch-in application to Aditya Birla Sun Life (ABSL) medium-term plan and ABSL credit risk fund, SIP, CSIP and STP is temporarily suspended from May 22 until further notice. However, no restrictions on redemptions are being imposed, it will continue as usual. May 21, 2020
jeff bezos

Amazon forays into online food delivery business in India, starts with Bengaluru

Amazon has entered this business at a time when two of India's largest online food delivery players have reported their lowest ever volumes due to lockdown. May 21, 2020
mastercard

'It's their choice': Mastercard to allow staff to work from home until coronavirus situation eases

Mastercard joins other technology and financial firms that have said they do not plan to implement widespread get-back-to-the-office initiatives any time soon, including its main rivals American Express Co and Visa Inc. May 21, 2020
Reliance-Microsoft cloud tie-up poses threat to Amazon, Google in India

After Facebook, Microsoft mulling investment in Reliance Jio; here are the signs

Several stock market analysts are of the opinion that Microsoft could soon follow Facebook's footsteps and buy stakes in Reliance Jio. May 20, 2020
bharti airtel

Bharti Airtel reports fourth-quarter loss of Rs 5,237 crore amid lockdown

Indian telecom firms raised tariffs late last year after the Supreme Court upheld a demand by India's telecoms department that wireless carriers pay 920 billion Indian rupees May 19, 2020
Uber CEO Dara Khosrowshahi

Uber slashes 3,000 more jobs; loses 25 percent workforce in 2 weeks

Uber had fired 3,700 employees less than two weeks ago, demonstrating how badly the global ride-hailing service has been hit by coronavirus pandemic. May 19, 2020
Naman Tyagi

Naman Tyagi, Founder & CEO of Weddopedia & Fashiopedia, sets a new World Record

Naman provides a platform to all aspiring models, designers, photographers, makeup-artist from pan India May 18, 2020
Kyree Hollis

5 tips from marketing strategist Kyree Hollis on business formation during this pandemic

Hit the market with a thorough marketing plan, brand aligning social media platforms, and an open mind May 18, 2020
sensex nifty

Nifty, Sensex fall as economic package fails to impress; Reliance rises

Indian shares slipped on Monday, May 18 as investors were unimpressed by the government's economic relief measures and coronavirus cases continued to rise steadily, while a boost in Reliance Industries and Cipla limited losses. May 18, 2020
Reliance Jio

Reliance says General Atlantic to invest $870 million in digital unit

With this investment, Jio Platforms, which houses Reliance's digital businesses including telecoms unit Jio Infocomm, has raised a total of 671.94 billion rupees from investors including Facebook Inc, Silverlake and Vista Equity Partners in four weeks. May 17, 2020
Nirmala Sitharaman

No fresh bankruptcy for 1 year, special insolvency framework for MSMEs

The government will also set up a special insolvency framework for MSMEs under Section 240A of the Insolvency of Bankruptcy Code. May 17, 2020
Start-up

Ease of doing business: Less penalties for small firms, startups

The government will also take steps towards creating additional and specialised benches of the National Company Law Appellate Tribunal (NCLAT). May 17, 2020
Anil Agarwal

Vedanta must reconsider delisting after Centre amends mining policy; here's why

Looking at the potential business upside, post announcement of coal and mining policy reforms by the Centre today, Vedanta Limited should reconsider its decision to delist from the bourse. Will Vedanta step back and stay on? May 17, 2020
Warren Buffett

Warren Buffett's Berkshire dumps Goldman holdings; trims other investments

Warren Buffett's Berkshire Hathaway has made some major changes in its holdings, including dumping majority stakes in Goldman Sachs. May 16, 2020
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