Reliance's mainstay refining and petrochemicals operations could be valued at $55-$60 billion in the gargantuan deal, fetching the Indian conglomerate around $10-$15 billion for the minority stake.
Apr 17, 2019
Articles by Devansh Singh
The funds will be used by the company to expand its data network and attract users from other companies and businesses.
Apr 15, 2019
The Indian subsidiary of the US carmaker will transfer most of its current automotive business, assets and employees to the new company.
Apr 10, 2019
The Mittal brothers had split their businesses in 1994. However, eldest brother Lakshmi Niwas chipped in with 16 billion rupees to help Pramod clear massive dues to STC.
Mar 26, 2019
The investment will primarily be used for expansion into new areas. Delhivery plans to add 5,000 new pin codes to the current 15,000 by the first half of 2020.
Mar 25, 2019
A sudden surge in the inflow of dollars has sent the rupee to its highest level since August, prompting profit booking that led to the currency witnessing a drop on Tuesday after six trading sessions of continuous gains.
Mar 20, 2019
Rupee makes a turnaround amid optimism over PM Modi's re-election, becomes Asia's best-performing currency
On Monday, RCom paid the Swedish company Rs 4.6 billion, which also received an additional Rs 30 million from the Supreme Court's registry that the Anil Ambani-led firm had deposited as penalty interest.
Mar 19, 2019
Impacted by a higher cost of ownership due to rising interest rates, insurance premiums and tight liquidity, sales of passenger cars has been declining since August 2018.
Mar 18, 2019
Vistara has sought permission to fly between Delhi and Colombo seven days a week.
Mar 13, 2019
The shortage of pilots is not unique to IndiGo. Experienced pilots are in short supply as airlines add fresh capacity driven by rapidly rising passenger traffic.
Mar 13, 2019
Tickets booked well in advance are also inching north due to capacity constraints.Key metro routes such as Delhi-Mumbai and Delhi-Bengaluru have faced the major brunt of the reduced capacity.
Mar 11, 2019
Wistron is not alone, Apple's other contract manufacturer Foxconn too plans to start assembling pricier models of iPhone in the country in 2019.
Mar 7, 2019
A 100% rally in Reliance's stock and a substantial decline in Amazon founder Jeff Bezos wealth, following divorce with wife MacKenzie, could make Ambani the richest person in the world.
Mar 6, 2019
Mukesh Ambani at 13th on global rich list, will the Reliance Industries chairman have world's richest title?
The move is aimed at improving coordination and functioning and is likely to help in synergising operations of over 100 group companies, often operating in overlapping markets.
Mar 4, 2019
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